ReNew Raises $375 Million Through Green Bond Issue

ReNew Raises $375 Million Through Green Bond Issue

Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
/ / Finance and M&A, Solar
Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

At its 22nd meeting, the Green Climate Fund (GCF) announced the approval of approximately $299.2 million to finance programs for electrification, combating climate change and economic development through renewable energy ...
/ / Other, Renewable Energy
Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

BBOXX, an off-grid clean energy technology provider, has announced that its funding initiative has reached the €6 million (~$6.78 million) mark. BBOXX was assisted by Trine, a company that helps ...
/ / Finance and M&A, Solar
World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

The World Bank has approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country. The funding ...
India Installs 8.3 GW of Solar in 2018

India Installs 8.3 GW of Solar in 2018

The Indian solar market installed 8,263 MW in 2018, down 15.5 percent compared to 9,782 MW in 2017 as the safeguard duty, GST issues, and land and transmission issues took ...
/ / Markets & Policy, Solar
KfW and Bank of Baroda to Refinance Solar Projects in India

KfW and Bank of Baroda to Refinance Solar Projects in India

German development bank, KfW, and Bank of Baroda have announced that they would extend funding of $113 million to refinance solar power projects in India under the Solar Partnership II ...
/ / Finance and M&A, Solar
SECI Likely to Issue RfS for 2.5 GW of Solar in Kargil by December 31, 2018

EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD ...
/ / Markets & Policy, Solar
Maharashtra’s Saibaba Trust Issues Tender for 10 MW of Solar Project

UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy

Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
/ / Finance and M&A, Solar
Maharashtra Takes a Tough Stance on Solar and Non-Solar RPO Enforcement

AfDB Approves $25 Million Renewable Energy Fund for Projects in Sub-Saharan Africa

The African Development Bank Group (AfDB) has announced an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund that ...
/ / Markets & Policy, Solar
Cleantech Solar to Develop 27 MW Rooftop Solar PV Projects in Asia

Oakridge Energy Secures Line of Credit to Finance Residential Rooftop Solar Systems

Oakridge Energy, an Indian rooftop solar installer, has raised a line of credit from Maanaveeya Development & Finance Private Limited (Maanaveeya), Oikocredit’s financing arm in India. Oikocredit is a cooperative ...
/ / Finance and M&A, Solar
Scatec Solar Closes Financing for a 47 MW Project in Malaysia

Scatec Solar Closes Financing for a 47 MW Project in Malaysia

Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million ...
/ / Finance and M&A, Solar
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
/ / Finance and M&A, Other
Gujarat High Court Gives Go-Ahead to GUVNL’s 500 MW Wind Auction

Abu Dhabi Fund Commits $50 Million for IRENA-Recommended Renewable Projects

The Abu Dhabi Fund for Development (ADFD) has committed $50 million for renewable energy projects that are recommended by International Renewable Energy Agency (IRENA). The ADFD and IRENA have invited ...
/ / Other, Renewable Energy
GRIDCO Asks Bidders to Match Lowest Tariff Quoted at its 200 MW Solar Auction

IFC to Finance 50 MW Solar Project in Sierra Leone

Sierra Leone’s Ministry of Finance has signed a $40 million agreement with the International Finance Corporation, a sister organization of the World Bank, for the development of a 50 MW ...
/ / Markets & Policy, Solar
Standard Chartered Creates Sustainable Financing Team to Increase Focus on Renewables

Standard Chartered Creates Sustainable Financing Team to Increase Focus on Renewables

To propel its push into emerging markets focused on sustainable financing, Standard Chartered, an international bank listed on the London and Hong Kong Stock Exchanges as well as India’s Bombay ...
/ / Other, Renewable Energy
Developers who have projects under development need to use the pass through option due to safeguard duty that was imposed recently on solar imports

Azure Power Secures $58 Million for its 100 MW Solar Project at Pavagada

Leading renewable energy project developer Azure Power (NYSE: AZRE), has achieved the financial closure of a deal worth ₹4 billion (~$58 million) for its 100 MW solar power project in ...
/ / Finance and M&A, Solar
World Bank to Invest $1 Billion Towards Battery Storage to Promote Renewables Globally

World Bank to Invest $1 Billion Towards Battery Storage to Promote Renewables Globally

The World Bank Group has committed $1 billion for a new global program to accelerate investment in battery storage for energy systems in developing and middle-income countries. The program is ...
Off-Grid Solar Market Remains Buoyant Despite 7% Dip in Sales

OPIC Commits $25 Million for the Expansion of Off-Grid Solar in Asia and Africa

The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, has committed $25 million in financing to the Solar Energy Transformation Fund LLC, which will provide loans to ...
/ / Markets & Policy, Solar
IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

The Indian Renewable Energy Development Agency (IREDA) has posted gross income worth ₹17.8 billion (~$0.24 billion) in financial year (FY) 2017-18. This is an approximate growth of 20 percent over ...
/ / Markets & Policy, Solar
Madhya Pradesh Clarifies the Impact of Solar Safeguard Duty on 30 MW Rooftop Tender

India’s Rooftop Solar in Dire Need of Innovative Financing Solutions

Four years ago, under the leadership of Prime Minister Modi, India set a target to install 175 GW of renewable capacity by the year 2022. Of the targeted capacity, 100 ...
/ / Rooftop, Solar
ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States

ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States

In a bid to expand its foothold in the industry, India’s leading renewable energy project developer ReNew Power, is looking at new acquisition opportunities. According to its Draft Red Herring ...
ADB to Finance Solar Projects Worth $40 Million in Indonesia

ADB to Finance Solar Projects Worth $40 Million in Indonesia

The Asian Development Bank (ADB) will fund solar photovoltaic (PV) projects worth $40 million in Indonesia. The bank has announced a private sector financing package totaling $40 million to invest in ...
Solar Solutions Provider d.light Raises $50 Million in Debt Financing

Solar Solutions Provider d.light Raises $50 Million in Debt Financing

Off-grid solar solutions provider d.light has successfully raised $50 million in funding from the European Investment Bank (EIB), responsAbility Investments, Social Investment Managers & Advisors (SIMA), SunFunder, and another mission ...
Saudi Arabia’s Zahid Group Acquires 50 Percent Stake in Greencells Group

ADB to Provide $235 Million Loan for Renewable Projects in ASEAN

The Asian Development Bank (ADB) has agreed to provide a $235 million loan to B. Grimm Power Public Company Limited for the expansion of renewable energy projects in the member ...
/ / Finance and M&A, Solar
Off Grid Electric Raises $55 Million to Expand Footprint in Africa

Off Grid Electric Raises $55 Million to Expand Footprint in Africa

African rooftop solar provider Off Grid Electric and global energy company EDF are expanding their partnership in sub-Saharan Africa after Off Grid Electric received $55 million in Series D financing ...
/ / Finance and M&A, Solar