Renewable Developer ReNew Power Raises $300 Million Through Rights Issue

IFC and HSBC Establish Green Bond Fund Focused on Providing Access to Climate Finance

The International Finance Corporation (IFC), the financial arm of the World Bank, along with HSBC Global Asset Management, has announced their first global green bond fund aimed at “real economy” ...
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around  ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
/ / Finance and M&A, Solar
PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

Tata Cleantech Raises ₹1,800 Million from Netherland’s FMO through Green Bonds

Tata Cleantech Capital Limited (TCCL) has raised ₹1,800 million (~$25.62 million) through green bonds from FMO, the Netherlands Development Finance Company. Tata Cleantech is a part of Tata Group in ...
/ / Finance and M&A, Solar
Off-Grid Solar Solutions Provider d.light Raises $41 Million in Equity Funding

Off-Grid Solar Solutions Provider d.light Raises $41 Million in Equity Funding

Off-grid solar solutions provider d.light has raised $41 million in equity financing from a consortium led by Inspired Evolution, an Africa-focused investment advisory firm that specializes in the energy sector. Consortium partners ...
/ / Off-grid, Solar
Off-Grid Solar

Off-Grid Solar Solutions Provider ZOLA Gets $32.5 Million to Expand Footprint in Tanzania

ZOLA Electric, formerly known as Off Grid Electric, an African renewable energy company, has secured $32.5 million in funding from FMO, the Dutch entrepreneurial development bank; and Symbiotics, a leading ...
/ / Off-grid, Solar
IFC to Invest $150 Million in Aditya Birla Finance

Orb Energy Raises $15 Million from FMO and OPIC

The solar firm Orb Energy has raised over $15 million (~₹954 million) in equity and debt to expand its in-house finance facility of rooftop solar projects for Small- and Medium-sized ...
/ / Finance and M&A, Solar
Scatec-Solar

Scatec Solar Closes $335 Million in Funding for Egyptian Solar Projects

Scatec Solar ASA (SSO) and its partners have closed financial deals for six solar photovoltaic (PV) power plants with an aggregate capacity of 400 MW in Egypt. The projects are ...
/ / Solar
EBRD, GCF and FMO

EBRD, GCF and FMO to Provide $87 Million Loan to Develop Solar Projects in Egypt

The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF), and the Netherlands Development Finance Company (FMO) have together agreed to provide an $87 million syndicated loan ...
/ / Finance and M&A, Solar
M-KOPA Solar Secures in Commercial Debt Funding

M-KOPA Solar Secures $80 Million in Commercial Debt Funding

M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes, has secured $80 million of committed financing. The company will utilize the funds over the next three years to provide finance ...
/ / Finance and M&A, Solar
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in June 2017

The Ministry of New and Renewable Energy (MNRE) de-empaneled 71 channel partners fromits grid-connected rooftop and small solar power projects program. These agencies had not entered any installation data or ...
Demonitization India Solar

Yes Bank Signs Green Finance Charter with FMO, DEG and Proparco

Yes Bank, FMO (the development bank of the Netherlands), DEG (the development bank of Germany) and Proparco (the development of France) signed a Green Finance Charter for green finance in ...
/ / Finance and M&A, Solar