EBRD to Provide $35 Million to Develop 37 MW of Solar Projects in Jordan

EBRD to Provide $35 Million to Develop 37 MW of Solar Projects in Jordan

The European Bank for Reconstruction and Development (EBRD) has announced that it would be providing a financing package of up to $35 million to Kawar Investments for the development of ...
/ / Finance and M&A, Solar
First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

In the first half of 2019 (1H 2019), funding activity in the solar sector was on an upward trajectory when compared to the same period last year. Total corporate funding ...
/ / Finance and M&A, Solar
IIT Hyderabad-Incubated Electric Vehicle Startup PURE EV Raises Funding

IIT Hyderabad-Incubated Electric Vehicle Startup PURE EV Raises Funding

PURE EV, an Indian Institute of Technology (IIT) Hyderabad-incubated startup, has raised an undisclosed amount of funding. The new round of funding is expected to enhance the company’s operations and ...
Power Finance Corporation Raises $300 Million Through Syndicated Loan

Power Finance Corporation Raises $300 Million Through Syndicated Loan

The Power Finance Corporation (PFC) has announced that it has raised $300 million through a three-year syndicated loan from the State Bank of India, Honk Kong and MUFG Bank, Singapore ...
India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

In the first quarter (Q1) of the calendar year (CY) 2019, the Indian solar sector received investments totaling $2.8 billion (~₹195.4 billion), according to Mercom’s Q1 2019 India Solar Market ...
Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya

Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya

Globeleq, an energy company focused on Africa has announced the financial closure of a 40 MW Malindi Solar photovoltaic project in Kenya. The company has also announced that it has ...
/ / Finance and M&A, Solar
GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

Nigeria to Raise $41.5 Million Through its Second Green Bond Issue

The debt management office (DMO) of the federal government of Nigeria has announced that it is looking to execute a second green bond issuance - Series II Green Bonds amounting ...
World Bank to Assist in  Sustainable Extraction of Minerals for Wind, Solar Projects

World Bank to Assist in Sustainable Extraction of Minerals for Wind, Solar Projects

To realize a lower-carbon future, there will be a substantial increase in demand for several key strategic minerals and metals to manufacture cleaner energy technologies.  Keeping this in perspective, the World ...
Ratan Tata Invests in Ola Electric Mobility’s Series A Funding

Ratan Tata Invests in Ola Electric Mobility’s Series A Funding

Ola Electric Mobility Pvt Ltd (Ola Electric) has announced that Ratan Tata, the chairman of Tata Sons, has invested an undisclosed amount in the company as part of its Series ...
Clean Solar Power to Get US$43.3 Million IFC Debt Financing

EBRD and GCF Offer $16.7 Million Assistance for a 30 MW Solar Power Project in Kazakhstan

In line with its policy to support renewables in Kazakhstan, the European Bank for Reconstruction and Development (EBRD) has partnered with the United Nations’ Global Climate Fund (GCF) for the ...
Report: Global Solar Funding Rises to $5.3 Billion in First Half of 2018

Module Supplier Canadian Solar Gets $48 Million Credit Expansion

Canadian Solar Projects K.K, a wholly-owned subsidiary of module supplier Canadian Solar has announced the renewal of a credit facility. The credit facility has been made available through a syndicate ...
REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years

ADB Announces $100 Million Assistance to Support Renewable Projects in the Pacific

As a part of its ongoing Pacific Renewable Energy Program, the Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million to provide financing support including ...
/ / Other, Renewable Energy
Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

Off-Grid Solar Solutions Provider SolarHome Raises $1 Million Equity Funding from Trirec

Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million equity from its existing investor Trirec. In 2018, Trirec was joined ...
/ / Finance and M&A, Solar
ISA Discusses Recommendations with Finance Minister Arun Jaitley Ahead of Next Budget

ISA No Longer a Foreign Source of Funding

The Home Ministry, Government of India, has released a letter stating that investments from the International Solar Association (ISA) will no longer be treated as a foreign source of funding ...
/ / Markets & Policy, Solar
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

Investment in Indian Solar Sector Dips to $9.8 Billion in 2018

In 2018, investments in the Indian solar sector totaled approximately $9.8 billion compared to 2017, in which almost $11.5 billion flowed into the Indian solar sector.  2018 witnessed a decline ...
/ / Markets & Policy, Solar
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018

Global Solar Market Receives $2.8 Billion in Corporate Funding in Q1 2019

The solar sector received $2.8 billion in corporate funding globally, including venture capital funding, public market, and debt financing. Activity across venture capital funding, public market, and debt financing were ...
/ / Finance and M&A, Solar
ADB and ASEAN Announce $1 Billion Green Finance Facility

ADB and ASEAN Announce $1 Billion Green Finance Facility

The Asian Development Bank (ADB) along with Southeast Asian governments and major development financiers has launched the “ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility,” a new initiative ...
/ / Finance and M&A, Other
Supreme Court ReNew Power MPPMCL

What Does Supreme Court’s Order Quashing RBI’s NPA Circular Mean for the Solar Sector

Recently, the Supreme Court of India ordered the quashing of a circular issued by the Reserve Bank of India on non-performing assets (NPAs). According to a PTI report, “The Supreme ...
AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

The African Development Bank board (AfDB) has announced the approval of a $20 million loan to the Democratic Republic of Congo (DRC). The funding will be used to support the ...
/ / Finance and M&A, Solar
KOR Energy Rooftop Projects

Rooftop Solar Developer CleanMax Secures ₹1.6 Billion Loan from PTC India

Mumbai-based rooftop solar energy company, CleanMax, has announced that its subsidiary CleanMax IPP has received ₹1.58 billion ($22.6 million) in a loan from PTC India Financial Services to refinance loans ...
/ / Finance and M&A, Solar
Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

Trine, a Swedish investment company that enables individuals to invest sustainably, and Greenlight Planet, a provider of off-grid solar products, have announced the closure of a €1.8 million ($2.36 million) ...
/ / Off-grid, 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
Rooftop Solar Company ZunRoof Raises Third Round of Angel Funding

Rooftop Solar Company ZunRoof Raises Third Round of Angel Funding

ZunRoof, an Indian solar rooftop startup, has raised an undisclosed sum in the third round of angel funding, since its inception in June 2016. According to an email response to ...
/ / Finance and M&A, Solar
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

AIIM to Invest $31 Million in Off-Grid Solar Solutions Provider BBOXX for a Minority Stake

BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, has announced that Africa Infrastructure Investment Managers (AIIM), through its AIIF3 fund, is investing $31 million for a minority stake ...
/ / Finance and M&A, Solar
Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

Rays Power Infra Raises $28 Million to Expand its Solar Business

Solar developer Rays Power Infra has announced that it has secured ₹2 billion (~$28.4 million) through hybrid debt and equity financing from lender and asset management firm DMI Finance (DMI). The company ...
/ / Finance and M&A, Solar