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 ...
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

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
Sindicatum Renewables Lists Green Bonds On London Stock Exchange

Sindicatum Renewables Lists Green Bonds On London Stock Exchange

Sindicatum Renewable Energy Company Pte Ltd (Sindicatum), a developer and operator of clean energy projects in Asia, has listed its three guaranteed Indian Rupee (₹) and Philippine Peso (PHP) green ...
/ / Markets & Policy, Solar
Report: Global Solar Funding Rises to $5.3 Billion in First Half of 2018

Solar Analytics Firm SenseHawk Raises $2 Million in Series A Funding

SenseHawk, a cloud-based enterprise platform leveraging artificial intelligence (AI) analytics on data collected from autonomous systems such as drones, has raised $2 million from SAIF Partners and other angel investors ...
/ / Markets & Policy, Solar
India Contributes $1 Million for Solar Project at UN Headquarters

India Contributes $1 Million for Solar Project at UN Headquarters

India has contributed $1 million for the development of a solar project at the United Nations headquarters in New York. The contribution will help reduce carbon footprint and promote sustainable ...
/ / Markets & Policy, Solar
SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar

SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar

The nation’s largest lender State Bank India (SBI) has raised the first tranche of $650 million through a maiden green bond offering, which is a part of its goal of ...
/ / Markets & Policy, Solar
Zambia Plans to Develop 100 MW of Solar Projects

Cleantech Solar Raises $50 Million From Climate Fund Managers

Cleantech Solar, a Singapore-based renewable energy project developer, has received a $50 million equity investment from Climate Fund Managers (CFM), a climate-dedicated investment manager, to support its growth in Asia ...
/ / Finance and M&A, Solar
MNRE Revises the Enforcement Date of Quality Control Order 2017

EBRD to Finance 100 MW Solar Project in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has announced that it will be financing the development of a 100 MW solar project in the Zhambyl region of southern Kazakhstan ...
/ / Markets & Policy, Solar
Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

SolarHome, a Singapore based Pay-As-You-Go (PAYG) off-grid solar solutions provider in southeast Asia, raised $1 million in convertible note offering recently. The funding has been provided by impact venture capital ...
/ / Finance and M&A, Solar
Report: Global Solar Funding Rises to $5.3 Billion in First Half of 2018

Report: Global Solar Funding Rises to $5.3 Billion in First Half of 2018

In the first half (1H) of 2018, the total corporate funding, including venture capital funding, public market, and debt financing rose to $5.3 billion, compared to the $4.6 billion raised ...
/ / Finance and M&A, Solar
India To Provide $20 million Funding to Suriname for Development of Solar

India To Provide $20 Million Concessional Funding to Suriname for Development of Solar

India will partner with Suriname, a South American country, for cooperation in the field of renewable energy. The President of India, Ram Nath Kovind, announced the upcoming partnership between the ...
/ / Markets & Policy, Solar
Vivint Solar Closes $811 Million Debt Financing Deal

Vivint Solar Closes $811 Million Debt Financing Deal

Vivint Solar, a residential solar solutions provider in the United States, has announced the closing of $811 million of debt financing. The amount was raised in two separate transactions. The first transaction of ...
/ / Finance and M&A, Solar
Sustainable Energy Innovation Needs to Grow at a Quicker Pace: World Economic Forum

Sustainable Energy Innovation Needs to Grow at a Quicker Pace: World Economic Forum

The World Economic Forum has released a white paper titled  ‘Accelerating Sustainable Energy Innovation’ that argues the pace of innovation in sustainable energy is not adequate to address the challenges ...
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 ...
MSEDCL’s 1 GW Solar Tender Oversubscribed by 450 MW

Sunsure Energy Raises $2.2 Million in Working Capital for Solar Projects

Sunsure Energy, a solar turnkey solutions provider, has raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance to be used as working ...