Funding in Global Battery Storage Sector Surges to $299 Million in Q1 of 2018
The fledgling energy storage industry is rapidly gaining momentum in the domestic as well as the international markets. Realizing the importance of energy storage, an increasing number of players are ...
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 ...
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018
Regulatory ambiguities and tariff uncertainties were a drag on the global solar sector in the first quarter of 2018, causing the announced corporate funding total to fall by 65 percent ...
At ISA Conference, India Pledges $1.4 Billion for Solar Projects in Developing Countries
At the inaugural conference of the International Solar Alliance (ISA) held in New Delhi this weekend, the Government of India pledged $1.4 billion to fund the development of solar projects ...
IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy Projects in India
The European Investment Bank (EIB) and the Indian Renewable Energy Development Agency (IREDA) have inked an agreement worth €150 million (~$184.81 million) to further the growth of renewable energy generation in ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017
In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
Solar Solutions Provider Pawame Raises $2 Million to Increase Footprint in Kenya
Abu Dhabi-based off-grid solar power provider Pawame has raised $2 million from Gulf investors to provide sub-Saharan African households with solar power solutions. This seed funding will be utilized by ...
Togo Receives $4 Million in Funding to Boost Energy Access Across the Country
The African country of Togo has received a significant boost in the form of $4 million in funding to further the development an energy access drive dubbed the Cizo initiative ...
ReNew Power Raises $352 Million to Pursue Expansion Plans
Indian renewable energy project developer ReNew Power has raised ₹22.35 billion (~$352 million) to be used for its expansion and loan-payment plans. Confirming the development, a source at ReNew Power told ...
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 ...
Waaree Energies Raises ₹1 Billion from Centrum Financial Services and Private Equity Firm
Waaree Energies, an Indian solar module manufacturer and Engineering Procurement Construction (EPC) services provider, has raised ₹1 billion (~$15.6 million) from Centrum Financial Services Ltd, the non-banking finance arm of ...
Canada Pension Plan Investment Board to Invest About $200 Million in ReNew Power
The Canada Pension Plan Investment Board (CPPIB) is set to invest approximately $200 million (~₹12.9 billion) in ReNew Power Ventures in the form of compulsory convertible preference shares (convertible debt) ...
Financial Innovation Enables Scatec Solar to Launch Projects Worth Nearly $1 Billion
Innovative ways to raise capital, ranging from Islamic Green Bond to climate finance, has enabled Scatec Solar to launch 758 MW of clean energy projects on three continents - Asia, ...
ReNew Power Raises Rs.5 Billion Through Green Bonds
ReNew Power, announced its first public issue of non-convertible debentures (NCDs) with a face value of Rs.1 million (~$14,744) each, aggregating Rs.5 billion (~$73.72 million). Funding raised will be utilized ...
