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 ...
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 ...
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 ...
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 ...
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
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 ...
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 ...
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) ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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 ...
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 ...
