AfDB Extends €12.46 Million for Expansion of Renewables in an African Island
The African Development Bank (AfDB) announced that it would donate €12.46 million (~₹1.05 billion) to finance the Energy Transition and Institutional Support Program (ETISP) in the Democratic Republic of São ...
Rooftop Solar Startup ZunRoof Receives $3 Million in Series A
ZunRoof, an Indian startup in the rooftop solar segment, has received Series A funding of $3 million (~₹222.7 million) from Godrej Investment Office. According to the company statement, “This is ...
IRENA Invites Developers to Register Projects on its Climate Investment Platform
The International Renewable Energy Agency (IRENA) has invited renewable energy project developers to register suitable projects through a purpose-built portal organized around 14 regional clusters to contribute to its Climate ...
Oakridge Energy Secures Line of Credit to Finance Residential Rooftop Solar Systems
Oakridge Energy, an Indian rooftop solar installer, has raised a line of credit from Maanaveeya Development & Finance Private Limited (Maanaveeya), Oikocredit’s financing arm in India. Oikocredit is a cooperative ...
UK Pledges £100m for Improving Electricity Access in Sub-Saharan Africa
The United Kingdom has committed an additional funding of £100 million for the Renewable Energy Performance Platform (REPP) which aims to give a major boost to Sub-Saharan Africa’s small to ...
NABARD Inks Pact with GCF to Infuse $100 Million for the Growth of Rooftop Solar in India
The National Bank for Agriculture and Rural Development (NABARD) has signed an agreement with the Green Climate Fund (GCF) to infuse $100 million into a project designed to unlock private ...
Government PSU Rural Electrification Corporation’s Net Worth Increases by 6 Percent
The Rural Electrification Corporation (REC), a public sector unit of the government of India involved in financing all segments of the power sector, has announced its 49th annual report for ...
MNRE Utilized ₹36.13 Billion from NCEEF in FY 2017-18
The Ministry of New and Renewable Energy (MNRE) had not utilized the entire budget allocated to it by the National Clean Energy and Environment Fund (NCEEF) during financial year (FY) ...
IREDA Gets a Nod from SEBI to Launch IPO
The Indian Renewable Energy Development Agency (IREDA) has received a green signal from the Securities and Exchange Board of India (SEBI) for the launch of its Initial Public Offering (IPO). Now, ...
Only $15.82 Million Funding Approved for India’s Solar Cities Program Since 2014
The government has only approved ₹1,016.4 million (~$15.82 million) for the Solar Cities Program in the past four years. For context, the funding amount would be enough to build a ...
IFC to Loan $50 Million to Mahindra Renewables
The International Finance Corporation (IFC), a member of the World Bank Group, will provide $50 million (~₹3.2 billion) as senior or IFC-A loan to Mahindra Renewables Private Ltd. (MRPL). MRPL, ...
