Cleantech Solar to Develop 27 MW Rooftop Solar PV Projects in Asia

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 ...
/ / Finance and M&A, Solar
UK Pledges £100m for Improving Electricity Access in Sub-Saharan Africa

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 ...
/ / Other, Renewable Energy
NABARD Inks Pact with GCF to Infuse $100 Million for the Growth of Rooftop Solar in India

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 ...
/ / Rooftop, Solar
Government PSU Rural Electrification Corporation’s Net Worth Increases by 6 Percent

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 ...
/ / Markets & Policy, Solar
MNRE Utilized ₹36.13 Billion from NCEEF Fund in FY 2017-18

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

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, ...
/ / Markets & Policy, Solar
Only $15.82 Million in Funding for India’s Solar Cities Program Approved Since 2014

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

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, ...
/ / Finance and M&A, Solar