Ministry of Power Releases Detailed Plan to Revamp DISCOMs
The Ministry of Power (MoP) has issued detailed guidelines for reform-based result-linked power distribution program over the next five years. The program aims to improve the quality and the reliability ...
Daily News Wrap-Up: UK’s Cumulative Solar Installations Reach 13.5 GW
Here are some noteworthy cleantech announcements of the day from around the world: The United Kingdom added 12.6 MW of solar capacity in January 2021, according to the Department for Business, Energy, ...
ReNew Power Raises $325 Million through Overseas Green Bonds
ReNew Power, an Indian independent power producer, has raised around $325 million through overseas green bonds. Green bonds are financial instruments designed to raise money for climate and sustainability-related projects ...
French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio
Technique Solaire, a France-based solar developer, announced that it had raised €25 million (~$29.3 million) from its partners Bpifrance and Crédit Agricole Group. This marks the second round of funding for the company ...
CIM Group Invests $40 Million in Solar Panel Cleaning Robotics Company Ecoppia
Robotic solar cleaning solutions provider Ecoppia announced that it secured a $40 million credit facility from a U.S.-based CIM Group. CIM is a community-focused real estate and infrastructure owner, operator, ...
Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids
IIX Impact Partners, a debt and equity crowdfunding platform, announced that it has helped Bangladesh-based clean energy firm SOLshare close a $1.1 million (~₹81.9 million) financing round that will help ...
CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business
The Global Climate Partnership Fund (GCPF) announced that it has provided Indian solar rooftop developer CleanMax with a $10 million (~₹743.08 million) credit facility to help it expand operations into Southeast ...
Cleantech Solar Receives $75 Million Green Loan to Help Set Up 500 MW of Solar Projects
Cleantech Solar, a Singapore-based commercial and industrial (C&I) focused solar developer, announced that it received a green loan of $75 million (~₹5.67 billion) from the Singapore branch of the ING Bank ...
Sri Lanka Receives $100 Million Loan from India for Installing Rooftop Solar Systems
Sri Lanka announced that it had received a $100 million (~₹7.56 billion) loan from the Government of India for installing solar rooftop systems on government buildings. These funds will also ...
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, ...