Renewable Developer ReNew Power Raises $300 Million Through Rights Issue

IFC and HSBC Establish Green Bond Fund Focused on Providing Access to Climate Finance

The International Finance Corporation (IFC), the financial arm of the World Bank, along with HSBC Global Asset Management, has announced their first global green bond fund aimed at “real economy” ...
Singapore’s United Overseas Bank Says No to Coal Lending

Singapore’s United Overseas Bank Says No to Coal Lending

In a decision taken at its annual general meeting held recently, the United Overseas Bank (UOB), Southeast Asia's third-largest finance group and Singapore’s third largest bank, has said that it ...
Coal India Report Acknowledges Solar as a Key Substitute for Coal in India

Increasing Number of Banks Say No to Financing Coal-Based Projects

British multinational banking and financial services company Standard Chartered has pulled the plug on any upcoming coal-fired power plants across the globe. In a media statement released on its website ...
/ / Markets & Policy, Solar
Saudi Arabia’s Public Investment Fund Acquires 15.2% Stake in ACWA Power

Saudi Arabia’s Public Investment Fund Acquires 15.2% Stake in ACWA Power

The Public Investment Fund (PIF) of Saudi Arabia has acquired a 15.2 percent stake in International Company for Water and Power Projects (ACWA Power), a developer, owner, and operator of ...
Financing Activity in the Indian Solar Sector So Far This Year

Azure Power to Raise $500 Million (~Rs.32 Billion) from Sale of Bonds

Azure Power, an Indian solar power producer, will issue and raise around $500 million (~Rs.32 billion) from the sale of bonds to overseas investors. It bond offering was said to have attracted ...
/ / Finance and M&A, Other
Solar Finance

Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017

With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
/ / Finance and M&A, Solar