ADB, GCF, and Australia Together Pledge $44.6 Million for Tonga’s Renewable Expansion
The Asian Development Bank (ADB), the Green Climate Fund (GCF), and the Government of Australia have signed an agreement to develop renewable energy in Tonga. The total grant for expanding ...
Evolution II Fund Secures Another $87.75 Million for Clean Energy Access in Africa
Inspired Evolution, an Africa-focused investment advisory firm that specializes in providing clean energy access, has secured another $87.75 million, reaching a total capital of $216 million at the final closing ...
IAN Fund Invests ₹124 Million in a Startup Providing Solar Panel Cleaning Solutions
The IAN Fund, a seed fund, has led an investment worth ₹124 million (~$1.7 million) in Pune-based Nocca Robotics. The investment also saw participation from prominent angel investors from Indian ...
India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019
In the first quarter (Q1) of the calendar year (CY) 2019, the Indian solar sector received investments totaling $2.8 billion (~₹195.4 billion), according to Mercom’s Q1 2019 India Solar Market ...
In India, Investment in Renewables Surpassed Fossil Fuels During 2018
Global investment in the renewable energy sector has gone up by 55% since 2010, according to the World Investment Report 2019 released by the International Energy Agency (IEA). The report ...
Cleanmax Solar Raises ₹2.75 Billion in Funding to Scale Projects for Corporates
CleanMax Solar, a leading rooftop solar developer, has raised ₹2.75 billion (~ $39 million) in investment from the United Kingdom (UK) Climate Investments LLP (UKCI), which is a joint venture ...
Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy
Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh
The World Bank has approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country. The funding ...
ADB to Invest $155 Million in B.Grimm Power’s Green Bonds for Solar Projects in Thailand
The Asian Development Bank (ADB ) has announced that it will invest 5 billion Thai baht ($155 million) in one of Thailand’s largest private power producers, B.Grimm Power through 5-year ...
Solar PV Deployed at CAGR of 38% from 1998 to 2015: United Nations Report
Global emissions have witnessed a mercurial rise in the recent years. In order to bridge the emissions gap, innovation in the use of existing technologies, promotion of investment in new ...
Indian Rooftop Solar Company Freyr Energy Raises ₹270 Million in Series-A Funding
Freyr Energy, a Hyderabad-based rooftop solar company, has announced raising ₹270 million (~$3.81 million) through a mix of equity and debt investments. The company has more than 1,000 installations across ...
South Korea Plans to Build 4 GW of Solar-Wind Complex
South Korea has announced that it will build a 4 GW solar and wind energy complex on the Saemangeum reclaimed land area in Gunsan. The hybrid complex will be located ...
Saudi Arabia’s Public Investment Fund to Invest $45 Billion in SoftBank for Solar Projects
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), will invest $45 billion in SoftBank to work on several large-scale solar projects, according to Reuters. The announcement was made at ...
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries
The Green Climate Fund (GCF) has approved more than $1 billion funding for new projects and programs to help mitigate climate change in developing countries. This is the world’s largest ...
IFC to Continue Supporting Private Sector Investments in Europe and Central Asia
The International Finance Corporation (IFC) has announced that it has expanded its operations in Europe and Central Asia with investment commitments reaching $2.9 billion. The organization is focusing on driving ...
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018
The Indian solar sector received investments to the tune of $1.86 billion in the second quarter (Q2) of calendar year (CY) 2018 according to Mercom India Quarterly Market Updates. Investments ...
Cypress Creek Renewables Secures $200 Million Equity Investment
Cypress Creek Renewables, a developer and owner of solar generating assets has secured $200 million in equity investment. A group led by Temasek, a global investment company headquartered in Singapore, ...
Apple to Invest $300 Million in China Clean Energy Fund
Apple, a global tech giant has announced it will invest $300 million in the China Clean Energy Fund over the next four years. In a media statement, the company announced ...
SoftBank to Invest $60-100 Billion in India’s Solar Industry
SoftBank Group, a Japanese telecom giant-turned-tech investor, plans to invest $60 to $100 billion in Indian solar projects, according to Japanese public broadcaster NHK. Prime Minister Narendra Modi-led administration has ...
Canada Pension Plan to Start Issuing Green Bonds
The Canada Pension Plan Investment Board (CPPIB), a public pension fund, has announced its foray into green bonds. This would make CPPIB the first pension fund to issue green bonds, ...
Greenko to Raise $447 Million in Equity Funding
Greenko Energy Holdings, a renewable energy project developer, has signed a definitive agreement for raising primary equity of $447 million from an affiliate of GIC and a wholly owned entity ...
Wind World India Limited Invites EoI from Interested Parties for its Resolution Plan
Wind World India Limited (WWIL), a manufacturer and seller of wind energy converters (WECs), has invited Expression of Interest (EoI) from interested parties, seeking a resolution plan for the company ...
UN Report: India Ranked Fourth for New Investments in Renewable Energy in 2017
Developing countries increased their renewable energy investments by more than $74.3 billion to $177.1 billion in 2017, according to a new report by UN Environment in collaboration with the Frankfurt ...
GCL and SoftBank Form a $930 Million JVC to Enter Indian Solar Manufacturing Sector
GCL-Poly Energy Holdings Limited and SoftBank have entered a Memorandum of Understanding (MoU) to establish a joint venture company (JVC) for setting up an integrated solar photovoltaic (PV) manufacturing facility ...
Interview: Commercial and Residential Rooftop Will Thrive Over the Next 5 Years in India
The pace of rooftop solar adoption in India has gathered speed in recent years, particularly during the fourth quarter of 2017. To date, over 1.6 GW of rooftop solar projects ...
