MNRE to Set Up a Project Development Cell to Attract Investment in Renewables

MNRE to Set Up a Project Development Cell to Attract Investment in Renewables

The Ministry of New and Renewable Energy (MNRE) has issued an order for setting up a Project Development Cell (PDC) within the Ministry as per the central government’s specifications. The ...
UK’s Asset Management Fund to Foray into India’s Energy Efficiency Market

UK’s Asset Management Fund to Foray into India’s Energy Efficiency Market

EnergyPro Asset Management Limited (EPAM), a U.K.-based company, is set to raise £2 million (~$2.5 million) in equity funding to bridge energy transitions in the U.K. and India through technology ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in the Indian solar industry totaled $970 million (~₹72.9 billion) in the first quarter (Q1) of 2020, according to Mercom’s Q1 2020 India Solar Market Update. Investments were 66% ...
IRENA Invites Developers to Register Projects on its Climate Investment Platform

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 ...
Sunseap Raises $80 Million to Support Solar Projects Across Asia

Sunseap Raises Over $71 Million to Support Solar Projects Across Asia

Sunseap Group, a Singapore-based renewable solutions provider, has raised 100 million in Singapore dollars (~$71.79 million) in its fourth round of fund-raising from Banpu, a publicly listed company on the ...
/ / Finance and M&A, Other
CDC Group has Allocated $10 Million to Boost Solar Power in South Africa and Namibia

CDC Group has Allocated $10 Million to Boost Solar Power in South Africa and Namibia

CDC Group, a U.K. government-owned financial development institution, has announced that it plans to invest £2 billion (~₹184.41 billion) in African businesses over the next two years to double the ...
AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million

AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million

The African Development Bank (AfDB) recently announced that the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) reached its final equity close target of $59 million (~₹4.17 billion) ...
AIIB Approves $65 Million Loan for Hero Future Energies’ Solar Project in Jodhpur

AIIB Approves $65 Million Loan for Hero Future Energies’ Solar Project in Jodhpur

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, has announced that its board of directors has approved a $65 million (~₹912,896) loan for a 250 MW solar power ...
ADB, GCF, and Australia Together Pledge $44.6 Million for Tonga’s Renewable Expansion

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 ...
/ / Other, Renewable Energy
Evolution II Fund Secures Another $87.75 Million for Clean Energy Access in Africa

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 ...
/ / Finance and M&A, Solar
IAN Fund Invests ₹124 Million in a Startup Providing Solar Panel Cleaning Solutions

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 ...
/ / Finance and M&A, Solar
India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

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 in 2017

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 ...
MNRE Asks Implementing Agencies to Adhere to Grid-Connected Rooftop Solar Guidelines

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 ...
/ / Finance and M&A, Solar
Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

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 ...
/ / Finance and M&A, Solar
World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

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 ...
SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar

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 ...
/ / Finance and M&A, Solar
Solar PV Deployed at CAGR of 38% from 1998 to 2015: United Nations Report

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 ...
/ / Markets & Policy, Solar
Indian Rooftop Solar Company Freyr Energy Raises ₹270 Million in Series- A Funding

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 ...
/ / Finance and M&A, Solar
South Korea Plans to Build 4 GW of Solar-Wind Complex

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 ...
/ / Markets & Policy, Solar
Saudi Arabia and SoftBank Ink Deal to Develop World's Largest Solar Project

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 ...
/ / Markets & Policy, Solar
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

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 ...
/ / Other, Renewable Energy
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

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 ...
/ / Markets & Policy, Solar
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

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 ...
/ / Finance and M&A, Solar
Cypress Creek Renewables Secures $200 Million Equity Investment

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