Cleantech Solar Receives $75 Million Green Loan to Help Set Up 500 MW of Solar Projects

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 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 ...
/ / Rooftop, Solar
ADB Grants ₹346 Million Loan towards Rural Electrification in Maharashtra

ADB Grants ₹346 Million Loan towards Rural Electrification in Maharashtra

The Asian Development Bank (ADB) announced that it had approved a $346 million (~₹26.92 billion) loan to India to help provide efficient and reliable power to rural agriculture customers in ...
Fourth Partner Receives ₹5 Million Loan to Provide Solar for Non-Profit Entities

Fourth Partner Receives ₹5 Million Loan to Provide Solar for Non-Profit Entities

Fourth Partner Energy, an Indian distributed solar energy firm, has received a loan of ₹5 million (~$67,167), from Grameen Impact India (GIII), a non-banking finance corporation (NBFC) registered under the ...
IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

The International Finance Corporation (IFC), the financial wing of the World Bank Group, and Massader, a subsidiary of the Palestine Investment Fund (PIF), announced that they signed a loan agreement ...
NTPC Raises $750 Billion Syndicated Loan to Reduce Emissions from Power Projects

NTPC Raises $750 Million Syndicated Loan to Reduce Emissions from Power Projects

The National Thermal Power Corporation (NTPC) announced that it had raised a syndicated loan worth $750 million (~₹53.5 billion) in Japanese Yen to fund capital expenditure for the installation of ...
/ / Other Energy
IFC to Lend $36 Million to Mahindra Renewables for a 250 MW Solar Project in Rajasthan

IFC to Lend $36 Million to Mahindra Renewables for a 250 MW Solar Project in Rajasthan

The International Finance Corporation (IFC), the financial arm of the World Bank, has announced its plan to lend $36 million (~₹2.57 billion) for a 250 MW solar project by Mahindra ...
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 ...
Bank of America Lends ₹3.56 Billion to Distributed Solar Company Fourth Partner Energy

Bank of America Lends ₹3.56 Billion to Distributed Solar Company Fourth Partner Energy

The Bank of America (BofA) has announced its plans to lend ₹3.56 billion (~$50 million) to Fourth Partner Energy, a distributed solar energy management company. The amount is a local currency revolving ...
ADB Grants $451 Million Loan to Boost Power Transmission Capacity in Tamil Nadu

ADB Grants $451 Million Loan to Boost Power Transmission Capacity in Tamil Nadu

The Asian Development Bank (ADB) has sanctioned a $451 million (~₹31.77 billion) loan to the state of Tamil Nadu for a project that will enable better power transfer between the ...
/ / Grid, T&D
World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

The World Bank has approved $300 million in loans for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilization of renewable energy. “This project ...
/ / Finance and M&A, Other
EXIM Bank Approves $83 Million Loan for Financing of 35 MW of Solar Projects in Congo

EXIM Bank Approves $83 Million Loan for Financing of 35 MW of Solar Projects in Congo

The Export-Import Bank of India (EXIM Bank) has approved $83.11 million financing for the installation of three solar projects in the Democratic Republic of the Congo with a total capacity ...
/ / Markets & Policy, Solar
Solar Developers Win Four Project Commissioning Delay Cases in Telangana

African Development Bank Approves $18 Million Loan for a 50 MW Solar Project in Kenya

The African Development Bank (AfDB) has approved a senior loan of $18.17 million for the development of 50 MW Kopere solar power project in Nandi County, Kenya. The project also ...
/ / Finance and M&A, Solar
Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act

EBRD to Lend $265 Million to Jordan to Develop its Grid for Renewable Energy Integration

The European Bank for Reconstruction and Development (EBRD) has said it will provide $265 million long-term loan to Jordan’s National Electric Power Company (NEPCO). The fund will be used to improve ...
/ / Other, Renewable Energy
Gujarat High Court Gives Go-Ahead to GUVNL’s 500 MW Wind Auction

Abu Dhabi Fund Commits $50 Million for IRENA-Recommended Renewable Projects

The Abu Dhabi Fund for Development (ADFD) has committed $50 million for renewable energy projects that are recommended by International Renewable Energy Agency (IRENA). The ADFD and IRENA have invited ...
/ / Other, Renewable Energy
IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects

IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a €40 million (~$46.2 million) subordinated loan to Attijari bank Tunisia, which is a private bank ...
/ / Markets & Policy, Solar
SECI Scraps 300 MW Solar Capacity Awarded to Adani Green

Sri Lanka Secures $50 Million Loan Facility from ADB to Develop Rooftop Solar

The Ministry of Finance and Mass Media in Sri Lanka has announced that it has entered into an agreement with the Asian Development Bank (ADB) wherein the bank will loan ...
/ / Markets & Policy, Solar
JA Solar Receives $68.4 Million Loan for a 1.5 GW Solar Wafer Factory in Vietnam

JA Solar Receives $68.4 Million Loan for a 1.5 GW Solar Wafer Factory in Vietnam

JA Solar Vietnam, a wholly-owned subsidiary of Chinese solar manufacturer JA Solar, has completed a long-term buyer credit loan agreement of $68.4 million from China Minsheng Bank Corporation Limited. The ...
/ / Markets & Policy, Solar
OPIC Provides $5 Million Loan Guarantee to Grameen Impact Through IndusInd Bank

OPIC Provides $5 Million Loan Guarantee to Grameen Impact Through IndusInd Bank

The Overseas Private Investment Corporation (OPIC), a U.S. government agency, has signed a $5 million loan guarantee with India’s IndusInd Bank. The money will support Grameen Impact, a non-bank financial ...
/ / Other, Renewable Energy
REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years

REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years

The Rural Electrification Corporation (REC), a public sector unit of the government of India involved in financing all segments of the power sector, plans to increase loan disbursements for the ...
World Bank to Provide $300 Million to EESL for India’s Energy Efficiency Program

World Bank to Provide $300 Million to EESL for India’s Energy Efficiency Program

The World Bank has announced that it will provide $220 million in loans and a $80 million guarantee to India’s Energy Efficiency Services Limited (EESL). The funds will be utilized ...
IREDA’s Gross NPAs Rose to 6 Percent in FY 2016-17

IREDA’s Gross NPAs Rose to 6 Percent in FY 2016-17

The Indian Renewable Energy Development Agency (IREDA)’s gross non-performing assets (NPAs) rose to 6.01 percent of its total assets in the financial year (FY) 2016-17. The net NPAs of IREDA ...
/ / Markets & Policy, Solar
Power Minister Directs REC & PFC Not to Give Loans to DISCOMs With Heavy Losses

Power Minister Directs REC & PFC Not to Give Loans to DISCOMs With Heavy Losses

Power Minister R.K. Singh has directed Rural Energy Corporation (REC) and Power Finance Corporation (PFC) to not grant loans to distribution companies (DISCOMs) which are making heavy losses (above 15 ...
Saudi Arabia’s Zahid Group Acquires 50 Percent Stake in Greencells Group

ADB to Provide $235 Million Loan for Renewable Projects in ASEAN

The Asian Development Bank (ADB) has agreed to provide a $235 million loan to B. Grimm Power Public Company Limited for the expansion of renewable energy projects in the member ...
/ / Finance and M&A, Solar
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