Daily News Wrap-Up_ ADB Approves $600 Million Loan to Indonesia for Renewables

Daily News Wrap-Up: ADB Approves $600 Million Loan to Indonesia for Renewables

Here are some noteworthy cleantech announcements of the day from around the world: Royal DSM announced the launch of the all-purpose Endurance Backsheet D15. The newly launched Endurance Backsheet protects ...
/ / Other, Renewable Energy
ADB Offers Over $10 Million to the Maldives to Swap Diesel-Based Grids with Renewables

ADB Offers Over $10 Million to the Maldives to Swap Diesel-Based Grids with Renewables

The Asian Development Bank (ADB) announced that it approved a concessional loan worth $7.74 million and a project grant worth $2.73 million to advance the existing 'Preparing Outer Islands for ...
/ / Other, Renewable Energy
ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System

ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System

The Asian Development Bank (ADB) announced that it has approved a $132.8 million loan to modernize the power distribution network in Meghalaya. The loan will be utilized to support a ...
/ / Grid, Market & Policy
REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues

REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues

REC Limited has approved a ₹27.9 billion (~$380.9 million) loan to the Jammu Kashmir Power Corporation Limited (JKPCL) under the liquidity infusion program of the Indian Government’s Aatmanirbhar Bharat initiative. The ...
EIB to Provide $3.55 Billion for Renewable Expansion in Europe and Beyond

EIB to Provide $3.55 Billion for Renewable Expansion in Europe and Beyond

The European Investment Bank (EIB) announced that it would provide €3 billion (~$3.55 billion) for renewable energy projects across Europe and around the globe. This would be a part of ...
/ / Finance and M&A, Other
ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

The Asian Development Bank (ADB) and  ENGIE have signed a long-term loan agreement worth ₹4.66 billion (~ $65.6 million) to develop and operate a 200 MW (AC) solar project in ...
/ / Finance and M&A, Solar
Blackstone to Invest $300 Million in Residential Solar Loans Through Loanpal

Blackstone to Invest $300 Million in Residential Solar Loans Through Loanpal

Loanpal, a U.S.-based financial technology company, announced that in residential solar loans on the Loanpal platform. According to the press release, Blackstone, a U.S.-based global investment firm, will invest through ...
/ / Finance and M&A, Solar
DBS Bank Loans $29 Million To Sembcorp for a 60 MW Floating Solar Project

DBS Bank Loans $29 Million to Sembcorp for a 60 MW Floating Solar Project

Singapore-based DBS Bank announced that it had provided a 40 million Singapore Dollar (~$29.29 million) loan to Sembcorp Industries to build one of the world’s largest floating solar photovoltaic (PV) ...
/ / Floating Solar, Solar
IFC to Provide $25 Million Loan to Facilitate Green Financing in Nepal

IFC to Provide $25 Million Loan to Facilitate Green Financing in Nepal

The International Finance Corporation (IFC), the financial arm of the World Bank Group, has announced that it will provide a loan of $25 million to NMB Bank, one of Nepal's ...
/ / Finance and M&A, Other
L&T Infrastructure Finance Receives $50 Million from AIIB to Fund Renewable Projects

L&T Infrastructure Finance Receives $50 Million from AIIB to Fund Renewable Projects

L&T Infrastructure Finance Company Limited (LTIF), an Indian non-banking financial company (NBFC), announced that it had received the first $50 million (~₹3.72 billion) of a $100 million (~₹7.43 billion) external ...
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