Project Finance Brief: Renewable Developer Bridgelink Secures $200 Million Loan

Project Finance Brief: Renewable Developer Bridgelink Secures $200 Million Loan

From: Mercom Capital Group Bridgelink Power, a developer, constructor, and operator of utility-scale solar and energy storage projects has closed a senior secured revolving credit facility for up to $200 million with Crayhill ...
/ / Finance and M&A, Solar
PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects

PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects

Power Finance Corporation (PFC) and REC Limited, public finance infrastructure companies, have reduced their lending rates by 40 basis points for all types of loans. The companies revised lending rates ...
/ / Other, Renewable Energy
IREDA Launches New Program to Promote Green Mobility

IREDA Launches New Program to Promote Green Mobility

The Indian Renewable Development Agency (IREDA), under the Ministry of New and Renewable Energy, has launched a program to promote the manufacture and deployment of infrastructure for emerging technologies, green ...
/ / Electric Vehicles, Grid
REC Limited to Avail a Loan of $169.5 Million from KfW Bank to Finance Solar Projects

REC Limited to Avail a Loan of $169.5 Million from KfW Bank to Finance Solar Projects

REC Limited, a public infrastructure finance company involved in financing power projects, has entered into an agreement with Germany-based KfW Development Bank to avail official development assistance (ODA) loan of $169.5 million ...
/ / Finance and M&A, Solar
REC Limited’s Loans to Renewable Energy Sector Down 68% YoY in Q2 FY 2022

REC Limited’s Loans to Renewable Energy Sector Down 68% YoY in Q2 FY 2022

REC Limited, a public infrastructure finance company, involved in financing power projects, recorded a 15% year-over-year (YoY) growth in its total income in the second quarter (Q2) of the financial ...
/ / Finance and M&A, Other
Funding and M&A Roundup: ENGIE ESPANA Acquires Spanish Solar Project Developer

Funding and M&A Roundup: ENGIE ESPANA Acquires Spanish Solar Project Developer

From: Mercom Capital Group ENGIE ESPAÑA has acquired Sofos Energía, a company specializing in developing, processing, designing, construction, and operating solar PV projects. With this acquisition, ENGIE consolidates its strategic position in ...
/ / Finance and M&A, Solar
Vector Green Energy Secures ₹11 Billion Loan from IREDA for its Solar Portfolio

Vector Green Energy Secures ₹11 Billion Loan from IREDA for its Solar Portfolio

The Indian Renewable Energy Development Agency (IREDA) has disbursed a loan of ~₹11 billion (~$146.43 million) to Vector Green Energy, a Mumbai-based independent power producer focused on solar and wind ...
/ / Finance and M&A, Solar
Cleantech Solar Secures ₹2 Billion Loan Facility for its Open Access Portfolio in India

Cleantech Solar Secures ₹2 Billion Loan Facility for its Open Access Portfolio in India

Singapore-based solar developer Cleantech Solar has announced the financial close of ₹2 billion (~$26.72 million) senior secured loan facility with NIIF Infrastructure. The loan will be utilized to refinance the company’s portfolio of ...
/ / Finance and M&A, Solar
Maharashtra Cabinet Approves 577 MW of Solar Projects

Maharashtra Cabinet Approves 577 MW of Solar Projects

The Maharashtra Government has approved proposals to develop two solar projects with 577 MW capacity. The Maharashtra State Power Generation Corporation Limited (MAHAGENCO) is expected to develop these projects. The ...
/ / Solar, Utility Scale
SIMA Launches Energy Access Relief Fund to Support Off-Grid Solar Companies

SIMA Launches Energy Access Relief Fund to Support Off-Grid Solar Companies

Social Investment Managers and Advisors (SIMA) has launched the Energy Access Relief Fund (EARF) with a first close of $68 million and a target closing of around $84 million by ...
/ / Markets & Policy, Solar
REC Limited Loans ₹9.51 billion to Renewable Energy Sector in Q1 FY 2022, Up 55% QoQ

REC Limited Loans ₹9.51 billion to Renewable Energy Sector in Q1 FY 2022, Up 55% QoQ

REC Limited has announced the financial results for the first quarter (Q1) of the financial year (FY) 2022. REC is an infrastructure finance company involved in financing power projects. The company ...
/ / Other, Renewable Energy
AIIB Approves $50 Million Loan for Enel Green Energy's 300 MW Solar Project

AIIB Approves $50 Million Loan for Enel Green Energy’s 300 MW Solar Project

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, announced that it has approved a $50 million loan facility to Italy-based Enel Green Power to develop a 300 MW solar project ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ EIB Provides €50 Million to Forsee Power to Expand Battery Business

Daily News Wrap-Up: EIB Provides €50 Million to Forsee Power to Expand Battery Business

Here are some noteworthy cleantech announcements of the day from around the world: The European Investment Bank (EIB) has provided a €50 million (~$60.70 million) loan to Forsee Power, a ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Tata Power Solar Bags ₹12 Billion EPC Order for a 320 MW Solar Project

Daily News Wrap-Up: Tata Power Solar Bags ₹12 Billion EPC Order for a 320 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Solar, a wholly-owned subsidiary of Tata Power, has received a Letter of Award to construct ...
/ / Other, Renewable Energy
Daily News Wrap-Up: India and Uzbekistan Sign MoU for Solar Energy Cooperation

Daily News Wrap-Up: India and Uzbekistan Sign MoU for Solar Energy Cooperation

Here are some noteworthy cleantech announcements of the day from around the world: The Government of India has signed a Memorandum of Understanding (MoU) with Uzbekistan for cooperation in the ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Total Solar Completes a 1 MW Solar Carport Project in Chennai

Daily News Wrap-Up: Total Solar Completes a 1 MW Solar Carport Project in Chennai

Here are some noteworthy cleantech announcements of the day from around the world: Total Solar Distributed Generation, a division of Total, has completed a 1 MW solar project at Renault ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Tata Motors to Deploy its Electric Cars in Haryana

Daily News Wrap-Up: Tata Motors to Deploy its Electric Cars in Haryana

Here are some noteworthy cleantech announcements of the day from around the world: Tata Motors has partnered with the Haryana Renewable Agency to deploy its electric car Nexon EV in ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up_ IFC Approves $265 Million to Promote Electric Vehicles in Brazil

Daily News Wrap-Up: IFC Approves $265 Million to Promote Electric Vehicles in Brazil

Here are some noteworthy cleantech announcements of the day from around the world: Pacific Gas and Electric Company has requested approval from the California Public Utilities Commission for six additional ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Goa’s First Project with Decentralized clean energy Inaugurated

Daily News Wrap-Up: Goa’s First Project with Decentralized Clean Energy Inaugurated

Here are some noteworthy cleantech announcements of the day from around the world: Goa’s Minister for Power and New & Renewable Energy inaugurated the first pilot convergence project with a ...
/ / Other, Renewable Energy
Assam Power Generation Corporation Seeks ₹760 Million Loan for a 25 MW Solar Project

Assam Power Generation Corporation Seeks ₹760 Million Loan for a 25 MW Solar Project

The Assam Power Generation Corporation Limited (APGCL) has invited expressions of interest (EoI) from financial institutions for advancing a term loan to finance a 25 MW solar project in Namrup, ...
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
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