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 ...
OPIC Provides Initial Financing for SunFunder’s $85 Million Solar Energy Transformation Fund

OPIC Provides Initial Financing for SunFunder’s $85 Million Solar Energy Transformation Fund

The Overseas Private Investment Corporation (OPIC) has made an initial investment into SunFunder’s $85 million (~₹6.04 billion) Solar Energy Transformation Fund. The fund supports electricity access through the use of ...
/ / Finance and M&A, Solar
ReNew Power Gets $350 Million in Debt Financing from OPIC to Scale Solar and Wind Projects

ReNew Power Gets $350 Million in Debt Financing from OPIC to Scale Solar and Wind Projects

ReNew Power has secured fresh debt financing of up to $350 million (~₹24.91 billion) from the Overseas Private Investment Corporation (OPIC). The funds will be utilized by ReNew Power to support ...
/ / Markets & Policy, Solar
MAHAGENCO Invites EoI to Set up Solar Manufacturing Unit in Maharashtra

OPIC provides $5.8 million to Solar Installation Company CrossBoundary Energy in Africa

The Overseas Private Investment Corporation (OPIC), a United States Government agency, has provided 600 million shillings (~$5.86 million) to CrossBoundary Energy, a Nairobi-based company which funds commercial and industrial solar ...
/ / Markets & Policy, Solar
Off-Grid Solar Market Remains Buoyant Despite 7% Dip in Sales

OPIC Commits $25 Million for the Expansion of Off-Grid Solar in Asia and Africa

The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, has committed $25 million in financing to the Solar Energy Transformation Fund LLC, which will provide loans to ...
/ / 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
IFC to Invest $150 Million in Aditya Birla Finance

Orb Energy Raises $15 Million from FMO and OPIC

The solar firm Orb Energy has raised over $15 million (~₹954 million) in equity and debt to expand its in-house finance facility of rooftop solar projects for Small- and Medium-sized ...
/ / Finance and M&A, Solar
USICEF to Provide Grants for Distributed Solar in India

USICEF to Provide $900,000 in Grants for Distributed Solar in India

The US-India Clean Energy Finance (USICEF) initiative is set to provide $900,000 in grants to companies involved in India’s solar sector as part of an effort to catalyze the adoption ...
/ / Rooftop, Solar
US Power Grid

United States to Provide $7.5 Million for Enhancement of India’s Power Grid

The United States will provide India with $7.5 million to improve the national grid. The fund is provided by Department of Energy (DOE), United States Government, and will go towards ...
/ / Grid, T&D
Clean Energy Finance

OPIC and MNRE Launch $20 Million US-India Clean Energy Finance Facility Initiative

The Government of India and the Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, has launched the US-India Clean Energy Finance (USICEF) Facility Initiative with $20 million ...
/ / Grid, Utilities
OPIC and ReNew Power Commit $74 Million to Set Up a 100 MW Solar Project in Telangana

OPIC and ReNew Power Commit $74 Million to Set Up a 100 MW Solar Project in Telangana

The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and ReNew Power, a solar and wind power producer, have signed a commitment of approximately $74 million to set up ...
/ / Solar, Utility Scale
India Gigawatt Club

Will India join the ‘Gigawatt Club’ this year?

Indian Solar Market Update – 1st Quarter 2012 By: Raj Prabhu, Managing Partner, Mercom Capital Group After over two years of policy deliberations and growing pains, India is finally seeing ...
/ / Solar