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 ...
Hero Future Energies to Receive $43 Million from IFC for a 250 MW Solar Project in Rajasthan
Clean Solar Power (CSP), a step-down subsidiary of Hero Future Energies Global Ltd. (HFE), is set to receive a debt financing of up to $43.3 million from International Financial Corporation ...
UK Pledges £100m for Improving Electricity Access in Sub-Saharan Africa
The United Kingdom has committed an additional funding of £100 million for the Renewable Energy Performance Platform (REPP) which aims to give a major boost to Sub-Saharan Africa’s small to ...
Government Announces $350 Million Solar Development Fund for Project Financing
The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
IFC Announces Financial Package of $188 million for Jordan’s Largest Solar PV Project
The International Finance Corporation (IFC), a member of the World Bank Group, has arranged a financial package of up to $188 million for the development of a 248 MW solar ...
Interview: Indian Solar Developers Need Accurate Data Sets to Reduce Financing Costs
Solar project developers can reduce the financing costs for their projects by obtaining quality solar irradiance data and accurate generation estimates, according to two executives at companies that provide these ...
MBSB to Provide MYR247 Million (~$59.91 million) in Financing to Develop a 50 MW Solar Project
The Malaysia Building Society Berhad (MBSB) has entered into an agreement with Solar Management (Seremban) Sdn Bhd (SMS) to provide up to MYR247 million (~$59.91 million) in financing to develop ...
$4.2 Billion in Financing Activity in the Indian Solar Sector So Far This Year
In the first three quarters of 2017, the Indian solar sector saw almost $4.2 billion (~₹272 billion) in announced corporate, project funding, and M&A deals, according to the recently released ...
Tenaga Nasional Berhad Secures $79 Million Financing for 50 MW Solar Project
Tenaga Nasional Berhad (TNB), a Malaysian utility company, secured RM339 million (~$79 million) in financing from Affin Islamic Bank Bhd for a 50 MW large-scale solar project in Selangor, Malaysia ...
IDFC Alternatives Raises ₹2.5 Billion
IDFC Alternatives through its India Infrastructure Fund II has raised ₹2.5 billion (~$39 million) through the sale of non-convertible debentures. The fund will be utilized to refinance two solar projects ...