For its round-the-clock (RTC) renewable energy project in India, Serentica Renewables has successfully secured its first foreign currency loan of Rs 35 billion from commercial and international banks. In a historic first for the Indian […]
SJVN Limited announced that it has successfully obtained a construction finance facility of Rs 100 billion from a consortium of prominent domestic and international lenders to support its upcoming renewable power projects. SJVN Green Energy […]
Adani Green Energy Limited (AGEL) is set to raise 93.5 billion by issuing warrants to its promoters, including Ardour Investment Holding and Adani Properties, at a rate of Rs 1,480.75 per share through preferential allotment. […]
KPI Green Energy Limited announced that it has raised Rs 3 billion through qualified institutional placement (QIP) route. With a floor price of Rs 1,245 and an issue price of 1,183 per equity share, the […]
Finayo, a Gurugram-based company specialising in financing and asset management for electric vehicles (EVs), has successfully raised a funding amount of Rs 160 million. The funding comes from F Mec International Financial Services, Choice Finserv […]
Sterling and Wilson Renewable Energy Limited (SWREL) announced that it has raised Rs 15 billion through qualified institutions placement (QIP) route. On December 14, 2023, the Securities Issuance Committee of the board of directors approved the […]
BluPine Energy has achieved financial closure for its 120 MW solar project. Located in Gujarat, the project was secured through Gujarat Urja Vikas Nigam Limited (GUVNL) 16 tender. The project’s green loan funding of Rs […]
In accordance with the government’s Revamped Distribution Sector Scheme (RDSS), REC Limited and KfW have inked a $215 million financing agreement to improve the distribution infrastructure of distribution companies (discoms). This signifies REC’s sixth credit […]
IndiGrid has secured Rs 6.7 billion through a SEBI-compliant institutional placement (IP) process. Initiated on December 5, 2023, the IP process witnessed significant interest from both established and new institutional investors in India and around […]
The Indian Renewable Energy Development Agency (IREDA) has introduced its retail segment, with the goal of increasing the focus on lending to consumers in Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme, rooftop […]
Alpex Solar Limited has revealed the submission of its draft red herring prospectus (DRHP) with NSE emerge. The offering includes a new issuance of 64,80,000 equity shares, each with a face value of Rs 10 […]
The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and reliability of the power supply in Uttarakhand, India. This project will assist Uttarakhand in realising its objective of […]
Adani Green Energy Limited (AGEL) has revealed additional funding of $1.36 billion to enhance its construction financing framework to $3 billion. This financial boost has been supported by a group of international banks. The green […]
The UK’s development finance institution and impact investor, British International Investment (BII), has committed $25 million to the first closing of the GEF South Asia Growth Fund III (GEF SAGF III). The Fund will primarily […]
At COP28, ReNew Energy Global Plc and Asian Development Bank (ADB) signed MoU to work together on projects focused on mitigating and adapting to climate change. The MoU encompasses projects with a total investment exceeding […]
The Asian Development Bank (ADB) has given its approval for a $250 million policy-based loan aimed at enhancing the financial sustainability of India’s power sector and promoting the transition towards renewable energy. This policy-based loan […]
In order to assist the nation’s low-carbon, climate-resilient development, the Climate Finance Leadership Initiative (CFLI), India has unveiled climate financing solutions with the potential to raise approximately $6.5 billion. The declaration took place during the […]
Baaz Bikes has secured $8 million in series A funding round. BIG Capital spearheaded the funding round, with involvement from Rakuten Capital, and ongoing support from existing investors including Kalaari Capital, 9Unicorns, and Sumant Sinha. A […]
World Bank has signed a $200 million project with the government of India and the government of Himachal Pradesh to facilitate power sector reforms and increase the share of renewable energy in Himachal Pradesh’s electricity […]
EverSource Capital-backed Radiance Renewables Pvt. Ltd. has secured a green loan project finance facility for its 150 MW (AC) greenfield commercial and industrial (C&I) solar power project located in Maharashtra. The company has an operating […]
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