Financings

Punjab National Bank (PNB) has signed a MoU with SwitchON Foundation, a West Bengal-based not-for-profit organisation to facilitate solar pump financing for small and marginal farmers. According to the agreement, SwitchON Foundation will set up […]

International Finance Corporation (IFC) plans to provide about $50 million in the form of debt financing for the development of the 300 MW Thar Surya solar project. The project will be located in Bikaner region […]

As per the Ministry of Power, the distribution companies have outstanding dues of about Rs 123.45 billion to renewable energy developers as of February 2021. These payments are across 206 pending invoices and exclude disputed […]

Adani Green Energy has completed acquisition of a 100 per cent stake in Spinel Energy & Infrastructure from Hindustan Cleanenergy and Peridot Power Ventures. The total value of the deal is estimated at Rs 1.33 […]

Japan International Cooperation Agency (JICA) has signed a loan agreement with Tata Cleantech Capital Limited (TCCL), an Indian non-banking financial company. The financing for a maximum amount of JPY 10 billion will help support TCCL […]

Power Exchange India Ltd (PXIL)launched the Green-Term Ahead Market (GTAM) on its transaction platform on March 24, 2021 after receiving approval for the same from the Central Electricity Regulatory Commission (CERC) on March 19, 2021. […]

Adani Green Energy Limited (AGEL) has announced that it is set to acquire operational solar assets with a cumulative capacity of 75 MW in Telangana from Sterling and Wilson, a subsidiary of the Shapoorji Pallonji […]

The Philippines-based AC Energy and its partner UPC Solar Asia Pacific have announced financial closure for their 100 MW Sitara Solar Farm in Rajasthan. The project has an estimated cost of $67 million and it […]

Adani Green Energy Limited (AGEL) has announced that it raised a $1.35 billion debt package for its renewable asset portfolio which is currently under construction. Further, the company has signed definitive agreements with international lenders. […]

Japanese financial services company, Orix Corporation reported the completion of the acquisition of a 21.8 per cent stake in Greenko Energy Holdings for about $961 million. As per the agreement, Orix will also add 873 […]

Moradabad Smart Cityhas floated a request forproposal to install 25 solar-based waterATMs to provide safe drinking water in the city. Developers will be required to carry out the design, construction, installation, and operation of the […]

On receiving Competition Commission of India’s (CCI) approval, Siemens has acquired C&S Electric for Rs 21 Billion. As per the deal,  Siemens has completed the acquisition of 99.22 per cent equity shares of C&S Electric […]

MYSUN a rooftop solar firm is set to invest Rs 6 billion to develop a 200 MW solar portfolio of the first phase of its recently launched asset vehicle. This upcoming venture will provide solar […]

ReNew Power has announced a merger with RMG Acquisition Corporation II to become a publicly listed company in the NASDAQ. The deal with the United States-based special-purpose acquisition corporationwas backed by Goldman Sachsand recorded an […]

Solavio Labs, an Indian start-up that develops robotic technologies to clean solar panels, has announced that it has raised Rs 4 million in funding from a Canadian innovation fund. This announcement takes the start-up’s total […]

Solar manufacturer, Premier Energies has announced that it will be setting up a new module manufacturing facility in E-city,  Hyderabad. The project will have a module manufacturing capacity of 1.5 GW and will be set […]

Eden Renewables India has announced financial closure for its 450 MW solar project in Rajasthan. The project raised $165 million in finance three major international banks contributing. The solar project was financed through a green […]

The United Kingdom’s development finance institution, CDC group has announced a $30 million credit facility to Tata Cleantech Capital. The deal marks the first green loan facility which has been offered by the CDC group. […]

Gegadyne Energy Labs, a company specialising in quick battery charging technology, has announced that it has raised Rs 334 million from V-Guard Industries in a ‘Series A’ round of investments. The company announced that the […]