EIB approves Euro 200 million loan to SBI

April 2017

The European Investment Bank (EIB) has approved a Euro 200 million, 20-year loan to State Bank of India, which will be used to develop large-scale solar projects in India. The loan will support a total […]

Ostro plans to raise additional funds

April 2017

Ostro Energy, the renewable energy subsidiary of private equity firm Actis, is planning to raise Rs 16.6 billion through bonds. The company currently has over 350 MW of wind and solar projects, contracted or under […]

ADB provides $175 million loan to PGCIL

April 2017

ADB has approved a $175 million loan to the Power Grid Corporation of India Limited (Powergrid) to expand its solar power transmission network across the country. Further, ADB will provide a $50 million co-financing loan […]

ADB grants $200 million to EESL

April 2017

The Asian Development Bank (ADB) has granted a loan of $200 million to Energy Efficiency Services Limited (EESL) to finance energy efficient lights and water pumps in India. EESL will provide loans to municipalities for […]

IREDA sets lower targets for 2017-18

March 2017

The Indian Renewable Energy Development Agency has seen a massive reduction in the estimated lending target for 2017-18. The borrowing target for 2017-18 has been set at Rs 80.43 billion, which is 34 per cent […]

Actis Capital raises $2.75 billion of funds

March 2017

Private equity fund, Actis Capital has raised nearly $2.75 billion of funds and the company has reserved about $500 million for investing in solar and wind projects in India. Actis Capital had recently acquired Solairedirect […]

ADB to provide a $500 million loan to Powergrid

March 2017

The Asian Development Bank (ADB) has signed an agreement to provide a $500 million loan to Power Grid Corporation of India Limited (Powergrid) for the development of Green Energy Corridors. The funds will help Powergrid […]

IDFC lends Rs 6.75 billion to Solairedirect Energy

March 2017

The Infrastructure Development Finance Company (IDFC) has lent Rs 6.75 billion in a 70:30 debt-equity ratio to a solar project in Rajasthan owned by Solairedirect Energy, India. The project is being developed at Bhadla in […]

IDFC Alternatives looks to exit Mytrah Energy

February 2017

IDFC Alternatives, the asset management arm of IDFC Limited, is looking to exit its investment in Hyderabad-based renewable energy firm Mytrah Energy India, ahead of the company’s IPO. Mytrah is learnt to have started preparations […]

JERA acquires 10 per cent in RenNew Power

February 2017

Japan-based power company JERA, a JV between Tokyo Electric Power and Chubu Electric Power, has acquired a 10 per cent stake in ReNew Power Ventures for $200 million. With this latest round of investment, the […]

IFC to invest Rs 1 billion in CleanMax

February 2017

The International Finance Corporation (IFC), which is the private sector investment arm of the World Bank, is looking to invest about Rs 1 billion in renewable energy company CleanMax Enviro Energy Solutions. The latter will […]

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