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 […]

ReNew Power secures $390 million from ADB

February 2017

ReNew Power has announced a long-term debt financing of $390 million from ADB. Proceeds from this ADB investment will be utilised by the company to develop and expand capacities in Andhra Pradesh, Gujarat, Jharkhand, Karnataka, […]

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