Financings

The Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). IREDA aims to issue 139 […]

The MNRE has proposed to provide Rs 234.5 billion as financial assistance to discoms to facilitate rooftop solar deployment. The proposal entrusts discoms with the implementation of rooftop solar projects and aims to reduce the […]

ReNew Power has acquired 100 per cent stake in KCT Renewable Energy Private Limited (KCTREPL) from the Karm Chand Thapar [KCT] Group for Rs 10 billion. With this, ReNew Power has the ownership of KCTREPL’s […]

CleanMax Solar has received $15 million investment from the International Finance Corporation (IFC) in the form of compulsorily convertible debentures. The funds will be utilised for the construction of CleanMax’s greenfield solar projects across India. […]

The Power Finance Corporation (PFC) issued $400 million of green bonds on the new International Securities Market of the London Stock Exchange on November 29, 2017. The Climate Bonds Initiative-certified green bonds have a tenor […]

Finland’s state-controlled power utility Fortum OYJ has hired Barclays Bank to sell a stake in its operational solar assets in India. All of the projects for which the company is seeking partners are fully operational […]

Greenko has raised Rs 30 billion through the sale of onshore rupee-denominated bonds set to mature in 2027. The bonds have a 10-year tenor and a coupon rate of 8.75 per cent. Moreover, the bonds […]

The US-India Clean Energy Finance initiative will provide $900,000 funding to solar companies in India to encourage the adoption of distributed solar power in the country. The funds can be utilised for a variety of […]

The State Bank of India (SBI) and the World Bank have jointly announced the provision of Rs 23.2 billion in credit facilities for seven Indian solar companies. The funds will be used for developing grid-connected […]

The Government of India and the World Bank have signed a $100 million loan and grant agreement to develop solar park infrastructure in the country. The first component of the funding comprises a $75 million […]

Adani Enterprises Limited (AEL) has announced plans to demerge its renewable energy business into its associate company, Adani Green Energy Limited (AGEL), to simplify the overall business structure of the company. The boards of the […]

Reliance Money, a part of Reliance Commercial Finance Limited, has secured a Rs 3 billion loan from the IREDA. The loan will be used to develop renewable energy and energy efficiency projects in India. To […]

The Indian Energy Exchange’s IPO that opened for subscription on October 9, 2017 received bids for 12.05 million shares on the third and final day of bidding and was over subscribed by 2.28 times. The […]

Oorjan Cleantech has raised $450,000 through online seed funding in which Globevestor, a US-based venture capital firm, is the primary investor. The other investors include a group of senior officials from banks and financial services […]

ACME Solar Holdings has filed preliminary papers with the Securities and Exchange Board of India to raise Rs 22 billion through an initial public offering (IPO) at a face value of Rs 10 per share. […]

The Asian Development Bank (ADB) will fund additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank. The financing approved for the project includes a $500 million government-backed loan as well as […]

The European Investment Bank (EIB) will provide Euro 800 million or nearly Rs 61.3 billion worth of funds for renewable energy investments across India. This includes renewable energy financing in partnership with the Indian Renewable […]

The International Finance Corporation (IFC) has approved a $150 million loan to ACME Jaipur Solar Power Private Limited, a wholly owned subsidiary of ACME Solar, to develop a 250 MW solar project at the Rewa […]

IFC has also granted $150 million loan to Arinsun Clean Energy, a subsidiary of Solenergi Power Private Limited, for the development of its 250 MW solar project at the Rewa solar park in Madhya Pradesh. […]

ReNew Power Ventures has raised $50 million from YES Bank to refinance the debt of the Amba wind power project in Madhya Pradesh. YES Bank will exclusively arrange for funds through the issue of NCD. […]