Financings

Fotowatio Renewable Ventures (FRV) Private Limited has raised $29 million in non-convertible debentures from the International Finance Corporation (IFC) to fund 100 MW of solar projects in India. FRV is developing two solar projects of […]

NTPC has floated its second five-year masala bond offering for Rs 20 billion in the international markets. This is the eighth offering under the company’s Rs 256.8 billion medium-term note (MTN) programme since 2006, taking […]

NTPC has raised Rs 20 billion through the issue of green masala bonds in the overseas market under its $4 billion medium-term note programme. The proceeds of the bonds will be used for financing renewable […]

Infrastructure asset management fund Macquarie Infrastructure and Real Assets, managed by Australia’s Macquarie Group, is in talks with Hindustan Power Projects Private Limited (HPPPL) to acquire 320 MW of its solar power assets for about […]

The Atria Power Corporation is reportedly in talks with Piramal Enterprises Limited to raise structured debt worth Rs 6.48 trillion. Atria Power is looking to expand its capacity and repay investors with the raised funds. […]

Solar engineering, procurement and construction firm Oriano Solar has raised Series A funding of Rs 200 million from the Samridhi Fund, which is managed by SIDBI Venture Capital Limited. The investment is a mix of […]

Japan-based Mitsui Group is planning to invest in India’s clean energy sector. With solar and wind tariffs touching a record low due to falling equipment prices and competitive capital there is increased international investor interest […]

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 […]

Actis Capital, a private equity fund, has raised Rs 183.25 billion, of which it is planning to invest Rs 33.31 billion in India’s wind and solar projects. Initially, the company had expected to raise Rs […]

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 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 […]

The World Bank has approved funds worth $100 million for the development of solar parks in India. The funds include a $75 million loan from the International Bank for Reconstruction and Development that will mature […]

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 […]

The World Bank Group is planning to provide a $100 million debt towards the development of transmission infrastructure at the Rewa Solar Park in Madhya Pradesh. Reportedly, 25 per cent of the 40-year loan will […]

AMPL Cleantech, the renewable energy subsidiary of the Atha Group, has commissioned a 10 MW solar photovoltaic (PV) plant near Chitradurga district in Karnataka. With this, AMPL Cleantech has achieved a solar capacity of 200 […]

Madhav Infra Projects is planning to sell 34 MW of its solar power assets. The company values its solar business at about $45 million. Madhav Infra Projects was among the early entrants in the solar sector […]

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 […]

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 […]

The Inox Group has agreed to sell its 260 MW operating wind farms to Leap Green Energy for an undisclosed amount. Inox Renewables, a wholly owned subsidiary of Gujarat Fluorochemicals and Inox Renewables (Jaisalmer), a […]

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 […]