Are financial institutions (FIs) really the front runners in the Environment, Social, and Governance (ESG) race or the true scene behind the fog is a different story? Over the past few years, ESG has successfully […]
Chara Technologies Private Limited, a Bengaluru-based manufacturer of electric motors for electric vehicles (EV) has raised $4.75 million in a pre-series A round of funding led by the Exfinity Venture Partners. The round also witnessed […]
Suzlon Energy Limited has opened its rights issue on October 11, 2022 to raise up to Rs 12 billion. The entitlement ratio for the rights issue is 5:21 which means five shares for every twenty-one […]
Lightsource bp, a solar project developer, has completed financing for its 210 MW Milagres Solar project in Brazil for $148.7 million. The Northeast Development Fund (Fundo de Desenvolvimento do Nordeste, or FDNE), which is run […]
Husk Power Systems is all set to electrify 80 additional communities in India with $6 million in new debt financing that it has received from the EU- funded Electrification Financing Initiative (EDFI ElectriFI). The project […]
Inox Wind’s board approves to raise up to Rs 8 billion by issuing 0.01 per cent non-convertible non-cumulative participating redeemable preference shares of face value of Rs. 10 each of the company, fully paid up, […]
With the global energy markets in turmoil owing to the lingering impact of the pandemic as well as the distressing Russia-Ukraine conflict, it is indeed a time for the renewable energy sector to shine. However, […]
General Electric (GE), a US- based multinational conglomerate, and Continuum Green Energy (India), a renewable energy project developer, announced the financial completion of GE Energy Financial Services’ acquisition of a 49 per cent stake in […]
BluSmart, an electric ride-hailing platform, has announced that it has raised $50 million, which it plans to use to purchase 5,000 more electric cars and expand its electric vehicle hubs. The funds raised are split […]
The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved the investment of Rs 45.26 billion for 540 MW Kwar Hydro Electric Project located on river Chenab, in Kishtwar district of Union […]
Godawari Green Energy Limited (GGEL) has signed a share purchase agreement with Virescent Renewable Energy Trust (VRET) for the sale of a 50 MW solar thermal power facility owned by GGEL. The overall transaction value […]
Azure Power has announced the successful refinancing of its existing project finance facility of Rs 23.50 billion, which was used to build the company’s largest project of 600 MW. This solar project is connected to […]
SunSource Energy, a solar power firm, has entered into a project financing agreement with SunFunder, an international solar finance company, with an investment to enable its growth in Southeast Asia. The investment will be used […]
The Reserve Bank of India’s Priority Sector Lending (PSL) guidelines require scheduled banks to allocate 40 percent of their total credit to sectors of national priority. Including EVs as a priority sector has the potential […]
India’s renewable energy market is evolving, with the focus shifting from just utility-scale stand-alone wind and solar projects to round-the-clock power, green hydrogen, C&I solar, energy storage and manufacturing. Faced with these changing market dynamics […]
Virescent Renewable Energy Trust (VRET) raised Rs 10 billion in non-convertible debentures (NCD) its debut issuance , which was split into three tranches of three, five, and seven years. This is the first time a […]
The state-run Maharashtra State Power Generation Company (MAHAGENCO) has received approval from the state cabinet to install two solar power projects, one with a total capacity of 187 MW and the other with a capacity […]
As the world progresses to a cleaner, greener, carbon-free future, countries across the globe are undertaking a host of initiatives to meet these goals. These include shutting down thermal plants, promoting electric vehicles, restoring grasslands […]
The year 2020 saw a mix of positives and negatives for renewable energy financing. The downside was a significant decline in debt activity, as Covid-19 worsened the condition of the banking sector and the stream […]
India’s biggest solar parks are being built in states like Karnataka, Telangana, Rajasthan and Gujarat – essentially, in regions with sunshine and vacant arid land. But across the country, transit systems, airports, hospitals, campuses, malls, […]
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