The Indian Renewable Energy Development Agency (IREDA) and India Infrastructure Finance Company Limited have signed a MoU to fund renewable energy projects. The MoU will enable IREDA and IIFCL to co-finance, co-originate, and syndicate loans […]
Sapphire Technologies, manufacturer and developer of energy recovery systems for natural gas applications and hydrogen, has secured worth $10 million in series B funding. Some of the investors who supported this financing are: Marathon Petroleum, […]
Mahindra Electric Automobile Limited (MEAL), an electric vehicle (EV) subsidiary of Mahindra and Mahindra Limited (M&M) will raise an investment of Rs 12 billion in the form of compulsorily convertible preference shares from Temasek, Singapore-based […]
Waaree Energies Limited, a solar panel manufacturer, has raised Rs 10 billion in its second round of equity funding led by ValueQuest. Adding to the existing capacity of 12 GW, the latest round of funding […]
During the 14th clean energy ministerial and 8th mission innovation meeting in Goa, India, the UK and Australian governments have announced a joint initiative for green hydrogen projects. The two countries will provide funding to […]
Innergex Renewable Energy has received $534 million in construction financing from BNP Paribas, Credit-Agricole CIB, and Export Development Canada for the construction of a 329.8MW Boswell Springs wind farm in Albany County, Wyoming. Mortenson, a […]
World Bank’s Board of Executive Directors approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and […]
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 […]
Husk Power Systems, a solar microgrid operator has received a loan worth $750,000 from the German Investment Corporation – Deutsche Investitions- und Entwicklungsgesellschaft (DEG). This loan has been taken to support the company’s expansion of […]
ElectricPe, a Bengaluru-based electric vehicle (EV) charging aggregation platform has closed a $5 million pre-series round. This funding round has raised the total capital in the last 12 months to $8 million. The funds will […]
CleanMax Enviro Energy Solutions (CleanMax), based in Mumbai has collaborated with Meta to invest in 33.8 MW of new renewable energy projects in India. The projects consist of 21.6 MW of wind power and 12.2 […]
ABB E-mobility, a company based for electric vehicle (EV) charging solutions, announced that it has signed a pre-IPO private placement of approximately CHF200 million for newly issued shares led by new minority investors. The transaction […]
Israel-based Econergy Renewable Energy has secured $ 250 million in financing from RGreen Invest, a French asset manager to promote its investments in renewable energy projects across Europe. RGreen Invest will provide Euro 87.5 million […]
SolarSquare, a B2C solar products startup has raised Rs 1 billion in Series A funding led by Elevation Capital and LowerCarbon, billionaire venture investor Chris Sacca’s climate-tech fund. The company stated that it intends to […]
Waaree Energies Limited has raised Rs 10 billion in primary funding from a variety of investors. The promoters took part in this equity raise at the same price. The proceeds will be further used to […]
Intersect Power, a renewable energy company based in the US, has secured $2.4 billion in financing commitments for four solar photovoltaic (PV) energy projects and a battery energy storage system (BESS) portfolio. The combined capacity […]
Yulu, an electric mobility start-up has raised Rs 6.53 billion in a funding round led by US-based Magna International Incorporation. The round witnessed participation from existing investors such as Bajaj Auto Limited. The funds raised […]
BiofuelCircle, a digital platform for green fuels based in Pune, has raised $0.75 million in its second round of seed funding. The funding round was led by various financiers including Spectrum Impact, Better Capital. The […]
Tata Power has signed a binding agreement with a consortium comprising BlackRock Real Assets and Mubadala Investment Company as co-investors to raise Rs 40 billion for its renewable energy platform. This investment will be by […]
India’s power sector is advancing rapidly with increasing penetration of clean energy sources in its portfolio. Between 2014 and 2021, the Indian renewable energy sector received over Rs 5.2 trillion in investments. Despite the slowdown […]
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