Green bonds have emerged as an important financing instrument for renewable energy and other environmentally friendly projects in India. A green bond is a fixed-income financial instrument where the proceeds are used to fund projects […]
REC Limited declared a successful fundraising of approximately Rs 35 billion through the green bonds’ issuance. Under its global medium-term notes programme of $10 billion, the company issued its first set of green bonds totaling […]
By Sarthak Takyar For both global and domestic investors, India remained a priority market for renewable energy growth in 2022, aided by the ambitious climate targets set by the Indian government, supportive policies and rich […]
‘Green financing’ is a structural financial activity that seeks to improve environmental outcomes of projects. It can be in the form of loans, debt mechanisms or investments that are channelled to those projects which limit […]
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 […]
ReNew Energy Global Plc announced that its wholly owned subsidiary, Diamond II Limited, has raised $400 million through the issue of senior secured green bonds. The green bonds received strong demand from investors in US, […]
To achieve its net zero goals, India is focusing on generating additional global financial resources. To lower the carbon emissions of the economy, the union budget for 2022-23 announced the issuance of sovereign green bonds […]
The Reserve Bank of India (RBI) announced that it will auction Rs 160 billion in sovereign green bonds in two tranches in the Indian government’s first-ever such debt sale to raise funds for clean-energy projects. […]
With climate change and environment, social and governance (ESG) themes dominating the investor landscape, the interest in green bonds is increasing in India. Recently, the Indian government announced plans to issue green bonds for the […]
Avaada Energy, India’s leading solar project developer, has announced that it will raise Rs 14.4 billion in green bonds in the Indian capital market at a rate of 6.75 per cent, making it the country’s […]
In 2021, India has seen considerable financial activity in the green energy sector, both on the equity as well as debt fronts. While there was growth in debt financings, the financial activity was largely concentrated […]
The Indian Renewable Energy Development Agency (IREDA) has unveiled plans for an initial public offering of new equity shares and issuance of green bonds in both domestic and international markets to mobilise capital for lending. […]
The Power Finance Corporation Ltd (PFC) has issued its 7-year Euro Bond, which is a green bond on September 13, 2021, raising Euro 300 million. This is India’s debut Euro-denominated green bond issuance and is […]
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 […]
Adani Green Energy Limited (AGEL) issued its first ListCo senior green bond, raising $750 million. The bonds will have a three-year tenor at a rate of 4.375 percent. The funds will be used to pay […]
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 […]
With the Covid-19 crisis casting a shadow over new investment plans, lenders remained wary in 2020, especially on account of a liquidity crunch owing to banking sector issues, and regulatory and contractual uncertainties in the […]
In November 2017, state-owned Power Finance Corporation (PFC) raised $400 million through its maiden green bond issue. The company listed its 10-year Reg S Green Bond on the London Stock Exchange’s (LSE) International Securities Market […]
YES Bank had committed to finance 5,000 MW of renewable energy projects at the RE-INVEST Summit 2015 and to mobilise climate finance of $5 billion by 2020 at the 2015 United Nations Climate Change Conference, […]
The government’s ambitious renewable energy capacity target of 175 GW by 2022 is accompanied by an equally large demand for capital to finance these projects. According to the Climate Bonds Initiative (CBI), $189 million of […]
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