Solar Energy Finance News

bp Commits USD 70 Million in India’s Green Growth Equity Fund

bp will invest USD 70 million into the Green Growth Equity Fund (GGEF) in India. The fund is focused on identifying & investing in green energy solutions. Multinational oil and gas company – bp, has announced that it intends to invest USD 70 million into the Green Growth Equity Fund (GGEF) in India. The fund, […]

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ADGM Inks Partnership With IRENA to Promote Sustainable Finance

ADGM and IRENA have signed an MoU to signify their joint commitment to progressing sustainable finance across the UAE and the wider region. Abu Dhabi Global Market (ADGM), the award-winning international financial centre, and the International Renewable Energy Agency (IRENA), the lead intergovernmental agency for the energy transformation, have signed a Memorandum of understanding (MoU) […]

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Suzlon Posts Net Loss of Rs 834.22 Crore in March Quarter

Suzlon Energy has posted a consolidated net loss of Rs 834.22 crore for the March quarter mainly due to lower revenues and high finance cost. Wind turbine major Suzlon Energy has posted a consolidated net loss of Rs 834.22 crore for the March quarter mainly due to lower revenues and high finance cost. The consolidated net loss […]

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ADB Becomes Observer for the Network for Greening the Financial System

ADB has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an observer The Asian Development Bank (ADB) joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an observer on June 23, 2020. NGFS, launched at the Paris One Planet Summit on December 12, 2017, […]

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EIB to Provide Support for 3 First-of-a-Kind Climate Action Projects

EIB has signed 3 agreements with leading European innovators to collaborate on the development and financing of new projects that address climate change. The European Investment Bank (EIB), one of the world’s largest providers of climate finance, has announced that it has signed three agreements with leading European innovators to collaborate on the development and […]

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Sunrun to Acquire Vivint Solar for Enterprise Value of $3.2 Billion

Sunrun and Vivint Solar have entered into a definitive agreement under which Sunrun will acquire Vivint Solar in an all-stock transaction Sunrun, a leading provider of residential solar, battery storage and energy services, and Vivint Solar, a leading full-service residential solar provider in the United States, have announced that the companies have entered into a […]

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Duke Shelves ACP Plans, but Will Continue Investing in Renewables

Duke Energy has said it will continue advancing its ambitious clean energy goals without the Atlantic Coast Pipeline (ACP) by investing in renewables Duke Energy has said that the company will continue advancing its ambitious clean energy goals without the Atlantic Coast Pipeline (ACP) by investing in renewables, battery storage, energy efficiency programs and grid […]

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RWE Closes Deal With E.ON, Takes Over Operations at innogy

The final step in one of the largest transactions in German industrial history has been completed with RWE taking over the innogy activities from E.ON The final step in one of the largest transactions in German industrial history has been completed with the major asset swap between RWE and E.ON, with which RWE took over […]

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Mercedes Benz Acquires Stake in Battery Cell Manufacturer Farasis

Mercedes-Benz has formed a strategic partnership with the Chinese battery cell manufacturer Farasis and is also taking an equity stake in the company. Mercedes-Benz has announced it is taking another important step on its journey towards CO2-neutral mobility. The Stuttgart-based luxury car manufacturer has launched a far-reaching strategic partnership with the Chinese battery cell manufacturer […]

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