Solar Energy Finance News

PowerGrid Board Approves Rs 2,578 Cr Investment for Rajasthan Transmission Project

PowerGrid has announced that its board has approved an investment of Rs 2,578.47 crore for a transmission project for a solar energy zone in Rajasthan. State-run PowerGrid Corporation of  India (PGCIL) has announced that its board has approved an investment of Rs 2,578.47 crore for an electricity transmission project for a solar energy zone (SEZ) in Rajasthan.  The […]

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Payment Dues to RE Firms Climbs to Rs 6872 Crore

A new report has revealed that power Discoms across the country owe close to Rs 6872 crore to RE developers in payment dues A new report has revealed that the power distribution companies (Discoms) across the country owe close to Rs 6872 crore to renewable energy developers in payment dues up to August 16, 2019. […]

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Sterling and Wilson Solar Shares Tumble 7-10% on Debut

Shares of Sterling and Wilson Solar made a disappointing debut on the bourses, falling between 7 and 10 percent over its issue price of Rs 780. Shares of Sterling and Wilson Solar made a disappointing debut on the bourses on August 20, 2019, falling more than 10 percent over its issue price of Rs 780. The scrip […]

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UKCI to Invest £14 mn on 250 MW Wind Projects in South Africa

UKCI has announced an approximate £14 million agreement with H1 Holdings to support the development of 250 MW of wind energy projects across South Africa. The UK Climate Investments (UKCI) has announced an approximate £14 million (R253 million) agreement with H1 Holdings to support the development of 250 MW of wind energy projects across South […]

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Vestas Earnings dip While Recording Highest Quarter Intake and Order Backlog

Vestas revealed that revenue and earnings decreased while the highest ever quarterly order intake and combined order backlog at an all-time high level. Vestas has revealed that revenue and earnings decreased compared to last year’s second quarter while free cash flow improved. Highest ever quarterly order intake and combined order backlog at an all-time high […]

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Suzlon Net Loss Trims Down to Rs 337 Crore in Last Quarter

Suzlon Energy has revealed that its consolidated net loss narrowed to Rs 337 crore in the quarter, on account of lower expenses. Debt-laden Suzlon Energy has revealed in its latest financial results for the quarter ending June 30, 2019, that its consolidated net loss narrowed to Rs 336.88 crore in the quarter, on account of lower expenses. […]

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UK Government Doubles Funding for on Street EV Charging Points

The UK government is doublings its GBP 2.5 million funding for the installation of over 1,000 new electric vehicle (EV) chargepoints. Owning and charging an electric vehicle (EV) is set to become more convenient than ever in the United Kingdom thanks to an additional GBP 2.5 million for funding the installation of over 1,000 new […]

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Japan’s GPIF and ADB Partner to Finance Green Projects

ADB and Japan’s GPIF recently formed a partnership to support green project financing through investments in ADB’s green bonds. The Asian Development Bank (ADB) and Japan’s Government Pension Investment Fund (GPIF) recently formed a partnership to support green project financing through investments in ADB’s green bonds. “We are pleased to collaborate with GPIF on this […]

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Green Bonds Issuance to Cross Record $ 200 bn Mark in 2019: Moody’s

The global green bonds issuance in 2019 are expected to reach and perhaps even cross the record USD 200 billion mark. According to a new analysis, the global green bonds issuance in the current financial year are expected to reach and perhaps even cross the record USD 200 billion mark. The global green bond market […]

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