Finance

EIB, ICO and Iberdrola Sign Green Financing Deal for Europe’s Largest PV Plant

EIB and ICO will finance the development of the 500 MW Núñez de Balboa PV power plant, which Iberdrola is currently building in Extremadura, Spain. The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) will finance the development of the Núñez de Balboa photovoltaic power plant, which Iberdrola is currently building in Extremadura, Spain. […]

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AIIB Grants $100 mn to L&T Finance arm for Green Energy Funding

AIIB will provide $100 million in loans to L&T Infrastructure Finance Company for on-lending to green energy infrastructure projects in the country. Beijing-headquartered multi-lateral developmental lender Asian Infrastructure Investment Bank (AIIB) recently announced that it will provide $100 million in loans to L&T Infrastructure Finance Company for on-lending to green energy (wind and solar power) infrastructure […]

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Indian Renewable Sector Received $4.8 bn FDI in Last 5 Years

The renewable energy sector in India has received $4826.65 million in FDI over the last five financial years, Power Minister R K Singh has informed The renewable energy sector in India has received $4826.65 million in Foreign Direct Investment (FDI) over the last five financial years, Power Minister R K Singh informed the Parliament on […]

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Greenko Raises $824 mn in Equity Funding From GIC and ADIA

Greenko has announced the signing of definitive agreements for a primary equity funding of $824 million from an affiliate of GIC and by the ADIA Hyderabad-based Greenko Energy Holdings, one of India’s leading renewable energy companies, has announced the signing of definitive agreements for a primary equity funding of US$ 824 million, which includes a […]

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IL&FS Energy arm Puts Stake in 2 Wind Energy Assets on Sale

IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited EoI to sell its stake in two wind energy assets Going ahead with its monetisation process, IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited expressions of interest (EoI) to sell its stake in Sipla Wind Energy Ltd and Mahidad Wind Energy Private Ltd. […]

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Green Energy Investments Drop in First Half of 2019: Report

According to a new report, the global investments in green energy projects in the first half of 2019 were $117.6 billion, a drop of 14 percent from the 2018 figure. The first half of 2019 saw a 39 percent drop in green energy investments in the world’s biggest market, China, to $28.8 billion, the lowest […]

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SunEdison Investing Rs 2.12 Cr for Majority Stake in two RE Firms

SunEdison Infrastructure Limited has announced that its Board has approved the majority acquisition of two RE firms. Chennai-based renewable energy company SunEdison Infrastructure Limited (SIL, formerly YKM Industries Limited) has announced that its Board has considered and approved the majority acquisition of Megamic Electronics Private Limited and Enrecover Energy Solutions Private Limited. SunEdison, which is into […]

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PFC Raises $ 300 Million Through Syndicated Loans

PFC raises $ 300 million through a three-year syndicated loan from SBI, Honk Kong and MUFG Bank, Singapore. The Power Finance Corporation (PFC), a state-owned non-banking financial company (NBFC) that funds power sector projects has announced that it has raised $ 300 million through a three-year syndicated loan from the State Bank of India, Honk […]

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ADB Grants $30 Million Loan for 100 MW Solar Project in Kazakhstan

ADB has granted a $30 million loan to M-KAT Green LLP to build and operate a 100 MW solar plant to boost the share of renewables in Kazakhstan’s energy mix. The Asian Development Bank (ADB) has signed an agreement for a $30.5 million loan in tenge equivalent to M-KAT Green LLP—a special purpose vehicle created […]

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