Finance

Geothermal Investment Surges 85% in Q1: Wood Mackenzie

Investment in North America’s geothermal sector surged to a record US$1.7 billion in the first quarter of 2025, marking an 85% increase over the full-year total for 2024, driven by breakthrough technologies that expand geothermal potential beyond traditional locations, Wood Mackenzie said in a report on Monday. The energy consultancy’s latest Geothermal Market Update highlights […]

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Enfinity Expands US Credit Facility To Back 22 GW RE Projects

Enfinity Global Inc, a renewable energy company, said it has expanded its structured credit facility in the United States to $245 million as part of a broader financing strategy to support its 22 gigawatt (GW) pipeline of solar and energy storage projects. The asset-based facility, initially signed in July 2024 for $97 million, was led […]

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[VIDEO PODCAST]: Indian Solar Stocks Are Booming! Here Is Why

In our latest cover story, we delved into the financials of 15 listed Indian solar companies to uncover key trends shaping the sector. The aim was to map the current trajectory of Indian solar players—spanning manufacturers, developers, and EPC firms—and offer insights into what lies ahead for the country’s solar landscape. Our latest video podcast […]

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Evera Cabs Secures $4mn From Mufin Green Finance For Expansion

Evera Cabs, an all-electric taxi service based in India, has raised $4 million in funding from Mufin Green Finance to support the expansion of its electric vehicle (EV) fleet, the company said on Tuesday. The funding was raised through a hybrid structure of convertible debentures and debt. Evera said the investment would accelerate the deployment […]

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Fibe Brings Rooftop Solar Financing To Spread Green Energy Access

Pune-based leading digital lending platform Fibe launched rooftop solar financing to bring green energy access across India. The company offers credit solutions for residential rooftop solar installations, and it plans to expand its presence in Tier 2 and Tier 3 cities.  Through this initiative, Fibe aims to support an ongoing goal to improve credit access for underserved segments. […]

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Avaana Capital Draws First Tranche of GCF’s USD 24.5mn

Avaana Capital has announced the first drawdown of the Green Climate Fund’s (GCF) USD 24.5 million commitment to the Avaana Sustainability Fund, marking the GCF’s first venture capital investment in India. The investment is anchored by the Small Industries Development Bank of India (SIDBI), acting as the accredited entity under the guidance of the Department […]

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Stride Green Raises $3.5Mn Seed Fund From Micelio, Incubate, Others

Stride Green, a climate-tech-focused asset financing and lifecycle management platform, has raised $3.5 million as part of its Seed Funding Round, led by Micelio Technology Fund, Incubate Fund Asia, and other strategic investors. Founded by Ishpreet Gandhi & Vivek Jain, Stride Green intends to empower sustainable businesses through innovative asset management and finance solutions and […]

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Serentica Clinches $100 mn Loan for BALCO Solar Project

Serentica Renewables has secured more than USD 100 million in external commercial borrowing (ECB) from Rabobank and Société Générale to develop a 300 MW solar project in Rajasthan that will supply power to Bharat Aluminium Company Ltd (BALCO), a subsidiary of the Vedanta Group. This marks Serentica’s second ECB deal, reinforcing the company’s push to […]

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SAEL Gets $132Mn from NDB, AIIB, Others for AP Solar Project

SAEL Solar MHP1, a subsidiary of SAEL Industries Ltd.,  has secured debt finance amounting to US$132 million from three global financial institutions — Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale. SAEL Solar MHP1 would use the funding to develop a solar power project in Andhra Pradesh. Each institution has committed […]

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