India plans to have an installed renewable energy capacity of 175 GW by March 2022. But this target cannot be achieved without a widespread transmission network, as not all Indian states are equally blessed with renewable energy resources. Last month, the Indian Minister for Power, Coal, and Renewable Energy announced … [continued]
Favourable regulatory environment and eased lending is expected to deliver better than expected capacity addition in India’s wind energy sector. Indian rating agency ICRA expects that 2.8 GW of wind energy capacity will be added in the current financial year, between April 2015 and March 2016. This will be 20% … [continued]
The global green bonds market continues to expand into the developing countries which hold immense potential to attract several new investors. Mexico’s state-owned development bank Nacional Financiera S.N.C, or Nafin, recently issued the first green bond of the country. The bank issued bonds worth $500 million for a coupon rate … [continued]
The Indian government will push to achieve renewable energy installation targets two years in advance, as it looks to enact more aggressive policies to promote development of renewable energy infrastructure. India has set a target to have 100 GW solar power, 60 GW wind energy, 10 GW small hydro power, … [continued]
Information technology companies continue to lead in India in terms of ranking achieved in the Climate Disclosure Leadership Index prepared by the Carbon Disclosure Project. The number of Indian companies qualifying in the Climate Disclosure Leadership Index (CDLI) increased from 23 in 2014 to 31 in 2015, increasing despite the … [continued]
Lekela Power, a joint venture company between Mainstream Renewable Power and investment firm Actis, has announced its third renewable energy project in Egypt. Lekela Power will set up a 250 MW wind energy project in Egypt which takes the company’s total project pipeline in Africa to 1.1 GW. Lekela Power … [continued]
Renewable energy development in the Middle East and North Africa region continues to attract investment and financial support from global institutions. The European Bank for Reconstruction and Development (EBRD), and other financial institutions, have announced the launch of a funding framework for private sector renewable energy development in four countries … [continued]
A new month and a new order for Gamesa in India. The leading original equipment manufacturer in India, Gamesa further strengthened its order book with a contract from project developer Ostro Energy. Gamesa has secured two orders for 100 MW each from Ostro Energy, to develop projects in Madhya Pradesh and … [continued]
South Africa’s landmark Renewable Energy Independent Power Producers Procurement Programme has not only helped change the power sector landscape of the country, but has also led to the emergence of the country’s largest bank as a leading investor in clean energy projects. Standard Bank has financed 40% of the 1,760 … [continued]
The prospects of spectacular growth in the global green bonds market has attracted more and larger investors. The latest large investment house to join the green bonds crusade is BlackRock. The world’s largest investor has partnered with the Climate Bonds Initiative to support the development the global green bonds market. BlackRock … [continued]
