The Asian Development Bank continues to support the development of renewable energy in India. The Asian Development Bank (ADB) has released $200 million in long-term debt finance to Indian Renewable Energy Development Agency (IREDA) to support the development of renewable energy projects. The $200 million debt finance is part of … [continued]
The United States Agency for International Development has announced a major investment initiative to boost energy access in India. The US Ambassador to India recently announced that the United States Agency for International Development (USAID) will invest $41 million to boost off-grid renewable energy infrastructure in India. The investment announced … [continued]
An increasing number of international financial institutions are now looking to partner with India to help it realise the ambitious renewable energy capacity additions targets the government has set for the next five to seven years. The International Finance Corporation (IFC) has announced that it has entered into an agreement with … [continued]
Citigroup had recently announced plans to lend, invest, and facilitate deals worth $100 billion by 2025, to support projects that will fight climate change and protect the environment. While this might seem to be a lofty target, the company had previously set a goal of $50 billion for similar initiatives in 2007, and was able … [continued]
Private sector project developers in India’s rapidly growing renewable energy would be happy to have the backing of the country’s largest bank as they get ready to participate in cut-throat competitive bidding. The State Bank of India (SBI) has committed to provide $12.5 billion in debt funding to renewable energy … [continued]
President Obama is in India as the state guest for Republic day celebrations here. Needless to say, clean energy is a major focus area in the dialogue between the two countries. To spur the solar sector, and meet its 100 GW solar goal, India is looking for investments to the … [continued]
The US Export-Import Bank has played a very important role in shaping the Indian renewable energy market into its current form. The bank now plans to provide further assistance to promote renewable energy infrastructure development in India. The bank has offered $1 billion in low-cost loan to India for aiding … [continued]
ACME Solar has secured a loan of Rs 202 crore ($34 million US) from the IFC for the development of 100 MW of solar power capacity in India.
Various ministries of the Indian government are considering to impose anti-dumping duties on solar photovoltaic modules imported from the US, China, Malaysia, and Taiwan. The Commerce Ministry has undertaken a preliminary inquiry into the impact of large-scale import of solar modules on the domestic manufacturers. The Indian solar module manufacturers have been lobbying for anti-dumping duties on imported equipment … [continued]
A 5 MW solar photovoltaic (PV) project owned by Astonfield Renewables has become the first solar power project in India to receive an A class credit rating. The project has been given A- credit rating by Credit Rating Information Services of India Limited (CRISIL), a division of the McGraw Hill Corporation and whose … [continued]
