The Asian Development Bank recently announced the details of a major funding package to boost India’s rooftop solar power program. The multilateral bank will provide $500 million in debt funding for rooftop solar power projects in India. According to a press release, $330 million will be provided by the bank … [continued]
Yet another Indian renewable energy IPP is looking to sell an equity stake to raise funds for expansion. According to media reports, Mytrah Energy is looking to sell an equity stake to private equity funds with a target of raising around $300 million. A third of this funding will be … [continued]
Renewable energy projects across the world received funding worth $6 billion in 2015 from multilateral banks, a recent report has revealed. The World Bank, The European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the European Bank for Reconstruction … [continued]
A total of $81 billion in climate financing was mobilised for projects being funded by the world’s six largest multilateral development banks, according to a new report. According to the new report, the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, the total $81 billion dedicated to financing climate change … [continued]
India’s ambitious solar power program has received another major boost from the World Bank. The World Bank recently announced funding worth $1 billion for grid-connected and utility-scale solar power projects. The Bank has tied up with India’s largest bank — State Bank of India — for dispersal of the funds, … [continued]
India has received a major funding boost from multilateral and international development banks for its ambitious rooftop solar power program. The Ministry of New & Renewable Energy has announced that India’s rooftop solar power program is expected to receive low-cost debt funding worth $2.5 billion from several international development banks. … [continued]
One of India’s fastest-growing independent renewable energy power producers, ReNew Power Ventures, has initiated the process to launch an initial public offering (IPO). According to media reports, ReNew Power Ventures has issued a request for proposal to appoint advisors for floating an IPO. The company was founded in 2011 by … [continued]
Indian renewable energy companies are on a fundraising spree these days, with plans to contribute as much as possible towards the achievement of the ambitious capacity addition targets set by the government. Independent renewable power producer Mytrah Energy recently announced that it secured debt funding worth $175 million from the … [continued]
In a major boost to the green bonds market in emerging countries, the Asian Development Bank lent support to a project-specific green bond in the Philippines. The Asian Development Bank has backed a Climate Bond worth US$225 million issued by Philippines-based developer AP Renewables, a subsidiary of AboitizPower Corporation. Proceeds … [continued]
India’s rooftop solar power program has received a much-needed boost even as sector experts believe that the target of 40 GW installed capacity by 2022 looks extremely ambitious. Officials of the Ministry of New & Renewable Energy (MNRE) recently announced that the World Bank, the Asian Development Bank, and the newly-founded … [continued]
