India’s Green Energy Corridors project has received a major funding boost with the Asian Development Bank providing $1 billion loan. The Asian Development Bank (ADB) announced that it will provide $500 million in government-backed loan and an additional $500 million in non-sovereign loan, which will be provided to Power Grid … [continued]
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]
Indian renewable energy companies continue to attract significant funding as the country looks set for a renewable energy revolution. One of India’s largest renewable energy projects developer, Welpsun Renewables, revealed this week (PDF) that it has raised a total of $617 million in fresh round of funding. The company raised $405 … [continued]
Over the weekend, thousands of the world’s finance ministers and central bankers from 188 countries of the world gathered in Lima, Peru, for the annual meetings of the World Bank and the International Monetary Fund. The two United Nations groups focus on long-term economic development and macroeconomic issues, respectively. While … [continued]
The trend of bond issuance by renewable energy companies and linked to renewable energy projects in India continues. Renew Wind Energy (Jath) Limited has issued bonds worth Rs 491 crore (US$75.5 million). The bonds have been partially guaranteed by India Infrastructure Finance Corporation Limited (IIFCL) and counter-guaranteed by the Asian … [continued]
The Asian Development Bank will significantly increase lending support for projects aimed at climate change mitigation and adaptation. The Manila-based Asian Development Bank (ADB) announced that it would increase annual climate finance lending to $6 billion by 2020, from its current $3 billion annually. The bank also aims to increase … [continued]
The Asian Development Bank will soon provide debt finance for Sri Lanka’s wind energy program. The Asian Development Bank (ADB) has allocated $200 million to support the wind energy sector in Sri Lanka. The Bank would provide financial support by buying debt instruments issued in the national and international market. … [continued]
Prime Minister Narendra Modi and his government have embarked on an ambitious mission to increase India’s renewable energy capacities by over five times by 2022. Taking it from the current 30GW (solar and wind combined) to a target of 175 GW. To achieve its goals, India needs to find, among other important things, a … [continued]
One of India’s leading renewable energy independent power producers, ReNew Power Ventures, plans to raise fresh capital of $100 to $150 million. The Goldman Sachs-backed ReNew Power has announced plans to raise fresh capital to expand its generation capacity. The funds, expected to be up to $150 million, will be … [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]
