The China Three Gorges Corporation has official wrapped up construction work on its first wind farm in Pakistan, as part of vigorous efforts by the state-owned renewable energy giant to expand into the South Asian market. Total investment for the Three Gorges wind farm in Pakistan was $130 million, for the creation of total installed capacity of … [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]
Originally published on Solar Love. International Finance Corporation is providing a $4.5 million loan to a solar leasing company in Tanzania called Off Grid Electric for the expansion of solar power. IFC is a member of the World Bank Group. A $2.5 million loan from Cordiant Capital of Montreal, Canada … [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.
Continuum’s 170 MW wind energy project in Madhya Pradesh, India, has received funding from the International Finance Corporation and Yes Bank.
The Indian government is set to repose millions of dollars in financial support for solar power project developers from the coal tax corpus it has accumulated over the last few years. Project developers looking to set up projects under the second phase of the Jawaharlal Nehru National Solar Mission will … [continued]
In Bihar, one of the poorest states in India, 85 percent of people are not connected to the electricity grid. Households use kerosene lamps when they can afford it, and businesses use expensive and dirty diesel generators.
Some view this “energy poverty” as a development problem. Others view it as an environmental problem. The founders of Bihar-based Husk Power Systems view it as an opportunity to build a social enterprise. […]
