Enel Green Power has set the ball rolling on one of the wind energy projects it secured in auctions under the South African Renewable Energy Independent Power Producer Procurement Programme. Enel Green Power has secured a loan worth $170 million to set up a 111 MW onshore wind energy project at … [continued]
To kick-start the financial arrangements for the nearly 100 GW planned capacity addition over the next 7 years, the Indian government is seeking $3 billion from international development banks. The government is said to be in talks with the Asian Development Bank, the World Bank, KfW, the Japan International Cooperation … [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]
The Green Bonds Initiative has released figures for the green bonds market in 2014, and its good news all around, with $36.6 billion worth of bonds issued by 73 different issuers. That’s more than three times the figure from 2013. Speaking to BusinessGreen at the time of the news, Sean Kidney, chief … [continued]
Originally published on Planetsave. Prices for German solar power storage systems have reportedly fallen 25% since the spring. The data come from the German Solar Industry Association (BSW-Solar). Also according to BSW-Solar, approximately 15,000 German households now use battery storage combined with solar power, and that number has been growing faster and … [continued]
India has been taking notes from Germany to achieve its mega renewable energy targets. This can be seen from the push rooftop solar has been receiving, and also discussions to introduce a fixed feed-in tariff for utility-scale solar power. But there’s more. Mr. Upendra Tripathy (Secretary, Indian Ministry of New and Renewable Energy) … [continued]
The European Investment Bank (EIB) has announced a loan of €75 million for the Xina concentrating solar power plant in Northern Cape Province, South Africa.
The recent change in government seems to have brought with it a surge in foreign investments in the Indian renewable energy sector. One company that has attracted significant investment from highly reputed foreign investors is Welspun Energy. Multilateral finance agency Asian Development Bank (ADB) has made equity investment in one … [continued]
Originally published on RenewEconomy The German government has responded to the next big challenge in its energy transition – storing the output from the solar boom it has created – by doing exactly what it has successfully done to date: greasing the wheels of finance to bring down the cost … [continued]
