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]
Bogged down by staggering power supply in India, pharma units and IT companies, among others, are looking at solar power to meet their energy demands. First Solar has envisaged a good opportunity in this segment and is planning to set up dedicated solar power plants for industries and commercial establishments across India, who would … [continued]
India’s first green bond issue received an overwhelming response as the issuer bank managed to raise twice the targeted amount. Yes Bank, a private-sector bank in India, has raised about $150 million through India’s first green bond issue. The bank had announced the bond issue during the recently concluded RE-INVEST international … [continued]
One of the leading clean energy project developers in the world, SkyPower, is planning to expand to its footprint in one of the hottest renewable energy markets in the Africa — Egypt. SkyPower is reportedly in talks with the officials of the Electricity Ministry in Egypt to develop 3 GW … [continued]
Another Indian company has proposed to set up large-scale renewable energy capacity over the next few years. Essel Group, a leading conglomerate in India, has announced that it will set up 12 GW of renewable energy capacity over the next 5 years across several states. The entire exercise will require … [continued]
India plans to unleash a renewable energy revolution practically unheard of. Until now we used to watch in disbelief as Chinese regulators repeatedly revised solar power capacity addition targets to very high levels in extremely short spans of time. India, it seems, is looking to outdo its Asian neighbour. Soon after … [continued]
Renewable energy capacity contributes 0.25% to the total installed power capacity of India’s largest power generation company, NTPC Limited. This, however, could change dramatically if the company fulfills the commitment it stated recently. NTPC Limited plans to invest $10 billion to set up 10 GW of renewable energy capacity over … [continued]
SunEdison has significantly increased its planned capacity addition in India’s renewable energy sector. The US-based company has announced that it will set up 15.2 GW of solar and wind energy capacity in India over the next 5 years. The company is expected to develop solar as well as wind energy … [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]
One of the leading solar power companies in the world is looking to significantly expand its footprint into one of the fastest emerging solar power markets in the world. First Solar has made a commitment to set up 5 GW of solar power capacity in India over the next 5 … [continued]
