Finance

Three firms, Mahindra Renewables, Actis, and ACME group, will receive a combined loan of $440 million from the IFC for developing the Rewa Solar Park in Madhya Pradesh.

ReNew Power Ventures Pvt. Ltd has raised $ 352 million via Non-Convertible Debentures to repay loans.

The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.

ReNew Power Ventures, which is backed by Goldman Sachs, is exploring an opportunity to acquire the solar assets of Waaree Energies ahead of a planned IPO, reports Mint.

A structured credit deal has been struck between Centrum-led investors and Waaree Energies Ltd, an Indian solar power firm.

Both the European Investment Bank and India’s YES Bank will provide $200 million investment to co-finance a series of solar and wind power projects across India.

The conclave happened the day after ISA became a recognized legal intergovernmental body based in India. The event observed some intense discussions on the ISA’s ambitious programs. The main topic was the finance, where ISA aims to ease the process, with CEEW supporting via common risk mitigation study.

The state’s Karnataka Renewable Energy Development Limited (KREDL) announces tender for 43 individual solar plants located in taluks – small districts dotted across the state of Karnataka.

The New Delhi based solar developer is marking its second consecutive year of growth. Sunsure Energy founded in 2014, until now, has commissioned 6+ MW and is executing 25+ MW solar installation across India.

India signs loan agreement with the World Bank for $100 million for large-scale solar power projects named as “Shared Infrastructure for Solar Parks Project”.