Finance

The State Bank of India (SBI) announces the deal at a press conference on financing grid-connected rooftop solar PV projects in association with World Bank held in Mumbai on October 30.

Companies within Macquarie Infrastructure and Real Assets; Light source Renewable Energy and UK Climate Investments, part of the Green Investment fund enter into partnership platform to enter Indian Solar market for its development, acquisition and ownership of solar assets.

Age-old conglomerate SP Group seeks new investors, realizing the pace in India’s green energy equity market.

Mytrah Energy might cancel its listing on the Alternative Investment Market (AIM) in London before launching its tentatively planned initial public offering (IPO) in India, according to a recent report.

The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.

The guarantee is a unique initiative by the state government of Madhya Pradesh for its Payment Security Mechanism, which had a role to play in the phenomenally low tariff achieved for the Rewa solar project.

Reliance Money has announced that it will receive INR 3bn ($46 million) from IREDA for financing renewable projects across India.

The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.

It is expected that more and more Indian developers will be listed on IPOs in the coming years as an effective means to raise the equity for new power projects.

Net proceeds from the bond will be used to finance the construction of several large-scale solar and renewable energy projects across India.