NIIFL launches $600 million bilateral India-Japan Fund
The India-Japan Fund will actively invest in India’s environmental preservation sector, including renewable energy and e-mobility businesses.
Brookfield, Axis form second JV to develop renewable energy projects
Brookfield and Axis Energy Ventures had earlier formed a joint venture platform ABC Renewables to develop renewable energy projects. The latest JV will have up to $845 million of equity investment by Brookfield.
Serentica secures INR 3,000 crore from REC
The debt funding from REC will support Serentica in developing its 560 MW of wind and solar capacities in the state of Karnataka.
Uttar Pradesh targets 30,000 solar pump installations under PM KUSUM this fiscal
The state and the central government will provide cumulative financial support of INR 434 crore ($52.2 million) for the installation of 30,000 solar pumps across the state.
SJVN to get PFC loan for 70% of over $14.2 billion renewables, thermal projects
SJVN is setting up renewable energy, thermal power and other projects at a total cost of about INR 118,826 crore ($14,276 million). The MoU with PFC will allow it term loan financial assistance at around 70% of the project cost.
REC approves over $1.1 billion in debt funding for solar-wind, pumped storage projects
The state-owned power finance company has approved a debt funding of INR 6,075 crore (around $731 million) to Greenko’s 1.44 GW pumped storage project and over INR 3,081 crore ($371 million) to Serentica Renewables’ 560 MW solar-wind hybrid project.
Serentica Renewables secures INR 2,600 crore in debt funding from PFC
The funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid wind-solar power projects in Karnataka.
Tata Power, SIDBI sign MoU on easy finance for MSME solar
Micro, small, and medium enterprises (MSMEs) can avail SIDBI loans at low interest rates to fund rooftop solar PV plants or associated services from Tata Power or its authorized channel partners across India.
DFC approves $425 million for Tata Power’s 4.3 GW solar cell and module fab
Tata Power’s greenfield 4.3 GW solar cell and module manufacturing plant in Tamil Nadu is expected to start PV module production by the year end.
India, USA to set up $1 billion renewable infrastructure investment fund
India’s National Investment and Infrastructure Fund and the U.S. Development Finance Corp. will provide up to $500 million each to anchor a $1 billion fund to support the deployment of renewable energy projects in India.
