Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
EBRD to provide financial assistance to International Solar Alliance
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
SBI announces loans worth INR 23.17 billion ($357 million) for rooftop solar in India
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.
UK’s Green Investment enters India to fund development and acquisition of Solar assets.
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.
Shapoorji Pallonji may sell its stake in solar portfolio
Age-old conglomerate SP Group seeks new investors, realizing the pace in India’s green energy equity market.
Mytrah may delist from AIM prior to India IPO
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.
Equis Energy snapped up by GIP in record $5bn renewables deal
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.
Madhya Pradesh signs state guarantee for 750 MW Rewa PV plant
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 Capital signs $46m deal with IREDA for renewable projects
Reliance Money has announced that it will receive INR 3bn ($46 million) from IREDA for financing renewable projects across India.
European Investment Bank partners with International Solar Alliance, confirms €800m ($940m) Indian RE support scheme
The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.
