Adani Green secures $400 million for 750 MW solar projects
Adani Green Energy Ltd has secured $400 million green loan for its under-construction solar projects in Gujarat and Rajasthan. The lenders include DBS Bank, Intesa Sanpaolo, MUFG Bank, Rabobank, and Sumitomo Mitsui Banking.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured debt financing from HDFC Bank to develop a 120 MW solar project in Gujarat.
India overtakes China to become world’s largest electric three-wheeler market
Electric three-wheeler (e-3W) sales in India surpassed 580,000 in 2023, compared to 320,000 sold in China.
REC secures JPY 60.5 billion green loan backed by Italian export credit agency SACE
REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.
ISA to accelerate solar initiatives in Uganda
The International Solar Alliance (ISA) and the government of Uganda recently discussed accelerating the solar mini-grid project to address Uganda’s energy access challenge and advancing the solar water pumping project under the India, Brazil, and South Africa (IBSA) Fund. New areas of cooperation, such as establishing a Solar Technology and Application Resource Centre (STAR-C), were also explored.
Tata Power, Indian Bank partner for collateral-free loan to residential rooftop solar customers
The collaboration aims to facilitate financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for rooftop solar PV installations up to 3 kW, as well as extend support for installations ranging from 3 to 10 kW under the regular scheme.
Premier Energies files for IPO to raise more than INR 1,500 crore
Premier Energies has filed draft papers with SEBI for its initial public offering (IPO). The company intends to utilize INR 1,168 crore of the IPO proceeds to fund the setting up of its 4 GW TOPCon solar cell-and-module manufacturing facility and the balance towards general corporate purposes.
Sterling and Wilson Renewable Energy revenue up 51% YoY
Sterling and Wilson Renewable Energy has reported consolidated revenue of INR 3,035 crore in FY 2024, 51% up year-on-year. The company’s unexecuted order book surpassed INR 8,000 crore.
European Investment Bank lends €150 million for renewables in Bhutan
The European Investment Bank (EIB) has agreed to lend €150 million ($160.2 million) for renewables in Bhutan, in order to fund solar and hydropower installations in remote regions. Solar facilities are expected to reduce Bhutan’s reliance on energy imports during the dry months of the year and diversify the nation’s electricity mix.
ISA to help boost solar initiatives in Bhutan
The International Solar Alliance (ISA) will work with the government of Bhutan to enhance energy access and ensure energy security in Bhutan through solar energy interventions and diversification of the nation’s energy portfolio.
