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Finance

Mahindra to set up INR 10,000-crore EV plant in Pune

The carmaker will invest around INR 10,000 crore ($1.21 billion) over a period of 7-8 years to set up the manufacturing facility for its upcoming Born Electric Vehicles.

Neuron Energy to invest INR 50 crore in lithium battery pack business

The Mumbai-headquartered lithium battery manufacturer plans working capital finance of INR 35 crore and equity investment of INR 15 crore to increase production capacity and fulfil orders from large OEMs.

NIIFL signs MoU on renewable energy projects in Tamil Nadu

National Investment and Infrastructure Fund Ltd (NIIFL) will support Tamil Nadu Infrastructure Development Board in identifying potential private-sector investment opportunities in various sectors including renewable energy. 

Partners Group to acquire Sunsure Energy

The Swiss investment manager will invest up to $400 million to transform Sunsure into a next-generation independent power producer. The platform targets 3 GW of capacity from Partners Group’s equity commitment.

No funding for new coal in 2021

The renewable energy sector (solar and wind) recorded project finance deals worth INR 33,893 crore ($4,598 million) in 2021. No new project finance for coal was reported.  

L&T closes $107 million sustainability-linked loan

The Indian multinational EPC provider has successfully closed a three-year $107 million sustainability-linked loan with Sumitomo Mitsui Banking Corp.

Adani Green raises $200 million in Japanese Yen-denominated refinancing facility

The developer has refinanced its 350 MW of solar projects with a long-tenor debt facility of $200 million.

SIMA-managed fund approves $1.999 million low-cost loan to Loom Solar

The Energy Access Relief Fund, managed by Social Investment Managers and Advisors (SIMA), has approved $1.999 million for a subsidized 5% USD financing to Loom Solar.

Transition VC launches INR 400 crore fund for energy startups

Transition VC will invest seed capital in 40 startups across sectors such as e-mobility, green hydrogen, energy storage, net-zero buildings and climate-tech over the next three years.

Catalyzing energy transition in rural MSMEs through rooftop solar

Solutions for catalyzing rooftop solar in the rural commercial and industrial market have to be looked at in terms of geographic clusters. This allows for the aggregation of demand, making it easy to run awareness campaigns in a targeted manner.

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