BluPine Energy secures INR 2,416 crore debt financing for 150 MW firm and dispatchable renewable energy project in Karnataka
BluPine Energy has secured an INR 2,416 crore debt sanction for its upcoming 150 MW firm and dispatchable renewable energy (FDRE) project in Aland, Karnataka.
Waaree Energies board approves change in 6 GW ingot-to-solar module fab location
Waaree Energies board of directors has approved a change in the location of its 6 GW ingot-to-solar module manufacturing project from Odisha to multiple sites across Gujarat, Maharashtra, and other potential states.
Monetizing hydrogen and green infrastructure in emerging markets – an EPC perspective
Emerging markets face significant obstacles in the production of green hydrogen, primarily high production costs and limited access to funding. It is crucial for firms to establish strong financial structures to ensure the success of their projects.
Avaana Capital draws first tranche of Green Climate Fund’s $24.5 million commitment
This marks Green Climate Fund’s first venture capital investment in India’s deep-tech ecosystem.
Targeted co-financing to support a just transition in emerging economies: IEEFA
Supporting a Just Transition in emerging economies requires not only large-scale capital for infrastructure such as renewables but also targeted financing for communities and small businesses. Capital should be matched to specific activities based on risk and impact, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Sunnova files for bankruptcy
US residential solar company Sunnova has entered into asset and power purchase agreements to support operations while it seeks a buyer.
Power ministry announces INR 5,400 crore viability gap funding to support 30 GWh BESS development
The scheme will extend financial support to 15 states and NTPC, with INR 18 lakh per MWh allocated for each project. Of the total 30 GWh target, 25 GWh will be distributed among 15 states to meet their energy storage needs, while 5 GWh will be allocated to NTPC.
Vikram Solar gets SEBI nod for IPO
Vikram Solar plans to use the net proceeds to partly fund the establishment of an integrated 3 GW solar cell and module manufacturing facility in the Tirunelveli district of Tamil Nadu, and to expand the solar module capacity at the same site from 3 GW to 6 GW. A portion of the funds will also be allocated for general corporate purposes.
SAEL secures $132 million for 300 MW solar project in Andhra Pradesh
SAEL has secured $132 million in debt financing for the development of a 300 MW solar power project in Andhra Pradesh. The funding was secured from Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale with each committing $44 million to the project.
Why renewable project execution needs speed and policy synergy
Renewable energy projects that should take 12-18 months to complete often take twice that. More often than not, land acquisition challenges, regulatory overreach and delayed transmission planning are the reasons behind this.
