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.
Mobilizing green finance for Indian MSMEs
In the absence of immediate viable financial solutions, MEMEs (micro, small and medium enterprises) need government intervention to get sustainable debt at a reasonable rate. A way forward could be a green finance platform for MSMEs.
Applications open for incentives under second phase of solar PLI Scheme
The Solar Energy Corp. of India Ltd (SECI) has started accepting applications from solar manufacturers under the second phase of the Production Linked Incentive (PLI) Scheme with an outlay of INR 19,500 crore ($2.4 billion).
Edelweiss energy InvIT raises $282 million
Edelweiss’ energy infrastructure investment trust, AnZen, will invest in a diversified portfolio of energy assets including transmission lines and renewable power projects to provide long-term predictable yield and growth to its investors.
ReNew Power to build $8 billion green hydrogen plant in Egypt
Developer ReNew Power has signed an agreement with the Egyptian Government to establish a green hydrogen plant in the Suez Canal Economic Zone. The $8 billion project will produce 220,000 tons of green hydrogen per year.
