UK investor, Dutch bank commit $50 million loan facility to C&I renewables developer BECIS
British International Investment (BII) and Dutch bank FMO have committed a $50 million joint loan facility to support BECIS to grow its rooftop solar portfolio in India and South-East Asia to nearly 350 MW by 2025.
Building the green hydrogen economy in India
Experts at a recent workshop by industry body India Hydrogen Alliance (IH2A) and the government thinktank NITI Aayog proposed the formation of a public-private taskforce to develop gigawatt-scale green hydrogen hubs in India. The taskforce will have participation from global funding agencies, industry and government.
Avaada raises Rs1000 crore to fund its 2.4 GW solar projects
Avaada Energy has raised the funds from the Asian Development Bank and European development institutions. The PV developer will use the amount to finance 2.4 GW of the 5 GW of solar capacity it hopes to secure over the next two years.
Orb Energy raises over $15 million for rooftop solar
The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.
