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.
Azure Power issues US$414 million green bond at 3.575% coupon rate
The New Delhi-based independent power producer has issued its third green bond as it looks to raise US$414 million. The coupon rate is the lowest ever for any renewable energy company in India.
World Bank signs up for $56m slice of renewables developer’s first green bond
The development lender’s private-sector arm helped Indian commercial clean power company Continuum Green Energy raise $561 million to refinance its debts through the bond, on the Singapore exchange.
Azure Power posts Q3 loss but continues to expand solar portfolio
The New Delhi-based developer posted a Rs136 crore loss from October to the end of December but has managed to shift current liabilities into the long grass as it aims to continue on an expansionist trail, backed by the Canadian pension fund which holds almost half its shares.
ReNew Power raises US$ 375 million with green bond
The independent power producer will use the capital raised through the green bond to refinance outstanding external commercial borrowings and as Capex in eligible green projects.
‘Groundbreaking’ $40 million green bond issued by Singapore’s Sindicatum for Indian PV projects
Global law firm, Norton Rose Fulbright has advised GuarantCo, the international development finance institution, on a landmark INR 2.5 billion ($40 million) dual-tranche unsecured wrapped and rated bond, issued by Sindicatum Renewable Energy Company Pvt Ltd. Such green bonds are beneficial to the country, since they offer low interest rates and long-term repayment schemes, says Dharmendra kumar, an analyst from IHS Markit.
