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UN fund removes veto power over climate projects

By : Sustainability ..., Jul 10, 2019

Governments will be unable to unilaterally veto internationally-funded climate projects, after a deal was struck on Green Climate Fund rules that had hampered progress for years. Following...

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Economic Survey Pitches For USD 330 Billion Investment in Renewable Energy

By : Sustainability ..., Jul 9, 2019

The Economic Survey 2018-19 tabled in Parliament has pitched for fresh investments to the tune of a massive USD 330 billion in the renewable energy sector over the next decade through 2030. This...

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Ujjivan SFB inks pact with Green Shuttle for EV financing

By : Sustainability ..., Jul 9, 2019

Ujjivan Small Finance Bank has inked a Memorandum of Understanding (MoU) with Green Shuttle Technology Pvt Ltd for financing electric three-wheelers. Established in Chakan (Pune) last year,...

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India will need $250 bn in green energy funds from 2023 to 2030

By : Sustainability ..., Jul 5, 2019

India’s emerging green economy will require additional investments of around $80 billion till 2022, growing more than threefold to $250 billion during 2023-30, said the Economic Survey 2019,...

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SoftBank pumps in $250 million in Ola Electric

By : Sustainability ..., Jul 4, 2019

Ola's electric vehicle arm, Ola Electric Mobility has secured a funding of over ₹1,725 crore (about $250 million) from SoftBank, according to regulatory documents. With this latest infusion, Ola...

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World Bank approves $147 mn loan to Jharkhand

By : Sustainability ..., Jun 26, 2019

The World Bank on Tuesday approved a $147 million loan agreement to provide basic urban services to the people of Jharkhand and help improve the management capacity of the urban local bodies (...

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Two-wheeler rental startup Vogo in talks to raise up to $50 million

By : Sustainability ..., Jun 21, 2019

Vogo Automotive Pvt. Ltd, which offers bikes on rent, is in talks to raise $40-50 million as equity to fuel its growth plans, said two people familiar with the matter, requesting anonymity. The...

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Srei Equipment gets $30 mn from Dutch bank for refinancing green projects

By : Sustainability ..., Jun 21, 2019

Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, has received $30 million loan refinancing facility from FMO, a Netherlands-based development finance bank. The...

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Rooftop solar firm Sunshot to raise $100 mn-$125 mn over next 3 yrs

By : Sustainability ..., Jun 20, 2019

Pune-based solar rooftop company, Sunshot Technologies, is planning to raise $100 million to $125 million (~Rs 872 crore) over the next three years, said Rahul Dasari, director and chief...

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Bharat Forge to cut down on capex but increase investment in EV companies

By : Sustainability ..., Jun 19, 2019

Bharat Forge, the country’s largest forging company, will reduce capital expenditure (capex) in India this year, and will instead focus on sweating its assets and make select investments in...

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