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India’s renewable energy investments jump 10 per cent to $5.9 billion in first half 2019

By : Sustainability ..., Jul 12, 2019

India invested $5.9 billion in setting up renewable energy projects in the first half of the current calendar year, a 10 per cent jump compared to the investments in the same period of 2018, as...

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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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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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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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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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