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Rs 71,000 crore loans cleared for green energy

By : sustainabilityo..., Apr 12, 2016

Banks and NBFCs (non-banking financial companies) have met 18% of their five-year lending commitment for renewable energy projects within 14 months of promising to fund more than 78 GW (giga...

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Subject Tags: bank , Financing , Green Energy

PNB Housing raises INR 500 crore from IFC to finance Green Residential Projects

By : sustainabilityo..., Apr 7, 2016

 PNB Housing Finance Limited has announced that it has  issued secured fixed rate NCDs to International Finance Corporation (IFC) to raise INR 500 crore for funding Green Residential projects....

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IREDA, Tata Cleantech Capital ink pact on financing RE projects

By : sustainabilityo..., Apr 5, 2016

State-run Indian Renewable Energy Development Agency (IREDA) today signed a pact with Tata Cleantech Capital to jointly develop an innovative financial mechanism aimed at new projects and...

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Subject Tags: Financing , power

ReNew Power receives US$250 million debt financing from OPIC to build 400MW of PV in India

By : sustainabilityo..., Mar 23, 2016

India-based renewables developer ReNew Power Ventures will receive up to US$250 million of debt financing from the Overseas Private Investment Corporation (OPIC), the US government's development...

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Subject Tags: Financing , Solar PV

Banks, NBFCs to finance 76,000 MW clean energy projects

By : sustainabilityo..., Mar 11, 2016

Public as well as private banks and non-banking finance companies (NBFCs) have committed for financing renewable energy projects of 76,352 MW capacity with an outlay of Rs 3.82 lakh crore,...

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Subject Tags: Clean Energy , Financing

Rockefeller Foundation, OMC Power ink $4.5-million deal

By : sustainabilityo..., Mar 9, 2016

US-based philanthropic organisation Rockefeller Foundation and OMC Power have inked a $4.5-million deal to finance OMC Power's construction and retrofitting of 100 solar power plants with mini-...

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Subject Tags: Financing , solar power

1st BRICS bank loan to India likely for solar project: Kamath

By : sustainabilityo..., Mar 1, 2016

The New Development Bank set up by BRICS countries aims to lend up to USD 2 billion this year starting in about two months and the multilateral lender’s first loan to India could be for a green...

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Subject Tags: Financing , solar

Centre offers Rs 1.9k crore for solar energy till Jan-end in FY16

By : sustainabilityo..., Feb 26, 2016

The Centre has released Rs 1,931 crore till January-end this fiscal under its solar programme to encourage use of the renewable source of power, Parliament was informed on Thursday....

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Subject Tags: Financing , solar energy

SunEdison plans to offload equity in 500 MW Andhra Pradesh project

By : sustainabilityo..., Feb 26, 2016

SunEdison, the world's biggest renewable energy company, plans to offload equity in a 500 megawatt project that it won in India by making a bid that rivals said was too low to make commercial...

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Subject Tags: Financing

Indian Government May Announce Budgetary Support For 3 GW Solar Power Capacity

By : sustainabilityo..., Feb 23, 2016

Huge budgetary allocation for promotion of solar power can be expected in the upcoming financial budget to be announced by the Indian government later this month.

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Subject Tags: Financing , solar power