EBRD Devoted 36% to Green Financing in 2018 Updated On Sat, Jan 19th, 2019 by Saurenergy It is well on the way to meeting a target of dedicating 40 per cent share of investments to the green economy by 2020. The European Bank for Reconstruction and Development (EBRD) has devoted 36 per cent of its total investments to the green economy in 2018. The bank said in a statement that, it […] Read more
REDAVIA Secures $2 M Debt Financing for Expansion in Ghana Updated On Tue, Jan 8th, 2019 by Saurenergy “ElectriFI’s funding will be a stepping stone towards the international expansion of our successful delivery model in Ghana,” Erwin added. In order to further expand the leasing of solar assets in Ghana, REDAVIA Global Asset SCA secured a USD 2 million debt financing from ElectriFI to be invested in Ghana in conjunction with the recently signed USD 4 million innovative debt financing deal from responsAbility […] Read more
Freedom Solar Launches Commercial Solar Financing Vehicle in Texas Updated On Sat, Dec 1st, 2018 by Saurenergy The company said in a statement that financing through it allows companies to finance up to 70 percent of the cost of an entire solar installation and ensures that an investment in solar is cash-flow positive from day one. Freedom Solar Financial Services, the first solar financial vehicle of its kind in Texas, has raised […] Read more
EIB Expands Cooperation with SBI in Wind Energy Financing Updated On Sat, Nov 24th, 2018 by Saurenergy With this collaboration, the promoters of wind projects in the country will benefit from long-term low cost financing under the dedicated EUR 600 million renewable energy financing programme that is already supporting large-scale solar investment across the country. The European Investment Bank (EIB) will increase its support for India’s wind energy projects by expanding the existing lending programmes […] Read more
Financers, Bankers and Economists Discuss Measures to Improve Financing for Renewable Energy Projects; Laud India’s Achievements in Renewable Energy Updated On Thu, Oct 4th, 2018 by Saurenergy Leading bankers and renewable energy financing experts from multi-lateral agencies discussed solutions to issues pertaining to financing of renewable energy projects, and how access to financing can be improved to expand clean energy projects across the world, at a Plenary Session titled ‘Bankers’ Perspective on Renewables’, of the 2nd Global RE-Invest India-ISA Partnership Renewable Energy […] Read more
ADB Raises €600 Mn via Green Bond to Spur Climate Financing Updated On Mon, Jul 9th, 2018 by Saurenergy Further, the bond has a coupon rate of 0.35 percent p.a. payable annually and a maturity date of July 16, 2025. It was priced at 99.924 percent to yield 43 basis points (BPS) over the DBR 0.5 percent February 2025. Philippines-based Asian Development Bank (ADB) has raised €600 million to help finance climate change mitigation […] Read more
Financing Indian Sun Updated On Mon, Jun 25th, 2018 by Saurenergy After out-passing teething troubles related to GST implementation, India firmly cements it’s place as the fastest growing major economy in the world by clocking GDP growth rate of 7.7 per cent during the January to March quarter of FY 18. India, being the Asia’s third-largest economy, clinched this position after surpassing China’s 6.8 per cent […] Read more
India Extends $20 Mn Concessional Financing for Solar Project in Suriname Updated On Thu, Jun 21st, 2018 by Saurenergy In addition, India will extend a line of credit of USD 27.5 million to support a power transmission project in Pikin Saron area, says President Kovind. In a move to provide clean energy to a cluster of 49 villages, President of India Ram Nath Kovind said that India will extend concessional financing of USD 20 million […] Read more
Azure Power Raises $135 Mn via Debt Financing from IFC Consortium Updated On Fri, Jun 1st, 2018 by Saurenergy The company will use these proceedings to finance approximately 200 MWs of it’s solar rooftop projects across the country. Indian solar power producer Azure Power has raised USD 135 million through debt financing from a consortium led by International Finance Corporation (IFC). The IFC led consortium also includes other lenders like FMO – the Dutch […] Read more
