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financing

Ecofy Partners With Waaree Energies For Low-Cost Solar Finance

Solar PV module maker Waaree Energies Limited has signed an agreement with rooftop solar financing firm Ecofy, an NBFC backed by Eversource Capital, committed to providing green finance for solar projects from Waaree. According to a statement by Waaree Energies, Ecofy has committed Rs 100 crore to partnering with Waaree Energies for boosting solar finance. […]

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Delhi Gets First Commercial Utility-Scale BESS Project After DERC Approval, Backed By GEAPP

In a significant step, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India’s first commercial standalone Battery Energy Storage System (BESS) project. This groundbreaking initiative is supported by The Global Energy Alliance for People and Planet (GEAPP’s) concessional loan amounting to 70% of the total project cost and is in partnership with IndiGrid and BSES Rajdhani […]

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Sri Lanka Inks 20-Year Wind Power Deal With Adani Green Energy

Sri Lanka has signed a deal with Adani Green Energy Limited (AGEL) for a power purchase agreement for 20 years, the country’s cabinet statement read. The company will be paid 8.26 cents per kilowatt-hours (kWh) as per the agreement for the wind energy projects it has developed, the cabinet statement said. The Sri Lankan Cabinet […]

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Adani Green Secures USD 400 Mn For 750 MW Power Projects

Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […]

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Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project

Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […]

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Climate Finance Still A Challenge For Developing Countries Amid RE Push

Amid fears of worsening impacts of climate change and the push towards renewable energy, financing for the transition to greener energy sources remains the pivotal issue. A report by the World Bank that focused on developing countries emphasised that energy transition there will require ‘unprecedented transformation of the power sector infrastructure’. Along with that, it […]

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April 30 News Briefs- Enfinity, JA Solar, Gstar, energyRE

Enfinity Global Closes $195 Million Long-Term Financing for 70MW Solar Power Plant In Japan The recently completed solar power plant in Aomori Prefecture in northern Japan is expected to generate more than 75 GWh of clean energy annually, which is enough to meet 11% of the energy needs of the city of Aomori, i.e. about […]

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AdaniConneX Parter To Build Sustainability-Linked Data Centers

AdaniConneX, a joint venture (JV) between Adani Enterprises and EdgeConneX, established sustainability-linked financing to raise to USD 1.44 billion. The financing has an initial commitment of USD 875 million, with the feature to extend the commitment up to USD 1.44 billion. This transaction can help elevate AdaniConneX’s construction financing pool to USD 1.65 billion and […]

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CESC Acquires 300 MW Under-Construction Solar Park Developer In Rajasthan

CESC Limited has announced the acquisition of a solar park of 300 MW capacity at Nokh and Gelaba Camp Village, Pokaran Tehsil in Phalodi District, Rajasthan. The company has acquired the solar park from SKP Green Ventures Private Limited. According to a filing by CESC limited, Purvah Green Power Private Limited, a step-down subsidiary of […]

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