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solar project finance

Over Rs 150 Crore Rooftop Solar Power Scam Surfaces in JAKEDA

A multi-crore scam has surfaced in Jammu and Kashmir Energy Development Agency (JAKEDA). Solar Projects worth Rs 155 crore for supply, installation and commissioning of roof top solar power plants were allotted to 10 firms without any tenders while the 14 other firms which qualified in the tendering process got just Rs 42.35 crore contract, […]

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Canadian Solar Secures $50Mn Loan For International Project Pipeline

Canadian Solar, one of the world’s largest solar power companies, recently announced the closing of a US$50 million term loan from Credit Suisse AG, Singapore Branch. The company issued in a statement that it intends to deploy the term loan to support the development of international solar project pipeline and for general corporate purposes. The U.S. dollar-denominated term loan […]

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CDPQ Invests in Lightsource BP For $194 MN Solar Financing Platform

The facility will initially be used to finance a diversified portfolio composed of over 100 solar projects located across various countries and totalling more than 700 MW. Canadian institutional investor, Caisse de dépôt et placement du Québec (CDPQ) and Lightsource BP recently announced a debt investment of £150 million ($194 million) to finance a portfolio of solar assets […]

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Ørsted Issues Green Bonds to Finance Next Wave of Offshore Wind Projects

The investment strategy will include the investment in the biggest offshore wind farm in the world, the Hornsea 2 in the United Kingdom with a capacity of 1,386 MW.  The largest energy company in Denmark and the world’s largest offshore wind energy developer, Ørsted has successfully issued green bonds. The company announced in a statement […]

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Demand of Solar Powered Devices in Odisha Shoots Up after Cyclone Fani

Cyclone Fani might have sent shudders down plans for large sized solar parks in the region, but ironically, the demand for distributed solar products has gone up. People are now grappling with water shortage, lack of electricity, poor mobile connectivity and cash crunch. With no end to electricity woes on sight, residents of the capital […]

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Rooftop Solar the Key to India’s 175 GW Renewables Target: Report

The report estimates that for the next three years, solar rooftop installations will grow at a compound annual growth rate of 50 percent, suggesting a cumulative 13 GW of installed capacity by FY2021-22. Rooftop solar is the fastest growing renewable energy sub-sector in India but installations must rapidly accelerate if the nation is to meet […]

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Solar Project Investor PFS Reports 12.7% Growth in 2018-19

Indian power projects investor. PTC Financial Services (PFS) has issued its results for the financial year 2018-19. For PFS the total revenue for the year stood at Rs 1,336.51 crore, which was Rs 151.36 crore more than the company reported in the previous year (FY 2017-18) at Rs 1,185.15 crore. From 2017-18 to 2018-19 the […]

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Enel Brings Online its First Solar Facility in Zambia

Upon completion, the facility is expected to produce around 70 GWh of electricity every year, while avoiding the annual emission of over 25,600 tons of CO2 into the atmosphere. Enel Green Power, the Enel Group’s global business line dedicated to renewable energy, has started operations of the 34 MW Ngonye solar PV plant, which is the Group’s […]

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EBRD Grants €48 Mn Loan For 220 MW Wind Project in Poland

The wind farm is expected to make a major contribution to reducing air pollution by replacing 480,000 tonnes of CO2 emissions annually. In its first project in renewable energy in Poland in over three years, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting the 220 MW Potegowo wind farm […]

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