India gets $1.5 Billion loan for Rooftop Solar Program

The Modi government is playing high on the rooftop solar systems and have received a much-needed boost even as the target of 40 GW installed rooftop solar power capacity by 2022 looks extremely ambitious. The Ministry of New & Renewable Energy … Continue reading

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Modi government approves Rs 5,000 crore for solar rooftop

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved scaling up of budget from Rs 600 crore to Rs 5,000 crore for implementation of Grid Connected Solar Rooftop systems over a period of five years upto 2019-20 … Continue reading

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SolarTown launches zero-down PV lease program for small facilities

SolarTown, a Chennai based firm specializing in the sale, lease and installation of solar photovoltaic (PV) rooftop systems for residential, commercial and industrial customers, announced the installation of solar rooftop systems at an initial ten branches of RBL Bank, one … Continue reading

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Global Green Energy Firms Look to enter India

Global green energy firms like NRG Energy Inc & Canada’s TransAlta are keen on entering the Indian renewable energy sector. While NRG has an installed capacity of 50,000 megawatts (MW), TransAlta is Canada’s largest publicly traded power generator and marketer of … Continue reading

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Adani still looking for solar manufacturing partners

According to sources, the Adani Group has approached Japan’s Softbank and Foxconn, to secure an investment of $3 billion to make solar cells and solar panels in India. Earlier though, Adani had made a deal with the solar giant SunEdison for $4 billion for … Continue reading

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For solar projects, ReNew Power considering Swiss PE funds

ReNew Power Ventures, a renewable energy developer, is in talks with Switzerland-based private equity (PE) firm Partners Group AG to raise $150-200 million for 400MW of solar power. ReNew Power, in which Goldman Sachs has a majority stake, has close to … Continue reading

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Renewables Will get Bulk of IFC Funding in India

Investing in clean energy for most of its approximately $700 million in infrastructure funding in India is the prime agenda of  International Finance Corp., the World Bank’s private lending arm. Renewable energy is more than a third of IFC’s infrastructure portfolio … Continue reading

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HSBC India looking to Issue Green Bonds

The Indian subsidiary of international banking giant HSBC is planning to issue its first green bond issue in the country this year. HSBC India Chairman Naina Lal Kidwai recently announced that the bank will launch green bonds to raise funds … Continue reading

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Yes Bank Raises Rs 315 Crore from IFC through Green Infrastructure Bonds

YES BANK, India’s 5th largest Private Sector Bank has raised INR 315 Crore through the issue of Green Infrastructure Bonds to International Finance Corporation, Washington, member of World Bank Group on a private placement basis. This is the first investment … Continue reading

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Japan’s Foreign Aid Arm Plans to Fund Solar Parks in India

Japan’s foreign aid arm Japan International Cooperation Agency (JICA) plans to fund solar power parks in the country, giving a fillip to India’s green energy plan. Initially, JICA may invest $500 million in the proposed solar parks. Other institutions such … Continue reading

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