Finance

ReNew Power 2

ReNew Power secures USD 390 million debt funding from ADB

Renewable energy firm ReNew Power Ventures Ltd today announced that it has secured long-term debt financing of USD 390 million (approx. 2,650 crore) from Asian Development Bank (ADB). “This is the first transaction to include in its financing plans … More →

Warburg Pincus

Warburg aims for $8 billion investments in 10 years in India

Private equity group Warburg Pincus may invest $8 billion in India over the next 10 years — twice of what it did in two decades — as the New York-headquartered firm extends its long-term bet … More →

MNRE 2

India reveals financial support of $55,000 for rooftop solar capacity boost

In a new policy move, the Ministry of New and Renewable Energy (MNRE) has announced financial incentives for DISCOMs to support rooftop solar installations. The notification proposes a financial support of up to INR 3.75m … More →

mercom

Total corporate funding in India’s solar sector dropped 64% to $9.1b

According to Mercom Capital, India’s total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing, raised by public companies came to $9.1 billion, compared to $25.3 … More →

Suzlon (2)

Suzlon looking to raise Rs 800 cr; invest in renewable assets

A report in the Livemint says that the wind turbine maker Suzlon is looking to raise Rs 800 crore from private equity investors. Asia Climate Partners (ACP) and Olympus Capital Asia are the PE investors … More →

Sterlite Power

‘India needs to incentivise early commissioning of projects’

Sterlite Power CEO Pratik Agarwal feels that the government needs to cut red tapism and incentivise early commissioning of projects to boost the power transmission sector in the country. Sharing lineage with Vedanta Group, Sterlite … More →

Govt. Of Telangana

Telangana govt to revamp ₹ 2,974 cr discom debt

The Telangana Government is set to take over 75 per cent of the discoms debt of ₹8,923 crore out of ₹ 11,897 crore (as on September 2015) and the balance loan amount of ₹2,974 crore … More →

PTC India

PTC India Financial Services upbeat about renewable energy, honcho Ashok Haldia explains

Over the last two years, PTC India Financial Services (PFS) has grown its loan assets primarily with renewable energy projects. These projects now occupy over 50% of its loan books. Ashok Haldia, managing director & … More →

ReNew Power 2

ReNew Power Ventures raises Rs 500 crore through green bonds

ReNew Power Ventures has raised Rs 500 crore through issue of certified green bonds this month to finance its wind energy projects in Dhar and Ujjain districts of Madhya Pradesh. “The bond has been fully … More →

Hero Future Energies

IFC to invest up to USD 125 mn in Hero Future Energies

International Finance Corp (IFC) will invest up to USD 125 million in Hero Future Energies, the renewable energy venture of the Hero Group. “IFC together with IFC Global Infrastructure Fund will invest up to USD … More →