Orb Energy raises over $15 million for rooftop solar
The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.
ReNew Power mulls purchase of Waaree Energies solar portfolio – reports
ReNew Power Ventures, which is backed by Goldman Sachs, is exploring an opportunity to acquire the solar assets of Waaree Energies ahead of a planned IPO, reports Mint.
Waaree Energies raises INR 1bn through Centrum-led investors
A structured credit deal has been struck between Centrum-led investors and Waaree Energies Ltd, an Indian solar power firm.
EIB partners with YES Bank to offer $400m funding boost to Indian renewables
Both the European Investment Bank and India’s YES Bank will provide $200 million investment to co-finance a series of solar and wind power projects across India.
CEEW commences ISA’s National Focal Points Conclave 2017
The conclave happened the day after ISA became a recognized legal intergovernmental body based in India. The event observed some intense discussions on the ISA’s ambitious programs. The main topic was the finance, where ISA aims to ease the process, with CEEW supporting via common risk mitigation study.
Karnataka issues 860 MW solar tender
The state’s Karnataka Renewable Energy Development Limited (KREDL) announces tender for 43 individual solar plants located in taluks – small districts dotted across the state of Karnataka.
Sunsure Energy look at $30.8 million revenue in FY2018
The New Delhi based solar developer is marking its second consecutive year of growth. Sunsure Energy founded in 2014, until now, has commissioned 6+ MW and is executing 25+ MW solar installation across India.
India-World Bank signs $100 million loan agreement for Solar Parks
India signs loan agreement with the World Bank for $100 million for large-scale solar power projects named as “Shared Infrastructure for Solar Parks Project”.
Climate Policy Initiative presents financial solutions for rooftop solar in India
CPI has summarized the present rooftop sector of India, its economics, and the financial facilities to the industry from government and banks. The analyst and advisory firm has presented the solutions for the current financial obstacles to the growth of rooftop solar. The team has advised two Indo-U.S. collaborative initiatives, USICEF and USICFP, with which these solutions can be implemented.
Greenko competing with Renew Power to acquire SkyPower
Greenko and Renew Power both companies are in talks with Canadian developer SkyPower to buy its stake in Indian solar projects.
