Brookfield targets $10 billion of renewable assets under management in India in four years
Brookfield Asset Management targets to more than triple renewable energy assets under management in India to over $10 billion within the next three to four years.
Adani Group to invest more than $100 billion in energy transition over the next decade
Next decade will see Adani Group invest more than $100 billion in the energy transition space and further expand its integrated renewable energy value chain—chairman Gautam Adani at CRISIL Ratings Annual Infrastructure Summit 2024.
IFC to finance Brookfield’s 550 MWp Bikaner solar power project
International Finance Corp. (IFC) has committed $105 million to Brookfield Asset Management’s 550 MWp solar power project in the Bikaner district of Rajasthan.
India renewable growth story to continue to shine
Renewable capacity addition is expected to remain at around 15-17 GW annually, owing to significant reduction in the module prices over the past 12 months and availability of liquidity.
Financing the MSME sector to power India’s renewable energy goals
India has already seen several success stories where innovative financing has empowered MSMEs in the renewable energy sector. For instance, the Indian Renewable Energy Development Agency (IREDA) has launched schemes specifically designed for MSMEs. These schemes offer concessional loans and financial assistance, making it easier for MSMEs to undertake renewable energy projects.
$89 billion worth of investments likely to flow into the C&I RE sector in India by 2030
An additional 120 GW of C&I RE capacity is required to be set up by 2030 for India to attain its solar and wind target of 420 GW by 2030. This translates to US$89 billion worth of investments flowing into the sector between 2024 and 2030.
Green hydrogen hubs: Unfolding India’s potential
Hydrogen hubs, which are organised areas where production and utilisation facilities are closely linked, can make green hydrogen projects more viable. This cluster-based approach addresses the technical, logistical, and commercial challenges of long-distance hydrogen transport, enhances project viability, and allows for economies of scale and concentrated infrastructure.
Industry tie-ups and innovative financing mechanisms will drive MSMEs’ renewable energy adoption in India
Innovative financing mechanisms, such as credit guarantees and first-loss coverage, are essential to funding MSMEs’ adoption of renewable energy.
GP Eco Solutions IPO to open for subscription on Friday
The initial public offering (IPO) comprises a fresh issue of 3,276,000 equity shares with a face value of INR 10 each through the book-building route. Price band is fixed at INR 90-94 per share.
HomeScape by Amplus Solar partners SBI to provide easy finance options for residential solar customers
HomeScape by Amplus Solar customers can secure State Bank of India (SBI) loans of up to INR 200,000 for residential solar installations up to 3 kW and INR 600,000 for installations up to 10 kW.
