PFC signs MoUs for clean energy lending worth around $29 billion
Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Ltd, and Rajasthan Renewable Energy are amongst companies that signed the MoUs to raise funds for their clean energy projects.
ReNew signs MoUs worth $7.8 billion for green energy projects
Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) committed debt funding of $3.9 billion each.
HPCL building 370 tpa green hydrogen plant in Andhra Pradesh
Hindustan Petroleum Corp. Ltd (HPCL) is setting up a 370 tpa (tonnes per annum) green hydrogen plant at its Visakhapatnam Refinery in Andhra Pradesh.
Avaada announces $2.44 billion REC funding for energy transition projects
Avaada has signed an agreement with REC for INR 20,000 crore (around $2.44 billion) investment to fund its multiple projects over the next five years.
Govt to retender 20 GWh battery cell capacity under PLI Scheme
The Ministry of Heavy Industries (MHI) will retender the 20 GWh advanced chemistry battery cell capacity that was left unallocated after Hyundai Global Motors Co., one of the winners of the 50 GWh PLI tender, withdrew from the scheme last year.
Tata Group to invest over $5 billion in 40 GWh UK battery fab
Tata Group will build a 40 GWh battery factory in the UK to produce batteries for Jaguar Land Rover (JLR) and other EV manufacturers in the UK and Europe.
First half 2023 total solar corporate funding increased 54% year-over-year
According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion.
European solar manufacturers secure EU financial support
Norsun and Midsummer have both secured financing to support their capacity expansion plans. Norway’s Norsun plans to raise its polysilicon capacity to 3 GW and Midsummer wants to build a 200 MW module facility in Sweden.
Oriana Power looks to raise up to INR 60 crore through IPO
The Noida-based commercial and industrial solar developer will use the proceeds for working capital, ‘Resco mode’ project capex, and technology upgradation requirements.
EIB to provide EUR 1 billion for India’s National Green Hydrogen Mission
European Investment Bank (EIB) Vice-President Kris Peeters will confirm a EUR 1 billion loan for India’s National Green Hydrogen Mission on his four-day business visit to India this week.
