IFSCA and Climate Policy Initiative sign MoU on sustainable finance
The International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding to support the mobilization of sustainable finance in India.
Oriana Power completes pre-IPO funding round
The Noida-based commercial and industrial solar developer said the pre-IPO round was led by renowned stock investor Anil Kumar Goel, JSW veteran Prashant Jain and Meru founder Neeraj Gupta.
Africa50 signs MoU with International Solar Alliance to support PV projects across Africa
Africa50 and International Solar Alliance (ISA) will leverage each other’s networks to mobilize funding and raise awareness of African solar projects in European and Indian markets.
World Bank lends $200 million to increase renewable energy penetration in Himachal Pradesh
The World Bank loan will help Himachal Pradesh strengthen its power grid, enhance the share of renewable energy (RE) in its power mix, and diversify RE resources further.
Dutch government allocates €412 million to support ‘circular’ PV panel manufacturing
The Dutch cabinet said it will support solar factories that will produce panels with a circular economy approach. It also allocated €296 million to support battery manufacturing.
World Bank approves $1.5 billion to support India’s low-carbon transition
The World Bank has approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments.
Govt releases incentive guidelines for green hydrogen, electrolyzer production
The Ministry of New and Renewable Energy (MNRE) has notified the guidelines for its incentive schemes to promote the domestic production of green hydrogen and electrolyzers.
Avaada Group closes $1.3 billion funding round
The integrated energy company has closed $1.3 billion in financing for its green hydrogen, green methanol, green ammonia, solar manufacturing, and renewable power generation ventures.
Epsilon Advanced Materials plans $650 million EV battery anode facility in USA
India’s Epsilon Advanced Materials will invest $650 million to set up a graphite anode processing facility in the USA. The facility will produce high-capacity synthetic anode materials for electric vehicle (EV) batteries.
Vikram Solar, Phalanx Impact and Das & Co form JV for ingot-to-module manufacturing in USA
India’s Vikram Solar and New York-based private equity firm Phalanx Impact Partners and investment advisor Das & Co. have formed a joint venture to establish 4 GW of ingot-to-module manufacturing operations in the USA with a planned investment of up to $1.5 billion.
