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Energy Finance & Investment News in India

ADB issues green bond to support renewable energy in India

ADB issues green bond to support renewable energy in India

🕔May 18, 2017

The Asian Development Bank (ADB) has raised INR3 billion (US$47 million), from a new issue of offshore Indian Rupee-linked bonds to help finance climate change mitigation and adaptation projects in India.

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Solarpack raises US$104 million in financing for projects in Chile and India

Solarpack raises US$104 million in financing for projects in Chile and India

🕔May 17, 2017

Solarpack has raised a total of USD$104 million for nine PV plants in Chile and India.

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Macquarie Group to buy 330 MW of solar power plants in India

Macquarie Group to buy 330 MW of solar power plants in India

🕔May 3, 2017

Hindustan Powerprojects Pvt Ltd has come to an agreement to sell 330 MW of its solar power plants in India to Macquarie Asia Infrastructure Fund.

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PPAs signed for 750-MW Rewa solar project in India

PPAs signed for 750-MW Rewa solar project in India

🕔Apr 21, 2017

India’s State Government of Madhya Pradesh signed project agreements with solar power companies making Rewa Ultra Mega Solar Park a reality and helping India get closer to its 100 GW solar energy goal by 2022.

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Winners announced for India’s first wind tender

Winners announced for India’s first wind tender

🕔Apr 20, 2017

Solar Energy Corp of India Ltd (SECI) has officially announced the winners of India's first wind tender involving 1-GW of capacity's auction.

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Sembcorp wins contract for a wind power project in India

Sembcorp wins contract for a wind power project in India

🕔Apr 12, 2017

Sembcorp’s renewable energy business in India has won a bid for a new wind power project with close to 250 MW in capacity.

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World Bank Board Approves US$100 million for Large-Scale Solar Parks in India

World Bank Board Approves US$100 million for Large-Scale Solar Parks in India

🕔Apr 10, 2017

The World Bank Board has approved US$100 million to help India increase its power generation capacity through cleaner, renewable energy sources.

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Siemens and Sumitomo Electric win order for transmission project in India

Siemens and Sumitomo Electric win order for transmission project in India

🕔Mar 29, 2017

A consortium between Siemens and Sumitomo Electric Industries Ltd. has been awarded an HVDC order from Indian transmission operator Power Grid Corporation of India to supply a high-voltage direct current (HVDC) transmission system.

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Power Finance provides loan for West Bengal`s first super critical project

Power Finance provides loan for West Bengal`s first super critical project

🕔Mar 10, 2017

State-run Power Finance Corp has announced that it has sanctioned financial assistance of INR27.04 billion (US$405 million) for West Bengal`s first super critical thermal power project located in Murshidabad district.

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Gamesa to build 50-MW wind park in India

Gamesa to build 50-MW wind park in India

🕔Mar 9, 2017

India’s Infrastructure Leasing & Financial Services Limited (IL&FS) has announced it has contractect the Spanish company Gamesa to build a 50 MW wind farm in  in the state of Madhya Pradesh.

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Inox Group to sell 260 MW wind portfolio in India

Inox Group to sell 260 MW wind portfolio in India

🕔Mar 9, 2017

Renewable energy firm Inox Renewables Ltd has announced it has agreed to sell its operating wind power farms to wind power company Leap Green Energy Pvt, majority-owned by JPMorgan Chase & Co.

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India records lowest wind power tariffs

India records lowest wind power tariffs

🕔Mar 1, 2017

Record-low bids of INR3,460 (US$51.79) per MWh has been drawn in India’s first ever auction targeting 1 GW of wind power capacity.

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20 firms bid for Rewa solar power plant

20 firms bid for Rewa solar power plant

🕔Feb 6, 2017

A total of 20 firms have submitted their respective proposals for the 750-MW Rewa ultra-mega solar power project to be developed in Madhya Pradesh, India.

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AES Corporation to develop India’s first grid-scale energy storage system

AES Corporation to develop India’s first grid-scale energy storage system

🕔Jan 20, 2017

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ADB finance ReNew Power through $390 m loan

ADB finance ReNew Power through $390 m loan

🕔Jan 18, 2017

As part of its efforts to scale up private sector-led infrastructure development in Asia and the Pacific and boost support for clean energy, the Asian Development Bank (ADB) approved a new US$390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew Power, the first of which has also been signed.

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Sterlite Power achieves FC for transmission project in Haryana

Sterlite Power achieves FC for transmission project in Haryana

🕔Jan 10, 2017

Sterlite Power Transmission Limited has achieved financial closure for its transmission project that will increase electricity supply to residential, commercial and industrial establishments in Haryana, India.

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InfraCo Asia signs two agreements for India hydro power projects

InfraCo Asia signs two agreements for India hydro power projects

🕔Dec 20, 2016

InfraCo Asia Development Pte. Ltd., part of the Private Infrastructure Development Group (PIDG), has announced the signing of two separate Joint Investment and Development Agreements (JIDA), Subscription Agreements (SSA), Shareholders Agreements (SHA) with Virtuaal Infrapower.

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BGR Energy Systems wins 1,980 MW power BOT project

BGR Energy Systems wins 1,980 MW power BOT project

🕔Dec 14, 2016

BGR Energy Systems, has won the contract from Neyveli Uttar Pradesh Power Limited (NUPPL) for 3 x 660 MW (1,980 MW) Super Critical Thermal Power Project at Ghatampur, Uttar Pradesh.

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ECI to Launch 1000 MW Rooftop Solar PV Scheme

ECI to Launch 1000 MW Rooftop Solar PV Scheme

🕔Dec 13, 2016

Solar Energy Corporation of India (SECI) has launched a tender of 1000 MW capacity for development of grid-connected rooftop solar capacity for Central Government Ministries/Departments. 

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Greenko completes of SunEdison's India assets

Greenko completes of SunEdison's India assets

🕔Dec 2, 2016

Greenko Energy Holdings has completed the acquisition of SunEdison’s 587 MW Indian wind and solar projects for a cash payment of US$42 million and assumption of project-level debt of US$350 million (at an average interest rate of 11.3 percent). The enterprise value of the transaction is approximately US$392 million.

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