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.
Energy Finance & Investment News in India
Solarpack has raised a total of USD$104 million for nine PV plants in Chile and India.
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.
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.
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.
Sembcorp’s renewable energy business in India has won a bid for a new wind power project with close to 250 MW in capacity.
The World Bank Board has approved US$100 million to help India increase its power generation capacity through cleaner, renewable energy sources.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.