IFC, a member of the World Bank Group, has invested INR 6.67 billion (US$103 million) in L&T Infrastructure Finance Company Ltd. by subscribing to the first official Green Bonds in India.
Energy Finance & Investment News in Asia
The European Investment Bank (EIB) board has approved €4.3 billion (~US$5 billlion) in financing for the development of energy projects, including renewables, in Europe and India.
The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has today issued the request for qualification (RFQ) for 400 MW of wind power in Dumat Al Jandal, in Al Jouf region of Saudi Arabia.
K-Electric has unveiled the plan for the development of a 900 MW power project that will significantly increase generation capacity and play a critical role in further supporting the energy needs of Karachi, Pakistan.
GE Energy Financial Services, the energy investing unit of General Electric, has raised the largest solar energy fund in Japan to invest in Japanese solar power projects.
The European Bank for Reconstruction and Development (EBRD) has announced the signature of a mandate letter for the co-financing of a new solar plant in Kazakhstan near the world-famous space centre in Baikonur.
Armenia's Ministry of Energy Infrastructures and Natural Resources has received applications from 20 different bidders from China, USA, Germany, Spain, South Korea, Iran and other countries for the construction of the 50 MW solar project near the village of Masrik in the province of Gegharkunik.
China Everbright Greentech Limited has announced that it has secured Wendeng Biomass Electricity and Heat Cogeneration Project.
The Tamil Nadu Energy Development Agency (TEDA) has issued a request for proposal (RFP) for the development of a 500 MW solar park in the state through solar power park developers (SSPDs).
The Asian Development Bank (ADB) is supporting Electricite Du Cambodge (EDC) in setting up a national solar park program to exploit Cambodia’s solar resources.
The Maharashtra State Power Generation Company (MAHAGENCO) has launched the expression of interest (EoI) for the development of of up to 2 GW of new solar power capacity across Maharashtra.
Solar Energy Corporation of India (SECI) has launched another solar tender for the 750-MW Grid Connected Solar Photo Voltaic Power Projects in the state of Rajasthan.
A tender by Tamil Nadu Generation and Distribution Corporation (TANGEDCO) to procure 1500 MW of solar power has been oversubscribed, with 3,780 MW of bids.
The European Bank for Reconstruction and Development (EBRD) has agreed to provide a total of US$70 million to finance the construction of an up to 51-MW solar park in Jordan.
Cleanergy and Datang Holdings New Energy Technologies have entered the execution phase of a Stirling Concentrated Solar Power (CSP) project in China.
First Solar, Inc. has announced today that has signed a syndicated development loan facility agreement of approximately JPY7 billion (US$64 million) with Mizuho Bank Ltd.
The financing for Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has been completed. The 800-MW project is being developed by a Masdar-led consortium.
The Solar Energy Corporation of India (SECI), a company of the Ministry of New and Renewable Energy (MNRE), has launched a tender process for 1,000 MW of Interstate Transmission System (ISTS)-connected wind power projects under Tranche-II.
The EBRD is financing the 50 MW Burnoye Solar-2 project in Kazakhstan in partnership with the multilateral Clean Technology Fund (CTF).
Khyber Pakhtunkhwa's government (Pakistan) has decided to carry out the 545-MW Kaiga Hydro project at Kandia valley in Kohistan.