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AIIB approves US$65 million for Hero Future’s 250 MW solar project

By : Sustainability ..., Dec 24, 2019

After a US$75 million loan to Tata Cleantech Capital, the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has agreed to invest US$65 million in a 250 MW grid-connected solar power project by another Indian developer Hero Future Energies. The project—located...

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Adani Green’s $362-Million Bonds Issue Gets Global Interest

By : Sustainability ..., Dec 17, 2019

Billionaire Gautam Adani's renewable energy firm Adani Green Energy Ltd.'s $362.5 million (about Rs 2,570 crore) bonds issue attracted interest of investors worldwide, the company said on Monday. This was the first ever deal from India to use an amortising project finance...

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India to invest Rs 4 lakh crore to meet 175 GW renewable energy target by 2022: R K Singh

By : Sustainability ..., Dec 12, 2019

The government has estimated an investment of about Rs 4 lakh crore over the course of next three years to meet the country's 175 gigawatt (GW) renewable energy target, power and renewable energy minister R K Singh said recently. "A cumulative renewable energy capacity of 83....

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India assures renewable developers of pro-business policies

By : Sustainability ..., Dec 11, 2019

The government has assured renewable energy developers of providing more business-friendly environment and policies like payment secuirty mechanism to lower risk on investment. "Government is committed to managing curtailments to enhance the ease of doing business for...

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Soft Bank sister firm to invest USD 4 bn in renewable energy in Gujarat

By : Sustainability ..., Dec 9, 2019

SB Energy, a sister company of Soft Bank of Japan, has announced that it will invest USD 4 billion or Rs 30,000 crore in renewable energy sector in Gujarat, a state government release said on Friday. The announcement was made at a meeting between chief minister Vijay Rupani...

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Odisha CM launches solar power, cement, steel projects worth Rs 8,939 crore

By : Sustainability ..., Dec 2, 2019

Odisha Chief Minister Naveen Patnaik on Saturday launched 27 industrial projects, involving a total investment of around Rs 8,939 crore. The projects are expected to create employement opportunities for about 12,142 people. Patnaik inaugurated five projects and performed...

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Distributed Energy’s rooftop solar aggregator platform raises Rs 100 million funding

By : Sustainability ..., Nov 29, 2019

Rooftop solar developer Distributed Energy has launched an online platform that connects credible renewable energy projects with investors. After comprehensive due diligence on several metrics, energy customers can have their fundable projects listed on its marketplace....

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Proparco makes USD-15m equity infusion in India's Avaada Energy

By : Sustainability ..., Nov 21, 2019

Proparco, a subsidiary of French development agency Agence Francaise de Developpement (AFD), has invested USD 15 million (EUR 13.6m) in equity in Indian renewable power producer Avaada Energy Pvt Ltd, Mercom Capital reports. Details on the investment were not provided. The...

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Odisha to spend Rs 110 crore for green energy

By : Sustainability ..., Nov 19, 2019

The State Government will spend around Rs 110 crore to generate 9,623 kW solar energy this year. A total of 29 off-grid projects will be executed in the State during 2019-20 fiscal to generate green energy. Most of these projects will be roof-top solar units connected to...

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Solar power: Projects worth Rs 50,000 crore in pipeline for Ladakh, says Amit Shah

By : Sustainability ..., Nov 18, 2019

Development plans entailing total investments of Rs 50,000 crore in power, solar energy, education and tourism sectors are in the pipeline for the newly-created Union territory of Ladakh, home minister Amit Shah said on Sunday. Launching the sale of winter-grade diesel in...

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