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ADB Approves $148 Million Loan for Modernization of Sikkim’s Power Distribution

The Asian Development Bank (ADB) has approved a $148.5 million loan to enhance, upgrade, and climate-proof the electricity distribution system in Sikkim and improve the...

May 17, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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ADB Raises ₹12.5 Billion in Green Masala Bonds to Finance Renewables

The Asian Development Bank (ADB) has raised ₹12.5 Billion (~$150 million) through green bonds, making it the largest Indian rupee bond to date. The proceeds from this...

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Assam Issues Consultancy Tender for 1,000 MW Solar Project

The Assam Power Distribution Company Ltd (APDCL) has invited expressions of interest (EoI) for project management consultant services for a 1,000 MW grid-connected solar...

January 30, 2024

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Staff

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Solar

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Tenders & Auctions
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EV financing Platform Revfin Secures $14 Million Funding

India-based digital lending platform Revfin has secured ₹115 million (~$14 million) in the latest round of funding to expand financing for electric vehicles, charging...

December 27, 2023

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Staff

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Electric Vehicles

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Finance and M&A
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Daily News Wrap-Up: Investments in Indian Solar Sector Down 22% YoY in Q3

Investments in the Indian solar sector in the third quarter of the calendar year 2023 totaled $1.57 billion (~₹129.86 billion), a 22% year-over-year decrease from $2.02...

December 6, 2023

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Mercom Staff

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Daily Wrap-up
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ADB Approves $200 Million Loan to Enhance Power System Efficiency in Uttarakhand

The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and dependability of Uttarakhand’s electricity supply and help...

December 5, 2023

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Staff

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Other

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Renewable Energy
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ADB Approves $250 Million Loan for India’s Power Sector Reform

The Asian Development Bank (ADB) has approved a $250 million (~₹20.8 billion) policy-based loan to strengthen India’s power sector, supporting a speedy transition...

December 4, 2023

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Staff

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Other

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Renewable Energy
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ADB to Loan ₹1.2 Billion for Fourth Partner Energy’s Solar Open Access Project

Fourth Partner Energy has entered into an agreement with the Asian Development Bank (ADB) to secure a long-term loan of up to ₹1.2 billion (~$14.7 million) for...

August 28, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Maldives Invites Bids for 20 MW of Grid-Connected Solar Projects

The Ministry of Finance, Maldives, on behalf of the Ministry of Environment, Climate Change and Technology, has invited bids to select developers to install 20 MW of...

May 16, 2023

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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ADB Launches New Financing Program to Accelerate Climate Action in APAC

The Asian Development Bank (ADB) has announced a new financing program for the Asia Pacific (APAC), which will significantly help the region accelerate actions required...

May 3, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Tata Power Delhi Raises $18.2 Million from ADB for Grid Enhancements

Asian Development Bank (ADB) said it would invest in non-convertible debentures worth ₹1.5 billion (~$18.2 million) issued by Tata Power Delhi Distribution Limited...

April 10, 2023

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Gautamee Hazarika

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Finance and M&A

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Other

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Renewable Energy
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ADB to Loan ₹7.5 Billion to SAEL for 74.5 MW Biomass Energy Projects

India-based solar and agricultural waste-to-energy company SAEL Industries has signed loan agreements with the Asian Development Bank (ADB) for up to ₹7.5 billion (~$91....

March 23, 2023

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Satish Shetty

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Other

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Renewable Energy
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Asian Development Bank Proposes Business Models for Rooftop Solar in India

The Asian Development Bank (ADB) has suggested various business models for the deployment of rooftop solar systems in India on a larger scale with utilities as the...

January 9, 2023

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Rakesh Ranjan

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Rooftop

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Solar
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Daily News Wrap-Up: CATL to Supply 7.5 GWh Battery Storage System to Gresham House

Here are some noteworthy cleantech announcements of the day from around the world: Contemporary Amperex Technology (CATL) and Gresham House Energy Storage Holdings...

December 23, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Project Finance Brief: GridStor Acquires 2 GWh of Energy Storage Projects

From: Mercom Capital Group GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a portfolio of storage...

November 2, 2022

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Staff

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Finance and M&A

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Solar

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