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    India to launch $1-b equity fund for renewable energy

    According to reports, India proposes to launch a $1-billion equity fund, with seed capital from public sector units, to support renewable energy companies. Addressing a ‘Talkathon’ ahead of the 2015 Paris Climate Conference or COP-21, Piyush Goyal Minister of State (Independent Charge) Power, Coal and New & Renewable Energy, said, “While we hope the Paris talks will help developed countries provide long-tenor low-cost funding, we are also preparing ourselves to see how we can finance our renewable energy thrust.” “We ... Read More »

    Renewable projects more attractive in India: PwC-Mytrah

    According to reports, renewable energy projects are financially more attractive and market-led in India as compared to other countries, says a PwC-Mytrah report on clean energy sector. India’s renewable energy development is commercially led and demand driven, unlike in Europe which offers subsidies or bears losses incurred in displacing existing coal or nuclear power, it said. “The renewable energy sector offers not just a major growth opportunity but one that is financially attractive and market-led in relation to other countries,” ... Read More »

    Solar power: make hay while the sun shines

    According to reports, of late, we have seen some intriguing discussions on the rationale and viability of the proposed five-fold increase in targeted installed solar power capacity from 20 GW to 100 GW by 2022. To achieve the targeted capacity, it is imperative that an environment is cultivated which induces confidence in investors to invest in this sunrise sector. This necessitates development of a prudent policy framework, which is ably supported by regulatory commitments with respect to honouring all the ... Read More »

    SunEdison sells 425 Mw of projects for $231 million in India

    According to reports, SunEdison, Inc, and TerraForm Global, Inc, a diversified owner and operator of clean energy projects, today announced that they have entered into an agreement under which SunEdison sells TerraForm Global a series of projects located in India for an aggregate equity consideration of $231 million, subject to purchase price adjustments. TerraForm Global, Inc., is emerging markets yieldco vehicle of SunEdison. The projects will generate 425 megawatts of capacity in all. A portion of the purchase price was ... Read More »

    Solar power cos’ funding struggle slows transition to green tech

    According to reports, Indian solar power developers are struggling to find cheap sources of finance, slowing the process of switching to greener technologies. “There are very limited options for raising debt financing from abroad (for solar power developers in India). Typical sources include multi or bilateral agencies such as IFC, ADB, US Exim, KFW, OPIC and others. But all these agencies have long and costly credit assessment processes and that’s why such financing is usually viable only for large projects ... Read More »

    IDBI Bank gains after raising $350 million from issue of Green Bonds

    According to reports, IDBI Bank had launched a US dollar denominated Green Bond issue having a size of $350 million and tenure of 5 years on 23 November 2015. The issue received an overwhelming response from investors and was subscribed by 3 times. The issue was made under the $5 billion medium term note (MTN) programme listed on the Singapore Stock Exchange. The issue had an initial price guidance of 270 basis points (bps) above 5 year treasury yield. Final ... Read More »

    Sebi to clear framework on green bonds

    According to reports, the Securities and Exchange Board of India (Sebi) is set to unveil rules on monitoring the end-use of green bonds and may propose incentives for companies to issue them at its board meeting on Monday. “Sebi is working on regulations that will incentivise companies to launch green bonds. We would like these bonds to be listed on the domestic exchanges instead of on overseas exchanges,” said a source privy to the development. “Regulations by Sebi are likely ... Read More »

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