Business & Finance

Sweden- Vasakronan signs a SEK 2 billion green energy loan agreement with the EIB

The EIB green energy loan facility is unsecured and provides Vasakronan with flexible financing with a maturity of up to 10 years. Vasakronan has the option of drawing the loan over a three-year period in several tranches. The loan facility supports the new construction and renovation of five properties, all of which have a low […]

Business & Finance

ANDRITZ bags over Euro 50 million equipment contract for J&K hydro power project

June 23, 2020 Anand Gupta

The 624 Megawatt project is located on the Chenab river in Kishtwar district. New Delhi: Austria-based technology company ANDRITZ today announced it has bagged a contract worth over Euro 50 million from Chenab Valley Power Projects for supplying the complete electro-mechanical equipment for the run-of-the-river Kiru hydropower plant in Jammu & kashmir. The 624 Megawatt […]

Business & Finance

Glennmont Partners, PGGM fund form Italian renewables venture

June 22, 2020 Anand Gupta

LONDON: Fund manager Glennmont Partners said on Monday it had established a joint venture with PGGM Infrastructure Fund to manage a portfolio of Italian renewable energy assets. The new company, called Green Energy Management Services, will develop, build and operate large portfolios of clean energy assets across Italy. It will begin operations with around 400 […]

Business & Finance

CLIR RENEWABLES SECURES C$1.7M DEBT FACILITY WITH SILICON VALLEY BANK

June 22, 2020 Anand Gupta

Clir invests in expanding reach of innovative renewable energy optimization software in new markets, targets a 5% increase in global clean energy output Vancouver: Clir Renewables, the leading provider of performance assessment software for renewable energy, has secured a C$1.7m loan with Silicon Valley Bank, the bank of the world’s most innovative companies and their […]

Business & Finance

Goldman Sees $16 Trillion Opening as Renewables Pass Oil and Gas

June 17, 2020 Anand Gupta

Spending on renewable power is set to overtake oil and gas drilling for the first time next year as clean energy affords a $16 trillion investment opportunity through 2030, according to Goldman Sachs Group Inc. Renewables including biofuels will account for about a quarter of all energy spending next year, up from about 15% in […]

Business & Finance

Danish Fund Raises $1.7 Billion for Green Energy Investments

June 17, 2020 Anand Gupta

Copenhagen Infrastructure Partners marks first close of fund Fund seeks to be world’s biggest for renewable infrastructure Copenhagen Infrastructure Partners raised 1.5 billion euros ($1.7 billion) for a new fund that it aims to be the biggest in the world dedicated to renewable energy infrastructure investments. The fund’s first close is a sign that investors […]

Business & Finance

Renewable investor ENKRAFT takes stake in Energiekontor

May 6, 2020 Anand Gupta

ENKRAFT, also a top-10 shareholder in wind farm developer PNE AG, pointed to the ongoing expansion of renewable energy sources around the world, a trend that has continued unabated in light of the coronavirus pandemic FRANKFURT: Energy investor ENKRAFT has taken a stake of close to 3 per cent in German solar and wind project […]

Business & Finance

Solar PV corporate funding expected to take a hit

April 20, 2020 Anand Gupta

Lack of venture capital investment and reduced public market financing activity due to the COVID-19 pandemic is squeezing cash flows. Between January and March this year, total corporate funding in the solar PV sector amounted to $1.9bn, spanning across 17 deals. This is 31% less than the $2.8bn achieved last year. Furthermore, global venture […]

Business & Finance

Azure Power reveals revenue guidance in the wake of coronavirus epidemic

April 13, 2020 Anand Gupta

Azure Power Global, a solar power producer in India, announced certain operational and financial updates – in the wake of coronavirus epidemic. Azure Power expects revenues of between INR 12,900 million – 13,000 million which is in line with guidance of INR 12,770 – 13,350 million and 1,808 MWs were operational, which is also in […]

Business & Finance

Adani Green Energy shares jump 5 pc on Total SA deal

April 9, 2020 Anand Gupta

Total SA on Tuesday said it has invested Rs 3,707 crore to set up 50:50 joint venture with Adani Green Energy Ltd (AGEL) through its step-down subsidiary New Delhi: Shares of Adani Green Energy gained 5 per cent on Wednesday after Total SA said it has invested Rs 3,707 crore in a solar energy joint […]