REC lists its first global notes worth $700 million on India INX

Mumbai: REC on Tuesday listed its first global notes worth $700 million on India INX’s Global Securities Market. The 5-year bond has an annual yield of 5.25 per cent maturing on November 13, 2023. “The success of both the 144A and Reg S tranche is attestation of the strong global investor interest in building exposure […]

Business & Finance

EnSync Energy Announces Sale of Solar PPA for Oceanic Institute

November 13, 2018 Anand Gupta

Installation will deliver affordable clean energy to Hawai’i Pacific University’s not-for-profit aquaculture research center HONOLULU: EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems, which is creating the future of electricity with innovative residential and commercial distributed energy resource (DER) systems and Internet of Energy (IOE) control platforms, today announced the sale of a 20-year […]

Business & Finance

SunEast closes development capital investment from New Energy Capital

November 13, 2018 Anand Gupta

OLD SAYBROOK, Conn.: SunEast Development LLC (“SunEast”), a leading developer of solar-generating projects, is pleased to announce the closing of a development capital raise from New Energy Capital Partners, LLC (“NEC”). The capital funding will support the continued development of a 105 MWAC solar portfolio acquired by SunEast in June 2018, and further accelerate the […]

Business & Finance

RENAC and IFC Partner to Green the Banking Sector in Latin America and the Caribbean

November 13, 2018 Anand Gupta

PUNTA CANA, Dominican Republic: The International Finance Corporation (IFC), a member of the World Bank Group and the Renewables Academy AG (RENAC), an international training provider for green energy technologies, today signed a cooperation agreement to support green banking in Latin America and the Caribbean (LAC) at the Federation of Latin American Banks’ (FELABAN) Annual […]

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Business & Finance

Dana Olson joins DNV GL as Global Solar Segment Leader

November 12, 2018 Anand Gupta

Dr Olson’s expertise and leadership will enable the acceleration of the solar industry OAKLAND, CA, U.S.: DNV GL is pleased to announce that Dana Olson is the new Global Solar Segment Leader for DNV GL. With his many years of experience at the U.S. Department of Energy (DOE) and the National Renewable Energy Laboratory (NREL), […]

Business & Finance

Boralex discloses its results for the third quarter of 2018

November 11, 2018 Anand Gupta

Recent acquisitions strengthen the Corporation’s position as a leading wind farm operator. MONTRÉAL: For the first nine months of 2018, Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX) reported EBITDA(A) of $200 million ($233 million)1, up 9% (8%) from $183 million ($215 million) for the comparative period of 2017. EBITDA(A) for the three-month period ended September 30, 2018 was comparable to that […]

Business & Finance

ADB, Gulf SRC Sign Deal to Build 2,500 MW High-Efficiency Power Plant in Chonburi

November 11, 2018 Anand Gupta

BANGKOK, THAILAND: The Asian Development Bank (ADB) and Gulf SRC Company Limited (Gulf SRC) have signed a $227.7 million loan agreement to help finance the construction and operation of a first-of-its-kind 2,500 megawatt (MW) combined cycle power plant in Chonburi Province of Thailand. The loan for the Chonburi Natural Gas Power Project will help provide […]

Business & Finance

Wind turbine maker Vestas turns in record order book

November 9, 2018 Anand Gupta

The value of the backlog of wind turbine orders and service agreements stood at 23.7 billion euros ($27.2 billion) at the end of the third quarter Copenhagen: Vestas, the world’s largest wind turbine manufacturer, said its order book had reached an all-time high, but falling prices took the gust out of the company’s sales figures. […]

Business & Finance

EBRD and Bank Audi partner for first green finance project in Lebanon

November 9, 2018 Anand Gupta

EBRD signs first Green Economy Financing Facility (GEFF) in Lebanon US$ 100 million from EBRD to Bank Audi to finance green projects Bank Audi commits additional US$ 100 million for green projects Strengthening sustainable energy in Lebanon, the European Bank for Reconstruction and Development (EBRD) and Bank Audi, the largest bank in Lebanon, are joining forces by providing […]

Business & Finance

EBRD lends €6 million to Union Bank to boost green energy investments in Albania

November 8, 2018 Anand Gupta

EBRD provides €6 million loan to Union Bank Albania for boosting energy efficiency. Programme to support investments in residential green technology projects. Finance provided under EBRD €85 million Green Economy Financing Facility for the Western Balkans. The private residential and building sector in Albania will benefit from wider access to finance thanks to a €6 […]