In Short : Battery storage investment in India is projected to exceed $1 billion in 2025, fueled by the growing need for renewable energy integration, according to the IEA. However, high financing costs—up to 80% above developed nations—pose a major hurdle. The IEA emphasizes that reducing capital barriers is essential to accelerate battery deployment and […]
Standard Chartered Issues $1 Billion Social Bond to Fund Sustainable Development in Emerging Markets – EQ
In Short : Standard Chartered has issued a $1 billion social bond to fund sustainable development projects in emerging markets. The bond will support initiatives in affordable housing, healthcare, education, and job creation, targeting low- and middle-income countries. This aligns with the bank’s commitment to driving social impact and advancing global sustainability goals. In Detail […]
Jakson Green Commits $1 Billion to Fuel Renewable Energy Growth and Innovation – EQ
In Short : Jakson Green, a leading renewable energy company, has announced plans to invest $1 billion in expanding its clean energy portfolio. The funds will focus on solar, wind, and hybrid projects, aiming to significantly increase its renewable energy capacity. This move aligns with global sustainability goals and India’s push for energy transition, reinforcing […]
Juniper Green Energy Raises $1 Billion in Debt Financing to expand its Clean Energy Portfolio – EQ
Gurgaon – Juniper Green Energy, the renewable energy developer, has successfully secured US$1 billion in phased debt financing over the past few months from leading financial institutions, including Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA). This strategic funding will support the growth and development […]
Siemens Gamesa’s India wind biz up for sale at $1 billion valuation – EQ
In Short – Siemens Gamesa is putting its India wind business up for sale, valuing the unit at around $1 billion. This move aligns with the company’s strategy to refocus on core markets. The India division, a key player in the renewable energy sector, has garnered interest from several potential buyers, highlighting the increasing appeal […]
British International Investment is considering a substantial investment of $1 billion in clean energy projects in India – EQ
In Short : British International Investment is exploring the possibility of investing $1 billion in clean energy projects in India. This potential investment highlights India’s attractiveness as a destination for renewable energy projects and underscores the country’s commitment to expanding its clean energy sector. If realized, such funding would significantly contribute to India’s efforts to […]
Netherlands, Denmark to help create $1 billion South Africa hydrogen fund – EQ Mag
South Africa’s abundant wind and solar resources and industrial capacity have positioned it to potentially become a key producer of the green fuel. The Netherlands and Denmark will help create a $1 billion green hydrogen fund for investment in South African projects, according to the chief executive officer of the Development Bank of Southern Africa. […]
British Petroleum pays $1 billion under Britain’s windfall tax – EQ Mag
LONDON : BP expects to pay $1 billion under Britain’s windfall tax on the oil and gas sector between May 2022 and April 2023, the company said on Tuesday. BP paid a total of $650 million in tax in Britain in the first quarter of 2023, of which $300 million came under the Energy Price […]
UK’s Vedanta Resources cuts gross debt by $1 billion – EQ Mag
BENGALURU : Vedanta Resources Ltd, the parent of Indian resources major Vedanta Ltd on Monday said it has trimmed its gross debt by $1 billion as the firm seeks to allay concerns over its ability to meet financial obligations beyond September. Vedanta Resources has paid all its maturing loans and bonds due in April 2023, […]
ReNew Repays More Than $1 Billion to Offshore Bondholders in FY2023 – EQ Mag
– Level of Refinancing demonstrates the resilience of Renew’s funding engine – Most of the pending dollar bond maturities are now slated for FY2027 and beyond Gurugram : ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), India’s leading clean energy company and a preferred decarbonisation partner, announced on Tuesday that it has […]