Revfin Services Private Limited, a pioneer and leader in the Indian EV Financing space, has successfully secured a $5 million investment from the United States International Development Finance Corporation (DFC). This investment is part of DFC’s Portfolio for Impact and Innovation, with a focus on promoting inclusive financing for electric vehicle (EV) adoption in India. […]
DFC aims to promote inclusive financing for EV adoption across India with its $5 million investment in Revfin – EQ Mag
Revfin plans to utilize the funds for new products and expansion to new geographies. New Delhi : Revfin Services Private Limited, a pioneer and leader in the Indian EV Financing space has secured $5 million from the United States International Development Finance Corporation (DFC). The investment is part of DFC’s Portfolio for Impact and Innovation […]
Orb Energy raises a $20 Million loan from DFC – EQ Mag Pro
Orb Energy, a vertically integrated provider of solar energy solutions in India, has raised a $20 million follow-on loan from United States International Development Finance Corporation (DFC) to support its in-house financing facility for rooftop and ground mounted solar customers in India. The Bengaluru-based firm had received its first loan of $10 million from the […]
Orb Energy Secures Follow-On Funding from US Development Finance Institution, DFC – EQ Mag Pro
Orb Energy receives the first tranche of DFC’s most recent loan of $20 million USD for its Unique In-House Finance Facility for Rooftop and Ground-Mounted Solar BANGALORE, INDIA : Orb Energy, a vertically integrated provider of solar energy solutions in India, announced today that it has received a $20 million USD follow-on loan from United […]
DFC Announces Approval to Provide up to $500 Million of Debt Financing for First Solar’s Vertically-Integrated Thin Film Solar Manufacturing Facility in India – EQ Mag Pro
Loan represents the largest single debt financing transaction for DFC WASHINGTON : U.S. International Development Finance Corporation (DFC) today announced it approved up to $500 million of debt financing for First Solar, Inc. (Nasdaq: FLSR), the largest American solar manufacturing company, subject to negotiations of definitive agreements. The DFC financing will support the company’s previously […]
Mozambique Launches Construction of $1 Bln Power Plant, Transmission Line
Upon completion, the gas-to-power Temane Thermal Power Plant will have a capacity of 450 megawatts. MAPUTO : Mozambique on Monday began construction of gas-to-power plant and transmission line projects worth $1 billion in the southern province of Inhambane as the government aims to boost energy supply. The World Bank is one of the financing partners […]
USAID to launch multi-year project in Bangladesh to promote growth through energy
The project will not only reduce emissions but also will improve living standards for the people of Bangladesh. USAID will soon launch a multi-year project of up to $17 million in Bangladesh, called “Bangladesh Advancing Development and Growth through Energy (BADGE),” subject to the availability of funds. This multi-year initiative will work to expand Bangladeshis’ […]
Gahlot asks commercial vehicle owners to convert half of their fleet to electric
New Delhi : Delhi Transport minister Kailash Gahlot on Sunday urged commercial vehicle owners to convert half of their fleet to electric by 2023, saying a five per cent interest subvention scheme will be soon launched for them. The Delhi government is working on a plan to allow electric goods carriers to ply on city […]
SunFunder reaches $70 million close for Solar Energy Transformation Fund
SunFunder’s Solar Energy Transformation Fund backs solar companies improving energy access across Africa and Asia. The off-grid solar finance company’s blended-finance fund closed $70 million with investments from OeEB, the development bank of Austria, Swedfund, Bank of America, Mercy Investment Services, the Schmidt Family Foundation and members from the Toniic impact investor network. The nine-year […]
Delhi govt will offer interest subvention of 5 per cent for EV policy: Gahlot
Transport Minister Kailash Gahlot on Sunday said that the Delhi government will soon introduce interest subvention of up to 5 per cent in purchase of electric-run vehicles in the city. New Delhi: Transport Minister Kailash Gahlot on Sunday said that the Delhi government will soon introduce interest subvention of up to 5 per cent in […]