In Short : Export credit agencies (ECAs) are playing a growing role in financing the global energy transition. With a shift from fossil fuels to renewables, agencies like UKEF and Euler Hermes are backing cleaner projects. International efforts such as the OECD coal ban and Net-Zero ECA Alliance highlight this transformation, aligning export finance with […]
Developing countries’ climate targets at risk without enough finance from developed world India – EQ
In Short : India has cautioned that developing nations may struggle to meet their climate targets without sufficient financial support from developed countries. Highlighting the need for climate justice, India emphasized that equitable access to finance, technology, and capacity building is essential for achieving global climate goals under the Paris Agreement. In Detail : New Delhi […]
Assam: Power Finance Corporation to provide Rs 3,037 crore loan to Bio-Refinery for Numaligarh plant -EQ
State-owned Power Finance Corporation (PFC) PFC has inked a pact with Assam Bio-Refinery Pvt Ltd (ABRPL) under which a Rs 3,037.50 crore loan will be provided for setting up a bio-refinery plant at Numaligarh. The 3 million tonnes per annum plant will use dry bamboo as raw material, a statement said. The plant will produce […]
India successfully built best digital economy, finance architecture in world: Nobel winner Spence-EQ
Noida (PTI): Noting that India is a major economy with the highest potential growth rate right now, Nobel laureate economist A Michael Spence said the country has successfully developed by far the best digital economy and finance architecture in the world. Spence, who was awarded the Nobel prize in Economic Sciences in 2001, shared his […]
Sidbi to finance 50,000 EVs for MSMEs – EQ Mag
The financing will be done under a new project called Evolve, which is electric vehicle operations and lending for a vibrant ecosystem, under which Sidbi will give access to affordable commercial financing for EVs, the national bank said in a statement on Monday Sidbi has tied up with the Niti Aayog, World Bank, Korea-World Bank […]
Garanti BBVA to finance Türkiye’s largest-ever rooftop solar power project – EQ Mag Pro
Garanti BBVA has funded Tosyalı Roof, Türkiye’s largest-ever rooftop solar power plant, with a loan of 400 million Turkish lira. The deal demonstrates the bank’s ongoing support for sustainable development. The new solar power plant, based on state-of-the-art technology and comprising an area of 632,000 m², is the country’s largest solar project so far, with […]
IREDA to finance 3,000 electric cars, Sanctioned loan of Rs. 268 crores to BluSmart Mobility – EQ Mag Pro
From the sanctioned loan of Rs. 267.67 crores, the first tranche of Rs. 35.70 has been disbursed by IREDA to the company. New Delhi: In a bid to promote electric vehicles in the Delhi-NCR region, Indian Renewable Energy Development Agency Ltd. (IREDA), the largest lender of the Renewable Energy sector in India, sanctioned a loan […]
Kuwait Seeks Investors to Finance Three Power Projects – EQ Mag Pro
About 7,500 megawatts (MW) of the 14,000 MW it needs over the next 20 years will come through these partnerships, which industry sources say will require investments of billions of dollars Kuwait : Kuwait plans to attract outside investors to fund several power projects under a public-private partnership programme that will cover more than half […]
Finance Risks Falling Behind In a Greening World
The effects of climate change are all around us. Last year was the hottest on record; the last decade, the hottest ever recorded. Almost a decade and a half after the global financial crisis, experts warn that the effects — from rising sea levels, flooding, droughts and wildfires — could make financial crises more than […]
Floating Solar Panels On the Rise- Worldwide finance
The increasing investments of the panel manufacturers and installers in developing a durable, stable, and reliable solar tracking technology. As part of our mission to constantly evolve and find innovative energy solutions, we have invested in the ‘Floating Solar Panels’ technology. Solar panels need to be affixed to a buoyant structure that keeps them above […]
