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 […]
Power Finance Corporation transfers SPV to PowerGrid
Power Finance Corporation announced that Bikaner-II Bhiwadi Transco (an SPV incorporated as a wholly owned subsidiary of PFC Consulting) established for transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1GW) under phase II part F has been transferred to Power Grid Corporation of India. Source: Capital markets
FISKER AND CREDIT AGRICOLE CONSUMER FINANCE SIGN A GREEN MOU FOR DELIVERY OF FISKER OCEAN EV
Agilauto, a division of Crédit Agricole Consumer Finance in France, to offer Fisker Ocean through programs for Crédit Agricole Group employees and the private banking market, reinforcing company’s commitment to zero emission vehicles. LOS ANGELES / PARIS – Designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today […]
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 […]
Indonesia offers aggressive tax benefits for electric vehicles
Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a draft regulation issued by the finance ministry on Monday. Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new […]