Urja Fund

26/07/2017

USAID will align the technical resources of two of its programs to support ADB’s investments in the development of solar parks and renewable energy transmission infrastructure in states at the forefront of India’s efforts to promote clean energy.
http://www.urjafund.com/usaid-adb-sign-mou-to-develop-solar-parks-in-india/

USAID & ADB Sign MoU to Develop Solar Parks in India Posted on 25th July 201725th July 2017 Akshay ThakurPosted in Uncategorised The U.S. Agency for International Development (USAID) and the Asian Development Bank (ADB) have signed a Memorandum of Understanding to facilitate $848 million (Rs. 5,681…

25/07/2017

Unused money in the National Clean Energy and Environment Fund has been diverted to compensate states for loss of tax revenue.
http://www.urjafund.com/india-diverts-rs-56700-crore-from-the-fight-against-climate-change-to-goods-and-service-tax-regime/

India diverts Rs 56,700 crore from the fight against climate change to Goods and Service Tax regime Posted on 25th July 2017 Akshay ThakurPosted in Uncategorised Unused money in the National Clean Energy and Environment Fund has been diverted to compensate states for loss of tax revenue. ndia’s bigg...

24/06/2017

The latest data, which is provided by the Ministry of New and Renewable Energy (MNRE), has been analyzed by Mercom Capital Group.
http://www.urjafund.com/indias-renewable-energy-capacity-crosses-57-gw/

India is staying true to its ambitious renewable energy targets by showing a steady growth in renewable energy installations in India, which as of April 2017 account for 17.5 percent of the total energy source.

23/06/2017

The Rise of the Solar Green Bond is Inevitable, with more that 70% of international funds showing interest in Green sectors.
http://www.urjafund.com/global-public-investors-eye-more-green-bond-investments/⁠

More than a third of global public investors plan to increase green bond investments, according to a study by think tank Official Monetary and Financial Institutions Forum.

22/06/2017

IREDA will issue 13,90,00,000 fresh equity shares of Indian Renewable Energy Development Agency (IREDA) of Rs 10 each to the public on book-building basis through the IPO (initial public offer).
http://www.urjafund.com/govt-okays-iredas-ipo-to-boost-clean-energy/

"The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval to issue 13,90,00,000 fresh equity shares of Indian Renewable Energy Development Agency (IREDA) of Rs 10 each to the public on book-building basis through the IPO (initial public offer)," an o...

21/06/2017

With prominent names like Equirus Capital, APG, Fortum Corp and CDPQ already entered the market, more and more investment will come into India in coming years.
http://www.urjafund.com/solar-power-foreign-investors-show-keen-interest-in-india/

The year 2016, was a landmark year for India in its stride towards clean energy; the country became the world’s fourth largest solar market, beating Germany, United Kingdom (UK), and France in a close contest.

07/06/2017

The European Investment Bank (EIB) is planning to provide a loan of $52 million (about Rs. 340 crore) to Indian Firm.
http://www.urjafund.com/indian-firm-in-final-stages-of-funding-through-european-investment-bank/

The European Investment Bank (EIB) is planning to provide a loan of $52 million (about Rs. 340 crore) to Adani Group’s solar projects with 288 MW capacity in Tamil Nadu.

06/06/2017

From 25kWp to 16MW, State Bank of India funds all kind of solar projects.
http://www.urjafund.com/sbi-funds-100-mw-rooftop-solar-projects-under-world-bank-programme/

State Bank of India (SBI) today announced financing of 100 MW rooftop solar projects worth Rs 400 crore for private developers under a World Bank programme.

06/06/2017

PNB receives first leg of investment of $500mn committed by Asian Development Bank.
http://www.urjafund.com/punjab-national-bank-gets-adbs-first-tranche-for-solar-rooftop-fund-of-100-million/

The $100 million loan agreement signed between the Asian Development Bank and Punjab National Bank is backed by a guarantee from the central govt.

26/05/2017

The Asian Development Bank sold green masala bonds worth Rs 3 billion ($46 million) to help fund more than 700 megawatts of solar and wind energy capacity in India.
http://www.urjafund.com/asian-development-banks-sells-46-million-green-bonds-to-fund-renewable-energy-projects-in-india/

17/05/2017

The International Solar Alliance is working out mechanisms to generate a funding of USD 30 billion every year for the next 10 years. ISA is to raise funds worth USD 1 trillion to help developing countries tap 1,000 GW of solar energy by 2030.
http://www.urjafund.com/international-solar-alliance-plans-major-irrigation-funding-initiative/

04/05/2017

Indian Prime Minister Narendra Modi is targeting $100bn investments in Solar PV Field in the next five years. How will this target be achieved. Get to know how the financing will be done.
http://www.urjafund.com/global-investors-backing-indias-drive-to-be-solar-energy-giant/

The development of renewable energy in India has received a significant boost with the announcements of two large loans from the World Bank and the European Investment Bank.