Lending & Credit
Tajikistan bags $21m grant for renewable energy expansion
This will help upgrade a 240-MW hydropower plant.
ADB invests $100m for decarbonisation of India’s commercial, industrial sector
This will encourage the building of more solar capacity.
Tata Power Solar, Bank of India to offer financing for rooftop solar installation
This will also support building of EV charging stations.
Uzbekistan bags $400m funding to strengthen energy, financial markets
One of the goals is to invite more power sector investors.
FRV Australia secures $781m refinancing for 1-GW solar portfolio
This will also benefit future projects.
ACEN acquires 60% stake in 500-MW wind project developer
A $1.25m loan was also executed.
Corporate funding for energy storage surges to $15.4b in H1
The amount fell for smart grid companies.
ACEN inks $32.78m loan for clean energy unit’s solar project
The facility is located in Zambales.
Frontier Energy secures $215m loan for Waroona Renewable Energy Project
Total capital cost for the project is $304m.
Kazakhstan secures $123m loan for transmission network enhancement
This will support construction of 500 kilovolts overhead transmission lines among others.
Masdar raises $1b through second green bond for clean energy projects
This follows the initial issuance in 2023 amounting to $750m.
ADB allocates $240.5m for India’s rooftop solar system
Loans will be accessible via the State Bank of India and the National Bank for Agriculture and Rural Development.
Solar corporate funding down 10% in H1 2024: Mercom Capital
This was despite a 9% increase in the number of deals.
ADB backs Sri Lanka’s power reforms with $100m loan
Another $1m technical assistance will also be granted.
Kyrgyzstan secures $13.6m boost for Kambarata-1 Hydropower Plant
The project is seen to generate almost half of the country’s current output.
REC bags $200m green loans from Deutsche Bank AG
This will finance renewable energy projects in India.
Commentary
Offshore wind power needs Singapore’s expertise as Asia’s reliance on fossil fuels rises