The State Bank of India (SBI) has signed agreements with the World Bank for a US$625 million facility specifically to support India’s grid-connected rooftop solar programme.
The latest report from the Climate Bonds Initiative (CBI), an investor-focused non-profit organisation, found that of the US$694 billion of climate bonds outstanding in 2016, energy accounted for 19% at US$130 billion, exemplifying a push in investment for renewable energy projects.
The World Bank Group today signed an agreement with the International Solar Alliance (ISA), which was formed at the COP21 Paris summit last year, and is comprised of 121 countries led by India, to partner on scaling up solar energy use globally, with the goal of mobilising US$1 trillion in investments by 2030.
Organised state-owned mining corporate Coal India Limited (CIL) signed two agreements with the Solar Energy Corporation of India (SECI) for a 200MW solar PV plant in Madhya Pradesh.
The European Commission has withdrawn Chinese solar panel manufacturer Shinetime China and its related company in the EU, Shinetime Europe, from the EU-China price undertaking.
IPP Sonnedix, operating via its Japanese operator, Nippon Solar Services (NSS) has closed financing and selected an EPC contractor for its 30MW Miyako-based 'mega solar' PV plant in Iwate Prefecture.
Kuwait government-owned company and renewables developer EnerTech has signed a bilateral agreement with the government of Pakistan to set up 500MW of solar plants in Balochistan Province of Pakistan.
