The Asian Development Bank (ADB) has raised US$1.25 billion to help finance climate change mitigation and adaptation projects by issuing dual-tranche five-year (US$750 million) and 10-year green bonds (US$500 million).
Delhi becomes the first ever green Metro, World Bank launches Pacific PV map, IBC Solar completes Turkey plant, PG&E funds multi-family solar programme, ACC and Huali complete rooftop project.
The Indian arm of US-based PV developer and thin-film specialist First Solar has agreed to sell 190MW(AC) out of 200MW(AC) of its operational PV plants in India to a private equity fund represented by Indian firm IDFC Alternatives, according to a First Solar spokesperson.
Azure Power Energy, a wholly owned subsidiary of Indian independent solar power producer Azure Power Global, will issue an inaugural US$500 million green bond offering, maturing in 2022.
India’s Ministry of New and Renewable Energy (MNRE) has released a document clarifying the rules for state government offtake of solar park capacity, while the World Bank plans to provide US$100 million for solar park infrastructure.
Indian integrated solar firm Tata Power Solar has commissioned 2.67MW of grid-connected solar carports at Cochin International Airport in Kerala, which became the world’s first fully solar-powered airport in August 2015.
IFC is partnering with the Commercial Bank of Ceylon (CBC) to help the Sri Lankan bank invest more in local companies focused on renewable energy and energy efficiency.
India may soon review its Renewable Purchase Obligation (RPO) mechanism to give targets more suited to the environment of each state and offer more flexibility, according to energy minister Piyush Goyal.
