India-based renewables developer ReNew Power Ventures will receive up to US$250 million of debt financing from Overseas Private Investment Corporation (OPIC), the US government's development finance institution, to help construct 400MW of solar PV projects in India.
This year looks likely to set a record for distributed solar securitisation deals as a growing number of developers look to tap the asset-backed securities market.
Renewable energy was the basis of half of all global power transactions last year with 245 deals adding up to US$68 billion and a particular focus on wind and solar, according to a new report from EY.
German equipment supplier Singulus’ efforts to head off insolvency have received a boost after bondholders approved proposals for the financial restructuring of the company.
Indebted PV module manufacturer Yingli Green Energy has been rumoured to be securing over US$500 million in new debt financing from a Chinese state bank and a provincial government where it operates manufacturing facilities.
Rajnesh Trivedi, senior director, sustainable investment banking at Yes Bank India, discusses how Green Bonds can alleviate the major obstacles of financing for renewables in the subcontinent.
The December climate deal in Paris is set to trigger a surge in the global green bond market, with issuances expected to surpass US$50 billion this year, rating agency Moody’s has said.
The clean energy industry has received a stark warning that it needs to commit more resources to lobbying to counter the efforts of a failing fossil fuel industry.
