Max Zhang’s Post

ElectriFI Invests Additional $4 Million in Husk Power Systems to Boost Clean Energy in Rural India Husk Power Systems, a leader in decentralized solar-hybrid minigrids, has secured an additional $4 million in debt financing from ElectriFI, a European Union-funded investment facility managed by EDFI Management Company. This new investment follows a previous $6 million allocation in September 2022, underscoring ElectriFI’s commitment to Husk’s business model and its impactful clean energy solutions in rural India. The continued financial backing from ElectriFI has been pivotal in Husk Power Systems achieving its initial impact targets and demonstrating the viability of its operations. The effective use of these funds has also played a crucial role in Husk securing an impressive […] Read the full story here: https://lnkd.in/gUqtcSRU #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #edfimanagementcompany #electrifi(electrificationfinancinginitiative) #europeanunion #funding #huskpowersystems #india #minigrid #renewableenergy #solarhybrid

IREDA Ltd. is all over the news! Here's a peak into their latest updated Loan Portfolio 💼 . . . #IREDA #Portfolio #India #SustNews #Sustainability #sustvest #renewableenergy #investment #cleanenergy #sustainable #projects #solar #startupinvestment #assetbacked #solarpanels #finance #cleantech #returns #EV #solarinvesting [IREDA, Portfolio, India, Renewable Energy, Sustainability, India]

Indian Renewable Energy Development Agency Limited (IREDA)'s Chairman & Managing Director, Pradip Kumar Das has emphasised the importance of supporting Micro, Small & Medium Enterprises (MSMEs) in the Renewable Energy sector for both economic and environmental benefits. Speaking at a session on "Pioneering Sustainability in MSMEs: Envisioning Global Growth and Local Impact" organized by the International Solar Alliance and CII, as part of COP 28 in Dubai on Sunday, he reaffirmed IREDA's commitment to environmental sustainability by enhancing MSME participation through accessible loan facilities. CMD, IREDA acknowledged that a significant obstacle for MSME entrepreneurs is securing loans at reasonable interest rates. However, IREDA has made substantial progress in improving the "Ease of Doing Business." This includes the implementation of faceless loan sanctions and disbursements, reduction in the documentation involved in loan sanction and disbursement cycle, as well as an expansion of geographical reach across the country. Highlighting a successful case study involving lending to e-rickshaws through Mufin Green Finance, IREDA's Chairman intervened to lower existing interest rates ranging from 30% -36% to 18%. Leveraging its track record of making previously unbankable sectors bankable, he expressed confidence that company's initiatives would result in increased MSME participation in the green energy sector. The CMD also underscored IREDA's unwavering commitment to encouraging farmers nationwide to reduce their carbon footprint through financing under the PM-KUSUM scheme. In a proactive move to boost MSMEs and contribute to the success of the PM-KUSUM scheme, IREDA recently launched its Retail Division. Soon after its establishment, Retail Division sanctioned its first loan, amounting to Rs. 58 crores under KUSUM-B. IREDA is dedicated to continuously addressing the challenges faced by MSMEs and is actively working towards enhancing their participation in the Renewable Energy sector. The CMD also underlined that Agriculture Sector and MSMEs are the largest contributors in GDP Growth. He stressed the pivotal role that MSMEs play in environmental sustainability and informed that MSMEs currently constitute approximately 2% of the company's total loan assets in FY 22. Source: https://lnkd.in/emcMkR_y

An SOE, or State Owned Enterprise, is a company that is wholly or partially owned by the government. Each of these businesses has its own set of personnel, management, and legal status. These businesses rely on sales of their own goods and services to generate the majority of their operating funds from the government. Since independence, private companies in the country have faced stiff competition from a number of state-owned enterprises, although in recent years, the size of these enterprises has shrunk significantly. The private sector is now widely recognized as the driving force behind economic expansion in the country. The debate around the influence of state-owned enterprises (SOEs) on investments in renewable energy remains unresolved. The general consensus is that state-owned companies' considerable influence presents difficulties for potential market entrants, particularly for small investors who intend to moderately finance renewable technologies. Few studies revealed that there was a greater level of investment in renewable energy in both developed and developing countries that exhibited a larger degree of direct governmental control over enterprises operating within their respective economies. The influence of green political agendas on the behaviour of state-owned enterprises can potentially lead to increased investments in renewable energy. The results of those studies suggest that the ability of banks to obtain long-term debt financing for renewable power infrastructure projects may have been impeded due to unforeseen repercussions of the crisis-management-related financial regulations. Both the initial investment and the subsequent costs associated with maintenance and replacement render these undertakings very capital-intensive. Investment conditions exhibit a secondary impact that extends beyond their primary effect. The absence of extended-term debt financing, which is linked to a banking sector endeavouring to fulfil progressively strict banking regulations, has the potential to alleviate the impact of carbon prices on investments in renewable projects that demand substantial capital. In industrialised nations, the implementation of heightened state regulation over firms serves to alleviate the influence of public tenders on investment. Potential factors contributing to this outcome encompass the utilisation of effective tendering procedures by prominent state-owned enterprises, which may serve as a deterrent for independent suppliers of renewable electricity to invest in Bangladesh.

Day 70: 100 Days 100 Finance News Challenge🌟 Green Giant Partnership: IREDA & PNB Join Forces to Boost Renewable Energy in India! Exciting news for the renewable energy sector in India! The Indian Renewable Energy Development Agency (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) to collaborate on financing renewable energy projects across the country. This strategic partnership aims to address the crucial need for accessible and affordable funding, accelerating India's transition towards a cleaner and greener future. Key Points: 📌Joint Lending & Loan Syndication: The MoU facilitates co-lending and loan syndication for various renewable energy projects, including solar, wind, and biomass. This broader resource pool will enhance financial support for developers and encourage project diversification. 📌Competitive Terms: Both IREDA and PNB will work towards offering competitive terms and pricing on loans, making renewable energy projects more financially viable and attractive to investors. 📌Aligned with National Goals: This collaboration aligns with India's ambitious goal of achieving 500 GW of non-fossil-based electricity generation capacity by 2030. What it Means: 📌Increased Project Funding: This partnership unlocks additional funding avenues for renewable energy developers, potentially leading to faster project execution and grid integration. 📌Wider Market Reach: By combining their expertise and resources, IREDA and PNB can reach a broader range of project developers, fostering the growth of the renewable energy sector nationwide. 📌Investor Confidence: This collaboration signifies a strong commitment to renewable energy financing, potentially boosting investor confidence and attracting further investment in the sector. #RenewableEnergy #Financing #Partnership #India #IREDA #PNB #Sustainability #ClimateAction

The Berenberg Green #Energy Debt Funds managed by Berenberg are providing bridge financing for the late-stage project development, construction and operation phase of three #solar projects with a total capacity of 89 MWp. The three projects in the financed portfolio with capacities of 18 to 47 MWp are located in Schleswig-Holstein and Mecklenburg-Western Pomerania. Two projects are already under construction while the third is currently in the development stage. The parks are scheduled to go into operation successively starting in the fourth quarter of 2024 and will be able to meet the annual electricity needs of over 25,000 households, saving around 61 tonnes of #CO2 per year. "We are delighted that we have been able to close a further financing round with ENERPARC AG, this time with the distinctive feature that some projects were still in the late-stage development phase at the start of financing. With our flexible transitional financing, we enable ENERPARC to determine the best moment for a long-term #financing arrangement and to build and commission the plant in the meantime. Our professional, fast and creative cooperation benefits both sides. We are delighted to be able to accompany the success story of ENERPARC", adds Torsten Heidemann, Head of Infrastructure & Energy at Berenberg. More information: https://lnkd.in/eWTJ4bFz This is a marketing information for professional investors. Investing involves risk. 

🚀 Adani Group, after recovering from the Hindenburg Research, is seeking to raise $2.6 billion through top sovereign funds in the Middle East, according to a report. 💲Billionaire Gautam Adani's conglomerate Adani Group, after recovering from the Hindenburg Research saga, is expanding towards airport and green energy projects throughout the country. In a bid to fund its green hydrogen projects, Adani's firm is seeking to raise $2.6 billion through top sovereign funds in the Middle East, reported Business Standard. 🌐 Adani Group, the report said, is in advanced talks with West Asia-based sovereign funds to raise as much as ₹21,577 crore for expanding its airport business and advancements in the green energy sector. 📰 The Adani Group's flagship firm Adani Enterprises Limited may reduce its stake in either the airport-holding firm or the green hydrogen business, or both, for investment funds, the report added, citing a source close to the development. The timeline for the funding, however, is yet to be revealed by the company. 📜 In 2023, the Adani Group raised funds from various entities, including Qatar Investment Authority, TotalEnergies and GQG Partners. In January, the group said it would invest 624 billion rupees ($7.52 billion) in the Indian states of Maharashtra and Telangana as part of its seven trillion-rupee expenditure plan for the next decade. Adani Solar Adani Group Adani Green Energy Ltd. Adani University Adani Realty Adani University Adani Airport Holdings Ltd Adani Capital Adani Defence and Aerospace Adani Green Energy Ltd. Adani Electricity Adani Enterprises Limited Adani Foundation Adani Total Gas Adani Housing Finance Adani Wilmar Limited Adani TotalEnergies E-Mobility Limited Adani Power Adani Ports and SEZ Qatar Investment Authority Advisory (USA), Inc.

Indian Renewable Development agency IPO for price band 30 - 32 Rs on the anvil j Excepts for circulars on Viligiance awareness , Amrit Mahatosav etc I did not find anything about development on website Then I went to open the annual report in which RBI has given it the status of Infrastructure finance So its a NBFC not an actual renewable energy development company Interesting figure Annual report reveals interest income 2021-22 as Rs271,322 lakhs PBIT Rs 8383 lakhs Tax paid Rs 31119 lakhs. Worth investing

-Climate First Bank has reduced its interest rates for residential solar loans, offering a 7.83% rate with a 7.99% APR for a 30-year term. Clients enrolled in auto-pay receive a 0.25% discount, resulting in a 7.58% rate with a 7.73% APR. The bank saw a significant increase in solar loan financing in 2023, totaling $35 million for businesses and $83 million for individuals, reflecting a growing demand for sustainable initiatives. CEO Ken LaRoe emphasizes the bank's commitment to financing sustainable projects, including rooftop solar and EV charging, to promote environmental protection. -Climate Investment Funds (CIF) approves an $85 million investment to aid North Macedonia in transitioning from coal to renewables by 2030. This initiative, part of North Macedonia's Just Energy Transition Investment Platform, aims to attract $591 million in total funding. The plan includes ceasing coal use, reclaiming mines, and promoting renewables, saving 13 million tons of CO2 by 2038. The funding also supports 400MW of renewables, 100MW of energy storage, and retraining for 3,000 individuals. CIF's approach aims for $7 of additional co-financing for each dollar invested. -European venture capital firm World Fund secures €300 million for its inaugural fund focused on climate change technologies. Investors include the EU's European Investment Fund, BPI France, PwC Germany, and the UK's Environment Agency Pension Fund. This investment aims to address concerns over global warming and environmental sustainability. Despite a decline in global private equity investments, especially in climate tech startups, World Fund aims to demonstrate the compatibility of profitable investments with positive climate impact. #finance #weeklyupdates #startup

Berenberg Green Energy Junior Debt Fund, managed by German bank Berenberg, has providing financing to developer GoldenPeaks Capital to support the acquisition of solar projects in Poland totalling over 250 MWp. GoldenPeaks Capital and Berenberg bring a strong working relationship to the renewables market and have jointly financed projects totalling over 750 MWp since the start of their partnership. “We are proud to have accompanied GoldenPeaks Capital on its growth path for so long,” stated Torsten Heidemann, Head of Infrastructure & Energy at Berenberg. “IPPs and project developers need strategic financing partners to support them in implementing their growth strategy. We can recognise the requirements and challenges of individual business cases and help implement a long-term vision reliably, with creativity and pragmatism.” GoldenPeaks Capital will acquire a ‘high double-digit number of individual solar parks’ in Poland with the backing of Berenberg. Berenberg said the acquisition line was the latest component of a comprehensive framework loan agreement between GoldenPeaks Capital and the credit funds advised by Berenberg. The framework agreement included the possibility of financing Polish solar projects on a revolving basis through unitranche and subordinated loans. Going forward, the latest expansion of the agreement will allow for a portion of the capital commitments to be deployed for the financing of project acquisitions, thus covering the entire financing cycle by a single contract. Daniel Tain, GoldenPeaks’ Co-founder and President, declared: “Berenberg has backed us from the start and has proven itself to be a true partner more than once. In particular, flexibility and speed of the transactions are key success parameters. The acquisition line as the latest addition will further accelerate the growth of our platform and thereby creating new financing opportunities.” The acquisition of several solar park portfolios in Poland was financed with the financial close in December 2023. #cleanenergy