Tag: debt financing

Enfinity Global and CarVal Investors enter into a $300 million loan facility

Enfinity Global Inc., a renewable energy and services platform, and CarVal Investors have entered into a $300 million loan facility to facilitate the development of Enfinity’s 3 GW renewable energy portfolio. Enfinity reported that the facility aligns sustainable investment guidelines with the execution capabilities required to be a leader in the net-zero carbon economy,

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India’s Tata Cleantech receives JPY 10 billion loan from JICA

Japan International Cooperation Agency (JICA) has signed a loan agreement with Tata Cleantech Capital Limited (TCCL), an Indian non-banking financial company. The financing for a maximum amount of JPY 10 billion will help support TCCL to offer loans to businesses across India that focus on renewable energy generation, e-mobility solutions as well as energy efficiency. The loan, provided through the Private Sector Investment Finance scheme of JICA is co-financed with the Sumitomo Mitsui Banking Corporation (SMBC).

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Adani Green Energy raises $1.35 billion in debt financing for its renewable energy portfolio

A leading Indian IPP, Adani Green Energy Limited (AGEL) has announced that it raised a $1.35 billion debt package for its renewable asset portfolio which is currently under construction. Further, the company has signed definitive agreements with international lenders. The funding will be utilised to finance 1.69 GW of solar-wind hybrid projects currently being developed in the Indian state of Rajasthan.

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AES Clean Energy closes landmark debt financing for 400 MWh standalone battery storage project in California

AES Clean Energy has announced the closing of the $154.2 million in non-recourse debt financing for Luna Storage, a 400 MWh standalone battery storage project in California. The project is located in the city of Lancaster in Los Angeles County in California. The fund was raised by KeyBanc Capital Markets Inc., Credit Agricole Corporate and Investment Bank, Silicon Valley Bank, and Export Development Canada. The transaction was closed by sPower, an independent power producer, which merged in January 2021 to become a part of AES Clean Energy’s business in the United States.

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