Tag: financing

Financing the Transition: Energy Supply Investment and Bank Financing Activity

Financing the Transition: Energy Supply Investment and Bank Financing Activity

March 5, 2023 |

In 2021, banks financed 81% as much low-carbon energy supply as fossil fuels – for every dollar of bank financing activity supporting fossil-fuel supply, 0.8 supported low-carbon energy. While financing is a different metric to capital invested, this ratio broadly reflected real-economy investment activity at 0.9:1. For every dollar invested in fossil fuel supply in 2030 this should be matched with four times as much being invested in low-carbon energy supply.

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<strong>Financing Hydrogen Export Projects</strong>

Financing Hydrogen Export Projects

February 12, 2023 |

This paper, for illustration, examines an Archetype project, using 1GW of solar generation to produce 250 ktpa green ammonia be sold at a fixed price of USD 770/tonne (just sufficient to meet the assumed cost of capital). This compares with a 5-year average price of a little over USD 600/tonne but over USD 1,300/tonne. Assuming a 20-year offtake contract and a 15-year loan (with a 3- 27 year construction period), the Archetype project can support a DER of around 65 per cent.

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Lightsource bp closes around $150 million financing on 210 MW solar PV plant in Brazil

Lightsource bp closes around $150 million financing on 210 MW solar PV plant in Brazil

October 6, 2022 |

Lightsource bp, a solar project developer, has completed financing for its 210 MW Milagres Solar project in Brazil for $148.7 million. The Northeast Development Fund (Fundo de Desenvolvimento do Nordeste, or FDNE), which is run by the Brazilian government agency Superintendência de Desenvolvimento do Nordeste (Sudene), received debt funding of $78.6 million from Banco do Brasil.

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Emerging technologies can unlock a swifter energy transition: EBRD’s Nandita Parshad

Emerging technologies can unlock a swifter energy transition: EBRD’s Nandita Parshad

September 22, 2022 |

Renewable energy is at the heart of energy transition. Not just because it is low carbon – it is also becoming cheaper than traditional energy sources; on top of the climate benefits it brings. Renewables are quick to build and scale up, provide energy security, and create jobs.  In real time and across the EBRD region, we are witnessing this trajectory becoming a staple, as countries evolve to become strong renewable players. We look forward to doing even more as these markets continue to develop.

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<strong>Husk Power receives $6 million microgrid debt facility by EDFI ElectriFI</strong>

Husk Power receives $6 million microgrid debt facility by EDFI ElectriFI

September 16, 2022 |

Husk Power Systems is all set to electrify 80 additional communities in India with $6 million in new debt financing that it has received from the EU- funded Electrification Financing Initiative (EDFI ElectriFI). The project is estimated to benefit 60,000 people and create a network of 10,000 new customers, primarily micro, small and medium-sized enterprises (MSMEs).

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US Renewable Energy M&A: Briefing

US Renewable Energy M&A: Briefing

August 2, 2022 | ,

In a year in which both global and U.S. M&A activity in aggregate reached record levels, renewable energy M&A contributed to the mix in terms of high deal volume and landmark transactions. Robust demand in the sector was supported by persistently low interest rates, Environmental, Social and Governance (ESG) considerations, and aggressive renewable energy and decarbonization targets.

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IEA’s World Energy Investment 2022 Report

IEA’s World Energy Investment 2022 Report

July 7, 2022 | ,

The report focuses on some important features of the new investment landscape which are already visible, including the energy security lens through which many investments are now viewed, widespread cost pressures, the major boost in revenues that high fuel prices are bringing to traditional suppliers, and burgeoning expectations in many countries that investments will be aligned with solutions to the climate crisis.

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GE acquires 49 per cent stake from Continuum in India

GE acquires 49 per cent stake from Continuum in India

June 16, 2022 |

General Electric (GE), a US- based multinational conglomerate, and Continuum Green Energy (India), a renewable energy project developer, announced the financial completion of GE Energy Financial Services’ acquisition of a 49 per cent stake  in Continuum’s 148.5 MW Morjar onshore wind project in Gujarat, India. The project, which will be equipped with GE Renewable Energy’s 2.7-132 onshore wind turbines, is set to begin commercial operations in June 2022.

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Indonesia must push for renewables pivot from coal backers Japan and China

Indonesia must push for renewables pivot from coal backers Japan and China

June 1, 2022 |

On the surface, such competition between the regional powers may seem to have provided Indonesia with a golden opportunity to extract favourable terms to advance key projects. The theory, it would seem, is that this allows Indonesia to pit one side against the other, bringing about a competition that offers options such as generous financing terms and advanced engineering know-how, which would otherwise be unavailable under normal circumstances.

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Renewable energy financing in the United States

Renewable energy financing in the United States

March 4, 2022 | ,

2021 was a year of rapid progress for the renewable energy industry, and while there is still much work to be done, it is likely that solar, wind, and other kinds of clean energy will continue to see year-on-year growth amid increased demand and federal support. This report reviews the key trends and developments across the industry in the United States, and the outlook for 2022 and beyond.

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SunSource secures financing from SunFunder

SunSource secures financing from SunFunder

February 21, 2022 |

SunSource Energy, a solar power firm, has entered into a project financing agreement with SunFunder, an international solar finance company, with an investment to enable its growth in Southeast Asia. The investment will be used to provide project financing for an industrial solar installation in Thailand. SunSource Energy is a leading provider of C&I solar solutions in India and Southeast Asia, with over 300 projects in 24 states.

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Building A Net Zero Financial System in UK

Building A Net Zero Financial System in UK

February 3, 2022 | ,

E3G has released a parliamentary briefing which defines a Net Zero Financial System as an alignment of both public and private financial flows with the UK’s targets on net zero and climate resilience. It highlights what progress the UK Government has made to date on green financial reform, and what is still missing to successfully deliver a UK Net Zero Financial System before COP27.

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Banking on Electric Vehicles in India

Banking on Electric Vehicles in India

January 27, 2022 | ,

NITI Aayog is working with the Reserve Bank of India to operationalize the inclusion of EVs as a priority sector. There is also a need to engage other ministries, financial institutions, and the EV industry in the design of the guidelines. This report is intended to support ongoing and future deliberations on consideration of priority sector status for EVs and the design of guidelines for EVs.

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8minute Solar Energy secures $400 million in financing from EIG

8minute Solar Energy secures $400 million in financing from EIG

January 24, 2022 |

8minute Solar Energy, a solar energy company based in the US, has announced the completion of a $400 million fundraising round led by EIG, a US-based institutional investor. A portion of the growth equity and a letter of credit are included in the financing arrangement. This funding will also allow 8minute to focus on technology innovation and advanced solar plant design, as well as start building projects on its own balance sheet.

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EverSource Capital’s GGEF closes at $741 million

EverSource Capital’s GGEF closes at $741 million

January 19, 2022 |

EverSource Capital (EverSource) announced the final close of Green Growth Equity Fund (GGEF), reportedly India’s largest climate impact fund, at $741 million. The GGEF becomes one of the largest single-country funds focused on climate change, mitigation, and adaptation in emerging markets. It was formed with an anchor investment from India’s National Investment and Infrastructure Fund and the Foreign, Commonwealth and Development Office of the United Kingdom’s government.

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India’s Clean Energy Investment Trends 2021

India’s Clean Energy Investment Trends 2021

December 23, 2021 | ,

The Clean Energy Investment Trends is a joint project of the CEEW Centre for Energy Finance (CEEW-CEF) and the International Energy Agency (IEA). By monitoring market activity and identifying market and financing trends, the Trends report seeks to provide a practical guide to stakeholders for understanding how the interaction between risks and regulations is shaping investment flows.

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How finance is driving Australia’s green transition

How finance is driving Australia’s green transition

October 30, 2021 |

Finance is playing a significant role in encouraging Australia’s push towards net zero, with companies that commit to climate targets finding it easier to attract investment and raise capital, according to Jo Spillane, Global Head of Private Capital Markets at Macquarie Capital. Spillane says that one of the main vehicles through which this is happening is Australia’s pension funds, or superannuation (super) funds as they are known locally.

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GGEF receives a $70 million investment from CDC Group

GGEF receives a $70 million investment from CDC Group

October 27, 2021 |

Green Growth Equity Fund (GGEF), India’s climate change fund, has received a $70 million investment from the CDC Group, a UK government-owned development finance firm. Eversource Capital, a joint venture between private equity firm Everstone Group and British Petroleum’s renewable energy platform Lightsource bp, manages the fund.

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Renewable Energy Financing Mechanism in European Union

Renewable Energy Financing Mechanism in European Union

October 27, 2021 |

To support renewable energy projects and incentivise the uptake of renewable energy sources (RES) across Europe, the EU has established a novel RES financing mechanism (REFM), under which Member States will make voluntary financial contributions to support new renewable energy projects in EU countries interested in hosting such projects, through competitive tenders for investment or operating aid.

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