The European Investment Bank (EIB) has granted a green loan of $562.49 million to Spanish energy company Iberdrola to fund domestic renewable energy projects. The loan amount is anticipated to be used to build wind farms and solar plants with a combined capacity of roughly 1,800 MW in Spain.
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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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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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Thailand-based Energy Absolute Public Company Limited (Energy Absolute) has secured a green loan from the Asian Development Bank (ADB) to finance its renewable energy and electric vehicle charging network projects in Thailand. The $47.62 million green loan will be used to finance the ongoing the Nakornsawan Solar and Hanuman Wind power plants. In addition, the funds will also be used to deploy fast and standard chargers at across Thailand.
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EDEN Renewables India, a joint venture of Total Eren and EDF Renouvelables, has successfully secured financing for its 450 MWp SECI III solar PV project. The said project has recently received a green limited recourse project term loan of $165 million from a group of three major international banks – DBS Bank Ltd, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation (Singapore Branch).
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Indian public sector undertaking, NPTC Limited, has signed a loan agreement with the Japan Bank for International Co-operation (JBIC), Japanese Government policy-based financial institution. This foreign currency loan agreement is for USD 482 million, out of which JBIC provided 60 per cent or approximately USD 289 million of the total loan amount.
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Cleantech Solar has secured USD75 million green loan from ING Bank N.V.. It will use the proceeds to finance expansion across Southeast Asia.
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