Finance

Despite a robust first quarter, Mercom CEO Raj Prabhu says the uncertainty surrounding the Suniva trade case caused a dip in the second quarter and could have devastating effects going forward.

The private sector financing arm of the World Bank has subscribed to India’s first official Green Bonds via a $103 million investment in L&T Infrastructure Finance Company, which is a subsidiary of L&T Finance Holdings.

The French energy developer is holding discussions with the Ukrainian government about the possibility of building huge solar farm in radioactive zone.

The global lending institution praises India’s solar program in new report, noting how clean energy sources are beginning to displace coal at a sweeping rate.

Bangkok-based QTC Global Power has paid 67.84 million baht ($1.9 million) for a stake in Thai PV developer Green Earth Power (GEP), which is building a 220 MW solar installation in Myanmar.

The 10-year green bond paying a hefty annual yield of 3.965% stirred up strong interest of investors on the London Stock Exchange.

Haryana-based solar power developer has received financing in the form of flexible credit, designed to allow ACME Solar to draw on and repay funds over the duration of the loan agreement.

Neo Solar Power’s subsidiary has completed the transfer of 100% of shares of its solar project in Fukushima, in what is the first ever large-scale solar transaction by a Taiwanese company in Japan.

Study from Climate Transparency shows that while green finance among G20 nations has been stepped up, legacy commitments to fossil fuels mean countries will miss “well below 2 degree” warming limit set at Paris Agreement. Fossil fuel spending still four times higher than renewable spending, Oil Change International report also finds.

Figures released by U.K. government ahead of the G20 Summit show U.K. was at 8.9% renewable energy penetration at the end of 2016. EU target for 2020 is 15%, and Conservative ministers admit there is still work to do.