Mufin Green Finance to Get Rs 340 cr Capital Boost from the New Acquisition
Mufin Green Finance last week revealed that it had secured Rs 140 crore in Series B funding, adding to the Rs 530 crore raised in debt funding in the previous fiscal year.
Sri Lanka Eyes Progress on Adani Wind Projects, Hopes for LNG Deal Soon
The cash-strapped nation, seeking to ramp up green energy to reduce reliance on expensive imports, is currently evaluating the projects due to disputes over pricing and efficiency.
Hindalco Secures 26% stake in Ayana Renewable Power
Hindalco secures 26% stake in Ayana Renewable to power Odisha smelter with 100 MW clean energy, advancing its net-zero journey by 2050.
India Revs Up Green Hydrogen Integration for 24/7 Power Security
India is accelerating its green hydrogen integration strategy with CfD models to ensure 24/7 clean energy access, aligning with PM Modi’s vision for global leadership in hydrogen production and export.
ADB Raises INR 1.25 Billion in Green Masala Bonds
The bond, the largest by ADB, structured as a 4-year currency-linked instrument, features a one-time repayment at maturity and carries a fixed interest rate of 6.72% annually
Budget 2024: Nirmala Sitharaman Announces Greener Plans for India
The minister has committed substantial funds to enhance the green energy sector, emphasizing the utilization of solar power and India’s extensive offshore wind energy potential.
American State California to Say Bye to Crude Oil
Exxon Mobil and Chevron, the two leading U.S. oil producers, will officially announce a combined $5 billion devaluation of their California assets in their upcoming fourth-quarter reports.
Abu Dhabi’s ADNOC to Invest Dh 84 Billion for Decarbonization
Abu Dhabi National Oil Company reinvests Dh178 billion into the UAE economy in 5 years; Dh84 billion into decarbonization efforts.
Green Tech, ESG and Sustainability Requirements to Shape Credit Outlook in 2024: Moody’s
Moody’s identified six key trends – Green Technology and Disruptive Innovation, Complex ESG Policy Landscape, Rising Physical Climate Risks, Climate Finance Gap in Emerging Markets, Focus on Environmental Degradation and Reshaping the Future of Work – will shape credit strength in 2024
Impact Bonds Slump In 2023 Globally, Expecting Rebound In 2024
Higher interest rates, a global economic slowdown, and rising costs are cited as the primary reasons for the drop