Green Energy
- A Call For Strong, Stable Renewable Energy Policy In The United States
By Nick Lawton, Policy AnalystThe International Energy Agency (IEA) recently released itsRenewable Energy Medium-Term Market Report 2014, revealing that although 2013 witnessed the fastest expansion of renewable energy capacity to date, the IEA expects...
- First Us Public Offering Of Solar Bonds: Can Crowdfunding Take Clean Energy To The Next Level?
The largest solar installer in the US announced Wednesday that it is offering up to $200m in bonds to retail investors, marking the first registered public sale of solar bonds in the country. SolarCity’s landmark move toward crowdfunding could democratize...
- Dubai Defaulting On Islamic Bonds? Ge Goes Where Fools Dare To Tread
From Atlas Shrugs: They have been saying how wonderful this Islamic finance has been doing. More taqiya. I am glad. Anything to discourage financing the spread of Islam. Bloomberg markets are down big -- but if that's what it takes ..................
- Indonesia Plans Incentives To Boost Renewable Energy
Article parished in www.cleantechnica.com August 21st, 2015 by Smiti Mittal Indonesia is planning to introduce incentives aimed at attracting investment in its renewable energy sector.The country’s Minister of Energy and Mineral Resources recently announced that...
- How France Is Helping India Meet Its 100 Gw Solar Target
Article published in cleantechnica.com, on april 14th, 2015.During Modi’s recent visit to Paris, India and France signed a memorandum of understanding to expand cooperation in the fields of solar and other renewable energies.The memorandum was...
Green Energy
India Plans Several Green Bond Issues To Fund Renewable Energy Expansion
Article originally published in cleantechnica.com, on april 17th 2015
India is looking at several avenues to finance its ambitious plans to expand renewable energy capacity. The Indian government has reportedly asked at least 8 financial institutions to raisefunds for renewable capacity expansion. These funds are expected to be raised through issuance of green bonds.
Public sector entities like Rural Electrification Corporation, Power Finance Corporation, IDBI Bank, Indian Renewable Energy Development Agency, and private sector entities like India Infrastructure Finance Limited, ICICI Bank, and Yes Bank, have all been asked to issue green bonds to raise funds for renewable energy projects.
While media reports have not provided details of the bonds, they may be issued to foreign as well as domestic investors. The Indian government has incentivised infrastructure bonds by making investing in them tax free. A similar approach may be taken to attract domestic investors.
Dollar-denominated green bonds may be issued to foreign investors. Yes Bank recently raised $150 million through India’s first green bond issue. The response to Yes Bank’s green bond issue was overwhelming, raising double the amount it had initially targeted. The International Finance Corporation is believed to have expressed interest in investing in such green bonds.
The Indian Export-Import Bank raised $500 million through the first dollar-denominated green bond issue in India. India offers very high deposit rates compared to developed countries where the green bonds market has been traditionally centred. Thus, rupee-denominated bond issues are expected to be much more attractive, as has been the case with the Yes Bank issue.
India plans to increase its renewable energy capacity from current 35 GW to 175 GW by 2022. This includes fresh solar power capacity addition of 97 GW.
- A Call For Strong, Stable Renewable Energy Policy In The United States
By Nick Lawton, Policy AnalystThe International Energy Agency (IEA) recently released itsRenewable Energy Medium-Term Market Report 2014, revealing that although 2013 witnessed the fastest expansion of renewable energy capacity to date, the IEA expects...
- First Us Public Offering Of Solar Bonds: Can Crowdfunding Take Clean Energy To The Next Level?
The largest solar installer in the US announced Wednesday that it is offering up to $200m in bonds to retail investors, marking the first registered public sale of solar bonds in the country. SolarCity’s landmark move toward crowdfunding could democratize...
- Dubai Defaulting On Islamic Bonds? Ge Goes Where Fools Dare To Tread
From Atlas Shrugs: They have been saying how wonderful this Islamic finance has been doing. More taqiya. I am glad. Anything to discourage financing the spread of Islam. Bloomberg markets are down big -- but if that's what it takes ..................
- Indonesia Plans Incentives To Boost Renewable Energy
Article parished in www.cleantechnica.com August 21st, 2015 by Smiti Mittal Indonesia is planning to introduce incentives aimed at attracting investment in its renewable energy sector.The country’s Minister of Energy and Mineral Resources recently announced that...
- How France Is Helping India Meet Its 100 Gw Solar Target
Article published in cleantechnica.com, on april 14th, 2015.During Modi’s recent visit to Paris, India and France signed a memorandum of understanding to expand cooperation in the fields of solar and other renewable energies.The memorandum was...