solar financing

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Indian Banks and their Lending for the Solar Sector

It is a well-known cliche that banks are most willing to lend to those who…don’t need their money.

It is somewhat true for solar as well. Or at least the corollary is true – Indian banks have not exactly been keen on lending to many aspiring solar developers who however neither have a balance sheet nor […]

India’s IDBI Bank raises US$350 million through Green Bond issue

There’s some good news on the financing front, with IDBI Bank raising $350 million through green bond issue.

Green bonds, by providing incentives such as tax exemptions to those invest in them, could make lenders such as IDBI provide renewable energy financing at a lower interest rate than those prevailing in India, as these green bonds are usually purchased by international players […]

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