Advertisements Investors are yet to warm up to the concept of sustainable investing with sustainable or ESG (environmental, social, and governance) funds in India witnessing outflows of Rs 315 crore in 2021-22. This comes following a staggering inflow of Rs… Read More ›
Social Impact
Mitsui to invest in ReNew Power’s project
Advertisements Japanese conglomerate Mitsui has agreed to take a 49 per cent stake in ReNew Power’s round-the-clock renewable power project, the Indian firm said on Wednesday. ReNew signed a 400 MW Round-The-Clock (RTC) PPA last year to supply electricity to… Read More ›
India Inc raises record green capital of USD 19 Bn in 2021
Advertisements India Inc has raised a record USD 19 billion in green capital in 2021, led by Wall Street major Bank of America, which is only a fraction of the USD 1 trillion that global corporations raised in green financing… Read More ›
Omnivore Sets Up USD 130 Mn Venture Fund With Focus On Climate Sustainability
Advertisements Omnivore, India’s leading agritech venture capital firm, announced that the launch of its third fund, with a target corpus of $130 million (Rs 1000 crore). The new fund will continue to invest in early-stage start-ups developing breakthrough technologies for… Read More ›
EV ecosystem platform startup Pi Beam Electric raises USD 1.7 Mn in Pre-Series A round led by Inflection Point Ventures
Advertisements India’s first vertically integrated EV ecosystem platform startup Pi Beam Electric has raised $1.7mn in a Pre-Series A round led by Inflection Point Ventures. The round saw participation from prominent family offices including Sattva Group & Nanavati family, syndicates including… Read More ›
‘Sustainable’ funds are no more green than traditional products, study finds
Advertisements Investment funds that market themselves as sustainable under European rules get similar levels of “green revenues” through the companies they invest in as traditional funds, according to a new study published on Thursday. So-called “green revenue” is the percentage… Read More ›
Scatec and ACME put USD 400 Mn India solar development on hold
Advertisements Norway’s Scatec and India’s ACME have decided to put a 900-megawatt (MW) $400 million solar power project in India on hold due to supply chain bottlenecks and rising import duties, the Norwegian company said on Thursday. Scatec entered the… Read More ›
India to grant an additional USD 2.6 Bn for solar manufacturing
Advertisements India will allocate an additional 195 billion rupees (USD 2.62 billion) to boost investment in solar equipment manufacturing, Finance Minister Nirmala Sitharaman said on Tuesday. “Production Linked Incentive for the manufacture of high-efficiency modules, with priority to fully integrated… Read More ›
India’s Reliance intensifies green push with USD 80 Bn investment in Gujarat
Advertisements India’s Reliance Industries said it would invest 5.95 trillion rupees ($80.49 billion) to set up green energy projects and bolster its retail and telecom arms in the western state of Gujarat, as it targets net-zero carbon emissions by 2035. Owned… Read More ›
Blackstone to invest USD 3 Bn in Invenergy Renewables
Advertisements Blackstone Inc (BX.N) said on Friday it would invest about $3 billion in Invenergy Renewables Holdings Llc, the largest private renewable energy company in North America. The world’s largest manager of alternative assets such as private equity and real estate has… Read More ›