Connection

popular articles

Soleos Energy and Melci Launch a 200 MW Solar Power Plant in DRC
U.S. Solar Production Soars, but Challenges Persist in Expanding Capacity and Supply Chains
The World Bank anticipates a historic drop in oil prices in 2025
The Future of Nord Stream Without Russia: A Reevaluation of European Gas Infrastructure
France: TotalEnergies’ Grandpuits refinery will no longer produce oil

MUFG bank finances sustainable development in India

MUFG bank announces that it is providing a sustainable trade finance facility for Tata Power in India.
  • [favorite_button]

Please share:

MUFG bank announces that it is providing a sustainable trade finance facility for Tata Power in India.

MUFG credit facilities

MUFG says the deal is for INR 450 crore in funding for Tata Power. This credit facility extends to TP Kirnali Limited (TPKL) solar projects. Incorporated in 2020, TPKL is a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL), a clean energy platform.

This is the first sustainable trade finance facility offered by MUFG in India. TPKL will use the funds to generate renewable energy capacity. Thus, the collaboration will open up new opportunities to raise green finance.

Two solar projects from Tata Power

MUFG is extending this credit to finance the acquisition of TPKL’s two solar energy projects. The first project is located in Parthur, in the Indian state of Maharashtra. The second 120MW project is in Mesanka, in the Indian state of Gujarat.

Belinda Han, MUFG’s head of Asia-Pacific banking transactions, says :

“MUFG is honored to partner with Tata Power on this landmark sustainable trade finance facility. As more and more companies include ESG goals in their KPIs, MUFG is committed to supporting our clients in achieving these goals. This facility is designed to support our clients’ sustainability programs and catalyze the greening of global supply chains and we are excited to launch it in India.”

Mumbai-based Tata Power aims to become net zero carbon by 2045. In addition, the company currently has 14,076MW of installed capacity.

Register free of charge for uninterrupted access.

Publicite

Latest news

India’s coal-fired electricity generation drops 9.5% in May, steepest decline in five years
Pine Gate signs 586 MW deal with Waaree for US-made solar modules
CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia
NANO Nuclear strengthens its board with former U.S. Department of Energy official
US crude oil inventories fall by 4.3 million barrels

Recently published in

Pine Gate signs 586 MW deal with Waaree for US-made solar modules

The $176 million agreement between Pine Gate Renewables and Waaree Solar Americas strengthens the US solar supply chain with locally manufactured modules.
TotalEnergies acquires a portfolio of solar and battery projects in the United Kingdom
TotalEnergies has acquired a 350 MW portfolio of solar projects and 85 MW of battery storage in the United Kingdom, expected to be operational by 2028 and supplying the equivalent of 100,000 British households.
en_1140290993540
TotalEnergies acquires a portfolio of solar and battery projects in the United Kingdom
TotalEnergies has acquired a 350 MW portfolio of solar projects and 85 MW of battery storage in the United Kingdom, expected to be operational by 2028 and supplying the equivalent of 100,000 British households.
en_1140290993540
TEPCO signs SGD35mn financing deal for rooftop solar projects in Singapore
Tokyo Electric Power Company signed a financing agreement with Bank SinoPac to support a 40 MW rooftop solar project in Singapore, marking a first for the group in the Asia-Pacific region.
en_1140290987540
TEPCO signs SGD35mn financing deal for rooftop solar projects in Singapore
Tokyo Electric Power Company signed a financing agreement with Bank SinoPac to support a 40 MW rooftop solar project in Singapore, marking a first for the group in the Asia-Pacific region.
en_1140290987540
rPlus Energies secures over $500mn for 800 MW solar-storage project in the United States
rPlus Energies finalised over $500mn in tax equity financing with RBC to support the construction of the 800 MW Green River Energy Center in Utah.
en_1140290992540
rPlus Energies secures over $500mn for 800 MW solar-storage project in the United States
rPlus Energies finalised over $500mn in tax equity financing with RBC to support the construction of the 800 MW Green River Energy Center in Utah.
en_1140290992540

Carey International commits $870mn to utility-scale solar projects in the United States

Carey International Group has committed $870mn to the construction of solar projects in the United States, marking the official launch of an energy portfolio led by SYMX Energy, with commissioning scheduled for 2026.
Côte d’Ivoire launches two 200 MWc solar tenders with integrated storage
The Ivorian government has opened two tenders for 100 MWc photovoltaic plants in Dabakala and Niakaramandougou, each with 33 MWh of storage and 25-year IPP concessions.
en_1140290947540-4
Côte d’Ivoire launches two 200 MWc solar tenders with integrated storage
The Ivorian government has opened two tenders for 100 MWc photovoltaic plants in Dabakala and Niakaramandougou, each with 33 MWh of storage and 25-year IPP concessions.
en_1140290947540-4
NextEra Energy launches 100 MW solar farm in Louisiana with DEMCO
NextEra Energy Resources has inaugurated its first large-scale solar energy site in Louisiana, marking a key milestone in its expansion strategy with a capacity of 100 megawatts.
en_1140290961540-2
NextEra Energy launches 100 MW solar farm in Louisiana with DEMCO
NextEra Energy Resources has inaugurated its first large-scale solar energy site in Louisiana, marking a key milestone in its expansion strategy with a capacity of 100 megawatts.
en_1140290961540-2
Mon Power and Potomac Edison launch new 5.75 MW solar site through local partnership
The two FirstEnergy subsidiaries have opened a third solar site on former industrial land, in cooperation with local partners, reaching a total capacity of 30 megawatts.
en_1140290948540-3
Mon Power and Potomac Edison launch new 5.75 MW solar site through local partnership
The two FirstEnergy subsidiaries have opened a third solar site on former industrial land, in cooperation with local partners, reaching a total capacity of 30 megawatts.
en_1140290948540-3

Velto Renewables and Q ENERGY launch 9 MWc solar park in partnership in Aude

The La Gineste park, jointly developed by Q ENERGY and Velto Renewables, has a capacity of 9 MWc and marks a strengthening of the business partnership between the two companies in the Occitanie region.
EDF and KOWEPO win 1.5-GW Al Zarraf solar project in Abu Dhabi
EDF and Korea Western Power signed an agreement to develop a 1.5-GW solar power plant in Abu Dhabi, following a tender for which sixteen entities had been prequalified.
en_1140290952540-3
EDF and KOWEPO win 1.5-GW Al Zarraf solar project in Abu Dhabi
EDF and Korea Western Power signed an agreement to develop a 1.5-GW solar power plant in Abu Dhabi, following a tender for which sixteen entities had been prequalified.
en_1140290952540-3
BP signs final investment decision for 240 MW solar power plant in Azerbaijan
The Shafag 11 project in Jabrayil, backed by BP, SOCAR and the Azerbaijan Investment Company, secures a $200mn commitment at the Caspian Oil and Gas Exhibition.
en_1140290955540-2
BP signs final investment decision for 240 MW solar power plant in Azerbaijan
The Shafag 11 project in Jabrayil, backed by BP, SOCAR and the Azerbaijan Investment Company, secures a $200mn commitment at the Caspian Oil and Gas Exhibition.
en_1140290955540-2
Arctech to deliver 175 MW of solar trackers for hydrogen project in Oman
Chinese supplier Arctech will equip a green hydrogen project in Duqm with 175 MWp of solar trackers, marking a milestone in the industrial energy development of Oman’s coastal region.
en_1140290955540
Arctech to deliver 175 MW of solar trackers for hydrogen project in Oman
Chinese supplier Arctech will equip a green hydrogen project in Duqm with 175 MWp of solar trackers, marking a milestone in the industrial energy development of Oman’s coastal region.
en_1140290955540

TotalEnergies and RGE secure key licence to export 1 GW of electricity to Singapore

Singa Renewables receives Singaporean approval to import Indonesian solar electricity, marking a strategic step forward in a regional project led by TotalEnergies and RGE.
Waaree secures 586 MW solar deal in the US worth $176mn
Indian manufacturer Waaree has signed a $176mn solar module supply agreement with a US-based independent power producer, marking a key step in its industrial presence in the United States.
en_1140290957540
Waaree secures 586 MW solar deal in the US worth $176mn
Indian manufacturer Waaree has signed a $176mn solar module supply agreement with a US-based independent power producer, marking a key step in its industrial presence in the United States.
en_1140290957540
Solveo Energies deploys dynamic agrivoltaic system on apricot orchard
Solveo Energies has inaugurated an experimental agrivoltaic system in the Pyrénées-Orientales, combining solar power production and crop protection on a farm facing drought conditions.
en_1140290960540-15
Solveo Energies deploys dynamic agrivoltaic system on apricot orchard
Solveo Energies has inaugurated an experimental agrivoltaic system in the Pyrénées-Orientales, combining solar power production and crop protection on a farm facing drought conditions.
en_1140290960540-15
Washington cancels $2.92bn loan guarantee granted to Sunnova
The Trump administration has cancelled a federal guarantee granted to Sunnova Energy, withdrawing its support for a loan programme intended to finance 100,000 residential solar installations.
en_1140290944540-16
Washington cancels $2.92bn loan guarantee granted to Sunnova
The Trump administration has cancelled a federal guarantee granted to Sunnova Energy, withdrawing its support for a loan programme intended to finance 100,000 residential solar installations.
en_1140290944540-16

LONGi signs 102MW deal to equip public infrastructure in Finland

Chinese group LONGi has signed a 102MW supply contract for Hi-MO X10 back contact solar modules with a Finnish energy company, marking a step in its Northern European expansion.
TotalEnergies, Sonangol and Maurel & Prom launch 35 MWp solar plant in Angola
The Quilemba Solar joint venture is building a photovoltaic power plant near Lubango, marking a milestone for private initiative in Angola's electricity sector.
en_1140290954540-14
TotalEnergies, Sonangol and Maurel & Prom launch 35 MWp solar plant in Angola
The Quilemba Solar joint venture is building a photovoltaic power plant near Lubango, marking a milestone for private initiative in Angola's electricity sector.
en_1140290954540-14
AMPYR Energy USA acquires 210 MW of solar projects in the Carolinas to expand its portfolio
AMPYR Energy USA has completed the acquisition of two large-scale solar projects in the Carolinas, bringing its U.S. portfolio to over 4 GW.
en_1140290948540-14
AMPYR Energy USA acquires 210 MW of solar projects in the Carolinas to expand its portfolio
AMPYR Energy USA has completed the acquisition of two large-scale solar projects in the Carolinas, bringing its U.S. portfolio to over 4 GW.
en_1140290948540-14
Axian Energy begins construction of 60 MW solar power plant in Senegal
Axian Energy has launched work on the NEA Kolda solar plant, equipped with a 72 MWh storage system, for a total investment of €105mn ($113.6mn).
en_1140290947540-14
Axian Energy begins construction of 60 MW solar power plant in Senegal
Axian Energy has launched work on the NEA Kolda solar plant, equipped with a 72 MWh storage system, for a total investment of €105mn ($113.6mn).
en_1140290947540-14

Mirova grants $10mn loan to EDF for solar projects in Africa

EDF will strengthen its off-grid platform in Africa with a $10mn loan from Mirova to expand electricity access to 5 million people by 2030.
AES signs two deals to deliver 650 MW of solar to Meta data centres
AES will supply 650 MW of solar capacity to Meta through two long-term power purchase agreements in the United States, strengthening its position in the Southwest Power Pool market.
en_1140290963540-5
AES signs two deals to deliver 650 MW of solar to Meta data centres
AES will supply 650 MW of solar capacity to Meta through two long-term power purchase agreements in the United States, strengthening its position in the Southwest Power Pool market.
en_1140290963540-5
Boralex secures two 450 MW solar contracts in New York State
Boralex signed renewable energy certificate contracts with New York’s energy authority for two solar projects totalling 450 MW in capacity.
en_1140290968540-5
Boralex secures two 450 MW solar contracts in New York State
Boralex signed renewable energy certificate contracts with New York’s energy authority for two solar projects totalling 450 MW in capacity.
en_1140290968540-5
Ivory Coast approves $60mn solar power plant in Katiola
The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.
en_1140290969540-4
Ivory Coast approves $60mn solar power plant in Katiola
The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.
en_1140290969540-4

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS