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RBI to issue Rs 200 billion in sovereign green bonds in FY 2024-25

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The Reserve Bank of India (RBI) has announced the issuance of Rs 200 billion in sovereign green bonds across four equal tranches during the second half of fiscal year 2024-25. These bonds will fund projects in renewable energy, clean transportation, sustainable water management, and other climate-focused sectors. The first tranche of Rs 50 billion with a 10-year tenor will open for subscription from November 25 to 29, 2024. The second tranche, with a 30-year tenor,…

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AMPIN Energy Transition achieves financing for RE project in Rajasthan

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AMPIN Energy Transition has achieved financial closure for its 200 MW solar-wind hybrid project in Rajasthan, securing green financing of Rs 7.42 billion from Standard Chartered. The total investment in the project is valued at Rs 9.44 billion. Upon completion, the plant is expected to generate approximately 435 million units of renewable energy annually, supplying power to around 74,486 households. Standard Chartered, committed to expanding its sustainable finance efforts, aims to mobilize USD 300 billion…

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Unlocking Climate Finance: How Capital Markets Can Drive India’s Green Transition

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Despite the global acknowledgement of climate change, there has been a significant lag in the financial and technical support promised by developed countries to developing nations. These delays worsen as extreme weather conditions intensify, disproportionately affecting vulnerable developing countries. India, with a population of 1.4 billion and a per capita income of around USD 2,500, is particularly vulnerable. Although India’s per capita emissions remain relatively low at 1.6 metric tons of carbon dioxide equivalent (CO2e),…