This loan provides Tikona with the liquidity for revival
By Juliet Shwe Gaung
DAWN is backed by Accion, FMO, Triodos and others
PT UPC Sidrap Bayu Energi, a subsidiary of US renewable energy company UPC Group, has signed financing deal with Overseas Private Investment Corporation (OPIC) of US worth $120 million to finance the development of Indonesia’s largest wind farm in South Sulawesi.
ReNew Power Ventures Pvt. Ltd, a green energy producer backed by the Goldman Sachs Group Inc., on Tuesday said it will receive $250 million debt financing as part of an agreement with the Overseas Private Investment Corp. (OPIC), the US government’s development finance institution.
The fresh round comes a year after it raised $10 million in its third round of Series B funding from Fidelity Growth Partners.
The commitment is the largest OPIC has made to a PE firm. It also brings commitments to LeapFrog to over $1b, heralding the arrival of the first billion-dollar group dedicated to equity impact investing
US govt’s development finance institution Overseas Private Investment Corporation (OPIC) and US-based lender Wells Fargo Bank,NA has entered into a $265-million co-financing agreement with India’s fifth largest private sector bank Yes Bank to increase lending to micro, small and medium enterprises in India. As per the agreement, OPIC will provide a debt… Read more »