Ecuador president demands probe into predecessor’s oil projects

Ecuador’s President Lenin Moreno on Thursday asked the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor. Moreno said there were massive cost overruns, operational failings and non-transparent bidding processes at the five projects built during Rafael Correa’s […]

Oakridge raises India’s first residential solar rooftop LC from impact lender Maanaveeya

Oakridge Energy, one of North India’s leading residential rooftop solar companies, has raised a first line of credit from the Indian arm of Dutch social impact investor Oikocredit for financing a pilot of residential solar rooftop installations Oakridge intends to install. Oikocredit is among the world’s leading social impact investors with total assets of about […]