REC Limited Raises $1.175 Billion to Provide Low-Cost Financing for Power Projects

REC Limited Raises $1.175 Billion to Provide Low-Cost Financing for Power Projects

REC Limited, a public infrastructure finance company, involved in financing power projects, has raised $1.175 billion (~₹82.45 billion) from a consortium of seven banks as the Mandated Lead Arrangers and ...
/ / Finance and M&A, Other
Residential Rooftop Solar Loans_ All You Need to Know

Residential Rooftop Solar Loans: All You Need to Know

In the fourth article of our series covering all you need to know about rooftop solar systems, we focus on ways to finance your residential rooftop system. This write-up will ...
/ / Consumers, Solar
Banks Continue to Support Fossil Fuels Despite Pact to Support Climate Deal

Banks Continue to Support Fossil Fuels Despite Pact to Support Climate Deal

Just when the United Nations Principles for Responsible Banking (PRB) marked its first anniversary, the latest review of the signatory banks' financial records shows how much they deviated from their ...
/ / Other, Renewable Energy
India Auctioned 2 GW of Solar Projects in August 2018

Banks Don’t want to be Blamed for not Lending to Solar Projects Due to Risks Taken by Others

It is common knowledge that the solar industry in India has several important issues that need to be resolved for the industry to keep growing. The Ministry of New and ...
/ / Markets & Policy, Solar
India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

India’s banking sector is staring at potential dud assets worth $38 billion (~₹2,470 billion) from the power sector, according to a latest report released by the Bank of America and ...