disbursements

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IREDA Loan Approvals and Disbursements Reach Record High in FY 2024

Government-owned lender Indian Renewable Energy Development Agency (IREDA) approved loans amounting to ₹373.54 billion (~$4.48 billion) and disbursed ₹250.89 billion...

April 2, 2024

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Satish Shetty

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Other

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Renewable Energy
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SECI Releases ₹1.73 Billion Subsidy Under Solar Park Program in January 2024

The Solar Energy Corporation of India (SECI) paid solar and wind power producers ₹9.39 billion (~$113.3 million) for the energy purchased in January 2024. Disbursements...

March 15, 2024

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Arjun Joshi

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Other

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Renewable Energy
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PFC Posts ₹63 Billion Net Profit in Q3 FY2024, Loan Assets Rise 18.5% YoY

Government-owned Power Finance Corporation (PFC) recorded a net profit of ₹62.94 billion (~$758 million) during the third quarter (Q3) of the financial year (FY) of 2024,...

February 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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SECI Releases ₹2.3 Billion Subsidy Under Solar Park Program in October 2023

The Solar Energy Corporation of India (SECI) paid solar and wind power producers ₹10 billion (~$119.9 million) for the energy purchased in October 2023. The payment...

December 13, 2023

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Arjun Joshi

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Other

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Renewable Energy
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PFC Registers ₹66 Billion Net Profit in Q2 FY24, Up 27% YoY

Government-owned Power Finance Corporation (PFC) has recorded a net profit of ₹66.28 billion (~$795.5 million) during the second quarter (Q2) of the financial year (FY)...

November 10, 2023

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Renewable Lender IREDA Approved 37% More Loans in FY 2022-23

The Indian Renewable Energy Development Agency (IREDA) has approved ₹327.6 billion (~$4 billion) worth of loans as on March 27, up 37% year-over-year (YoY), which...

March 29, 2023

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Gourav Mishra

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Other

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Renewable Energy
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IREDA Reports Highest-Ever Loan Disbursement to Renewable Energy Sector in FY 2022

Indian Renewable Energy Development Agency (IREDA) recorded its highest-ever loan approvals of ₹239.21 billion (~$3.16 billion) and loan disbursements of ₹160.71 billion...

April 5, 2022

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Arjun Joshi

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Other

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Renewable Energy
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SECI Pays ₹4.33 Billion to Solar, Wind Generators in March for Power Purchase

The Solar Energy Corporation of India (SECI) paid nearly ₹4.33 billion (~$58.99 million) to solar and wind developers for the power it purchased in March 2021, as per...

May 19, 2021

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Rakesh Ranjan

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Finance and M&A

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Solar
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SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021

The Solar Energy Corporation of India (SECI) paid about ₹4.25 billion (~$58.6 million) to solar and wind developers in January 2021, according to data released by the...

March 18, 2021

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Nithin Thomas

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Finance and M&A

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Solar
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SECI Payouts to Solar, Wind Developers up Slightly at ₹3.85 Billion in November 2020

The Solar energy Corporation of India (SECI) paid nearly ₹3.85 billion (~$52.6 million) to solar and wind developers in November 2020, which amounted to over 60% of the...

January 21, 2021

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Nithin Thomas

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Finance and M&A

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Solar

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Uncategorized
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Power Sale Agreement Signing Delays Could Slow Down Pace of Solar Installations

The large-scale solar project pipeline in India stood at 44.7 GW, with another 34.6 GW of tendered capacity pending auctions at the end of Q3 2020, according to Mercom...

December 8, 2020

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Rahul Nair

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Mercom Research Focus

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Other
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SECI Released Over ₹4.5 Billion to Clear Dues of Solar and Wind Developers in September

The Solar Energy Corporation of India (SECI) paid out nearly ₹4.53 billion (~$61.6 million) for solar and wind power purchases in September 2020, according to the latest...

October 20, 2020

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Nithin Thomas

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Markets & Policy

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Solar
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SECI Disbursed ₹5.2 Billion to Solar and Wind Power Generators in July 2020

The Solar Energy Corporation of India Limited (SECI) paid nearly ₹5.2 billion (~$70.2 million) to developers for the purchase of solar and wind power in July 2020. This...

August 28, 2020

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Nithin Thomas

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Grid

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Market & Policy
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SECI Disbursed ₹4.4 Billion to Solar and Wind Power Generators in June 2020

The Solar Energy Corporation of India Limited (SECI) paid nearly ₹4.4 billion (~$58.8 million) to developers for the purchase of solar and wind power in June 2020. This...

August 5, 2020

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Nithin Thomas

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Markets & Policy

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Solar

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