ireda

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IREDA Reports Strong Q2 FY 2024-25 Performance, Cuts NPAs to 1%

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹3.88 billion (~$46.7 million) during the second quarter...

October 14, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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IREDA Invites Bids to Raise $113 Million to Fund Renewable Energy Projects

The Indian Renewable Energy Development Agency (IREDA) has invited bids from banks and financial institutions to raise term loans amounting to ¥16 billion(~ $113.3...

September 18, 2024

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Staff

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: SJVN Invites Bids for 1.2 MW Wind-Solar Hybrid Projects

SJVN has invited bids to select developers to set up 1,200 MW of Interstate Transmission System (ISTS)-connected wind-solar hybrid power projects in India. The last date...

July 16, 2024

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Mercom Staff

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Daily Wrap-up
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IREDA’s Profit Surges 30% YoY in Q1 FY 2025 as Loan Book Expands

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 30% year-over-year (YoY) increase in profit after tax for the first quarter...

July 15, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: NVVN Invites Bids for 12.82 MW Solar Projects

NTPC Vidyut Vyapar Nigam, an NTPC subsidiary, has invited bids to develop ground-mounted and rooftop solar photovoltaic projects with a total capacity of 12.82 MW across...

July 2, 2024

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Mercom Staff

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Daily Wrap-up
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IREDA’s Q1 Loan Sanctions Jump 383% in Boost to Renewables

Government-owned lender Indian Renewable Energy Development Agency (IREDA) approved loans amounting to ₹91.36 billion (~$1.09 billion) in the first quarter of financial...

July 1, 2024

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Arshreet Singh

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Renewable Energy
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IREDA Raises ₹15 Billion via Bonds, Issue Oversubscribed 2.65 Times

The Indian Renewable Energy Development Agency (IREDA) has raised ₹15 billion (~$179.5 million) through bonds, reflecting strong investor confidence in India’s...

June 24, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Solar Park DPRs of Central PSUs Exempted from State Committee Vetting

The Ministry of New and Renewable Energy (MNRE) has exempted solar and renewable energy parks developed by central public sector undertakings (CPSUs) or their joint...

May 15, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Month in a Minute: Top Headlines from Indian Renewable Sector in April 2024

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

May 3, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

April 23, 2024

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Mercom Staff

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Daily Wrap-up
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IREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 22, 2024

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Gautamee Hazarika

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Finance and M&A

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Solar
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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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Daily News Wrap-Up: ALMM Reimposed from April 1, 2024

The Ministry of New and Renewable Energy (MNRE) has notified the implementation of the Approved List of Models and Manufacturers (ALMM) regulation effective April 1,...

April 1, 2024

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Mercom Staff

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Daily Wrap-up
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IREDA Board Approves ₹242 Billion Borrowing Program for FY 2024-25

The government-owned lender Indian Renewable Energy Development Agency’s (IREDA) Board, in its recent deliberation, has approved a borrowing program totaling up to ₹242...

March 29, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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SJVN Inks Agreements to Supply 600 MW Solar Power in Rajasthan

SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, has signed a power usage agreement (PUA) and power purchase agreement (PPA) with Rajasthan Urja Vikas and IT...

March 11, 2024

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Satish Shetty

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Markets & Policy

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Solar

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