ireda

thumbnail
Month in a Minute: Top Headlines from the Indian Renewable Sector in January 2025

Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year decline from $34.4 billion, according to Mercom’s Annual and Q4 2024...

thumbnail
IREDA To Raise ₹50 Billion Through QIP For Green Energy Growth

The Indian Renewable Energy Development Agency (IREDA), a public sector company under the Ministry of New and Renewable Energy (MNRE), has announced plans to raise ₹50...

January 23, 2025

/

Staff

/

Finance and M&A

,

Renewable Energy
thumbnail
Daily News Wrap: Leading States in Solar-Powered Agriculture Under KUSUM Program

Maharashtra and Rajasthan are frontrunners in adopting the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program Component C, demonstrating...

January 13, 2025

/

Mercom Staff

/

Daily Wrap-up
thumbnail
IREDA’s Q3 Profits Record a 27% YoY Increase

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹4.25 billion (~$49.52 million) during the third quarter...

January 10, 2025

/

Tina Freese

/

Other

,

Renewable Energy
thumbnail
GMR Secures ₹21 Billion Loan from IREDA for Smart Meter Installation Project

GMR Smart Electricity Distribution (GSEDPL), a subsidiary of GMR Power and Urban Infra (GPUIL), has secured approval for a loan of ₹21.28 billion (~$247.66 million) from...

January 9, 2025

/

Staff

/

Markets & Policy

,

Renewable Energy
thumbnail
IREDA’s Loan Approvals for Renewables Grows 129% YoY

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported an increase in loan approvals and disbursements for the year ending December 31,...

January 2, 2025

/

Gautamee Hazarika

/

Markets & Policy

,

Renewable Energy
thumbnail
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

/

Gautamee Hazarika

/

Other

,

Renewable Energy
thumbnail
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

/

Staff

/

Finance and M&A

,

Renewable Energy
thumbnail
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

/

Mercom Staff

/

Daily Wrap-up
thumbnail
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

/

Gautamee Hazarika

/

Other

,

Renewable Energy
thumbnail
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

/

Mercom Staff

/

Daily Wrap-up
thumbnail
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

/

Arshreet Singh

/

Renewable Energy
thumbnail
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

/

Gautamee Hazarika

/

Other

,

Renewable Energy
thumbnail
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

/

Arjun Joshi

/

Markets & Policy

,

Solar
thumbnail
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

/

Arjun Joshi

/

Other

,

Renewable Energy

1

2

3

...

10