ireda

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IREDA’s FY 2025 Loan Approvals Grow 27% YoY

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has announced a 27% rise in loan approvals for the financial year (FY) 2025, as per...

April 1, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: UPPCL Announces 2 GW Solar Auction Results

NTPC Renewable Energy (NTPC REL), ReNew Solar Power, Fastnote Biofuels (Hindustan Power), and Adani Renewable Energy Holding Twelve declared winners in Uttar Pradesh...

March 31, 2025

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Staff

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Daily Wrap-up
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IREDA Secures $172 Million ECB Facility from SBI Tokyo

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has signed a loan facility with the State Bank of India Tokyo to raise JPY26 billion (~$172...

March 28, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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IREDA Raises ₹9.1 Billion Through Privately Placed Tier-II Bonds

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has raised ₹9.1 billion (~$106.16 million) by issuing privately placed subordinated Tier II...

March 26, 2025

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: Large-Scale Solar Project Costs Down 8% YoY in Q4 2024

In the fourth quarter (Q4) of calendar year 2024, the average cost of large-scale solar power projects in India fell over 8% year-over-year (YoY), according to Mercom’s...

March 21, 2025

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Mercom Staff

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Daily Wrap-up
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IREDA Issues Perpetual Bonds to Raise ₹12.47 Billion

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has issued its first-ever perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual...

March 20, 2025

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Tina Freese

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Other

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Renewable Energy
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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...

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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

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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: 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

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Mercom Staff

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Daily Wrap-up
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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

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Tina Freese

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Other

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Renewable Energy
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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

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Staff

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Markets & Policy

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Renewable Energy
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IREDA’s Loan Approvals for Renewables Grows 129% YoY in Q3

Government-owned lender Indian Renewable Energy Development Agency (IREDA) loan approvals surged to ₹310.87 billion (~$3.6 billion) in the third quarter (Q3) of the...

January 2, 2025

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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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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