Daily News Wrap-Up: RBI to Auction Green Bonds on January 25

Daily News Wrap-Up: RBI to Auction Green Bonds on January 25

The government announced the sale of sovereign green bonds (SGB) worth ₹80 billion (~$986 million) through an auction by the Reserve Bank of India, Mumbai, on January 25. The auction ...
/ / Daily Wrap-up, Other
Government Sets IREDA a Revenue Target of ₹33.61 Billion for FY23

Government Sets IREDA Revenue Target of ₹33.61 Billion for FY23

The Government of India has set a revenue target of ₹33.61 billion (~$414 million) for the financial year (FY) 2022-23 for Indian Renewable Energy Development Agency (IREDA), 18% higher than ...
Husk Power Secures $750,000 in Debt Financing to Expand Operations

Husk Power Secures $750,000 in Debt Financing to Expand Operations

Husk Power Systems, a solar microgrids operator, has secured a $750,000 loan from German Investment Corporation -  Deutsche Investitions- und Entwicklungsgesellschaft (DEG) to support the company’s expansion of India operations ...
Daily News Wrap-Up: MNRE Extends Timeline for Solar Projects Under CPSU Program

Daily News Wrap-Up: MNRE Extends Timeline for Solar Projects Under CPSU Program

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy (MNRE) has granted a timeline extension until September 30, 2024, ...
/ / Other, Renewable Energy
IREDA Approves ₹44.45 Billion Loan for SJVN to Develop 1 GW Solar Project

IREDA Approves ₹44.45 Billion Loan for SJVN to Develop 1 GW Solar Project

The Indian Renewable Energy Development Agency (IREDA) has sanctioned a ₹44.45 billion (~$537.14 million) loan to SJVN Green Energy, a subsidiary of SJVN, to develop a 1 GW solar project ...
IREDA's Loan Approvals for Renewables Swells by 89% QoQ in Q2 FY23

IREDA’s Loan Approvals for Renewables Swell by 89% QoQ in Q2 FY23

Indian Renewable Energy Development Agency (IREDA) has posted a profit of ₹1.84 billion (~$22.83 million) in the second quarter (Q2) of the financial year (FY) 2023, marking an increase of ...
/ / Finance and M&A, Other
Smaller Solar Module Manufacturers Find it Challenging to Raise Capital

Smaller Solar Module Manufacturers Find it Challenging to Raise Capital

Module manufacturers are scrambling to add capacity and upgrade technology after the government effectively barred imports. While large and established companies say capital is available in the market for expansion, ...
Daily News Wrap-Up: IREDA Partners with Bank Of India to Fund Renewable Energy Projects

Daily News Wrap-Up: IREDA Partners with Bank Of India to Fund Renewable Energy Projects

Here are some noteworthy cleantech announcements of the day from around the world: Indian Renewable Energy Development Agency (IREDA) signed a memorandum of understanding (MoU) with the Bank of India ...
/ / Other, Renewable Energy
IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

A non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) posted a total income of ₹7.86 billion (~$98.69 million) ...
Daily News Wrap-Up NHPC Awards 1 GW Solar EPC Contacts to Adani, Tata, Shirdi Sai

Daily News Wrap-Up: NHPC Awards 1 GW Solar EPC Contracts to Adani, Tata, Shirdi Sai

Here are some noteworthy cleantech announcements of the day from around the world: NHPC Limited awarded engineering procurement and construction contracts worth ₹66.04 billion (~$851.72 million) to develop 1 GW ...
Daily News Wrap-Up: Azure Power Announces a New Chief Executive Officer

Daily News Wrap-Up: Azure Power Announces a New Chief Executive Officer

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power Global announced that Harsh Shah would be joining as the Chief Executive Officer, effective July ...
IREDA Reports Highest-Ever Profit of ₹6.34 Billion in FY 22, an 83% Jump YoY

IREDA Reports Highest-Ever Profit of ₹6.34 Billion in FY 22, an 83% Jump YoY

Indian Renewable Energy Development Agency (IREDA), a non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), recorded an all-time high annual profit after tax (PAT) of ...
IREDA Reports Highest-Ever Loan Disbursement to Renewable Energy Sector in FY 2022

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 (~$2.12 billion) in the financial year (FY) 2021-2022 ...
/ / Other, Renewable Energy
EV Ride-Hailing Platform BluSmart Secures ₹2.6 Billion from IREDA for Electric Cars

EV Ride-Hailing Platform BluSmart Secures ₹2.6 Billion from IREDA for Electric Cars

The Indian Renewable Energy Development Agency Limited (IREDA) approved a loan of ₹2.68 billion (~$35.27 million) to BluSmart Mobility, an electric ride-hailing platform — to buy 3,000 electric cars. The ...
Daily News Wrap-Up: Azure Power Commissions 300 MW Solar Project

Daily News Wrap-Up: Azure Power Commissions 300 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power, an independent solar power producer, announced the full commissioning of its 300 MW Interstate Transmission ...
/ / Other, Renewable Energy
Renewables Sector Needs an Annual Investment of ₹2 Trillion Standing Committee Report

Renewables Sector Needs an Annual Investment of ₹2 Trillion: Standing Committee Report

The Parliamentary Standing Committee on Energy recommended that the Ministry of New and Renewable Energy (MNRE) work proactively to make available and explore innovative financing mechanisms and alternative funding avenues ...
/ / Finance and M&A, Other
Month in a Minute Top Headlines from the Indian Renewable Sector in February 2021

Month in a Minute: Top Headlines from the Indian Renewable Sector in February 2022

Here is a recap of some of the most important headlines from February 2022: India installed a record 10 GW of new solar capacity in 2021, a big jump of ...
/ / Other, Renewable Energy
Solar Module Manufacturing PLI Auction Winners List Updated - Jindal Out, Adani In

Solar Module Manufacturing PLI Auction Winners List Updated – Jindal Out, Adani In

The Indian Renewable Energy Development Agency (IREDA) has announced an updated list of successful bidders for setting up manufacturing capacities for a minimum of 10 GW of vertically-integrated high-efficiency solar ...
/ / Solar, Tenders & Auctions
Husk Power Secures ₹310 Million in Debt Financing to Expand Solar Microgrids

Husk Power Secures ₹310 Million in Debt Financing to Expand Solar Microgrids

Husk Power Systems, a renewable energy company working towards rural electrification, announced that it has secured ₹310 million (~$4.2 million) in debt financing from the Indian Renewable Energy Development Agency ...
/ / Finance and M&A, Solar
Daily News Wrap-Up IREDA’s Revenue Target ₹27.49 Billion From Lending to Renewables

Daily News Wrap-Up: IREDA’s Revenue Target ₹27.49 Billion From Lending to Renewables

Here are some noteworthy cleantech announcements of the day from around the world: Indian Renewable Energy Development Agency (IREDA) signed a memorandum of understanding (MoU) with the Ministry of New ...
/ / Other, Renewable Energy
APTEL Allows IREDA to Approach Kerala Commission to Review the Tariff of a Solar Project

APTEL Allows IREDA to Approach Kerala Commission to Review the Tariff of a Solar Project

The Appellate Tribunal for Electricity (APTEL), in a recent ruling, allowed the Indian Renewable Energy Development Agency (IREDA) to approach the Kerala State Electricity Regulatory Commission (KSERC) to review the ...
/ / Markets & Policy, Solar
Month in a Minute Top Headlines from Indian Renewable Sector in January 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in January 2022

Here is a recap of some of the most important headlines from January 2022: ReNew Power sold its 117 MW of rooftop solar portfolio to distributed solar company Fourth Partner ...
/ / Other, Renewable Energy
Daily News Wrap-Up: UPC-AC Energy Starts Construction of a 300 MW Solar Project

Daily News Wrap-Up: UPC-AC Energy Starts Construction of a 300 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: ACEN, the listed energy platform of Ayala Group, and UPC Solar Asia Pacific commenced construction of their ...
/ / Other, Renewable Energy
Government Approves Equity Infusion of ₹10 Billion in Solar Energy Corporation of India

Government Approves Equity Infusion of ₹10 Billion in Solar Energy Corporation of India

The Ministry of New and Renewable Energy (MNRE) has announced that the government has approved an equity infusion of ₹10 billion (~$ 134.11 million) in Solar Energy Corporation of India ...
/ / Other, Renewable Energy
Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

The Cabinet Committee on Economic Affairs has approved the equity infusion of ₹15 billion (~$201.27 million) in the Indian Renewable Energy Development Agency (IREDA). This fresh equity injection is expected ...
/ / Other, Renewable Energy
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