Solar Federation Writes to RK Singh for Creation of a Fund to Provide Liquidity to DISCOMs

Solar Federation Writes to RK Singh for Creation of a Fund to Provide Liquidity to DISCOMs

The National Solar Energy Federation of India (NSEFI) has written to the Minister for Power, New and Renewable Energy, R. K. Singh, seeking the creation of a fund for providing liquidity to ...
Budgetary Allocation for Solar Increased by 1% While Coal Gets a 48% Boost in 2019-20

Budgetary Allocation for Solar Increases by 1% While Coal Gets a 48% Boost in 2019-20

In the recently announced budget for FY 2019-2020, there is a very slight increase in the budgetary allocation of funds for the solar energy sector when compared to the allocation ...
Rewa Solar Park Projects

Sprng Energy Commissions 250 MW of Solar Projects at Madhya Pradesh’s Rewa Solar Park

Sprng Energy Private Limited, the renewable energy platform of Actis Private Equity Funds, has announced the commissioning of its first renewable energy project in India. The 250 MW solar project ...
Railways Management Company Announces Tender for 140 MW of Wind-Solar Hybrid Projects

IREDA’s Tender Calls for Empanelment of Resource Assessment Agencies for Wind and Solar

The Indian Renewable Energy Development Agency Limited (IREDA) has invited bids for the empanelment of resource assessment agencies for wind and solar technologies. The last date for the submission of ...
Odisha Removes Upper Limit of 1 MW for Net-Metered Rooftop Solar Projects

Reliance Issues EoI to Procure 145 MW of Renewable Power Under Open Access Category

Reliance Industries Limited has issued an expression of interest for the procurement of renewable energy under a short-term basis from April 1, 2019, to March 31, 2020. The company intends ...
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Reliance Buys 88% Stake in Renewable Energy Firm Kanoda Energy Systems

Reliance, one of the country’s largest companies, has acquired controlling stake in a renewable energy firm. In a Bombay Stock Exchange (BSE) filing, Reliance Industrial Investments and Holdings Limited (RIIHL), ...
/ / Finance and M&A, Solar
Month in a Minute: Important News from Indian Solar Industry in September 2018

Month in a Minute: Important News from Indian Solar Industry in September 2018

The month of September witnessed some key announcements in the Indian solar industry. For instance, an order passed by the Supreme Court ended the ongoing confusion on the imposition of ...
/ / Markets & Policy, Solar
IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

The Indian Renewable Energy Development Agency (IREDA) has posted gross income worth ₹17.8 billion (~$0.24 billion) in financial year (FY) 2017-18. This is an approximate growth of 20 percent over ...
/ / Markets & Policy, Solar
Jhansi Smart City Issues Rooftop Solar Tenders for its Schools and Government Offices

MPUVNL Conducts Pre-Bid Meeting for its 8.6 MW Rooftop Solar Tender

The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has issued tender for 8.6 MW of grid-connected rooftop solar under RESCO II model at more than 13 locations across Madhya Pradesh ...
/ / Solar, Tenders & Auctions
EIB Agrees to Provide a $25 Million Loan to Strengthen Energy Access in Africa

EIB Agrees to Provide a $25 Million Loan to Strengthen Energy Access in Africa

The European Investment Bank (EIB) has announced plans to provide $25 million in financing to low-cost solar power provider D.light design to strengthen energy access in Africa through the installation of ...
/ / Off-grid, Solar
IREDA’s Gross NPAs Rose to 6 Percent in FY 2016-17

IREDA’s Gross NPAs Rose to 6 Percent in FY 2016-17

The Indian Renewable Energy Development Agency (IREDA)’s gross non-performing assets (NPAs) rose to 6.01 percent of its total assets in the financial year (FY) 2016-17. The net NPAs of IREDA ...
/ / Markets & Policy, Solar
IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy in India

IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy Projects in India

The European Investment Bank (EIB) and the Indian Renewable Energy Development Agency (IREDA) have inked an agreement worth €150 million (~$184.81 million) to further the growth of renewable energy generation in ...
IREDA Gets a Nod from SEBI to Launch IPO

IREDA Gets a Nod from SEBI to Launch IPO

The Indian Renewable Energy Development Agency (IREDA) has received a green signal from the Securities and Exchange Board of India (SEBI) for the launch of its Initial Public Offering (IPO). Now, ...
/ / Markets & Policy, Solar
KSERC Sets ₹3.90/kWh as Interim Tariff for Power Purchased from IREDA

KSERC Sets ₹3.90/kWh as Interim Tariff for Power Purchased from IREDA

The Kerala State Electricity Regulatory Commission (KSERC) has approved ₹3.90 (~$0.062)/kWh as the interim tariff for the electricity supplied from the 50 MW Kasargod Solar Park set up in Ambalathara ...
/ / Markets & Policy, Solar
IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects

IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects

The Indian Renewable Energy Development Agency Limited (IREDA) has entered into a $35 million sub-loan agreement with the Rewa Ultra Mega Solar (RUMSL) for the development of the Rewa and ...
/ / Finance and M&A, Solar
Market Forces Should Determine Solar Growth in India Without Subsidies

Interview: Market Forces Should Determine Solar Growth in India Without Subsidies

In line with the government’s ambitious renewable energy targets, India has seen an impressive increase in the rate at which these energy sources are being tapped for utilization. But given ...
/ / Markets & Policy, Solar
IREDA Files IPO papers with SEBI

IREDA Files IPO Papers with SEBI

Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
/ / Finance and M&A, Solar
World Bank Loan Solar Parks India

World Bank Will Provide $100 Million to Develop Solar Parks in India

The Government of India (GoI) and the World Bank have signed agreements to develop large-scale solar parks in India. As part of the agreements the World Bank will provide $100 ...
/ / Finance and M&A, Solar
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

Month in a Minute: Top Headlines From the Indian Renewable Energy Sector in October 2017

Here is a list of important headlines, developments and data points from India’s renewable energy sector during October 2017. ACME Solar Holdings announced that it is looking to raise $337 ...
USICEF to Provide Grants for Distributed Solar in India

USICEF to Provide $900,000 in Grants for Distributed Solar in India

The US-India Clean Energy Finance (USICEF) initiative is set to provide $900,000 in grants to companies involved in India’s solar sector as part of an effort to catalyze the adoption ...
/ / Rooftop, Solar
IREDA Green Masala Bonds

IREDA Raises $300 Million through Green Masala Bonds

The Indian Renewable Energy Development Agency (IREDA) raised $300 million (~₹19.5 billion) through the issuance of Green Masala Bonds on the Singapore Exchange (SGX). The agency issued a five-year green ...
/ / Finance and M&A, Solar
Reliance Money Secures Loan from IREDA for Renewable Energy Projects

Reliance Money Secures ₹3 Billion Loan from IREDA for Renewable Energy Projects

The Indian Renewable Energy Development Agency (IREDA) will provide loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary ...
/ / Finance and M&A, Solar
IEX Launched IPO

IEX Launches IPO

The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
/ / Finance and M&A, Other
EIB to Provide Funding to Indian Renewable Energy Sector

EIB to Provide €800 Million in Funding to Indian Renewable Energy Sector

The European Investment Bank (EIB) will be providing €800 million (~₹61.3 billion) in funding for renewable energy investment across India. This includes renewable energy financing in partnership with the Indian ...
/ / Finance and M&A, Solar
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in June 2017

The Ministry of New and Renewable Energy (MNRE) de-empaneled 71 channel partners fromits grid-connected rooftop and small solar power projects program. These agencies had not entered any installation data or ...