PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters
The Power Finance Corporation Limited (PFC), in a recent filing on the Bombay Stock Exchange (BSE), said that it had approved the infusion of ₹1.5 billion (~$20.4 million) in a ...
LoU from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders
Union Power Minister R.K. Singh has approved the proposal to accept letters of undertaking (LoU) from three non-banking financial institutions that can be used like bank guarantees in renewable tenders ...
IREDA Seeks Consultants for Wind and Solar Projects under GBI Program
The Indian Renewable Energy Development Agency (IREDA) has issued a request for proposal (RfP) seeking consultants for wind and solar projects under the generation-based incentives (GBI) program. Interested bidders are ...
RK Singh Addresses Renewable Industry Stakeholders, Emphasizes on Self-Reliance
The Union Power Minister, RK Singh, recently interacted with developers of generation and transmission projects in the power and renewable sectors. The minister reiterated the need for ‘Aatmanirbhar Bharat’ to ...
Despite COVID-19, About $7 Billion Worth of Solar Tenders Announced in Q1
While the global pandemic continues to affect the solar industry around the world, India announced 14 GW of solar tenders. Despite the pandemic, about 3.5 GW of solar projects were ...
Time is Now for RBI to Categorize Renewables as a Separate Sector, Remove Lending Limits
The rapidly expanding renewable energy in India accounted for almost 36% of India’s total power capacity mix at the end of the calendar year (CY) 2019. The country’s total installed ...
MNRE Mulls Alternatives for EMD & PBG to Ease Liquidity in the Solar Sector
MNRE is considering alternative arrangements for earnest money deposits (EMDs) and performance guarantees (PBGs) submitted by developers to Solar Energy Corporation of India (SECI) and the National Thermal Power Corporation ...
Madhya Pradesh’s RUMSL Seeks Consultants for Setting up Solar Parks
The Rewa Ultra Mega Solar Limited (RUMSL) has invited proposals from interested consultants for setting up solar parks in the state of Madhya Pradesh. The International Bank for Reconstruction and ...
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 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 ...
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 ...
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 ...
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 ...
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), ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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, ...
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 ...
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 ...
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 ...
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 ...
