India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects

India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects

Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequently ...
Supreme Court ReNew Power MPPMCL

What Does Supreme Court’s Order Quashing RBI’s NPA Circular Mean for the Solar Sector

Recently, the Supreme Court of India ordered the quashing of a circular issued by the Reserve Bank of India on non-performing assets (NPAs). According to a PTI report, “The Supreme ...
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
power financial corporation

Power Finance Corporation to Shift Investments Towards Renewables

The Power Finance Corporation (PFC), a government owned financial Institution, is planning to shift its investments away from conventional energy and towards renewable energy projects, last-mile transmission and distribution projects ...