rbi

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Government to Issue ₹200 Billion Sovereign Green Bonds in Second Half of FY24

The government of India will seek to raise ₹200 billion (~$2.2 billion) by issuing Sovereign Green Bonds in the second half of the current financial year (FY) 2023-24....

September 27, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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Canara Bank Issues Policy to Deploy Green Deposits in Renewable Energy Projects

In a sign that India’s financial institutions are getting serious about contributing to the country’s energy transition goals, public sector bank Canara Bank has issued...

August 16, 2023

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B.S. Nagaraj

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Finance and M&A

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Other

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Renewable Energy
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Parliament Panel Wants Renewable Finance Obligation Prescribed for Banks

Parliament’s Standing Committee on Energy has asked the government to explore the possibility of prescribing Renewable Finance Obligations along the lines of Renewable...

July 27, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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India Needs to Adopt Carbon Pricing and Taxation to Meet Climate Objectives

India must establish a comprehensive carbon pricing mechanism in line with current international standards and implement a carbon tax to accelerate the growth of green...

May 5, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: India’s Wind Installations Grew by 168% YoY in Q1 2023

Wind capacity installations in India rose 168% year-over-year to 737.9 MW in the first quarter of the calendar year 2023. Installations grew 222% quarter-over-quarter...

April 13, 2023

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Mercom Staff

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Daily Wrap-up
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Reserve Bank Issues Framework for Banks to Accept Green Deposits

The Reserve Bank of India (RBI) has issued a framework for financial institutions to offer ‘Green Deposits’ to customers, address ‘greenwashing’ concerns, and help...

April 12, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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IREDA Receives Infrastructure Finance Company Status from the RBI

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has been granted an ‘Infrastructure Finance Company’ (IFC) status by the Reserve Bank of India...

March 14, 2023

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Satish Shetty

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Other

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Renewable Energy
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Indore Municipal Corporation Raises ₹3 Billion in Green Bonds

The Indore Municipal Corporation has raised ₹3.03 billion (~$36.69 million) in green bonds with its ₹2.44 billion (~$29.67 million ) issue being oversubscribed by 1.24...

February 10, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Government Completes Sale of Maiden ₹160 Billion Sovereign Green Bonds

The government completed the sale of ₹160 billion (~$1.9 billion) worth of sovereign green bonds, with the second tranche raising ₹80 billion (~$970 million) on Thursday....

February 10, 2023

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B.S. Nagaraj

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Finance and M&A

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Other
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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....

January 23, 2023

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Mercom Staff

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Daily Wrap-up

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Other
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RBI to Auction First Tranche of Green Bonds Worth ₹80 Billion on January 25

The government has announced the sale of sovereign green bonds (SBG) worth ₹80 billion (~$986 million) through an auction by the Reserve Bank of India, Mumbai, on...

January 20, 2023

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B.S. Nagaraj

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Finance and M&A

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Other
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Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

The loans to the renewable energy projects disbursed by the scheduled commercial banks stood at ₹41.77 billion (~$507.19 million) as of November 2022.  This is a 113%...

January 16, 2023

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Arjun Joshi

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Finance and M&A

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Other

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Renewable Energy
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RBI to Issue ₹160 Billion Sovereign Green Bonds in Two Tranches

The Reserve Bank of India (RBI), in consultation with the government, has said it will issue the Sovereign Green Bonds (SGB) worth ₹160 billion (~$1.9 billion) in two...

January 9, 2023

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Gautamee Hazarika

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Market & Policy

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Other

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Renewable Energy
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Government to Raise ₹160 Billion via Green Bonds in the Current Fiscal Year

The government will issue ₹160 billion (~$1.9 billion) worth of sovereign green bonds (SGB) in the last quarter of the current fiscal year (FY2022-23) to raise funds for...

January 4, 2023

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Sumit Jha

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Markets & Policy

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Other

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Renewable Energy
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India’s NTPC Signs $482 Million Loan Agreement with Japan for Renewable Expansion

India’s largest energy conglomerate NTPC Ltd has entered into a foreign currency loan agreement with the Japanese Government’s financial institution, the Japan Bank for...

November 1, 2020

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Harsh Shukla

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Other

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Renewable Energy

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