RBI Increases Priority Sector Lending Cap to Renewables by Two-Fold
The Reserve Bank of India (RBI) has come out with the details for the priority sector lending. The apex bank has increased the lending limit for the renewable sector. The ...
Power Finance Corporation Releases ₹306 Billion as Part of DISCOMs’ Liquidity Package
The Power Finance Corporation Limited (PFC) has approved ₹306.07 billion (~$4.09 billion) as of July 31, 2020, as part of the liquidity package announced by the government for eligible distribution ...
To Boost Liquidity, RBI Increases Priority Sector Lending Limit for Renewable Energy
The Reserve Bank of India (RBI) has introduced several policy measures to enhance liquidity support for the financial market and other stakeholders to ease the financial stress caused by the ...
RBI Cuts Repo Rate, Extends Relief on Loan Repayment by Another 3 Months Amid COVID-19
The Reserve Bank of India (RBI) announced the third round of monetary measures to boost the economy amid the lockdown caused by the Coronavirus pandemic. During the press briefing, the ...
Top Headlines from India’s Renewable Sector in April
The month of April witnessed several important events that might have a significant impact on the renewable energy sector going forward. Here are some of the important developments in April ...
Chhattisgarh Cuts Late Payment Surcharge to 0.75% to Help DISCOMs
To deal with the ongoing COVID-19 pandemic, which has caused economic disruptions across the board, the Chhattisgarh Electricity Regulatory Commission (CSERC) has issued an order reducing the payment of the ...
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 ...
Industry Groups Ask for Renewable Generators to be Fully Paid Amid COVID-19 Crisis
The Solar Power Developers Association (SPDA) and the Indian Renewable Energy Alliance (IREA) have written letters to the Government of India requesting necessary relief for renewable energy generators in the ...
CERC Asked to Reduce Late Payment Surcharge as Cash Flow Dries Up Amid COVID-19 Outbreak
The Ministry of Power (MoP) has disclosed that it has received representations from power distribution companies and state governments requesting a waiver of late payment surcharge (LPS) given the force ...
RBI Relaxes External Commercial Borrowing Norms to Benefit Solar & Wind Companies
In January 2019, National Solar Energy Federation of India (NSEFI) wrote to the Reserve Bank of India (RBI) to carve out a special category to allow External Commercial Borrowings (ECB) ...
RK Singh Rallies for Removal of Priority Sector Lending Limit for Renewable Projects
Union Power Minister R.K. Singh held a meeting recently in the national capital to review the issues affecting the renewable energy sector. The meeting was attended by various stakeholders including ...
Adani Green to Raise $500 Million Through Green Bonds
Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced it will raise $500 million through green bonds. The bonds will be listed on the Singapore ...
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 ...
RBI’s New Policy on ECBs Could Leave Renewable Energy Projects Stranded
The National Solar Energy Federation of India (NSEFI) has written a letter to the Prime Minister’s Office (PMO) regarding the new External Commercial Borrowings (ECB) policy framework implemented by the ...
Does the Appointment of New RBI Governor Help India’s Solar Sector?
In the recent quarters, India’s solar industry has been reeling with lending issues, among other factors related to financing. Interest rates are about 1 percent higher and availability of financing ...
Power Generators Can Terminate PPA if DISCOM Defaults on Payment: Committee Proposal
The Government of India constituted a High Level Empowered Committee (HLEC) on July 29, 2018 chaired by the Cabinet Secretary to address the issues of stressed thermal power projects. Country’s apex ...
RBI’s Amended FPI Guidelines Could Restrict Investments into India’s Renewable Sector
The Reserve Bank of India (RBI) has amended the guidelines with regards to investments made in the country by foreign portfolio investors (FPI). The amended guidelines have been issued with ...
Solar Fastest Growing New Energy Source in India, Installations Surge in First 5 Months of 2016, Exceeding All of Previous Year
India solar development pipeline now stands at 22 GW, more than 13 GW under construction Mercom Capital Group, a global clean energy communications and research firm released its quarterly update ...
Mercom Capital Group Raises Indian Solar Forecast to Over 2 GW for 2015
Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom’s forecast for solar installations in India for CY ...