rec-limited

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RECPDCL Tenders 4.5 GW ISTS Transmission Project in Andhra Pradesh

REC Power Development and Consultancy (RECPDCL) has issued a Request for Proposal to establish an interstate transmission system (ISTS) to evacuate 4.5 GW of power from...

October 28, 2024

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Tina Freese

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Renewable Energy

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Tenders and Auctions
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MNRE Aims to Increase Rooftop Solar Vendors Under PM Surya Ghar to 25,000

The Ministry of New and Renewable Energy (MNRE) is enhancing the number of rooftop solar vendors under the PM Surya Ghar: Muft Bijli Yojana from 8,000 to 25,000. The...

October 18, 2024

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Tina Freese

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Rooftop

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Solar
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REC Raises $500 Million Via Green Bonds to Finance Clean Energy Projects

REC Limited, a state-owned infrastructure finance company, has raised $500 million through 5-year green bonds as part of its $10 billion Global Medium-Term Program. The...

September 30, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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Project Finance Brief: Emeren Group Sells 42 MW Solar Project Portfolio in Spain

From: Mercom Capital Group Emeren Group, a solar project developer, announced the sale of a 42 MW ready-to-build solar project portfolio in Spain to CVE España, part of...

July 17, 2024

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Staff

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Finance and M&A

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Solar
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Funding and M&A Roundup: Naked Energy Raises $22 Million

From: Mercom Capital Group Naked Energy, a provider of solar thermal and solar PVT solutions, secured £17 million (~$22.06 million) in a Series B funding round led by E....

July 17, 2024

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Arjun Pradeep

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Finance and M&A

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Other
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REC Avails $388 Million Loan from SACE for Green Energy Projects

Public infrastructure finance company REC Limited has availed a green loan of ¥60.5 billion (~$387.6 million) from SACE, an Italian export credit agency, to finance a...

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Daily News Wrap-Up: GUVNL’s 500 MW Wind-Solar Hybrid Auction

KPI Green Energy and Juniper Green Energy were declared the winners of Gujarat Urja Vikas Nigam’s auction to procure power from 500 MW grid-connected wind-solar hybrid...

January 24, 2024

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Mercom Staff

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Daily Wrap-up
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REC Limited Records Highest-Ever 9M Profit of ₹100 Billion in FY24

Public infrastructure finance company REC Limited recorded a revenue of ₹120 billion (~$1.44 billion) for the third quarter (Q3) of the financial year (FY) 2023-24, a 23....

January 23, 2024

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Satish Shetty

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Finance and M&A

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Renewable Energy
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REC Limited to Lead National Rooftop Solar Program

Public infrastructure finance company REC Limited has been designated as the overall implementing agency for the Grid-Connected Rooftop Solar Program, which aims to...

January 19, 2024

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Satish Shetty

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Markets & Policy

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Rooftop

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Solar
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Project Finance Brief: Mytilineos Secures Financing for 588 MW Solar Portfolio

From: Mercom Capital Group Mytilineos, a Greek industrial conglomerate, has reached the financial close for its 588 MW non-recourse solar park portfolio in Chile. The...

January 17, 2024

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: BESS Developer NineDot Raises $225 Million

From: Mercom Capital Group NineDot Energy, a developer of community-scale battery energy storage systems (BESS), has secured a $225 million equity capital commitment...

January 17, 2024

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Staff

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Finance and M&A

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Other
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REC Raises $420.9 Million Via Yen-Denominated Green Bonds

Public infrastructure finance company REC Limited has issued its inaugural yen-denominated green bonds of ¥61.1 billion (~$420.9 million) to finance renewable energy...

January 15, 2024

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Mercom Staff

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Finance and M&A

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Other
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Mercom’s Most Impactful Interviews in 2023: Here’s What Clean Energy Experts Said

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector and government agencies, bringing out their insights on the...

December 30, 2023

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Satish Shetty

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Other

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Renewable Energy
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REC Signs $215 Million Loan Agreement with KfW to Reform Indian DISCOMs

Public infrastructure finance company REC Limited has signed a €200 million (~$215 million) loan agreement with German bank KfW. The loan will be used to undertake...

December 11, 2023

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Staff

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Grid

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Market & Policy
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Daily News Wrap-Up: India Adds 1.3 GW of Rooftop Solar Capacity in 9M 2023

India installed over 1.3 GW of rooftop solar capacity in the first nine months of the calendar year 2023, an increase of 12% year-over-year (YoY), according to Mercom...

December 1, 2023

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Mercom Staff

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Daily Wrap-up

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