Daily News Wrap-Up: SBI Partners with Tata Power to Finance Solar Projects
Here are some noteworthy cleantech announcements of the day from around the world: State Bank of India (SBI) launched a dedicated centralized processing cell - ‘Surya Shakti Cell,' in partnership ...
Daily News Wrap-Up: India, Denmark to Initiate Joint R&D on Green Hydrogen
Here are some noteworthy cleantech announcements of the day from around the world: India and Denmark agreed to initiate joint research and development on green fuels, including green hydrogen, during ...
Haryana Sets Levelized Tariff of ₹2.58/kWh for a 20 MW Solar Project
The Haryana Electricity Regulatory Commission (HERC) has set a tariff of ₹2.58 (~$0.035)/kWh for 20 MW of LR Energy's solar project. The tariff was determined after examining the capital cost component ...
SBI Has Provided ₹319.18 Billion in Renewable Energy Project Finance as of FY 2021
The State Bank of India (SBI), one of India’s largest public sector banks, declared results for the financial year (FY) 2020-2021, which claimed that the bank had approved over ₹319.18 ...
EIB and SBI Launch €100 Million Climate Action and Sustainability Financing
In a significant development, the European Investment Bank (EIB) and the State Bank of India (SBI) have launched a new initiative of €100 million (~$121.63 million) for climate action and ...
Solar Developers Desperately Need Access to Project Financing, Cheaper Funds
What lies ahead for the renewable energy sector in India? Will investments dry up, or will 2021 bring out the best for the sector? A discussion on these vital issues ...
SBI’s New EV Car Loan Comes with Reduced Interest Rate, Relaxed Repayment Period
In March 2018, the Government of India launched the National E-Mobility Program to achieve 100% e-mobility by 2030. On World Earth Day 2019, SBI announced the launch of India’s first ‘Green ...
SBI Invites Expression of Interest for 3-5 MW of Solar Projects at its Telangana Premises
In line with its ambitious target of achieving 100 percent carbon neutrality by 2030, the State Bank of India (SBI), India’s largest commercial bank, has invited Expression of Interest (EoI) ...
EIB, SBI and YES Bank to Cooperate for Wind Energy Financing in India
The European Investment Bank (EIB) has confirmed it is going to increase its support to investment in onshore wind through the expansion of an existing lending program with the State Bank ...
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 ...
SunSource Raises Funds For Development of Solar Projects in Low-Income States
SunSource Energy Private Limited, an Engineering Procurement and Construction (EPC) services provider, has announced that it has raised capital from Neev Fund for the development of solar projects across various ...
Development Banks Loaned $1.4 Billion to Indian Solar Rooftops in 2017
Various development banks made substantial concessional loans to assist the Indian government in its plans to expand solar rooftop installations in 2017. According to a new report by the Ministry ...
SBI and World Bank Extend $357 Million Credit to 7 Indian Companies for Solar Rooftops
The State Bank of India (SBI) and the World Bank have announced ₹23.2 billion ($357 million) in credit facilities for seven Indian solar companies that will be used to develop ...
EIB to Provide €800 Million in Funding to Indian Renewable Energy Sector
The European Investment Bank (EIB) will be providing €800 million (~₹61.3 billion) in funding for renewable energy investment across India. This includes renewable energy financing in partnership with the Indian ...
Azure Power Secures $10.5 Million from State Bank of India for Rooftop Solar
The State Bank of India (SBI), has issued a loan Rs.68.3 million (~$10.5 million) to Azure Power, an Indian solar power producer. The loan has been provided under the State ...
State Bank of India to Finance 100 MW of Grid-Connected Rooftop Solar Projects
The State Bank of India (SBI) announced it will provide Rs.4 billion (~$62.2 million) to private developers finance 100 MW of grid-connected rooftop solar projects in India. The financing is ...
India SME Technology Services Tenders 3.55 MW of Rooftop Solar
India SME Technology Services, a joint venture between the Small Industries Development Bank of India (SIDBI) and four public sector banks including State Bank of India (SBI), Indian Overseas Bank ...
European Investment Bank to Provide EUR 200 Million (~$213 Million) Loan to State Bank of India for Large-Scale Solar
The European Investment Bank (EIB) approved a EUR 200 million (~Rs.13.8 billion), 20-year loan to State Bank of India (SBI) which will be utilized to help develop large scale solar ...
Will India join the ‘Gigawatt Club’ this year?
Indian Solar Market Update – 1st Quarter 2012 By: Raj Prabhu, Managing Partner, Mercom Capital Group After over two years of policy deliberations and growing pains, India is finally seeing ...