Tata Motors and Mahindra & Mahindra to Roll out EVs in Maharashtra

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 ...
Industry Sees Many Challenges With BIS Certification Guidelines for Solar Modules

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) ...
/ / Markets & Policy, Solar
Karnataka Proposes Reduction in BESCOM’S RPO Target from 13% to 12%

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 ...
/ / Other, Wind
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
SunSource Raises Funds For Development of Solar Projects in Low-Income States

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 ...
/ / Finance and M&A, Solar
Development Banks Loaned to Indian Solar Rooftops in 2017

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 ...
/ / Rooftop, Solar
SBI World Band Rooftop Solar India

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 ...
/ / Finance and M&A, Rooftop
EIB to Provide Funding to Indian Renewable Energy Sector

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 ...
/ / Finance and M&A, Solar
azure rooftop solar

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 ...
/ / Finance and M&A, Solar
Finance

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 ...
rooftop solar workers

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 ...
Loan

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 ...
/ / Finance and M&A, Solar
India Gigawatt Club

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 ...
/ / Solar