REC Limited has been appointed as the central agency for the Pradhan Mantri Suryodaya Yojana (PMSY) initiative aimed at deploying rooftop solar systems in the residential sector. The initiative, announced by the Indian Prime Minister […]
The largest renewable energy infrastructure investment trust (InvIT), Sustainable Energy Infra Trust (SEIT), in India has received an investment of Rs 4.86 billion from the Asian Infrastructure Investment Bank (AIIB). The InvIT possesses eight operational […]
Indian Renewable Energy Development Agency (IREDA) and Indian Overseas Bank have signed MoU to collaborate on co-lending and loan syndication for a wide range of renewable energy projects throughout the country. The MoU covers a […]
REC Limited declared a successful fundraising of approximately Rs 35 billion through the green bonds’ issuance. Under its global medium-term notes programme of $10 billion, the company issued its first set of green bonds totaling […]
ReNew has declared the refinancing of non-convertible debentures (NCDs) valued at Rs 23,910 million, which were originally issued by its subsidiaries in October 2020. India Green Energy Holdings, a special purpose vehicle based in Mauritius, […]
EVIFY, a startup in the electric vehicle (EV) logistics sector based in Gujarat, has secured $1.3 million in a pre-series A funding round. The funds will be utilised to support the company’s operational expansion within […]
For an enterprise value of Rs 15.5 billion, IndiGrid and ReNew Solar Power Private Limited (RSPPL) have inked a share purchase agreement for the acquisition of ReNew Solar Urja Private Limited (RSUPL). The overall valuation, […]
Torrent Power Limited (TPL) plans a comprehensive investment of Rs 473.5 billion encompassing renewable energy, green hydrogen, and power distribution and has announced the same against the backdrop of he 10th edition of Vibrant Gujarat […]
For its round-the-clock (RTC) renewable energy project in India, Serentica Renewables has successfully secured its first foreign currency loan of Rs 35 billion from commercial and international banks. In a historic first for the Indian […]
SJVN Limited announced that it has successfully obtained a construction finance facility of Rs 100 billion from a consortium of prominent domestic and international lenders to support its upcoming renewable power projects. SJVN Green Energy […]
Adani Green Energy Limited (AGEL) is set to raise 93.5 billion by issuing warrants to its promoters, including Ardour Investment Holding and Adani Properties, at a rate of Rs 1,480.75 per share through preferential allotment. […]
KPI Green Energy Limited announced that it has raised Rs 3 billion through qualified institutional placement (QIP) route. With a floor price of Rs 1,245 and an issue price of 1,183 per equity share, the […]
Finayo, a Gurugram-based company specialising in financing and asset management for electric vehicles (EVs), has successfully raised a funding amount of Rs 160 million. The funding comes from F Mec International Financial Services, Choice Finserv […]
Sterling and Wilson Renewable Energy Limited (SWREL) announced that it has raised Rs 15 billion through qualified institutions placement (QIP) route. On December 14, 2023, the Securities Issuance Committee of the board of directors approved the […]
BluPine Energy has achieved financial closure for its 120 MW solar project. Located in Gujarat, the project was secured through Gujarat Urja Vikas Nigam Limited (GUVNL) 16 tender. The project’s green loan funding of Rs […]
In accordance with the government’s Revamped Distribution Sector Scheme (RDSS), REC Limited and KfW have inked a $215 million financing agreement to improve the distribution infrastructure of distribution companies (discoms). This signifies REC’s sixth credit […]
IndiGrid has secured Rs 6.7 billion through a SEBI-compliant institutional placement (IP) process. Initiated on December 5, 2023, the IP process witnessed significant interest from both established and new institutional investors in India and around […]
The Indian Renewable Energy Development Agency (IREDA) has introduced its retail segment, with the goal of increasing the focus on lending to consumers in Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme, rooftop […]
Alpex Solar Limited has revealed the submission of its draft red herring prospectus (DRHP) with NSE emerge. The offering includes a new issuance of 64,80,000 equity shares, each with a face value of Rs 10 […]
The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and reliability of the power supply in Uttarakhand, India. This project will assist Uttarakhand in realising its objective of […]
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