REC Limited has announced its financial results for the financial year (FY) 2025-26. The company has reported an annual net profit of Rs 162.82 billion and a total dividend of Rs 18.55 per share for […]
NLC India Limited has entered into a loan agreement worth 100 million with KfW. The funding is intended to support the company’s renewable energy initiatives, particularly in solar generation and battery energy storage systems (BESS). […]
Revolve Renewable Power has signed the final interconnection agreement with Comisión Federal de Electricidad for its 130 MW EL24 Wind Project in Tamaulipas, Mexico. The project has also received its environmental permit from the Secretariat […]
Indian Renewable Energy Development Agency Limited (IREDA) has signed a facility agreement with Sumitomo Mitsui Banking Corporation to raise external commercial borrowing amounting to JPY 28 billion. The arrangement includes a greenshoe option of up […]
With India crossing 250 GW of installed renewable capacity in 2025 and meeting its non-fossil fuel capacity target well ahead of schedule, the sector is entering a new phase of growth, marked by larger project […]
Indian Renewable Energy Development Agency Limited (IREDA), a government-owned lender, has secured a loan facility from the State Bank of India (SBI) Tokyo amounting to approximately $172 million. This includes a greenshoe option of around […]
M&A continues to be a key trend within the renewable energy sector. Energy majors supported by deep-pocketed investors opt for both organic and inorganic routes to expand their portfolios. In return, sellers fetch good value […]
BluPine Energy has secured Rs 17.87 billion in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The funding will be utilised to optimise financial structuring and support the expansion of BluPine’s […]
Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.10 billion through the issuance of privately placed subordinated Tier-II bonds with a 10-year tenor. Raised at an annual coupon rate of 7.74 per cent, […]
Power Finance Corporation (PFC) has entered into a loan agreement worth Rs 65 billion (JPY 120 billion) with the Japan Bank for International Cooperation (JBIC). JBIC will provide Rs 40.04 billion (JPY 72 billion) of […]
olian has announced the closing of a $315 million renewable energy green loan and a $75 million revolving credit facility with Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC. […]
By Lavkesh Balchandani India has made remarkable strides in advancing renewable energy over the past decade, with installed renewable capacity (including large hydro) nearly doubling to 190 GW as of June 2024. The country has […]
The Indian Renewable Energy Development Agency Limited (IREDA) has signed a MoU with Punjab National Bank (PNB) to promote renewable energy initiatives throughout the country. The agreement facilitates collaborative endeavors in co-lending and loan syndication […]
With about 120 GW of renewable energy and 50 GW of hydropower installations, India is still far from achieving its target of 500 GW of fossil fuel-free power by 2030. At this rate, the country […]
Tata Power aims to invest more than Rs 750 billion in the renewable sector over the next five years. The company intends to increase the proportion of its green portfolio to 60 percent during the […]
Established in 1999 in Mumbai, Avendus Capital currently has a presence in 11 cities across four countries. The company provides financial services, focusing on creating customised solutions in the areas of asset management, credit solutions, […]
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