Indian Railway Finance Corporation Issues USD 500 million Green Bond Updated On Thu, Dec 7th, 2017 by Saurenergy Pricing Of USD 500 Million 3.835% Fixed Rate Senior Unsecured Dollar Green Bond of 10 Year Tenor by Indian Railway Finance Corporation Limited. Indian Railway Finance Corporation Limited (“IRFC”) announced that it has successfully raised USD 500 million 10-year green bond from investors in Asia, Europe and Middle East, and offshore US. Proceeds of the […] Read more
Modi Govt to Step Beyond Renewable Goal With China-Scale Tenders Updated On Sat, Nov 25th, 2017 by Saurenergy With renewable energy targets second only to those set by the government of China, India has a long way to go from a current base of 60 gigawatts to reach its ambition of 175 gigawatts in five years. In a bid to fulfill Prime Minister Narendra Modi’s climate pledges, India announced that it will tender […] Read more
Government announces Trajectory to achieve its targets of commissioning 100 GW of Solar generating capacity and 60 GW of Wind power by 2022 Updated On Fri, Nov 24th, 2017 by Saurenergy Government to conduct Third Wind Power Auction of 2000 MW Capacity Power Supply Agreements signed by SECI with utilities of UP, Bihar, Jharkhand, Assam, Punjab, Goa and Odisha The Government today announced the trajectory for achieving its targets of commissioning 175 GW of Renewable Energy (RE), 100 GW of solar generating capacity and 60 GW […] Read more
PERSPECTIVE Updated On Mon, Oct 23rd, 2017 by Saurenergy The government of India has set an ambitious target of 175 GW of renewable power installed capacity by the end of 2022, of which 58 GW has been installed so far. The Indian solar market added 1,869 MW in the second quarter of 2017, bringing installations in the first half of the year to 4,765 […] Read more
Greenko to Raise $1 Billion Through Asia’s Largest Green Bond Updated On Tue, Jul 11th, 2017 by Saurenergy India’s leading clean energy company, Greenko will raise one of the largest greenbond sale to date by a company in Asia, up to $1.1billion via an offshore dollar issue. Less than a year after its last offering, India’s leading clean energy company, Greenko, is raising up to $1.1billion via an offshore dollar issue — the […] Read more
Renewable Energy Will Be Reaching 49 percent in India by 2040: BNEF Updated On Mon, Jun 19th, 2017 by Saurenergy “Wind and solar energy account for 48 percent of installed capacity and 34 percent of electricity generation world-wide by 2040. This is compared with just 12 percent and 5 percent today. Installed solar capacity increases 14-fold and wind capacity fourfold by 2040. We anticipate renewable energy reaching 74 percent penetration in Germany, 38 percent in […] Read more
ADB Issues Green Rupee-Linked Bond to Support Renewable Energy in India Updated On Thu, May 18th, 2017 by Saurenergy ADB’s green rupee-linked bond to support renewable energy in India carries a 6.00% interest rate with a 3.75-year maturity, falling due in February 2021. The bonds, which are denominated in Indian rupees but settled in US dollars, were underwritten by JP Morgan and TD Securities as Joint Lead Managers The Asian Development Bank (ADB) has […] Read more
NTPC Masala Bonds Now Available for Trading on the London Stock Exchange Updated On Tue, May 16th, 2017 by Saurenergy NTPC is one of the first companies to list their recent Masala Bond on London Stock Exchange’s innovative new debt market and is available for trading. This will provide opportunity to access quality investors for meeting the financing needs. India’s state-run NTPC is among the first bonds to list on a new International Securities Market […] Read more
Ripple effect of India’s energy shift visible globally Updated On Fri, May 12th, 2017 by Saurenergy The Indian government’s striking policy shift towards renewable energy sources — away from more expensive and polluting fossil fuels — is a strong global endorsement of the country’s leadership,” Tim Buckley, Director at the Cleaveland-based Institute for Energy Economics and Financial Analysis (IEEFA) said India’s solar tariffs have fallen 40 per cent in just 16 […] Read more
