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renewable energy

IREDA Crosses Highest Annual Loan & Sanction Loan Disbursement for Renewable Energy Projects

Mini-ratna CPSE Indian Renewable Energy Development Agency Ltd (IREDA) has revealed that it has crossed the highest annual loan disbursement of Rs.16,071 crores (loan disbursement in FY 2021-22) in the history of the firm for the Financial Year 2022-23. IREDA shared that it exceeded the historical mark and touched loan disbursement of Rs. 16,320 crores. […]

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Network Planning Group under PM Gati Shakti Gives Nod to Infra Project on Renewable Energy

At its 45th session, the Network Planning Group (NPG) under PM Gati Shakti reviewed an infrastructure project on renewable energy.  The project is for the ISTS (Inter-State Transmission System) for renewable energy project in Ladakh, which is said to be an important one. In 2020, Prime Minister Narendra Modi had revealed about the establishment of […]

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ACWA Power to Build $7.5 bn Worth Renewable Energy Projects & BESS in Uzbekistan

Saudi renewables developer ACWA Power has inked three PPAs and investment agreements with Joint-Stock Company (JSC) National Electric Grid of Uzbekistan (NEGU) and Ministry of Investment, Industry and Trade of Uzbekistan. Under the agreements, ACWA Power will develop three solar PV projects in Tashkent and Samarkand. It will also build three Battery Energy Storage Systems […]

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Goa CM Mulls Over Renewable Energy Expansion to 80 MW to Solarize Panaji

The state of Goa requires producing 80 MW of renewable energy that may help the state government to make Panaji a solar city. This also needs to be substantiated with the efforts on the part of the people of Goa by installing more and more solar panels, believes Chief Minister of Goa, Pramod Sawant. Out […]

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SJVN & Indian Oil to Form JV for Renewable Energy Projects

CPSU SJVN and Indian Oil Corporation have inked an agreement to form a joint venture for renewable energy projects. This was revealed by SJVN Chairman & Managing Director Nand Lal Sharma while adding that both SJVN and IOCL will employ their core strength for project development. The new firm will look into the development of […]

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USA’s Renewable Energy Firm Leeward Secures $180 Million for 200 MW Solar Project

USA-based renewable energy firm Leeward Renewable Energy has announced the close of about $75 million in construction to term financing from MUFG Bank and about $105 million tax equity commitment from Wells Fargo for the Horizon Solar Facility located in Texas. Leeward said that Mitsubishi UFJ Financial Group (MUFG) served as the green loan structuring […]

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BMC Solicits Bids for Rs 90 cr Loan for Multiple Renewable Energy Projects

Bhopal Municipal Corporation has issued a tender to invite loans for the installation of 20 MW solar projects (Phase I), 21 MW solar projects (Phase II), 15 MW wind energy projects and 1 MW rooftop solar projects.  The bids are invited from nationalized banks, private banks, financial institutions and non-banking financial companies for long-tenure term […]

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Maharashtra Renewable Energy Grows By 9% Last Fiscal

The state economic survey of Maharashtra for the period of 2022-23, is out and it paints a bright picture as far as renewable energy is concerned in the state. The state economic survey held that there has been a reasonable jump in the renewable capacity of the state. In 2022-23 financial year, the installed renewable […]

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