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Credit Fair Secures $5 Mn From Symbiotics Investments For Solar Financing

Credit Fair, a non-banking financial company (NBFC) with its presence in the solar and MSME segments, has raised $5 million in debt from the $75-million Green Basket Bond issued by Symbiotics Investments. The bond, which is the second of its kind, was issued by Symbiotics Investments and subscribed to by British International Investment (BII), the […]

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Q3FY25: 10 Major Takeaways From SJVN Investors Call

SJVN Limited, an Indian Public Sector Enterprise, which was earlier confined to hydroelectric power has now diversified its energy portfolio. The company is now foraying into several new renewable energy projects ranging from floating solar, vanilla solar and other projects. In its latest investors call, the company talked about its performance, challenges and current pace […]

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Maharashtra Discom Stumps Consumers Again With Anti-Solar Move In Tariff Proposal

One of the reasons Maharashtra has been a relative underperformer in Solar has been the approach taken by key discoms in the state, notable the MSEDCL or Maharashtra State Electricity Distribution Company Limited towards   the clean source of energy. From earlier efforts to limit net metering, to favouring gross metering, the MSEDCL has usually made […]

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MNRE Proposes Separate ALMM For Off-Grid Solar Solutions

The Ministry of New and Renewable Energy (MNRE) has proposed a new Approved List of Models and Manufacturers (ALMM) specifically for off-grid solar solutions. As part of this initiative, the ministry plans to lower the threshold efficiency limits for solar modules under ALMM for these applications. It has invited stakeholders to submit their suggestions by […]

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Premier Energies Secures Rs. 1,234 Cr Solar Module Supply Orders

Leading Hyderabad-based solar manufacturer, Premier Energies has received two orders from its existing customers totaling Rs.1234 Crores. The company shared this update in a regulatory filing stating, “The supply of solar modules is scheduled to commence in April 2025.” The Indian solar module and solar cell manufacturer in its latest financial results for the third […]

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Prostarm Info Gets In-Principle Approval From SEBI To Launch IPO

Navi-Mumbai-based pan-Indian power solution products company, Prostarm Info Systems has received in-principle approval from market regulator, Securities Exchange Board of India (SEBI) to launch its initial public offering (IPO). The issue comprises a fresh issue of up to 1,60,00,000 Equity Shares of face value ₹10 each and will be listed on BSE and NSE. Choice […]

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Kerala Plans To Take Up Study To Solarise Public Buildings

The Kerala government has planned to solarise a large number of government buildings. It said that it has plans to solarise public buildings ranging from anganwdi centers to industrial units in the state. This comes at a time when the southern state has planned to become carbon neutral by 2050. The government said that it […]

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45% Of Households Benefit From CFA Under PM Surya Ghar: MNRE

The Union Minister of  New and Renewable Energy (MNRE) has shared details of the households that benefitted through the installation of rooftop solar plants. When asked about the number of rooftop solar installations done under the PM Surya Ghar Muft Bijli Yojana (PMSGMBY) till now, the minister stated, “ Under the PM Surya Ghar: Muft […]

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Solarium Green IPO Launched- Company Seeks to Raise Rs 105 crore

Ahmedabad-based Solar EPC and O&M provider Solarium Green Energy has launched its IPO today. The IPO comprises a fresh issue of 54,99,600 Equity Shares of ₹ 10 each at a price band of Rs 181-191. Thus, at the upper end of the price band, the company is looking to raise Rs 105.04 crore.  The shares will […]

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