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solar project finance

COVER STORY: Rooftop Solar Enters Mission Mode In India

The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […]

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REC Ltd, NIIFL collaborate on funding solutions for renewable energy, other infra projects

REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for “Renewable Energy Projects” as well as large-scale infrastructure projects in India. REC Ltd is a Maharatna CPSE and also a leading NBFC that comes under the ambit of […]

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SJVNL, Solar World Energy Sign Contract For 360 MW Solar Project

Satluj Jal Vidyut Nigam, (SJVN) Limited recently announced the signing of a contract agreement for the Balance of System (BoS) of a 360 MW Solar Project with Solar World Energy Solutions.  This announcement was made by Nand Lal Sharma, Chief Managing Director (CMD) of SJVN Limited on social media platform X. In the announcement he […]

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Hero Future Energies Inks Pact With PIXON Green For Solar Module Supply

Hero Future Energies has announced the signing of an agreement with PIXON Green Energy, a domestic module manufacturer, for the supply of solar PV modules. Under the agreement, PIXON Green Energy will provide Hero Future Energies with high-efficiency modules for up to 500 MW annually on a prioritized basis for two years from their automated […]

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SAEL Secures $1 Billion For Solar, Other Renewables

SAEL Industries, an Indian renewable energy firm, has successfully secured $1 billion in funding from various financial institutions, including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech. The funds will be utilized to support SAEL’s renewable energy portfolio, with a focus on expanding its solar and biomass projects. The company, which specializes in solar […]

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SJVN Looks To Invest Rs 1300 Cr On Floating Solar In Goa

Government owned SJVN Green Energy Ltd (SGEL) has submitted a proposal to the state government of Goa under which it seeks to invest more than Rs 1,300 crore for the establishment of four floating solar projects in the western coastal state. The proposal holds that the total power generation capacity of the four floating solar […]

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NTPC Issues Tender For 1200 MW Solar Project At Khavda, Gujarat

The National Thermal Power Corporation (NTPC) today issued a tender, seeking bids for the supply of 1200 MW of solar power for the Khadva Solar Project in Kutch in Gujarat.  The tender said, “Project has the DC Capacity (MWDC) – 1515 MWp (378.75 MWp * 4 Blocks). It contains Bi-facial module with minimum Wattage of […]

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AIIB Invests In Eight Solar Projects Of 1.54 GW With Mahindra Susten

The Asian Infrastructure Investment Bank (AIIB) a multilateral development bank has invested Rs 4.86 billion (around USD $58.4 million equivalent) in renewable energy Infrastructure Investment Trust (InvIT). InvIT (Sustainable Energy Infra Trust or SEIT), has eight operating solar power generation assets of 1.54 gigawatt (GW)-peak total capacity located in India. SEIT is co-sponsored by Mahindra […]

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IREDA Signs MoU with IOB For Co-lending For Renewable Energy Projects

Indian Renewable Energy Development Agency Ltd. (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) pertaining to co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country. The MoU includes provisions for co-lending […]

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