loan

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PFC’s Profit Rises 20% YoY to ₹71.82 Billion in Q1 FY 2025

Government-owned Power Finance Corporation (PFC) has reported a 20% increase in consolidated Profit After Tax (PAT), rising from ₹59.82 billion (~$712.6 million) in the...

August 7, 2024

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Gautamee Hazarika

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Finance and M&A

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Other
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IREDA Loan Approvals and Disbursements Reach Record High in FY 2024

Government-owned lender Indian Renewable Energy Development Agency (IREDA) approved loans amounting to ₹373.54 billion (~$4.48 billion) and disbursed ₹250.89 billion...

April 2, 2024

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Satish Shetty

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Other

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Renewable Energy
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NTPC REL, NHPC Secure $231 Million Loan from JBIC For Renewable Projects

The Japan Bank for International Cooperation (JBIC) has entered into strategic loan agreements with NTPC Renewable Energy and NHPC to help develop renewable energy...

March 29, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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IREDA Board Approves ₹242 Billion Borrowing Program for FY 2024-25

The government-owned lender Indian Renewable Energy Development Agency’s (IREDA) Board, in its recent deliberation, has approved a borrowing program totaling up to ₹242...

March 29, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: MNRE Hikes CFA for Residential Rooftop Solar Projects

The Ministry of New and Renewable Energy has increased the benchmark Central Financial Assistance (CFA) for grid-connected rooftop solar power systems under Phase II of...

January 9, 2024

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Mercom Staff

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Daily Wrap-up
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SBI Signs $165 Million Loan with World Bank to Fund Rooftop Solar Projects

The State Bank of India (SBI) has signed a $165 million line of credit from the World Bank to finance grid-connected rooftop solar projects in the residential and...

December 26, 2023

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Staff

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Markets & Policy

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Rooftop

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Solar
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ADB Approves $250 Million Loan for India’s Power Sector Reform

The Asian Development Bank (ADB) has approved a $250 million (~₹20.8 billion) policy-based loan to strengthen India’s power sector, supporting a speedy transition...

December 4, 2023

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Staff

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Other

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Renewable Energy
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World Bank Loans $200 Million to Himachal Pradesh to Add 10 GW of Renewables

The World Bank‘s Board of Executive Directors approved a loan of $200 million to the Government of Himachal Pradesh to help the Indian state achieve its target of adding...

June 29, 2023

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Gourav Mishra

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Finance and M&A

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Renewable Energy
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ADB Launches New Financing Program to Accelerate Climate Action in APAC

The Asian Development Bank (ADB) has announced a new financing program for the Asia Pacific (APAC), which will significantly help the region accelerate actions required...

May 3, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Reduced NPAs Help IREDA Post 12% YoY Jump in Q4 Profit at $31 Million

Government-owned lender Indian Renewable Energy Development Agency (IREDA) posted a profit of ₹2.54 billion (~$31 million) for the fourth quarter (Q4) of the financial...

April 26, 2023

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Gautamee Hazarika

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Finance and M&A

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Other

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Renewable Energy
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PFC Loans ₹6.33 Billion to Gensol to Expand EV Deployment

Power Finance Corporation (PFC) has approved a loan of ₹6.33 billion (~$77 million) to Gensol Engineering for the purchase of 5,000 passenger electric vehicles (EVs) and...

April 21, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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Collateral-free Loan, with Low Down Payment Key to Rooftop Solar Adoption

The upfront investment can more often dissuade potential customers from adopting rooftop solar. However, the hesitation can be overcome with a collateral-free loan with...

April 21, 2023

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Gourav Mishra

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C&I

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Rooftop

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Solar
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IFC Loans $110 Million to Fertilizer Producer for Solar Projects in Morocco

International Finance Corporation (IFC) has signed an agreement with phosphate-based fertilizer producer OCP for a €100 million (~$110.5 million) green loan to build...

April 14, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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SIDBI Launches Lending Program to Make Electric Vehicles More Affordable

Government-owned lender Small Industries Development Bank of India (SIDBI) has launched a pilot program — Mission 50K-EV4ECO — to bring down the cost of...

April 13, 2023

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Sumit Jha

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Uncategorized
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Renewable Lender IREDA Approved 37% More Loans in FY 2022-23

The Indian Renewable Energy Development Agency (IREDA) has approved ₹327.6 billion (~$4 billion) worth of loans as on March 27, up 37% year-over-year (YoY), which...

March 29, 2023

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Gourav Mishra

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Other

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Renewable Energy

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