ireda

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Daily News Wrap-Up: Large-Scale Solar Project Costs Down 8% YoY in Q4 2024

In the fourth quarter (Q4) of calendar year 2024, the average cost of large-scale solar power projects in India fell over 8% year-over-year (YoY), according to Mercom’s...

March 21, 2025

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Mercom Staff

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Daily Wrap-up
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IREDA Issues Perpetual Bonds to Raise ₹12.47 Billion

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has issued its first-ever perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual...

March 20, 2025

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Tina Freese

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Other

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Renewable Energy
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Month in a Minute: Top Headlines from the Indian Renewable Sector in January 2025

Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year decline from $34.4 billion, according to Mercom’s Annual and Q4 2024...

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IREDA To Raise ₹50 Billion Through QIP For Green Energy Growth

The Indian Renewable Energy Development Agency (IREDA), a public sector company under the Ministry of New and Renewable Energy (MNRE), has announced plans to raise ₹50...

January 23, 2025

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Staff

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Finance and M&A

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Renewable Energy
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Daily News Wrap: Leading States in Solar-Powered Agriculture Under KUSUM Program

Maharashtra and Rajasthan are frontrunners in adopting the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program Component C, demonstrating...

January 13, 2025

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Mercom Staff

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Daily Wrap-up
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IREDA’s Q3 Profits Record a 27% YoY Increase

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹4.25 billion (~$49.52 million) during the third quarter...

January 10, 2025

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Tina Freese

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Other

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Renewable Energy
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GMR Secures ₹21 Billion Loan from IREDA for Smart Meter Installation Project

GMR Smart Electricity Distribution (GSEDPL), a subsidiary of GMR Power and Urban Infra (GPUIL), has secured approval for a loan of ₹21.28 billion (~$247.66 million) from...

January 9, 2025

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Staff

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Markets & Policy

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Renewable Energy
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IREDA’s Loan Approvals for Renewables Grows 129% YoY

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported an increase in loan approvals and disbursements for the year ending December 31,...

January 2, 2025

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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IREDA Reports Strong Q2 FY 2024-25 Performance, Cuts NPAs to 1%

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹3.88 billion (~$46.7 million) during the second quarter...

October 14, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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IREDA Invites Bids to Raise $113 Million to Fund Renewable Energy Projects

The Indian Renewable Energy Development Agency (IREDA) has invited bids from banks and financial institutions to raise term loans amounting to ¥16 billion(~ $113.3...

September 18, 2024

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Staff

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: SJVN Invites Bids for 1.2 MW Wind-Solar Hybrid Projects

SJVN has invited bids to select developers to set up 1,200 MW of Interstate Transmission System (ISTS)-connected wind-solar hybrid power projects in India. The last date...

July 16, 2024

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Mercom Staff

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Daily Wrap-up
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IREDA’s Profit Surges 30% YoY in Q1 FY 2025 as Loan Book Expands

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 30% year-over-year (YoY) increase in profit after tax for the first quarter...

July 15, 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: NVVN Invites Bids for 12.82 MW Solar Projects

NTPC Vidyut Vyapar Nigam, an NTPC subsidiary, has invited bids to develop ground-mounted and rooftop solar photovoltaic projects with a total capacity of 12.82 MW across...

July 2, 2024

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Mercom Staff

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Daily Wrap-up
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IREDA’s Q1 Loan Sanctions Jump 383% in Boost to Renewables

Government-owned lender Indian Renewable Energy Development Agency (IREDA) approved loans amounting to ₹91.36 billion (~$1.09 billion) in the first quarter of financial...

July 1, 2024

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Arshreet Singh

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Renewable Energy
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IREDA Raises ₹15 Billion via Bonds, Issue Oversubscribed 2.65 Times

The Indian Renewable Energy Development Agency (IREDA) has raised ₹15 billion (~$179.5 million) through bonds, reflecting strong investor confidence in India’s...

June 24, 2024

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Gautamee Hazarika

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Other

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Renewable Energy

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