pfc

thumbnail
Daily News Wrap-Up: Top Rooftop Solar Installers in 2023

Tata Power Solar, Amplus Solar, Roofsol Energy, Havells India, and Mahindra Solarize were the top rooftop solar companies in India during the calendar year (CY) 2023,...

May 16, 2024

/

Mercom Staff

/

Daily Wrap-up
thumbnail
PFC Posts ₹75 Billion Net Profit in Q4 FY 2024, Loan Assets Rise 16% YoY

Government-owned Power Finance Corporation (PFC) recorded a total income of ₹241.76 billion (~$2.89 billion) for the fourth quarter (Q4) of the financial year (FY) of...

May 15, 2024

/

Arjun Joshi

/

Finance and M&A

,

Other
thumbnail
Daily News Wrap-Up: India’s Solar Generation Up 10% YoY in 2023

India generated around 104.83 billion units (BU) of solar power in the calendar year 2023, a 10.17% increase from 95.15 BU generated in 2022, according to the recent...

February 13, 2024

/

Mercom Staff

/

Daily Wrap-up
thumbnail
PFC Posts ₹63 Billion Net Profit in Q3 FY2024, Loan Assets Rise 18.5% YoY

Government-owned Power Finance Corporation (PFC) recorded a net profit of ₹62.94 billion (~$758 million) during the third quarter (Q3) of the financial year (FY) of 2024,...

February 12, 2024

/

Gautamee Hazarika

/

Markets & Policy

,

Renewable Energy
thumbnail
Mercom’s Most Impactful Interviews in 2023: Here’s What Clean Energy Experts Said

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector and government agencies, bringing out their insights on the...

December 30, 2023

/

Satish Shetty

/

Other

,

Renewable Energy
thumbnail
Daily News Wrap-Up: PFC Approves RDSS Projects Worth ₹1.17 Trillion for DISCOMs

Government-owned Power Finance Corporation (PFC) has approved projects worth over ₹1.17 trillion (~$14.04 billion) for various state distribution companies under the...

November 23, 2023

/

Mercom Staff

/

Daily Wrap-up
thumbnail
PFC Approves ₹1.17 Trillion Worth Projects for DISCOMs Under RDSS Program

Government-owned Power Finance Corporation (PFC) has approved projects worth over ₹1.17 trillion (~$14.04 billion) for various state distribution companies (DISCOM)...

November 22, 2023

/

Staff

/

Markets & Policy

,

Renewable Energy
thumbnail
Daily News Wrap-Up: Solar Accounts for 16% of Total Installed Power Capacity in Q3

Solar power accounted for 16.44% of the total installed power capacity and 39.4% of the total installed renewable capacity in Q3 of 2023, marginally up from 15.9% and 38....

November 13, 2023

/

Mercom Staff

/

Daily Wrap-up
thumbnail
PFC Registers ₹66 Billion Net Profit in Q2 FY24, Up 27% YoY

Government-owned Power Finance Corporation (PFC) has recorded a net profit of ₹66.28 billion (~$795.5 million) during the second quarter (Q2) of the financial year (FY)...

November 10, 2023

/

Gautamee Hazarika

/

Markets & Policy

,

Renewable Energy
thumbnail
PFC Logs Net Profit of ₹60 Billion in Q1 FY 2023, Up 30% YoY

Power Finance Corporation (PFC) has recorded a net profit of ₹59.82 billion (~$720.9 million) for the first quarter (Q1) of the financial year (FY) 2024, a...

August 22, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Daily News Wrap-Up: PFC’s Tender to Evacuate 1.5 GW of Renewable Power

PFC Consulting invited bids to develop an interstate transmission system to evacuate 1,500 MW of power from renewable energy projects in Maharashtra’s Solapur special...

July 3, 2023

/

Mercom Staff

/

Daily Wrap-up
thumbnail
Strict Financing Rules & Penalties for Non-Payment Help Improve DISCOMs’ Performance

Stricter regulations around financing, severe penalties for non-payment of dues, mandatory energy accounting, and auditing are the driving factors behind the...

May 11, 2023

/

Satish Shetty

/

AT&C

,

Grid

,

Market & Policy
thumbnail
India Could Attract $500 Billion Funding for 450 GW Renewables Goal by 2030

India could attract massive investments to fund the ambitious renewable capacity addition currently underway to meet the 450 GW capacity target by 2030. It allows...

May 2, 2023

/

Satish Shetty

/

Finance and M&A

,

Other

,

Renewable Energy
thumbnail
Daily News-Wrap Up: PFC Loans ₹6.33 Billion for EV Deployment

Power Finance Corporation has approved a loan of ₹6.33 billion (~$77 million) to Gensol Engineering for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000...

April 24, 2023

/

Mercom Staff

/

Daily Wrap-up
thumbnail
Vibrant Secures ₹22 Billion from PFC for 300 MW Wind-Solar Hybrid Projects

Renewable energy solutions provider Vibrant Energy has secured project financing of more than ₹22 billion (~$268.7 million) from Power Finance Corporation (PFC) to...

April 6, 2023

/

Arjun Joshi

/

Finance and M&A

,

Solar

1

2

3

...

5