rec-limited

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Daily News Wrap-Up: GUVNL’s 500 MW Wind-Solar Hybrid Auction

KPI Green Energy and Juniper Green Energy were declared the winners of Gujarat Urja Vikas Nigam’s auction to procure power from 500 MW grid-connected wind-solar hybrid...

January 24, 2024

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Mercom Staff

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Daily Wrap-up
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REC Limited Records Highest-Ever 9M Profit of ₹100 Billion in FY24

Public infrastructure finance company REC Limited recorded a revenue of ₹120 billion (~$1.44 billion) for the third quarter (Q3) of the financial year (FY) 2023-24, a 23....

January 23, 2024

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Satish Shetty

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Finance and M&A

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Renewable Energy
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REC Limited to Lead National Rooftop Solar Program

Public infrastructure finance company REC Limited has been designated as the overall implementing agency for the Grid-Connected Rooftop Solar Program, which aims to...

January 19, 2024

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Satish Shetty

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Markets & Policy

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Rooftop

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Solar
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Project Finance Brief: Mytilineos Secures Financing for 588 MW Solar Portfolio

From: Mercom Capital Group Mytilineos, a Greek industrial conglomerate, has reached the financial close for its 588 MW non-recourse solar park portfolio in Chile. The...

January 17, 2024

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: BESS Developer NineDot Raises $225 Million

From: Mercom Capital Group NineDot Energy, a developer of community-scale battery energy storage systems (BESS), has secured a $225 million equity capital commitment...

January 17, 2024

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Staff

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Finance and M&A

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Other
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REC Raises $420.9 Million Via Yen-Denominated Green Bonds

Public infrastructure finance company REC Limited has issued its inaugural yen-denominated green bonds of ¥61.1 billion (~$420.9 million) to finance renewable energy...

January 15, 2024

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Mercom Staff

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Finance and M&A

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Other
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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

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Satish Shetty

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Other

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Renewable Energy
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REC Signs $215 Million Loan Agreement with KfW to Reform Indian DISCOMs

Public infrastructure finance company REC Limited has signed a €200 million (~$215 million) loan agreement with German bank KfW. The loan will be used to undertake...

December 11, 2023

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Staff

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Grid

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Market & Policy
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Daily News Wrap-Up: India Adds 1.3 GW of Rooftop Solar Capacity in 9M 2023

India installed over 1.3 GW of rooftop solar capacity in the first nine months of the calendar year 2023, an increase of 12% year-over-year (YoY), according to Mercom...

December 1, 2023

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Mercom Staff

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Daily Wrap-up
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REC to Increase Renewable Energy Loan Portfolio from 6% to 30% by FY30: Interview

In an exclusive interview with Mercom India, V K Singh, Director (Projects) at REC Limited, discusses the role the government-owned infrastructure finance company aims...

November 30, 2023

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Satish Shetty

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Renewable Energy
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REC Approves ₹60.7 Billion to Greenko for 1.4 GW Pumped Storage Project

Public infrastructure finance company REC Limited has approved a funding of ₹60.75 billion (~$730.8 million) to Greenko to develop a 1,440 MW standalone pumped storage...

September 18, 2023

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Arjun Joshi

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Other

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Renewable Energy
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REC Raises $1.25 Billion to Finance Power Infrastructure & Logistics Projects

REC Limited, a public infrastructure finance company, has raised $1.25 billion in August and September 2023 from a consortium of six banks and through a Foreign Currency...

September 6, 2023

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Satish Shetty

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Finance and M&A

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Other
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REC Issues Tender for 100 MW ISTS-Connected Wind Projects

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC Limited, has issued a request for selection (RfS) of wind project developers for...

July 31, 2023

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Satish Shetty

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Other

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Tenders and Auctions
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Daily News Wrap-Up: Avaada, NTPC, Adani Green Top Utility-Scale Solar Developers

Avaada Energy, NTPC Renewable Energy, Adani Green Energy, Tata Power Renewables, and Azure Power emerged as the top utility-scale solar project developers in the...

May 19, 2023

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Union Budget 2023 Focuses on Green Energy Transition

The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven...

February 2, 2023

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Mercom Staff

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Daily Wrap-up

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