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Month in a Minute: Top Headlines from Indian Renewable Sector in January 2024

Global corporate funding in the solar sector in 2023, including venture capital (VC) investments, public market funding, and debt financing, reached $34.3 billion, a 42%...

February 1, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: Open Access Solar Surge in Chhattisgarh

Chhattisgarh, which has traditionally relied on coal sources for its energy requirements, has recently seen a surge in solar capacity additions, accounting for about 5%...

January 17, 2024

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Mercom Staff

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Daily Wrap-up
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State Bank of India Raises $250 Million Through Green Bonds

State Bank of India (SBI) has issued $250 million senior, unsecured, green floating rate notes through private placement facilitated by its London branch, set to mature...

January 16, 2024

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Arjun Joshi

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Finance and M&A

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Other

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Renewable Energy
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SJVN Secures ₹100 Billion to Fund the Construction of Renewable Projects

In a first-of-its-kind transaction undertaken by a public sector undertaking, SJVN, a joint venture between the Government of India and the state of Himachal Pradesh,...

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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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Daily News Wrap-Up: Odisha Offer for Sale of 500 MW Solar Power

Grid Corporation of Odisha (GRIDCO) has invited bids from intra-state off-takers to buy 500 MW of solar power through a tariff-based competitive bidding process with a...

December 27, 2023

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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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Germany’s KfW Loans $218 Million for Solar Capacity Expansion in India

German development bank Kreditanstalt für Wiederaufbau (KfW) has granted a Є130 million (~$142 million) loan to the Indian Ministry of Finance and a Є70 million (~$ 76...

December 21, 2023

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Staff

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Finance and M&A

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Solar
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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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Daily News Wrap-Up: Maharashtra’s Tender for 100 MW Distributed Solar Projects

Mahatma Phule Renewable Energy and Infrastructure Technology has invited bids for installing and commissioning 100 MW of grid-connected distributed solar power projects...

August 31, 2023

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Mercom Staff

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Daily Wrap-up
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SBI Seeks Consultants to Measure Carbon Footprint in Bank’s Lending Portfolio

State Bank of India (SBI) has invited bids to select consultants to measure the carbon footprint in the bank’s lending portfolio and provide comprehensive solutions in...

August 30, 2023

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Gautamee Hazarika

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Other

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Renewable Energy

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Tenders and Auctions
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C&I Projects Yield Better Returns Than Utility-scale PPA Portfolios: SBI Interview

Lenders are more receptive to funding renewable transactions encouraging corporates striving towards a carbon-neutral environment and adding value to their brands,...

May 17, 2023

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Satish Shetty

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Finance and M&A

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Other
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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

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Satish Shetty

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AT&C

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Grid

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Market & Policy
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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

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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Daily News Wrap-Up: Transmission System Approved for 1.5 GW Solar Power in Karnataka

The Central Electricity Regulatory Commission (CERC) recently granted a transmission license to Gadag II-A Transmission to establish a transmission system for the solar...

March 1, 2023

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Mercom Staff

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Daily Wrap-up

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