The Indian Renewable Energy Development Agency (IREDA) intends to sell bonds with an 11-year maturity to raise Rs 1,500 crore ($172.95 million). According to Reuters, which cited three bankers, it has a greenshoe option of Rs 1,000 crore. The company has asked bankers and investors to submit bids for coupons and promises. There was no…
The key role of renewable power The IREDA board has authorized the funding of Rs 5000 crore in one or more tranches through a QIP or placement of qualifying institutions. According to the exchanges’ filing, the board has determined that shareholder permission is required for fundraising, and government ownership cannot reduce the company’s post-issue paid-up…
On Wednesday, Inox Wind Limited (IWL) declared that Serentica Renewables (Serentica) had placed an order with IWL for 60 MW. According to a regulatory filing, this order is for the delivery of 3 MW class turbines by H1 CY25. These WTGs will also be installed at the hybrid renewable energy project site in Karnataka that…
The company’s renewable energy division, NTPC Green Energy, recovered well from a lackluster stock exchange debut. Within 30 minutes after listing, the shares were up 13.65% and had reached the upper circuit of Rs 122.75 on the BSE. Likewise, the shares went up 13.56% to Rs 122.65 on the NSE, which was a substantial increase…
To establish Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs) in Maharashtra, SJVN Limited announced on Friday that it had inked two Memorandums of Understanding (MoUs) with the Maharashtra government. SJVN and the Maharashtra government’s Department of Water Resources signed the first Memorandum of Understanding to develop five pumped storage projects with a combined…
Debasish Nanda, the business development director of state-owned Coal India, stated at the BloombergNEF summit on Thursday that the company plans to add 5 gigawatts (GW) of renewable energy capacity by 2028, one year sooner than anticipated. The corporation is also looking to establish pump storage projects in its depleted open-cast mines. It is in…
JSW Energy is considering several deals in the renewable energy sector, as financial investors are looking to sell their investments. These deals involve projects/companies with a capacity ranging from 500 MW to 3000-4000 MW. JSW Energy is accelerating its solar projects due to the changing economics, with solar panel prices dropping and solar tariffs increasing….
In keeping with the government’s goal of tripling the amount of green energy capacity to 500 GW by 2030, the renewable energy industry might benefit from the impending interim budget. Following their meetings with government officials, business leaders expressed optimism about more funding, especially for renewable energy sources including wind, solar, and bioenergy. They also…
After the completion of these projects, India will burn 292 million tonne (MT) more coal yearly, according to power minister RK Singh’s announcement that the country will add additional 25 to 30 gigawatts (GW) of thermal power to its existing 49 GW of coal-based plants. The typical plant load factor (PLF) in India is 65%-75%,…
On Thursday, Suzlon Group announced that it has received a new contract for the building of a 31.5 MW wind power project for Integrum Energy Infrastructure Private Limited. Suzlon stated in a regulatory filing that it would install 15 of its S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower with a…
