The Indian Government is looking to ramp up financing for renewable energy projects as it looks to achieve large capacity addition targets. Government-owned financial entities Rural Electricity Corporation (REC) and Power Finance Corporation (PFC) are expected to make available around $15 billion to renewable energy projects. The two companies are … [continued]
As the Indian renewable energy market heats up with new and bigger projects being announced every week, private and public sector financial entities are looking to raise fresh funds to cater to the increasing demand. The Indian Renewable Energy Development Agency (IREDA), the primary government-sector entity that is responsible for … [continued]
The Asian Development Bank continues to support the development of renewable energy in India. The Asian Development Bank (ADB) has released $200 million in long-term debt finance to Indian Renewable Energy Development Agency (IREDA) to support the development of renewable energy projects. The $200 million debt finance is part of … [continued]
Global credit rating agency Moody’s expects a significant shift in the global green bonds market. Following the trend of faster growth in renewable energy capacity addition in developing countries, the global green onds market is also expected to see greater participation from developing economic like China and India, according to … [continued]
The Indian Renewable Energy Development Agency has announced a huge bond issue likely to be the first among a long list of similar capital raising exercises to finance the country’s renewable energy infrastructure. The Indian Renewable Energy Development Agency (IREDA) is the primary government body looking after financial lending and incentives in … [continued]
The Indian government, through its enterprises, is planning to raise funds by issuing tax-free bonds for renewable energy projects. At least 3 government-owned organisations — Power Finance Corporation (PFC), Rural Electrification Corporation (REC), and Indian Renewable Energy Development Agency (IREDA) — will raise more than $600 million through tax-free bonds. The … [continued]
India is looking at several avenues to finance its ambitious plans to expand renewable energy capacity. The Indian government has reportedly asked at least 8 financial institutions to raise funds for renewable capacity expansion. These funds are expected to be raised through issuance of green bonds. Public sector entities like Rural … [continued]
India has managed to generate $2.85 billion in revenue from clean energy cess (taxes) it had introduced in 2010, essentially a coal tax. India’s plans to significantly boost renewable energy infrastructure over the next few years has got a shot in the arm as the government recently announced that it … [continued]
The US Export-Import Bank has played a very important role in shaping the Indian renewable energy market into its current form. The bank now plans to provide further assistance to promote renewable energy infrastructure development in India. The bank has offered $1 billion in low-cost loan to India for aiding … [continued]
As mentioned in my 2012 solar energy expectations yesterday, I think India’s got a good chance of shooting onto the solar power map this year. Following up on solar in India, a recent report by Bridge to India estimates that the country will have 33.4 gigawatts (GW) of solar power installed by … [continued]
