Indian media outlets have reported that some of the largest renewable energy companies in the country have put in bids seeking subsidies to manufacture solar modules. The Economic Times reported that Tata Power, Reliance Industries, and First Solar were among the bidders vying for $2.4 billion in subsidies for setting … [continued]
Indian hydropower company SJVN has announced start of construction of a large solar power park in the northern state of Rajasthan. On January 3rd, the President of India laid the foundation for a 1 gigawatt solar power park at Bikaner, Rajasthan. The project is being developed by SJVN Green Energy … [continued]
India has increased its incentive package for solar module manufacturing by a factor of 5, to $3 billion. India’s Minister for New and Renewable Energy, RK Singh, recently told media outlets that his government has enhanced the production linked incentive package for solar module manufacturing. Initially, the incentive package was … [continued]
The Indian Minister of Finance recently announced the budgetary allocation for all ministries and associated target outcomes for the financial year 2018-19 that starts from 1 April 2018.
The International Securities Market (ISM) in London finally listed the first Green Masala Bond, paving way for several other Indian companies and government agencies to follow suit.
The International Solar Alliance — a brainchild of Indian Prime Minister Narendra Modi — will likely receive legal multilateral agency status later this year during the visit of French President Emmanuel Macron to India.
The Indian government is looking to tap market opportunities to keep up the recent swift growth in the renewable energy sector.
The non-banking financial agency of the Ministry of New & Renewable Energy is out to raise funds through green bonds and has already raised Rs 700 crore ($109 million) this year.
The Minister for Power, Coal and New & Renewable Energy recently announced that various public sector companies are likely to float green bond issues worth $1 billion (INR 6,400 crore).
The European Investment Bank recently announced that it will provide €200 million to the State Bank of India to facilitate debt funding for four large-scale solar power projects in India.
