Homegrown Blusmart Mobility has secured debt to acquire a massive fleet of electric vehicles. According to media reports, government-owned financial entity Power Finance Corporation (PFC) has sanctioned a loan worth $75 million to Blusmart Mobility. The company competes with Uber and Ola Cabs in cab aggregation services. However, Blusmart operates … [continued]
The Indian government is planning to facilitate implementation of solar power parks across the country with each project having a capacity of 2 gigawatts. The solar and wind energy parks shall be implemented under the ultra mega renewable energy power parks program. The capacity proposed for each park earlier was believed to be 1.8 gigawatts.
A government-owned company has become the latest entity in India to raise funds through a green bond issue. The bond issue is among the several such issues planned by government-owned and private entities in the country to raise funds for renewable energy and energy efficiency project finance.
Indian Railways has taken yet another initiative towards its goal to increase the use of renewable energy in its operations.
Indian public sector companies could soon unleash a flurry of green bonds with a target to raise funding to expand the renewable energy infrastructure in the country. The long list of Indian companies planning rupee-denominated green bonds include Power Finance Corporation, NTPC, Neyveli Lignite, PTC India, and Rural Electrification Corporation. … [continued]
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]
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]
