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Torrent Power receives highest generation-based incentives in Apr-Jan FY20

By : Sustainability ..., Apr 14, 2020

Torrent Power received Rs 42.21 crore as generation-based incentive (GBI) by the Indian Renewable Energy Development Agency (IREDA) for the April-January period of the current financial year 2019-20 (FY20), according to data tabled in Parliament last month. The Ahmedabad-...

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Govt hands over 12,000 MW CPSU solar scheme to Ireda

By : Sustainability ..., Apr 14, 2020

The Union government has appointed state-run lender Indian Renewable Energy Agency (Ireda) as the implementing agency for setting up solar power plants by Central Public Sector Undertakings (CPSU). The CPSU scheme, meant to promote domestic solar manufacturing, was being run...

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‘Letter of Comfort’ From PFC/ REC/ IREDA now at Par With Bank Guarantees

By : Sustainability ..., Mar 16, 2020

To improve the business environment for clean energy projects and attract investments, the government has decided to treat a letter of comfort (undertaking) issued by state-run shadow banking firms like Power Finance Corporation (PFC), REC and Indian Renewable Energy...

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Renewable energy: 7592 MW commissioned in first 9 months of FY 2019-20

By : Sustainability ..., Feb 5, 2020

India’s renewable energy capacity addition in the year 2019-20 is likely to exceed year 2018-19’s 8532.22 MW. The country has already commissioned renewable energy capacity of 7591.99 MW up to December in the year 2019-20. Another 34,160 MW is under various stages of...

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India becomes second-largest market for Green Bonds with $10.3 billion transactions

By : Sustainability ..., Feb 4, 2020

India has become the second-largest market globally for green bonds with $10.3 billion worth of transactions in the first half of 2019, as...

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Fitch Ratings cuts Indian Renewable Energy Development Agency ratings as renewable stress rises

By : Sustainability ..., Dec 17, 2018

As India's renewable energy space starts showing signs of slowdown and eventual stress, Fitch Ratings has downgraded Indian Renewable Energy Development Agency (Ireda) rating....

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IREDA may borrow up to ₹48,000 cr for Centre’s subsidised solar water pump scheme

By : Sustainability ..., Dec 7, 2018

The Indian Renewable Energy Development Agency (IREADA) may be borrowing up to ₹48,000 crore as part of the Centre’s contribution to the subsidised solar pump scheme announced in the Budget....

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IREDA feels the pinch of RBI tightening NPA provisioning norms

By : Sustainability ..., Nov 22, 2018

The Indian Renewable Energy Development Agency (IREDA) expects worsening of its asset quality with the Reserve Bank of India’s recent move to level the playing field on NPA recognition between...

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26 GW renewable energy tenders issued, says IREDA chairman

By : Sustainability ..., Nov 19, 2018

The government is planning incentives to promote renewable power and it has already issued tenders for setting up 26-GW clean energy capacities, a top IREDA official said Friday. ...

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IREDAs Green Masala bond raises Rs 19.5 bln by listing on SGX

By : sustainabilityo..., Oct 12, 2017

The IREDA, Indias government- owned renewable energy entity has raised Rs 19.5 billion through a five-year Green rupee-denominated bond by listing on the Singapore Exchange. "We look forward to...

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