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Renew Power seeks $300 million in bond sale

By : Sustainability ..., Jan 14, 2020

Wind and solar energy company Renew Power is meeting investors this week as it plans to raise at least $300million via dollar bond sales across the world later this month. The money raised will be used to refinance existing debt and for funding the second tranche of projects...

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Ray of hope as Andhra Pradesh starts clearing renewable dues this week

By : Sustainability ..., Jan 6, 2020

Ending months of impasse and uncertainty, the Andhra Pradesh government has started clearing arrears to renewable energy companies, providing partial succour to close to 5,000 MW of green energy projects. The projects have been battling amplified risks since chief minister Y...

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Indian Oil Corporation to invest Rs 25,000 cr in green energy

By : Sustainability ..., Aug 20, 2019

Indian Oil Corporation (IOC), the nation’s largest refiner and fossil fuel retailer, plans to invest Rs 25,000 crore in green energy projects, including solar and wind power plants, bio-fuels...

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Maharashtra power utility gets additional 1,000 MW cheap solar power

By : Sustainability ..., Feb 22, 2019

After tying up for 1,000MW solar power at the rate of Rs 2.71 and Rs 2.72 per unit in 2018, Maharashtra State Electricity Distribution Co Ltd (MSEDCL) will now sign power purchase agreements (...

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REC signs 200 million euro loan agreement with German bank KfW

By : Sustainability ..., Aug 16, 2018

State-owned power sector lender Rural Electrification Corporation (REC) today announced it has signed a Euro 200 million loan agreement with German bank KfW for renewable energy projects....

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