The power sector in India is geared up to transition to a clean energy future. While the renewable energy segment will witness an increase in capacity additions, emerging sectors such as smart metering and energy […]
CCI approves acquisition of Lanco Amarkantak by PFC Projects, REC, SJVN and DVC The Competition Commission of India (CCI) has approved the acquisition of 100 per cent shareholding of Lanco Amarkantak Power Limited by PFC […]
Financing activity has picked up pace in the power sector, driven by India’s ambitious plans of achieving 500 GW by 2030. In the past year, the sector has witnessed some significant fundraising through commercial loans […]
India’s power sector is undergoing a transformative phase, characterised by surging power demand, substantial investments, and a significant shift towards sustainable energy solutions. In 2022-23, the sector witnessed a remarkable surge in cumulative disbursements and […]
The Bombay Stock Exchange (BSE) Power Index tracks the price movement of 12 power companies operating across various segments of industry. As of September 27, 2023, the index stood at 4,618.79 points, registering a decline […]
Powergrid approves plan to issue bonds in tranches to raise up to Rs 57 billion Power Grid Corporation of India Limited (Powergrid) has approved a plan to issue bonds on a private placement basis in […]
The cost of capital (CoC) is a crucial driver of total costs and determines the cost of electricity from renewable power generation technologies. However, the absence of reliable, up-to-date and differentiated CoC data for individual […]
PFC signs MoU worth Rs 2.37 trillion with 20 companies in the clean energy space Power Finance Corporation (PFC) Limited has signed MoUs worth over Rs 2.37 trillion with 20 public and private companies in […]
Shantanu Srivastava, Sustainable Finance and Climate Risk Lead, South Asia, IEEFA The term non-performing assets (NPAs) is almost synonymous with the woes of the Indian banking sector. Reserve Bank of India (RBI) regulations define NPAs […]
Indian renewable energy company CleanMax Enviro Energy Solutions Private Limited has raised $360 million from Canadian investor Brookfield Renewable. With this, Brookfield Renewable has acquired a controlling stake in the company. This will allow CleanMax […]
Torrent Power raises Rs 6 billion through NCDs Torrent Power Limited has raised Rs 6 billion through the issuance of non-convertible debentures (NCDs) on private placement basis. The company has issued and allotted Series 11, […]
Serentica Renewables secures additional $250 million investment from KKR Serentica Renewables has signed definitive agreements with KKR for an additional investment of $250 million in the company. Earlier, in November 2022, Serentica Renewables secured an […]
To achieve climate-resilient economies, financial resources need to be directed towards environment-friendly projects and activities. Therefore, as green finance gains traction in the public and private sectors across global economies, the Reserve Bank of India […]
Asia is one of the fastest growing regions in the world, projected to require $6.35 trillion worth of infrastructure investments through 2030. Such rapid economic development will mean a significant increase in energy consumption, which […]
RBI issues framework to accept green deposits The Reserve Bank of India (RBI) has announced a framework for accepting green deposits. The aim is to encourage regulated entities to offer green deposits to customers, protect […]
In a key development, NTPC Limited has closed the transactions for consolidating its renewable energy portfolio into one entity, NTPC Green Energy Limited (NGEL). This move aligns with NTPC’s plans to transfer its entire renewable […]
Powergrid approves investments of over Rs 40 billion (India) Power Grid Corporation of India Limited (Powergrid) has given approval for investments of Rs 40.71 billion for two projects. It has approved Rs 5.24 billion for […]
To achieve its net zero goals, India is focusing on generating additional global financial resources. To lower the carbon emissions of the economy, the Union budget for 2022-23 announced the issuance of sovereign green bonds […]
NTPC Green Energy to raise up to Rs 90 billion through rupee-denominated term loan NTPC Limited’s arm, NTPC Green Energy Limited (NGEL) has invited bids for a rupee-denominated term loan of up to Rs 90 […]
In recent times, meeting carbon neutrality targets has become a priority for many countries. This holds true for India as well, with the country committing to achieving net zero emissions by 2070. Bioenergy can play […]
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