India has overtaken the US to become the second-most attractive country after China for renewable energy investment, according to a report by a UK accountancy firm EY. In an annual ranking of the top 40 renewable energy markets worldwide in terms of allure, China was ranked at the top, followed Read more…
The Indian Renewable Energy Development Agency (IREDA) increased its financing of green energy projects considerably in 2016–17, crossing the milestone of Rs 10,000 crore in a single year for the first time. IREDA provided loans of Rs 10,200 crore through 2016–17 for 112 clean energy projects across solar, wind, small Read more…
IREDA’s cumulative loan sanction, since inception crosses Rs 50,000 crore. Cumulative loan sanctions towards clean energy projects as on date is Rs 50,559 crore. IREDA’s cumulative disbursements, since inception is Rs 29,172 crore. IREDA over the last 10 years has committed a cumulative loan amount of around Rs 40,792 crores Read more…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to raising of bonds of Rs 2,360 crore for renewable energy. The bonds will be raised by the Ministry of New and Renewable Energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA) during the Read more…
The Ministry of New and Renewable Energy (MNRE), Government of India, and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India on behalf of the Government of the Federal Republic of Germany have signed an agreement on technical cooperation under the ‘Indo-German Energy Programme— Green Energy Corridors (IGEN-GEC)’. The main objective Read more…
The Ministry of New and Renewable Energy (MNRE) has taken several steps to realize the largest renewable capacity expansion programme in the world, which is being taken up by India. The government is aiming to increase the share of clean energy through massive thrust in renewables. Core drivers for development Read more…
A five-year ‘masala bond’ issued by the Indian Renewable Energy Development Agency (IREDA) was listed on the London Stock Exchange, raising nearly $300 million (19.5 billion), with a coupon of 7.125%. The green ‘masala bond’ on London Stock Exchange’s International Securities Market is certified by Climate Bonds Initiative, an international, Read more…
More than 70% of the countries in the world—including the UK, US, China and other major economies—could run entirely on energy created by wind, water, and solar by 2050, according to a roadmap developed by scientists. And they pointed out that doing so would not only mean the world would Read more…
Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement on January 31, 2018, for financing the shared infrastructure of two large solar parks in Madhya Pradesh. The Ministry of New and Renewable Energy (MNRE), The World Bank, and IREDA have been able Read more…
First released in 2005, REN21’s Renewables Global Status Report (GSR) has grown to become a truly collaborative effort, drawing on an international network of over 900 authors, contributors, and reviewers. Today it is the most frequently referenced report on renewable energy market, industry and policy trends. This year’s Renewables 2018 Read more…