TAG: "ICRA"

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Thermal PLF Expected to Remain Healthy at 70 percent in FY2025, says ICRA

The rating agency projects the full-year demand growth for FY2025 at 6.0%, slightly lower than its expectation for the GDP growth for this fiscal (6.8%).

ICRA | June 21, 2024 | By News Bureau | 1139

2024 to be an Electrifying Year for EV Industry

The proposal for enhancement of outlay of ‘FAME Phase II’ from INR 10,000 crores to INR 11,500 crores has been examined by Department of Expenditure (DoE) and approved considering the objectives of the Scheme.

ICRA | January 02, 2024 | By Anurima Mondal | 2141

Indian RE Capacity Expected to Reach 170 GW by Mar ’25: ICRA

Moreover, the capacity addition thereafter is likely to be supported by the significant improvement in tendering activity in the current fiscal with over 16 GW projects bid out so far and another 17 GW bids underway by the Central nodal agencies.

ICRA | December 07, 2023 | By News Bureau | 1699

Indian Solar PV Module Manufacturing Capacity to Cross 60 GW by 2025, says ICRA

ICRA expects the solar photovoltaic (PV) module manufacturing capacity in India to increase to over 60 GW by 2025 from the current level of ~37 GW, with improved backward integration into cell and wafer manufacturing.

ICRA | November 06, 2023 | By News Bureau | 1341

PLI Capex Deployment Likely to Surge over 80% of Projected Investments from FY24: ICRA

The deployment of Capex is expected to pick up only in FY24 for more than 80 per cent of the projected investments, based on some recent developments for large-scale projects such as semiconductors, predicted by credit rating agency ICRA Ltd.

ICRA | November 23, 2022 | By Manu Tayal | 4132

Rising EV Penetration to Drive over $9 Bn Investment in Battery Cell Manufacturing in India: Report

With the rising electric vehicle (EV) penetration in the country, investments in battery cell manufacturing are expected to exceed USD 9 billion, as estimated by ICRA Limited – a leading credit rating agency in India.

ICRA | September 01, 2022 | By Manu Tayal | 2614

AP High Court’s Order Reinforcing the Sanctity of PPAs, a Positive for RE IPPs: ICRA

The High Court (HC) of Andhra Pradesh (AP) vide its order on March 15, 2022 in the matter of PPA tariff renegotiation, initiated by Government of Andhra Pradesh (GoAP) for wind and solar power projects, has set aside its previous order issued in September 2019 by a single judge bench of the HC.

ICRA | March 16, 2022 | By News Bureau | 2429

Green Hydrogen Policy a Positive Step towards Energy Transition Plans: ICRA

Credit rating agency ICRA has said that the Government’s recently announced Green Hydrogen policy is a positive step towards its energy transition plans to support the significant Renewable Energy (RE) capacity addition in the country.

ICRA | March 08, 2022 | By Manu Tayal | 2271

PLI to Unlock India’s Manufacturing Capacity with Rs 3 Trn Outlay across 14 Sectors: Report

The Government of India with the intention of boosting India’s manufacturing, employment generation, import reduction and exports growth has announced the Production-Linked Incentive scheme (PLI) covering 14 significant sectors of the economy involving a total outlay of ~ Rs 3 trillion, said ICRA in its latest Sectoral Strategy Report.

ICRA | February 17, 2022 | By Manu Tayal | 2270

RE Generation Capacity Addition Estimated at 16 GW in FY23: ICRA

The outlook for the capacity addition in the renewable energy (RE) sector remains strong with a large project pipeline of over 55 GW and the highly competitive tariffs offered by these projects, said credit rating agency ICRA.

ICRA | January 10, 2022 | By Manu Tayal | 2807