TAG: "RE Financing"

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KPI Green Energy Secures INR 272 Cr Loan for 50 MW Wind-Solar Hybrid Project in Gujarat

Gujarat-based KPI Green Energy has secured an INR 272 crore credit facility from the National Bank for Financing Infrastructure and Development (NaBFID) to partly finance a 50 MW hybrid power project at Bharuch, Gujarat. The project comprises 75.2 MWp solar and 16.95 MW wind power capacity and is backed by a 25-year PPA with GUVNL.

RE Financing | March 20, 2025 | By Mrinmoy Dey | 713

REC Inks INR 18,360 Crore MoU with Kerala Government for Pumped Storage Projects

REC Ltd, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Energy Management Centre, Kerala, to finance INR 18,360 crore for Pumped Storage Projects over the next five years. The MoU was signed during the Global Green Hydrogen and Renewable Energy Summit 2025 in Kochi.

RE Financing | March 15, 2025 | By Mrinmoy Dey | 459

IREDA Sanctions INR 3000 Crore to Support Odisha’s 10 GW RE Target

Indian Renewable Energy Development Agency Ltd. (IREDA) has sanctioned over INR 3,000 crore for green energy projects in Odisha, supporting the state’s goal of achieving 10 GW renewable energy capacity by 2030, said CMD Pradip Kumar Das at the Odisha Solar Investor Conclave in Bhubaneswar.

RE Financing | December 24, 2024 | By Mrinmoy Dey | 915

Cabinet Approves Listing of IREDA on Stock Exchanges

The mini--ratna firm will be listed on stock exchanges through an initial public offering (IPO). The government will sell part of its stake. Fresh equity shares will be issued to raise funds.

RE Financing | March 18, 2023 | By Anurima Mondal | 2268