IREDA IPO Expected By September Updated On Fri, Feb 8th, 2019 by Saurenergy IREDA will issue fresh 13.90 crore shares, increasing the paid-up share capital of the company from Rs 784 crore to Rs 923 crore. The initial public offer (IPO) of state-owned Indian Renewable Energy Development Agency (IREDA) will be launched before September 2019, a top official has confirmed. “We can raise up to 15 percent of our equity. […] Read more
NIWE Installs LiDAR for Offshore Wind Resource Assessment at Gulf of Khambat Updated On Fri, Jul 20th, 2018 by Saurenergy In order to be competitive, developers are encouraged to deploy most advanced technologies. The National Institute of Wind Energy (NIWE), an autonomous institution under the Ministry, has installed a remote sensing instrument- LiDAR for assessment of offshore wind resource at Gulf of Khambat, off the Gujarat Coast. The Power and New & Renewable Energy Minister, […] Read more
NIWE, has installed a remote sensing instrument- LiDAR for assessment of offshore wind resource at Gulf of Khambat, off the Gujarat Coast Updated On Thu, Jul 19th, 2018 by Saurenergy Developers are encouraged to deploy most advanced technologies IREDA, a non-banking financial institution under the Ministry has conducted studies with foreign assistance during the last three years and current year Most of renewable energy projects in the country are being implemented by the private sector developers selected through a transparent bidding process. In order to […] Read more
International Solar Alliance: A Rollercoaster Ride for Indian Solar Updated On Mon, Apr 16th, 2018 by Saurenergy Indian solar sector witnesses sharp momentum in the past four years under the leadership of Prime Minister Narendra Modi. In 2014, when he took office, India had 3 GW of solar power, which now turned to nearly seven-times of that, or 20 GW, by the end of FY18. India’s efforts towards solar sector came into […] Read more
IREDA & European Investment Bank sign Euro 150 million Loan Agreement for Renewable Energy Financing in India Updated On Sat, Mar 10th, 2018 by Saurenergy More than 1 million Indian households to benefit from the new initiative EIB has extended this line of credit without insisting for sovereign guarantee from Government of India European Investment Bank (EIB) and Indian Renewable Energy Development Agency (IREDA) Ltd. have signed a loan agreement for a second line of credit (LoC) of Euro 150 […] Read more
KSEB to Pay Interim Tariff at Rs 3.90 Per Unit for FY18 Updated On Mon, Feb 19th, 2018 by Saurenergy IREDA had filed a petition on June 16, 2017 before the commission seeking an interim tariff and for getting the approval of power sale agreement for 50 MW solar PV project. The Kerala State Electricity Regulatory Commission has approved the interim tariff at Rs 3.90 per unit for electricity purchased by the Kerala State Electricity […] Read more
Ireda and Rumsl Join Hands for Large-Scale Solar Parks in Madhya Pradesh Updated On Thu, Feb 1st, 2018 by Saurenergy Out of the total power proposed to be generated at Rewa solar park, 24% has been agreed to be purchased by Delhi Metro Rail Corporation and balance 76% by Madhya Pradesh Power Management Company Ltd ( MPPMCL). Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement today […] Read more
Ireda and Rumsl Signs Agreement for Large-Scale Solar Parks in Madhya Pradesh Updated On Wed, Jan 31st, 2018 by Saurenergy Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement today for financing the shared infrastructure of two large Solar Parks in Madhya Pradesh. Ministry of New & Renewable Energy (MNRE), World Bank & IREDA have been able to work out a proposal to channelize US$ 100 Million […] Read more
India Plans Rs 11,000 Crore Aid To Support Domestic Solar Cell Manufacturing Updated On Mon, Dec 18th, 2017 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has released a concept note of a proposal that aims to provide a 30 percent subsidy for setting up new solar plants and expanding the existing ones. India plans to boost solar module manufacturing by providing Rs 11,000 crore direct support along with concessions to cut reliance […] Read more
