Solar Financing

IPO Bound-GP Eco Solutions Files Papers For NSE Emerge

Noida-based Solar Solutions and storage firm GP Eco Solutions is on the IPO Trail, having filed preliminary papers for a listing at NSE Emerge.  NSE Emerge is a platform from the NSE that has been created for small and medium enterprises to seek a wider pool of investors, without an IPO if need be. The […]

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COVER STORY: Increased Govt Thrust Set To Give Rooftop Solar Financing A Fillip

Days after the announcement of PM Suryodaya Yojana on January 22, its impact was felt in different parts of the country. Several states, ministries, energy regulators and companies seem to be in a race to enable faster adoption of rooftop solar.  Union Minister for New and Renewable Energy already announced increasing subsidies for residential rooftop […]

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Tata Power Q3 Results- EBITDA Up 15% to Rs 3250 crore

Tata Power, one of the largest integrated utilities in the country, reporting its 17th consecutive quarter of PAT growth in its Q3 results. Better realisation in the core business segments consisting of Generation, Transmission & Distribution and Renewables, helped the Company grow its Q3FY24 reported PAT to Rs. 1,076 crore as compared to Rs. 1,052 […]

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Recurrent Energy Secures $160 Mn For Solar Project, Microsoft as Customer

Recurrent Energy, a subsidiary of Canadian Solar Inc., and a global developer and owner of solar and energy storage assets, announced that it has secured $160 million in project financing for its 127 MWdc Bayou Galion Solar project, located in Northeast Louisiana. Recurrent Energy said that the project is currently under construction and is expected […]

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EPC Player Vareyn, Credit Fair in Partnership To Take Solar to More Customers

Jaipur based Vareyn Solar Pvt. Ltd., which has been innovating  especially with its solar projects in the hospitality segment in the state and beyond, has now launched a consumer-lending fintech start-up in association with Credit Fair. This partnership is aimed at pushing the adoption of solar energy to a broader category of prospects, while harnessing […]

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Credit Fair Joins Hands with Amplus to Finance Rooftop Solutions

Credit Fair, a consumer lending fintech startup, has joined forces with Amplus Solar, a clean energy solutions provider. This collaboration offers collateral-free affordable financing to individuals, housing societies and trust associations looking to set up solar rooftops. The maximum loan an individual and MSME can avail of is up to Rs 200 lakh. Credit Fair […]

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Tata Power Gets DFC Backed USD 425 million For Cell and Module Plant in Tamil Nadu

The U.S. International Development Finance Corporation’s (DFC) Board of Directors has approved the provision of up to USD 425 million in financing in TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. DFC […]

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“Penetration In MSME Low, Market Untapped for Solar Rooftop Plant Developers,” Vikas Agarwal, Credit Fair

With a transition in power consumption patterns worldwide due to climate change and the limitation of fossil fuels, the importance of green sources such as solar energy has increased significantly in the past few years. However, the initial installation cost often is a significant limitation for the widespread adoption of solar technology in residential and […]

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US based Hecate Energy Closes $550 Million Financing Package For Green Ambitions

Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit (“LC”) facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities […]

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