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Daily Archives: April 20, 2017

Rural Electrification eyes Rs10,000 crore renewables lending push

According to reports, Rural Electrification Corp. (REC), a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set aside nearly Rs10,000 crore ($1.5 billion) for renewable energy in the financial year ending 31 March, chairman P.V. ... Read More »

Solar power presents huge refinancing opportunity: India Ratings

According to reports, India Ratings and Research (Ind-Ra) estimates a possible refinancing opportunity for more than Rs 56000 crore out of the total debt of Rs 1.73 lakh crore across various infra sub-sectors in its portfolio till FY19. Of this, solar is expected to be in the forefront in terms of the number of deals with refinancing to the tune of 33%, followed by 27% in the highway sector. Also, there could be a shift in the type of instruments issued ... Read More »

Senvion unveils India playbook

According to reports, Senvion has launched four 2MW turbines in India that will be available for installation later this year. The German manufacturer said the 2.4M110, 2.4M114, 2.3M120 as well as a 2.3MW model with 124 metre and 110 metre rotors are now on the market in the country. It said the models are ideal for the low wind sites and have undergone testing in hot weather conditions. Chief executive Jürgen Geissinger said the company has now “arrived” in India after ... Read More »

Freyr Energy to raise $2-3 million this yr

According to reports, Hyderabad-based Freyr Energy, a full service solar solutions provider that raised Rs 10 crore in the last 18 months from institutional and angel investors, is now planning to raise around $2-3 million this year, Freyr Energy co-founder and managing director Saurabh Marda said. “The funds will be used mainly to meet the working capital requirements, product development and marketing activities,” said Marda while speaking on the sidelines of the launch of the Freyr SunProTM (SunPro) mobile app ... Read More »

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