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IREDA secures international credit rating from S&P Global

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The Indian Renewable Energy Development Agency (IREDA) has received an international credit rating from S&P Global Ratings Limited, achieving a ‘BBB-’ long-term and ‘A-3’ short-term issuer credit rating. The outlook for IREDA has been designated as ‘Stable’. This rating will facilitate IREDA’s access to funding and support its expansion into international markets.

In July 2024, IREDA announced plans to invest approximately Rs 2.9 billion in a 900 MW hydroelectric power project in Nepal. Earlier, in May 2024, IREDA established a wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, in the International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City), Gujarat. Additionally, in April 2024, IREDA’s board approved a borrowing plan of Rs 242 billion for the fiscal year 2024-25.

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Mubadala Energy secures key wins in Andaman exploration

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PPA and DOE partner to modernize ports for offshore wind development

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JBIC signs loan agreements with ADNOC for renewable energy and decarbonisation projects

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The Japan Bank for International Cooperation (JBIC) has signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC), totalling approximately $341 million and $130 million under a credit line established in July 2024. The loans are co-financed by Mizuho Bank Limited, Sumitomo Mitsui Banking Corporation, MUFG Bank, Limited, and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, raising the total financing to $569 million and $217 million, respectively. These loans, part of JBIC’s…

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KEC International secures Rs 11.42 billion in new orders across T&D, railways, and cables

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Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal

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