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Avaada Energy secures Rs 5.97 billion refinancing for solar projects
Avaada Energy, part of Avaada Group, has secured approximately Rs 5.97 billion in refinancing for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), a debt fund focused on operational infrastructure projects. Avaada’s solar projects supply power to major corporations such as…
IREDA raises Rs 12.47 billion through perpetual bonds
The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent. This move aims to optimize its capital structure and take advantage of favourable market conditions. The bond issuance is a key step in enhancing IREDA’s Tier-I capital, ensuring a…
Martial Solren achieves financial closure for solar projects in Gujarat and Rajasthan
Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity…
Websol to supply 100 MW MONO PERC solar cells to Luminous Power
Websol Energy Systems Private Limited has signed a purchase agreement with Luminous Power Technologies Private Limited for the supply of 100 MW of MONO PERC solar cells. The agreement was signed on April 5, 2025. The supply is scheduled to take place over a one-year period, from April 2025 to April 2026. The solar cells…
Boralex and Saint-Gobain sign 20-year renewable PPA in France
Boralex Inc. and Saint-Gobain have signed a 20-year renewable power purchase agreement (PPA) in France, covering three power plants that will supply renewable electricity to Saint-Gobain’s industrial sites. The agreement includes two solar parks and one wind farm, set to commence operations between Q1 2026 and Q1 2027. These facilities are expected to generate approximately…
NTPC REL commissions 25 MW of Gujarat solar PV project
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited through NTPC Green Energy Limited, has commenced commercial operation of the second part capacity of its 200 MW Sadla Solar PV Project in Gujarat. The additional 25 MW capacity became operational on January 17, 2025. Earlier, the first part capacity of 37.5 MW was…
