The Indian Renewable Energy Development Agency Ltd. (IREDA) reported a 37% year-on-year increase in standalone profit after tax for the quarter ended June 30, 2026, supported by continued growth in its lending business, while maintaining stable asset quality despite higher impairment provisions during the quarter. The Navratna public sector enterprise posted a standalone profit after…
A 320 MW round-the-clock (RTC) hybrid renewable energy project developed by ReNew and Mitsui in India has secured refinancing through a US$730 million green loan from a consortium of 12 banks. The financing will be used to refinance the project’s existing senior debt and fund other project-related costs and capital expenditure requirements. International law firm…
Avaada Group has achieved financial closure for three utility-scale renewable energy projects, with total debt sanctions approaching USD 950 million. The portfolio includes what the company described as India’s largest financing transaction in the Firm and Dispatchable Renewable Energy (FDRE) segment. The projects include an FDRE project in Bikaner, Rajasthan, being developed under a long-term…
Indian Renewable Energy Development Agency (IREDA) reported its highest-ever annual profit after tax (PAT) of Rs 1,873 crore for FY 2025-26, registering a 10% increase over Rs 1,699 crore recorded in FY25. The company’s Board recommended a final dividend of Rs 0.75 per equity share, equivalent to 7.5% of face value, subject to shareholder approval…
Inox Clean Energy Limited (ICEL) has secured a 20-year loan of Rs 3,400 crore from the National Bank for Financing Infrastructure and Development (NaBFID). The funds are designated to refinance existing debt associated with several operational renewable energy projects acquired from Macquarie Group’s Vibrant Energy platform. The long-term debt facility is anticipated to carry an…
Juniper Green Energy Limited has secured Rs 86.82 billion in phased debt financing to develop renewable energy (RE) projects in India, including wind-solar hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The financing has been arranged from multiple institutions, including Power Finance Corporation Limited (PFC), DBS Bank, Hongkong and Shanghai Banking Corporation (HSBC), and…
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion. For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled…