Author: PPD Team Date: 22/01/2025
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IREDA secures $172 million loan from SBI Tokyo
Author: PPD Team Date: 01/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds…
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JSW Neo Energy wins 400 MW solar power project from NTPC
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IEX Q3 profit rises 16.9% to Rs 1,073 million
Author: PPD Team Date: 27/01/2025 Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year. The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
IREDA secures $172 million loan from SBI Tokyo
Author: PPD Team Date: 01/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds…
Chemplast Sanmar signs PPA with JSW for hybrid project in Tamil Nadu
Author: PPD Team Date: 03/03/2025 Chemplast Sanmar Limited and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), have signed a power purchase agreement (PPA) with JSW Green Energy Nine Private Limited, a special purpose vehicle (SPV) of JSW Neo Energy Limited, a subsidiary of JSW Energy Limited (JSWEL). Under the agreement, the SPV will develop an 84.9 MW wind-solar hybrid power project in Tamil Nadu, consisting of 64.9 MW solar and 20 MW wind capacity…
Adani Green signs PPA with UPPCL for solar project in Rajasthan
Author: PPD Team Date: 06/05/2025 Adani Green Energy Sixty Nine Limited, a wholly owned step-down subsidiary of Adani Green Energy Limited (AGEL), has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 400 MW of solar power. The power will be sourced from a grid-connected solar photovoltaic project in Rajasthan. This agreement is part of AGEL’s ongoing expansion in renewable energy. Separately, Adani Power Limited has announced a capital expenditure plan…
JSW Neo Energy wins 400 MW solar power project from NTPC
Author: PPD Team Date: 09/12/2024 JSW Energy’s wholly owned subsidiary, JSW Neo Energy, has received a letter of award (LoA) from NTPC for the development of a 400 MW ISTS-connected solar power project. This award is part of NTPC’s competitive bidding process for 1,500 MW of ISTS-connected solar projects (NTPC-ISTS-III). With this addition, JSW Energy’s total locked-in generation capacity has increased to 19.6 GW, including 4.4 GW dedicated to solar projects. The company currently operates…
Sunsure signs PPA to supply 21 MW solar power to Lupin
Author: PPD Team Date: 16/09/2024 Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility. Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as KSB Pumps,…
IEX Q3 profit rises 16.9% to Rs 1,073 million
Author: PPD Team Date: 27/01/2025 Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year. The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
IREDA secures $172 million loan from SBI Tokyo
Author: PPD Team Date: 01/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds…