Solarium Green gets BSE nod for SME IPO
Solarium Green Energy, a solar EPC solutions provider, is set to open for public subscription. The proceeds from the public issue will be used to meet the company’s working capital requirements and to address general corporate purposes.
Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
Federal Bank, Ecofy partner on financing for MSME rooftop solar
The co-lending program targets financing 3,600 kW of rooftop solar installations annually, benefiting numerous micro-, small and medium-sized enterprises (MSMEs).
India’s green hydrogen leap presents INR 8-10 trillion opportunity
India’s target of achieving 5 million tonnes per annum of green molecule production by 2030 presents an investment opportunity of INR 8-10 trillion across building the infrastructure for electrolyzer production, renewable energy generation and green molecule production.
Madhya Pradesh allots land for solar manufacturing projects
Madhya Pradesh has received solar manufacturing proposals from Grew Energy, Insolation Green Energy, Premier Energies Global, Saatvik Solar and other companies. Land allotment letters for these industrial units were recently given away by the State’s chief minister.
ReNew to delist from NASDAQ
A consortium of ReNew Energy Global promoters including Masdar, CPP Investments, Abu Dhabi Investment Authority (ADIA) and Sumant Sinha has offered to buy out the company’s publicly listed shares.
Mahindra Susten closes INR 1,448 crore financing for 560 MWp of solar projects
Mahindra Susten has secured a Rupee term loan of INR 1,448 crore from HDFC Bank and Axis Bank for 560 MWp of solar power projects being developed in Gujarat and Rajasthan.
Avaada Group commits INR 1 lakh crore renewable energy investments in Rajasthan
Avaada Group will invest across pumped storage, green hydrogen, green ammonia, wind and solar power projects in Rajasthan.
Torrent Power raises INR 3,500 crore through QIP
Top investors include SBI Mutual Fund, Kotak MF, NPS Trust, New World Fund, American Funds Insurance Series Global Growthfund, and Nippon Life.
India imposes antidumping duty on solar glass from China, Vietnam
India’s Ministry of Finance has imposed an antidumping duty on solar glass imports from China in the range of $673 to $677 per metric ton and for imports from Vietnam at $565 per metric ton.
