The Hydrogen Stream: India issues guidelines for second round of green hydrogen incentives
The Ministry of New and Renewable Energy (MNRE) has released guidelines for the second round of incentives for green hydrogen production under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.
ICRA upgrades Tata Power to AA+ with Stable outlook
The ratings upgrade takes into account Tata Power’s healthy operating and financial performance driven by the diversified business profile, superior operating efficiencies, and long-term offtake agreements for the generating portfolio.
ACME Solar files draft papers for INR 3,000 crore IPO
ACME Solar Holdings is one of India’s largest private-sector renewable power producers. It ranks among the top 10 renewable energy players in India in terms of operational capacity.
NTPC board approves raising of INR 12,000 crore via bonds, NCDs
NTPC’s board of directors has approved a proposal to raise up to INR 12,000 crore ($1,438.23 million) through the issuance of bonds and non-convertible debentures (NCDs).
World Bank approves additional $1.5 billion to support India’s green hydrogen, renewable energy push
The World Bank has approved an additional $1.5 billion loan to help promote the development of green hydrogen market and scale up renewable energy penetration in India.
Cleantech Solar secures INR 855 crore debt finance to advance C&I portfolio in India
Cleantech Solar has announced the financial close of a long-term debt finance amounting to INR 855 crore ($102.49 million) from Aseem Infrastructure Finance Ltd.
Brookfield targets $10 billion of renewable assets under management in India in four years
Brookfield Asset Management targets to more than triple renewable energy assets under management in India to over $10 billion within the next three to four years.
Adani Group to invest more than $100 billion in energy transition over the next decade
Next decade will see Adani Group invest more than $100 billion in the energy transition space and further expand its integrated renewable energy value chain—chairman Gautam Adani at CRISIL Ratings Annual Infrastructure Summit 2024.
IFC to finance Brookfield’s 550 MWp Bikaner solar power project
International Finance Corp. (IFC) has committed $105 million to Brookfield Asset Management’s 550 MWp solar power project in the Bikaner district of Rajasthan.
India renewable growth story to continue to shine
Renewable capacity addition is expected to remain at around 15-17 GW annually, owing to significant reduction in the module prices over the past 12 months and availability of liquidity.
