In Short : Ecofy has raised ₹3.8 billion to expand its retail green financing operations in India. The funding will support loans for electric vehicles, rooftop solar, and energy-efficient solutions. This move strengthens green lending ecosystems, promotes sustainable consumption, and accelerates India’s transition toward clean energy adoption at the consumer and small business levels. In […]
Bank of Baroda Raises ₹10,000 Crore Through Green Infrastructure Bonds – EQ
In Short : Bank of Baroda has successfully raised ₹10,000 crore through the issuance of long-term green infrastructure bonds, marking a significant step in sustainable finance. The seven-year bonds, carrying a 7.10% coupon rate, attracted strong investor demand. The funds will support renewable energy and environmentally sustainable infrastructure projects, reinforcing the bank’s commitment to green […]
Renewable Energy Sector Urges Policy Support for R&D and Green Financing in FY27 Budget – EQ
In short : The renewable energy industry is calling for targeted incentives in the FY27 Budget to boost research and development and improve access to affordable green finance. Industry stakeholders believe enhanced fiscal support can accelerate innovation, lower technology costs, strengthen domestic manufacturing, and enable faster deployment of clean energy solutions critical to long-term energy […]
Distributed Renewable Energy (DRE) Creates Rural Job Opportunities; States Urged to Develop Skilling Ecosystem and Innovative Green Financing: Shri Santosh Kumar Sarangi, Secretary MNRE – EQ
Association of Renewable Energy Agencies of States (AREAS) hosts a National Workshop on Subnational Climate Leadership in Accelerating India’s Clean Energy Transition Association of Renewable Energy Agencies of States (AREAS) and Natural Resources Defense Council in partnership with the Uttar Pradesh New & Renewable Energy Development Agency and Self-Employed Women’s Association organized a two-day national […]
REC Reports Strong Q1 with 29% Profit Surge and Accelerated Green Financing Momentum – EQ
In Short : REC Ltd posted a 29% jump in Q1 net profit to ₹4,451 crore, supported by a 36% rise in disbursements to ₹59,508 crore. Total income stood at ₹12,101 crore. The strong performance reflects REC’s expanding role in financing India’s power and infrastructure sectors, with increasing emphasis on clean energy and sustainable development […]
IREDA Successfully Raises ₹2,005.90 Crore via QIP to Boost Green Financing – EQ
In Short : IREDA has raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), issuing 12.15 crore equity shares at ₹165.14 each. The issue was oversubscribed 1.34 times, with LIC acquiring nearly half. Funds will strengthen IREDA’s Tier-I capital and support renewable energy financing, reinforcing investor confidence and advancing India’s green energy transition goals. In […]
Zelestra Secures Green Financing to Power 81 MW Solar Project with Meta Partnership – EQ
In Short : Zelestra has secured $113 million in green financing from Banco Santander for its 81 MW Jasper County Solar Project in Indiana, set to be operational by late 2025. The project includes a long-term energy agreement with Meta and supports Zelestra’s 7 GW U.S. pipeline. This deal marks a key step in expanding […]
CMD, IREDA Outlines Vision for Strengthening Green Financing Ecosystem at RBI Policy Seminar – EQ
In Short : New Delhi – The CMD of IREDA outlined a vision to strengthen India’s green financing ecosystem at an RBI policy seminar. Emphasizing the need for innovative financial tools, tax incentives, and risk-sharing mechanisms, he called for collaboration with RBI and global best practices to support India’s 500 GW renewable energy target by […]
IREDA Showcases Green Financing Leadership at Make in Odisha Conclave 2025 – EQ
In Short : At the Make in Odisha Conclave 2025, PM Narendra Modi visited IREDA’s pavilion, themed “Responsible for Renewables.” CMD Pradip Kumar Das highlighted IREDA’s role in financing clean energy for India’s 500 GW non-fossil fuel target by 2030. IREDA reaffirmed its commitment to supporting India’s green energy transition and achieving net-zero emissions by […]
ADB, Bogd Bank Partner to Provide Green Financing for Women-Owned MSMEs in Mongolia – EQ
In Short : ADB and Bogd Bank have partnered to provide green financing for women-owned MSMEs in Mongolia. This initiative aims to empower women entrepreneurs while promoting sustainable business practices and supporting the country’s green economic growth. In Detail : ULAANBAATAR, MONGOLIA : The Asian Development Bank (ADB) and Bogd Bank JSC have signed a […]