IREDA formalizes a strategic MoU with Indian Overseas Bank for co-lending and loan syndication in Renewable Energy projects, signed on January 16, 2024, at IREDA’s New Delhi Business Centre; the collaboration includes streamlined processes, TRA management, and aims to achieve the national target of 500 GW Non-Fossil-based electricity generation capacity by 2030, building on IREDA’s successful partnerships with institutions like Bank of Baroda and Bank of India in co-lending for Renewable Energy projects.
IREDA forms collaborative financing alliance with Indian Overseas Bank for nationwide green energy projects
IREDA and Indian Overseas Bank join forces in an innovative Green Energy Financing partnership. Image Credit: IREDA
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)