IREDA to Raise ?5,000 Crore via QIP for Green Energy Projects; REIL Invites Bids For 2 MWp Rooftop Solar Projects Across Northern India and More...

The Indian Renewable Energy Development Agency Limited (Ireda) has announced plans to raise up to ?5,000 crore through a Qualified Institutions Placement (QIP) of equity shares. The decision, approved by IREDA’s Board of Directors, aims to enhance the agency’s financial capacity to meet the rising demand for renewable energy financing.

Rajasthan Electronics & instruments Limited (REIL), Jaipur, has issued a tender for grid-connected rooftop solar photovoltaic power projects on government buildings in Northern India. The tender invites bids for survey, design, supply (excluding solar PV modules), erection, testing, commissioning, and a five-year operation and maintenance period. The total rate contract capacity is 2 MWp, with the tender divided into three zones.

EQT Infrastructure IV (EQT) and Temasek have announced the sale of O2 Power, a leading renewable energy platform in India, to JSW Neo Energy, a wholly owned subsidiary of JSW Energy Ltd , for USD 1.5 billion. The transaction marks the exit of EQT and Temasek from the company, which they had established in 2020 as a greenfield renewable energy start-up.

Union Minister of New and Renewable Energy, Shri Pralhad Joshi, highlighted the transformative impact of the PM Suryaghar-Muft Bijli Yojana, emphasizing its role in empowering citizens to become energy producers and earn additional income by selling electricity to distribution companies. Speaking to 750 Special Guests invited by the Ministry of New and Renewable Energy to witness the Republic Day Parade in New Delhi, the Minister shared the government’s vision for renewable energy as a people-centric movement.