Global banks earned more money from financing environmentally friendly projects for the second consecutive year, surpassing their earnings from funding oil, gas, and coal activities. These banks collectively made approximatelyContinue Reading
The world’s major banks are supplying the funds required by fossil fuel businesses to continue damaging the environment to the point that people may no longer be able to thriveContinue Reading
Shri RK Singh, Union Minister of State (IC) for Power and New & Renewable Energy recently held a meeting to review various issues pertaining to the Renewable Energy (RE) sector.Continue Reading
We had reported earlier that Government was considering a ‘Priority Lending Status’ for renewable energy sector and so was planning to write about the same to RBI. This had beenContinue Reading
In the backdrop of lenders shunning renewable power projects as they fear the low tariffs could financially cripple promoters from servicing loans, which then would turn into NPAs (non-performing assets)Continue Reading
Four years ago, 40 GW was set as a target for rooftop solar. But so far, only 2 GW of rooftop solar has been installed as of Q1 2018. MostContinue Reading
Five sectors namely steel, power, telecom, infrastructure and textile account for over 60% of the total stressed assets on the books of banks in India at present. Out of whichContinue Reading
