Continuum Green Energy Limited has signed definitive agreements, including a share subscription and purchase agreement along with ancillary documents, with the Japanese utility Chubu Electric Power Company (CHUBU) for an investment of Rs 13.5 billion. The investment will be made through a combination of primary subscription and secondary acquisition of equity shares in Continuum. The transaction is subject to customary regulatory approvals, including approval from the Competition Commission of India.
Furthermore, with this investment, CHUBU joins Just Climate as a key institutional shareholder in Continuum. The proceeds from the primary investment will be used to support the company’s ongoing capacity expansion plans, strengthen its balance sheet, and fund the development of new wind, solar, hybrid, and battery energy storage system projects across India.
Continuum Green Energy Limited is an independent power producer that supplies power to more than 180 commercial and industrial consumers. The company has a renewable energy portfolio of approximately 4.7 GWp, comprising around 2.72 GWp of operational capacity, 0.90 GWp under construction, and 1.08 GWp under development.
