The Infrastructure Development Finance Company (IDFC) has lent Rs 6.75 billion in a 70:30 debt-equity ratio to a solar project in Rajasthan owned by Solairedirect Energy, India. The project is being developed at Bhadla in […]
According to the data shared by the Department of Industrial Policy and Promotion, India witnessed a total of $1.77 billion foreign direct investment (FDI) equity flow in the non-conventional energy sector between April 2014 and […]
IDFC Alternatives, the asset management arm of IDFC Limited, is looking to exit its investment in Hyderabad-based renewable energy firm Mytrah Energy India, ahead of the company’s IPO. Mytrah is learnt to have started preparations […]
Suzlon Energy is learnt to be in advanced talks to sell stake in 130 MW of solar projects to raise Rs 1.1 billion by end-March 2017. The company had earlier divested 49 per cent stake […]
Orient Green Power Company Limited (OGPL) is reportedly in discussions with IL&FS Wind Energy for a potential merger of the wind energy generation businesses of both entities. The merged entity will have 1.2 GW of […]
Japan-based power company JERA, a JV between Tokyo Electric Power and Chubu Electric Power, has acquired a 10 per cent stake in ReNew Power Ventures for $200 million. With this latest round of investment, the […]
The International Finance Corporation (IFC), which is the private sector investment arm of the World Bank, is looking to invest about Rs 1 billion in renewable energy company CleanMax Enviro Energy Solutions. The latter will […]
In a related development, ReNew Power has raised equity worth $265 million from the Abu Dhabi Investment Authority, Goldman Sachs and the Global Environment Fund (GEF), taking the total funds raised in recent times to […]
ReNew Power has announced a long-term debt financing of $390 million from ADB. Proceeds from this ADB investment will be utilised by the company to develop and expand capacities in Andhra Pradesh, Gujarat, Jharkhand, Karnataka, […]
Suzlon Energy is reportedly planning to raise Rs 8 billion from private equity investors, Asia Climate Partners and Olympus Capital Asia, to create an independent renewable energy platform. Talks are reportedly at an advanced stage […]
Techno Electric & Engineering Company has sold 33 MW of its wind power assets in Tamil Nadu for Rs 1.65 billion. Post this transaction, Techno Electric’s wind power portfolio has come down to 12 MW. […]
Hero Future Energies has raised $125 million in equity infusion from the International Finance Corporation (IFC), the private sector investment arm of the World Bank, and the IFC Global Infrastructure Fund. The proceeds from the […]
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