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Virescent Infrastructure embarks on hybrid cloud journey with IBM and SAP to accelerate sustainable business growth – EQ Mag Pro

India, Mumbai: IBM (NYSE: IBM) today announced that Virescent Infrastructure, a renewable energy platform backed by leading global investment firm KKR, is collaborating with IBM Global Business Services (GBS) and SAP to deploy RISE with SAP, an SAP offering that brings together what businesses need to pursue digital transformation objectives and accelerate their move to […]

Promised Funding Means Nothing in SPAC Season of Discontent – EQ Mag Pro

SPACs, or special purpose acquisition companies, are struggling to collect previously committed cash in the latest sign of discontent in this once-booming corner of equity capital markets. At least three SPACs closed their respective deals this month without all of the money private investors had pledged to contribute. While fickle capital isn’t ideal, the moves […]

Biggest Saudi IPO Since Aramco Sees ACWA Plan $1.2 Billion Offer – EQ Mag Pro

ACWA Power International, one of Saudi Arabia’s main vehicles for building renewable energy projects, is set to raise up to 4.55 billion riyals ($1.2 billion) in what would be the biggest offering in Riyadh since Saudi Aramco’s listing. The Riyadh-based utility, half-owned by the kingdom’s sovereign wealth fund, has set the price range for its […]

Enfinity Global, CarVal Investors Sign USD 300 Million Loan Facility – EQ Mag Pro

Renewable energy solutions platform Enfinity Global and CarVal Investors have entered into a $300 million loan facility to fund Enfinity’s three gigawatts of renewable energy projects. As per the estimates of International Renewable Energy Agency (IRENA), a USD 131 trillion investment will be required to achieve net zero CO2 emissions by 2050. We are very […]

KPI Global Infra and Chemie Organic Chemicals terminate PPA signed for 1.10 MW solar power plant – EQ Mag Pro

PPA was only at an initial stage and the process of the sale of power had not yet started, KPI Global Infra, said. KPI Global Infrastructure Limited has terminated the power purchase agreement signed for the capacity of a 1.10 MW solar power plant under the Independent Power Producer (IPP) segment. “We have received the […]

Hidden Gem From SP Group, One of Their Subsidiaries is Making New 52 Week High – EQ Mag Pro

We have identified a Hidden gem from Shapoorji Pallonji Group, one of their subsidiary company is making 52 weeks with excellent growth potential in years to come. Company background Sterling and Wilson Solar Ltd (NS:STEN), the Solar EPC Division of Sterling and Wilson Private Limited, commenced operations in 2011 and was subsequently de-merged in 2017. […]