Piramal, CPPIB team up for $600 mn renewable energy InvIT

144

now viewing

Piramal, CPPIB team up for $600 mn renewable energy InvIT

May 7, 2019 Anand Gupta

GreenH entered into a contract to build a Hydrogen production and Refueling station

now playing

GreenH Electrolysis Entered into a Contract to Build a Hydrogen Production and Refueling Station to Power India’s First Hydrogen Train - EQ

May 7, 2019 Anand Gupta

Must-dos to Reduce Cost of Green Hydrogen Production in India

now playing

Govt plans long-term exemption for green hydrogen projects from its manufacturers shortlist for solar panels - EQ

May 7, 2019 Anand Gupta

now playing

ONGC plans to invest up to Rs 35000 cr for 5 GW solar, wind energy capacity by 2030 - EQ

May 7, 2019 Anand Gupta

NTPC Limited transfers renewable energy assets to NTPC Green Energy Limited (NGEL)

now playing

The next 10 years will be India’s Green Enercade - EQ

May 7, 2019 Anand Gupta

China’s Shandong Tenders Construction Work For 10 Offshore Solar Power Plants

now playing

U.P. govt plans 50 MW solar plant in Bakhira Bird Sanctuary - EQ

May 7, 2019 Anand Gupta

now playing

Keppel partners AM Green to explore biogenic carbon-based sustainable fuels opportunities in Asia and the Middle East - EQ

May 7, 2019 Anand Gupta

now playing

Sungrow Spearheads Iraq's Renewable Energy Revolution - EQ

May 7, 2019 Anand Gupta

Adani Group to invest 20 bn dollars in renewable sector over next decade

now playing

Adani group to spend Rs 7 trn in capex over next ten years across verticals - EQ

May 7, 2019 Anand Gupta

Budget expectations for ESG Govt needs to provide tax incentives to trigger gun for future corporate spending

now playing

Aster receives highest ESG ranking among listed healthcare companies in India with a 'STRONG' rating by Crisil - EQ

May 7, 2019 Anand Gupta

now playing

COP28 Presidency Recognises ReNew as Clean Energy Transition Changemaker - EQ

May 7, 2019 Anand Gupta

Billionaire Ajay Piramal-led Piramal Enterprises Ltd and Canada Pension Plan Investment Board (CPPIB) have signed an initial pact to co-sponsor a renewable energy-focussed Infrastructure Investment Trust (InvIT).

The InvIT will have an initial corpus of $600 million (Rs 4,160 crore) with an option to increase it further, Piramal said in a statement. The Canadian pension fund will contribute $360 million to this corpus while Piramal will put in $90 million.

The InvIT will seek to acquire up to 1.5-2 gigawatt of stable and cash-generating renewable energy assets on a hold-to-maturity basis, the statement said.