The company’s total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon. Suzlon Energy on Tuesday said its debt as on March 31 stood at Rs 14,262.06 crore, which also includes outstanding foreign currency convertible bonds worth Rs 1,376.30 crore (around $172 million). The company’s total […]
Adani Green Energy bonds subscribed three times
The instruments would mature in five and a half years. Mumbai: Renewable power company Adani Green EnergyNSE -2.91 % raised $500 million in an overseas debt sale for which the company obtained subscriptions about three times more than bonds on offer. Eastspring, Harvest, Manulife, Payden, Lazard Masfi, and Morgan Stanley were among the investors that […]
Utilities are starting to invest in big batteries instead of building new power plants
Due to their decreasing costs, lithium-ion batteries now dominate a range of applications including electric vehicles, computers and consumer electronics. You might only think about energy storage when your laptop or cellphone are running out of juice, but utilities can plug bigger versions into the electric grid. And thanks to rapidly declining lithium-ion battery prices, […]