Investments in power storage will be crucial to stabilise increasing power generation Power storage demand in India is expected to expand rapidly to stabilise the increasing variability on the power supply side – from rising renewable generation – and the demand side, says a report by Fitch Ratings. Increasing power generation from renewable energy, which […]
Fitch Rates Azure Power’s Proposed Notes BB-Plus
Singapore : Fitch Ratings has assigned Azure Power Energy Ltd’s (APEL’s) proposed five-year partially amortising US-dollar senior secured notes due 2026 an expected rating of BB-plus. The outlook is stable, it said. APEL is a subsidiary of Azure Power Global Ltd (APGL). The net proceeds will be used to refinance APEL’s USD500 million notes due […]
Fitch Rates Cleantech Energy’s Proposed USD Notes First-Time BB-Minus
The rating on notes reflects credit profile of a restricted group of 12 entities (Acme RG1) that are fully owned by Acme Solar Holdings Pvt Ltd Hong Kong : Fitch Ratings has assigned India Cleantech Energy Ltd’s (ICEL’s) proposed US dollar senior secured notes due 2026 an expected rating of BB-minus. The outlook is stable, […]
Fitch Assigns Stable Outlook to ReNew RG II’s $525 Million Notes at BB
Fitch Ratings has assigned a stable outlook to ReNew RG II’s $525 million senior secured notes due in 2024 and affirmed the rating at BB. Fitch Ratings has assigned a stable outlook to ReNew RG II’s USD525 million senior secured notes due in 2024 and affirmed the rating at BB. Fitch now rates ReNew RG […]
India EV Sales to Grow at 26 Per Cent by FY23: Fitch
However, it said the economic impact of Covid-19 pandemic and limited domestically produced EVs will prove a challenging barrier to overcome. SINGAPORE: The recently announced electric vehicle (EV) incentives by India along with high fuel prices will be supporting factors for stronger adoption of EVs over 2020-2023, leading to an average annual growth rate of […]
Coal-fired power plant development to remain growth driver in India: Fitch
Singapore : Coal-fired power plants will be the primary driver of infrastructure investment in India’s power sector over the next decade, Fitch Solutions said on Tuesday. The country hosts 40 coal-fired power plant projects currently under construction involving a combined investment of 40.2 billion dollars and accounting for 61 GW of capacity. Additionally, the country […]
Fitch Affirms ReNew RG II’s USD525 Million Notes at ‘BB’
Fitch Ratings has affirmed ReNew RG II’s USD525 million senior secured notes due 2024 at ‘BB’. ReNew RG II is a restricted group of subsidiaries owned by ReNew Power Private Limited (ReNew; BB-/Stable). The rating on the notes reflects the credit profile of the restricted group (RG) of eight entities that have an operating capacity […]
Fitch Affirms Neerg Energy’s USD475 Million Notes at ‘BB-
Fitch Ratings has affirmed the rating of Neerg Energy Ltd’s USD475 million senior unsecured notes due 2022 at ‘BB-‘. The rating on the notes reflects the credit profile of a restricted group (RG) of subsidiaries owned by ReNew Power Private Limited (ReNew; BB-/Stable). The RG has an operating capacity of 606MW in wind (66% of […]
Fitch Rates REC Ltd’s Proposed USD Notes BBB-Minus
Fitch rates REC Ltd’s proposed USD notes BBB-minus Hong Kong: Fitch Ratings has assigned REC Ltd’s proposed senior unsecured notes a rating of BBB-negative. REC (earlier known as Rural Electrification Corporation) is a Navratna company under the administrative control of Ministry of Power. The proposed notes will be issued from REC’s existing 7 billion dollar […]
Fitch: Taiwan to install 20.4GW of solar and wind by 2030, offsetting coal shutdowns
More than 20GW of non-hydro capacity is expected to come online in Taiwan by 2030, according to a new report, driven by solar installations and offshore wind. Although it received a sharp shock at the start of last year, the speed of Taiwan’s transition to solar and wind power could still go a long way […]
