The company will likely use the proceeds to fund the acquisition of solar projects in South India and to refinance high-cost rupee debt. Mumbai: Sajjan Jindal-controlled JSW Energy is planning to raise up to $1 billion in a maiden dollar bond sale, seeking to catch up with rivals such as Adani and the Tatas in […]
Edelweiss infra fund snaps up 74 pc stake in Engie Group”s India solar assets for USD 550 mn
Mumbai: Edelweiss Infrastructure Yield Plus (EIYP), an alternative investment fund from the Edelweiss Group, on Thursday snapped up a controlling 74 per cent stake in French utility Engie Group”s solar assets in India for a reported USD 550 million. The Engie Group has 813 MW of operational solar assets in the country, and it plans […]
Solar tariffs likely to rise in near term: Icra
MUMBAI: Policy support and tariff competitiveness will likely continue to drive investments in the renewable energy sector but delays in signing of power purchase agreements (PPAs) and power sale agreements (PSAs) are key downside risks, said Icra Ratings on Wednesday. While solar power tariffs will see an expected increase due to the levy of the […]
Obituary for Mr. Ravi Khanna – CEO & M. D. At Aditya Birla Renewables Ltd., Mumbai India
Obituary for Mr. Ravi Khanna – CEO & M. D. At Aditya Birla Renewables Ltd., Mumbai India Ravi Khanna serves as Managing Director and Chief Executive Officer for ABREL, the renewables entity for Aditya Birla Group. Aditya Birla Group is a US $48.3 billion corporation and is in the League of Fortune 500. Anchored by […]
Adani Green to buy 74.94 MW solar projects of Sterling & Wilson
Mumbai: Adani Green Energy Ltd (AGEL) on Wednesday announced that it has signed a share purchase agreement for the acquisition of 100 per cent stake in two special purpose vehicles (SPV) holding 74.94 MW operating solar projects of Sterling & Wilson, a Shapoorji Pallonji group company. Source: IANSLive
Avaada sponsors Parth Upadhyaya from Maharashtra in scaling peak ‘Annapurna-I.’
Avaada Energy has sponsored Parth Upadhyaya, a 25-year-old professional mountaineer from Mumbai who is all set to climb ‘Annapurna-I.’ Mumbai: Millions of people worldwide have dreams to fulfill – and many of these people are young. Avaada Energy gives young people an opportunity to nurture their talent and achieve their goals because today’s youth represent […]
Leading telecom giant Bharti Airtel acquires an 8.53% stake in Avaada MHBhuldhana Pvt. Ltd.
Mumbai : Bharti Airtel, one of India’s largest telecom companies, joined hands with Avaada Energy and acquired an 8.53% stake in Avaada MHbuldhana Pvt. Ltd. to source 21.32 MW (DC) of Solar Power from Avaada MH Buldhana under the group-captive arrangement and thereby reduce its carbon footprints. Avaada Energy, one of the leading Independent Power […]
Online multi-brand EV store BLive raises USD 1 million
Mumbai: Online multi-brand EV store BLive has raised USD 1 million (around Rs 7.25 crore), as part of follow-on capital of Pre-Series A round, led by Lets Venture, Mumbai Angels, Credit Wise Capital and JITO along with some HNIs. The fresh capital raised is planned to be invested in people, processes and technology to scale […]
Solar Analytics Startup Prescinto Raises $3.5 Mn in Seed Round Led By Venture Catalysts
Round led by Venture Catalysts Inflection Point Ventures is the second lead with other investors Mumbai Angels and Lets Venture also participating in the rounds. Funds raised would be used for International Expansion, primarily US, and further IP development to deepening their moats into Artificial Intelligence IPV announces Prescinto as its 7th deal for 2021; […]
Maha: MSETCL records highest power transmission of 25,800 MW
Raut said soon after assuming the office, he had asked the MSETCL to use latest technology and preventive maintenance to improve availability of transmission network Mumbai: The Maharashtra State Transmission Company Ltd (MSETCL) on Wednesday recorded the highest ever power transmission of 25,800 MW at 11.16 am due to the use of latest technology and […]