Essel Group is once again in market to sell its 685-MW solar power portfolio, this time on a piecemeal basis. The company is said to be in talks with Adani Power, Canadian Pension Plan Investment Board (CPPIB) after Actis Energy’s discussion to purchase the entire portfolio hit a valuation hurdle, people close to the development […]
Acquisition Activity In Indian Renewable Energy Market Heats Up
Leading renewable energy generation companies are aggressively looking to expand their portfolios through inorganic means as minor players look to exit power plants in the face of increasing competition and unviable growth prospects. According to different media reports, renewable energy generators Mahindra Susten and government-owned power trading company PTC India are looking to sell their […]
Huawei Supplies Smart String Inverters to ReNew Power’s Largest Utility PV Plant
Recently, ReNew Power, India’s largest renewable energy IPP (Independent Power Producer) announced that its 300 MW solar plant at Pavagada Solar Park was successfully on commercial operation. It’s the largest project in terms of capacity that ReNew Power has commissioned to date and will help mitigate 0.6 million tonnes of CO2 emission per year. This […]
ReNew Power, NTPC eye PTC India’s wind power business
ReNew Power and NTPC are expected to soon submit binding bids for acquiring the PTC India’s wind power assets The sale, being managed by KPMG’s investment banking arm, could fetch a valuation of around ₹2,000 crore Mumbai: ReNew Power Ltd, India’s largest clean energy company, and state-run power utility NTPC Ltd have shown interest in the […]
ReNew Power commissions 300 MW solar plant in Karnataka
This is ReNew Power’s largest solar plant commissioned in terms of capacity till date New Delhi: ReNew Power on Wednesday announced commissioning of its 300 MW solar plant at Pavagada Solar Park in Tumkur district of Karnataka. This is ReNew Power’s largest solar plant commissioned in terms of capacity till date and will help mitigate […]
PTC Financial Services partners UKCI, DFID for India’s first green fund
PFS separately raised a loan of Rs 1,000 crore from SBI for a 10-year tenure, linked to the marginal cost of funds-based lending rate PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and Department for International Development (DFID), UK. The company […]
Siemens Gamesa bags 567 MW wind turbine order from ReNew Power
Wind turbine major Siemens Gamesa Renewable Energy on Thursday said it has bagged a new order for 567 MW from ReNew Power, an independent power producer. A statement issued here said the scope of order includes supply of 270 units, out of which 127 units of SG 2.1-122 wind turbines will be installed at Bhuj, […]
