DUBAI: Egypt has sealed an agreement with AMEA Power a $1.1 billion agreement for a solar project and a wind farm with a combined capacity of about 1 gigawatt (GW). The Emirati renewable energy company will build, own and operate a 500-megawatt solar facility in Aswan governorate of Egypt and a 500MW wind farm at […]
Tata Power Sees Analyst Downgrades After Renewable Energy Deal – EQ Mag Pro
Most analysts downgraded Tata Power Co. Ltd. citing less-than-expected deal valuation for its renewable business. The company has agreed to sell stake in its renewable business to a consortium led by the U.S.-based BlackRock Real Assets. The consortium, also comprising Saudi sovereign fund Mubadala, will invest Rs 4,000 crore in Tata Power Renewable Energy Ltd. […]
Why Tata Power is sinking despite $526-million renewable energy deal? – EQ Mag Pro
The renewable energy business has been garnering investor interest over the past 18 months as the government steps up efforts to shift India’s energy dependence away from fossil fuels. The share price of Tata Power Co Limited sank over 3 percent in the morning trade on April 18 despite the company announcing a deal to […]