Singapore investment firm to hold 1.49-2.97% stake in EV business Mahindra & Mahindra (M&M) announced on Thursday that Singapore-based investment firm Temasek Holdings will invest Rs 1,200 crore in M&M’s four-wheeler passenger electric vehicle (EV) subsidiary, Mahindra Electric Automobile (MEAL), at a valuation of up to Rs 80,580 crore ($9.8 billion). This is 15 per […]
DBS, SGX, Standard Chartered and Temasek to Take Climate Action Through Global Carbon Exchange and Marketplace
DBS, SGX, Standard Chartered and Temasek to develop a carbon exchange and marketplace, Climate Impact X; providing organisations with high-quality carbon credits to address hard-to-abate emissions Climate Impact X will use satellite monitoring, machine learning and blockchain technology to enhance transparency, integrity and quality of carbon credits. Forged as a result of Singapore’s Emerging Stronger […]
Temasek and BlackRock commit $600 million to invest in firms working to reduce carbon emissions
The partnership between Temasek and BlackRock — called Decarbonization Partners — will launch a series of late-stage venture capital and early growth private equity investment funds. They plan to commit a combined $600 million in initial capital to invest across the funds, which would also raise money from third-party investors. The first fund has a […]
National Investment and Infra Fund emerges top bidder for Mahindra Susten’s solar assets
The major operational assets that are to be sold include a 337.5 MW solar park at Rewa, Madhya Pradesh and an 84.5 MW plant at Charanka, Gujarat MUMBAI: The National Investment and Infrastructure Fund (NIIF) is the frontrunner to acquire about 617 megawatts (MW) worth assets of Mahindra Susten, the solar energy EPC platform owned […]
Grapevine: Hero Future Energies in talks with KKR and others to sell PPAs
Munjal family-promoted green energy company Hero Future Energies is in separate talks with global investors including KKR, Actis, Temasek-backed O2 Power and the UK’s CDC-owned Ayana Renewable Power to sell 900 megawatt (MW) of its power purchase agreements (PPAs), two people aware of the development told The Economic Times. One PPA that Hero Future plans […]
Temasek Pushes Clean Energy With Solar Co-Investment
Singapore’s state investment arm Temasek Holdings furthers its commitment into renewable energy with its latest co-investment, alongside a private equity fund, of $50 million in a solar energy firm. Sunseap secured funding from Temasek and Singapore-based ABC World Asia for solar projects in the city-state and other parts of Asia. Following the investment, which was […]
Temasek, EQT set up $500m renewable energy JV
Bengaluru : Singapore investment company Temasek, along with Swedish major EQT, has set up a platform called O2 Power to develop and acquire renewable energy assets in areas like solar and wind energy. The two investment firms have committed $500 million in equity for the venture, which is targeting 4 gigawatts of installed capacity in […]
Temasek, EQT to launch renewable energy platform in India: Report
Swedish alternative investment firm EQT Partners will team up with Singapore state investor Temasek to launch a green energy platform in India, according to an Economic Times report. The new renewable energy platform, which aims to build and/or acquire wind and solar farms, will have an initial equity commitment of $500 million from the two […]
