Some of the leading global pension funds are vying for a stake in the latest renewable energy yieldco offering in India. According to media reports, Canadian pension fund British Columbia Investments (BCI) and Dutch pension fund APG Asset Management are among several investors looking to acquire a stake in Mahindra … [continued]
Global investment firm KKR has participated in the second fundraising exercise in sixth months for India-based Serentica Renewables. According to media reports, KKR has invested $250 million in Serentica Renewables, picking up an undisclosed amount of stake in the company. KKR had invested $400 million in the company in November … [continued]
The Indian renewable energy company Avaada has secured a massive $1.07 billion from multiple investors, including Brookfield. According to media reports, Brookfield Renewable, part of Brookfield Global Transition Fund (BGTF), has committed to invest $1 billion in Avaada Group. The investor is believed to have already released the first tranche … [continued]
GAIL India, a government-owned natural gas distribution company, has announced plans to enter the solar module manufacturing sector. GAIL, formerly Gas Authority of India Limited, has expressed intentions to collaborate with other companies in an attempt to have footprint in the growing solar module manufacturing market in India. It plans … [continued]
The Indian government is expected to initiate auction of mining rights for lithium reserves later this year. According to media reports, the Indian government will offer mining rights for lithium reserves in Jammu & Kashmir later in 2023. The focus of the auction will be the recently confirmed 5.9 million … [continued]
Homegrown Blusmart Mobility has secured debt to acquire a massive fleet of electric vehicles. According to media reports, government-owned financial entity Power Finance Corporation (PFC) has sanctioned a loan worth $75 million to Blusmart Mobility. The company competes with Uber and Ola Cabs in cab aggregation services. However, Blusmart operates … [continued]
A subsidiary of India’s largest power generation company has announced the launch of a massive energy storage tender. NTPC Renewable Energy Limited, a wholly owned subsidiary of government-owned NTPC Limited, recently initiated the process to launch a tender for 9 gigawatt-hours of energy storage capacity. NTPC Renewable Energy Limited houses … [continued]
Government-owned oil marketing company BPCL has announced plans to add 240 megawatts of renewable energy capacity before April of 2024. According to media reports, the company plans to invest Rs 16 billion ($195 million) to set up this capacity. The planned projects will be set up in the states of … [continued]
The Indian government has relaxed eligibility criteria for the exemption of the transmission charge waiver for renewable energy projects supplying power to green hydrogen projects. Renewable energy projects in India supplying power to green hydrogen or green ammonia production plants will be exempted from payment of transmission charge provided they … [continued]
The world’s second largest steel maker, ArcelorMittal, has placed a huge wind turbine order in India as part of its ambitious plans to expand its renewable energy footprint in the country. AM Green Energy placed an order for 166 megawatts of wind turbines with Siemens Gamesa. AM Green Energy is … [continued]
