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]
Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country. Cleantech Investments Borosil Renewables Acquires Majority Stake In European Solar Glass Maker India’s largest solar glass … [continued]
Private equity investment firm KKR has announced plans to acquire a stake in a budding renewable energy platform in India. The firm will reportedly invest $400 million in Serentica Renewable. The renewable energy company is promoted by the Vedanta Group. The company plans to set up 5 gigawatts of renewable … [continued]
Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country. Cleantech Investments Indian Government Allocates $2.4 Billion Incentive Scheme For Solar Module Manufacturing The Indian government … [continued]
Private equity firm KKR-backed renewable energy infrastructure investment trust has raised $290 million worth of debt funding from multiple sources. Virescent Renewable Energy Trust announced that it raised Rs 21.5 billion ($290 million) through a combination of non-convertible debentures (NCD), long-term and working capital financing. Around $134 million was secured … [continued]
Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The country’s debt-ridden discoms are unable to pay off their dues to the generating companies. This has resulted in sharp increase in the sale of operational assets from various large renewable energy generators in the past few months.
The jury is still out on solar thermal, which is certainly efficient but has its critics because of its costs, both financial and ecological. The International Energy Association (IEA) is still bullish about its future, and projects such as the Solana Generating Station in Arizona show potential. Large projects such … [continued]
Private equity investment companies have seen renewable energy sector as an attractive sector for quite a few years now. A number of PE firms have made notable investments in renewable energy companies around the world, especially in emerging solar and wind energy markets. Global PE investment giant KKR has furthered … [continued]
Internet superstar Google are teaming up with global investment firm KKR to invest in six utility-scale solar facilities located throughout California and Arizona, in what will be the company’s 14th renewable energy investment. Announced on Thursday, Google and KKR — along with the solar developer, Recurrent Energy — the projects … [continued]
Google has been a clean energy leader for a long time (see my post on 7 of Google’s top clean energy investments from earlier this year for more on that). While it dropped a major solar R&D initiative recently, it seemed it did so in order to put more … [continued]
