Oil and gas major Shell has announced plans to acquire Sprng Energy, a renewable energy platform owned by the investment firm Actis. Shell will pay $1.55 billion to acquire Sprng Energy, one of the leading renewable energy project developers in India. The company has 9.6 gigawatts in its renewable energy … [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 IFC To Advise On 600-Megawatt Solar Power Development In India According to a press … [continued]
Indian companies have bagged multiple renewable energy projects in economically battered Sri Lanka. The Indian government has offered a credit line to Sri Lanka to help the island country navigate through the economic peril it faces. Indian power generators are looking to expand their footprint in Sri Lanka, either through … [continued]
India-based renewable energy developer Greenko has signed two deals for its pumped hydropower storage project. According to media reports, one of India’s largest industrial conglomerates, Adani Group, recently signed an agreement with Greenko for using the latter’s pumped hydropower storage capacity. Adani will utilize around 6 gigawatt-hours of storage capacity … [continued]
Canada-based Brookfield Asset Management is looking to expand its footprint in India’s renewable energy sector. According to media reports, Brookfield is looking to acquire a ‘significant stake’ in Mahindra Susten, a solar power project developer and EPC contractor. The enterprise value of this deal is potentially worth Rs 70 billion … [continued]
The government of India is planning to raise billions of dollars by issuing up to $3.3 billion (equivalent) in “green bonds” to fuel its ambitious renewable energy targets, according to media reports. According to Investopedia, “a government bond is a debt security issued by a government to support government spending and … [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.
According to a press release, the IFC will provide guidance on a large solar power park in the state of Uttar Pradesh. The park is being developed by TUSCO — a joint venture company between hydropower generation company THDC India and Uttar Pradesh New & Renewable Energy Development Agency. THDC … [continued]
The Indian government is soon expected to launch a fresh tender to allocate subsidies for companies to set up solar cells and modules. According to media reports, the Ministry of New and Renewable Energy is expected to call for bids from companies interested in expanding existing or setting up new … [continued]
Sify Technologies Limited, a data center operator in India, has signed power purchase agreements to procure 200 megawatts of solar and wind power. According to media reports, Sify signed the power purchase agreements with Vibrant Energy Holdings. The two companies now have an agreement for a total of 231 megawatts, … [continued]
