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]
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 Indian subsidiary of Finnish utility Fortum has joined the long queue of Indian solar power developers looking to sell their assets. According to media reports, Fortum India is looking to sell a majority stake in 500 megawatts of solar power projects. Fortum’s plans to sell assets has attracted some … [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.
Sensing a golden opportunity to acquire a stake in leading renewable energy companies in India, Canadian investors are readying nearly a billion dollars.
One of the worst fears of the leading wind energy company in India has come true. For years, Suzlon Energy had been flirting with financial turmoil and recently the company witnessed a rather unfortunate milestone which could define the company’s future.
Yet another renewable energy major in India is facing a huge financial challenge and has attracted interest from foreign investors.
Although the capacity addition in India renewable energy sector has slowed down the merger and acquisition space is heating up. A major private renewable energy developer — Mytrah Energy — is being eyed by several companies.
TerraForm Power, formerly the yield-co jewel in the crown of renewable energy darling SunEdison, reported disappointing first-quarter earnings late last month, with lower-than-expected earnings and cash due in part to underperforming renewable energy assets.
Formerly the crown jewel in the SunEdison renewable energy portfolio, yieldco-turned-renewable power company TerraForm Power has reported steady financial results in its first year with backing from Brookfield Asset Management.
