Writing the story on India’s renewable energy journey pushed me to use the same materials that I gathered to look at what’s happening in the rest of the world. The global renewable energy sector has witnessed a dramatic shift in competitive dynamics over the past decade, with India emerging as … [continued]
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]
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]
Canadian investor Brookfield will reportedly invest $1 billion in Indian renewable energy project developer Avaada Ventures. According to media reports, Brookfield has signed an agreement to invest $1 billion in multiple tranches in Avaada Ventures. Avaada Ventures in the holding company of Avaada Energy, a renewable energy project developer operating … [continued]
German development bank KfW has approved a loan for developing a transmission project to support renewable energy projects in India. According to media reports, the government of Kerala has received nod from KfW for a loan worth Rs 916 crore ($110 million). The funding will enable construction of a transmission … [continued]
India’s largest mass rapid transit system has announced plans to significantly increase power procurement from solar power projects. Delhi Metro has announced that it will increase share of solar power in its total power procurement to 50% by 2031. At present, Delhi Metro Rail Corporation (DMRC) sources 34% of its … [continued]
India-based Vibrant Energy has secured debt funding for a large scale solar-wind hybrid project. According to media reports, Vibrant Energy has secured Rs 22 billion ($270 million) debt funding for a 300 megawatt solar-wind hybrid project. Funding will be provided by Power Finance Corporation, a government-owned non-banking financial institution. The … [continued]
