SJVN Green Energy achieves financial closure of its 1,000 MW solar power project in Rajasthan (India) SJVN Green Energy Limited has achieved the financial closure of its 1,000 MW solar power project under execution at […]
KKR to invest $400 million in decarbonisation platform Serentica Renewables (India) KKR has signed definitive agreements to invest $400 million in Serentica Renewables. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive industrial […]
Serentica Renewables, the newly formed renewable energy platform of Sterlite Power Transmission Limited, has been making headlines since its launch. The company recently clinched significant investments from leading American global investment firm KKR. On November […]
Adani Green Energy completes acquisition of three SPVs from Inox Green Energy Services Adani Green Energy Limited has completed the acquisition of 100 per cent equity share capital of three special purpose vehicles (SPVs) from […]
In a marquee deal, the country’s largest power generator, NTPC Limited recently acquired 50 per cent stake in Jhabua Power Limited (JPL), its first acquisition through the Corporate Insolvency Resolution Process (CIRP) initiated by the […]
Financing activity has picked up pace in the power sector driven by India’s ambitious plans of achieving 450 GW by 2030. In the past year, the sector has witnessed some significant fundraisings through commercial loans […]
The Bombay Stock Exchange (BSE) Power Index tracks the price movement of 11 power companies operating across various segments of the industry. The index is weighted by free float capitalisation and as of August 30, […]
The year 2021-22 witnessed investors and lending institutions increasing their focus on renewables as energy transition gathered pace in India. The country’s ambitious clean energy targets announced at COP26 in Glasgow have further heightened the […]
REC sanctions Rs 220 billion under new LPS Rules REC Limited has provided financial assistance of around Rs 220 billion for clearing the outstanding dues of the distribution licensees of Jharkhand, Rajasthan, Chhattisgarh and Jammu […]
Integrated private power major JSW Energy Limited’s wholly owned subsidiary, JSW Neo Energy Limited, recently agreed to acquire Mytrah Energy (India) Private Limited’s 1.8 GW renewable energy portfolio for a consideration of Rs 105.31 billion. […]
NTPC to raise Rs 50 billion via stake sale in NGEL NTPC Limited is planning to raise Rs 50 billion by selling a stake in NTPC Green Energy Limited (NGEL), a 100 per cent subsidiary […]
In a key recent development in the stressed asset space, mining major Vedanta Limited has acquired Athena Chhattisgarh Power Limited for Rs 5.65 billion to meet its captive power requirements. Athena Chhattisgarh Power currently has […]
This is an extract on global renewable energy financing trends from REN21’s recently released “The Renewables 2022 Global Status Report” Global new investment in renewable power and fuels (not including hydropower projects larger than 50 […]
India is seeing an increased uptick in solar power installations. As of May 2022, its solar power capacity stood at 57 GW. In 2021 alone, it added 10 GW of solar capacity, the highest 12-month […]
TotalEnergies to acquire 25 per cent minority stake in Adani New Industries TotalEnergies will acquire a 25 per cent minority stake from Adani Enterprises Limited in Adani New Industries Limited. The partnership, centred on green […]
Tata Power has signed a binding agreement with a consortium comprising BlackRock Real Assets and Mubadala Investment Company as co-investors to raise Rs 40 billion for its renewable energy platform. This investment will be by […]
MoP directs PFC, REC to arrange short-term loans for imported coal-based plants under stress The Ministry of Power (MoP) has directed the Power Finance Corporation (PFC) and REC Limited to take the necessary action to […]
The Standing Committee on Energy (2021-2022) has released its 21st report, titled “Financial Constraints in Renewable Energy Sector”. The report was presented to the Lok Sabha on February 3, 2022, and was laid in the […]
BlackRock Real Assets-led consortium to invest Rs 40 billion in Tata Power Renewable Energy (India) Tata Power Company Limited and a BlackRock Real Assets-led consortium, including Mubadala Investment Company, have entered into a binding agreement […]
Over the past decade, renewable energy development has gained rapid momentum across the world. Drivers for this growth include increasing the climate commitments of governments and businesses, increasing awareness and political will, technological advancements, access […]
COPYRIGHT © 2017-2022 | POWER LINE