Shantanu Srivastava, Sustainable Finance and Climate Risk Lead, South Asia, IEEFA The term non-performing assets (NPAs) is almost synonymous with the woes of the Indian banking sector. Reserve Bank of India (RBI) regulations define NPAs […]
Indian renewable energy company CleanMax Enviro Energy Solutions Private Limited has raised $360 million from Canadian investor Brookfield Renewable. With this, Brookfield Renewable has acquired a controlling stake in the company. This will allow CleanMax […]
Torrent Power raises Rs 6 billion through NCDs Torrent Power Limited has raised Rs 6 billion through the issuance of non-convertible debentures (NCDs) on private placement basis. The company has issued and allotted Series 11, […]
Serentica Renewables secures additional $250 million investment from KKR Serentica Renewables has signed definitive agreements with KKR for an additional investment of $250 million in the company. Earlier, in November 2022, Serentica Renewables secured an […]
To achieve climate-resilient economies, financial resources need to be directed towards environment-friendly projects and activities. Therefore, as green finance gains traction in the public and private sectors across global economies, the Reserve Bank of India […]
Asia is one of the fastest growing regions in the world, projected to require $6.35 trillion worth of infrastructure investments through 2030. Such rapid economic development will mean a significant increase in energy consumption, which […]
RBI issues framework to accept green deposits The Reserve Bank of India (RBI) has announced a framework for accepting green deposits. The aim is to encourage regulated entities to offer green deposits to customers, protect […]
In a key development, NTPC Limited has closed the transactions for consolidating its renewable energy portfolio into one entity, NTPC Green Energy Limited (NGEL). This move aligns with NTPC’s plans to transfer its entire renewable […]
Powergrid approves investments of over Rs 40 billion (India) Power Grid Corporation of India Limited (Powergrid) has given approval for investments of Rs 40.71 billion for two projects. It has approved Rs 5.24 billion for […]
To achieve its net zero goals, India is focusing on generating additional global financial resources. To lower the carbon emissions of the economy, the Union budget for 2022-23 announced the issuance of sovereign green bonds […]
NTPC Green Energy to raise up to Rs 90 billion through rupee-denominated term loan NTPC Limited’s arm, NTPC Green Energy Limited (NGEL) has invited bids for a rupee-denominated term loan of up to Rs 90 […]
In recent times, meeting carbon neutrality targets has become a priority for many countries. This holds true for India as well, with the country committing to achieving net zero emissions by 2070. Bioenergy can play […]
RBI issues first tranche of sovereign green bonds (India) The government issued the first Rs 80 billion tranche of sovereign green bonds on January 25, 2023. The first tranche included Rs 40 billion each of […]
The power sector has recently seen some progress in the resolution of stressed generation assets. Vedanta Limited, a metals and mining major, recently emerged as the successful bidder to acquire Meenakshi Energy Limited (MEL), which […]
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 […]
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