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 […]
SJVN Limited has embarked on a path of accelerated generation capacity addition, which comes with significant funding needs. The public sector company, which currently has a capacity of 2,016 MW, recently announced its targets of […]
PGInvIT board approves investment worth Rs 6.44 billion in acquisitions (India) Powergrid Infrastructure Investment Trust (PGInvIT) will acquire stakes in various assets of Power Grid Corporation of India Limited (Powergrid) for Rs 6.44 billion. The […]
With climate change and environment, social and governance (ESG) themes dominating the investor landscape, the interest in green bonds is increasing in India. Recently, the Indian government announced plans to issue green bonds for the […]
SJVN subsidiary signs Rs 63.33 billion loan agreement SJVN Arun-3 Power Development Company, a subsidiary of SJVN Limited in Nepal, has signed a Rs 63.33 billion term loan agreement with a consortium of banks from […]
The power sector, particularly generation and transmission, witnessed key financings in the year 2021. The financing deals in conventional generation mainly focused on the resolution of stressed assets (Essar Power’s Mahan thermal power project and […]
PFC and REC further reduce lending rates by 40 bps (India) The Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across all types of loans by 40 bps. In the […]
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