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CLP India may buy Mahindra Susten’s 160 mw solar assets by February-end

By : Sustainability ..., Jan 15, 2020

CLP India, an independent power producer, is in advance discussions with Mahindra Susten to acquire 160 mw of its operational solar energy assets as part of its strategy to grow the renewable portfolio. The deal is likely to close by February-end, two sources close to the...

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SoftBank in talks to sell stake in India's renewable energy venture: Report

By : Sustainability ..., Jan 9, 2020

SoftBank Group Corp is in talks to sell a majority stake in its renewable energy joint venture in India as it looks to raise cash after facing setbacks to its global investments, India's Economic Times daily reported on Thursday. As part of the move, the Japanese technology...

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Bank of America lends over Rs 350 cr to Solar firm Fourth Partner Energy

By : Sustainability ..., Dec 17, 2019

Bank of America on Monday said it has extended a loan of Rs 356.5 crore to domestic solar player Fourth Partner Energy. This is the first transaction done by the lender in the country, wherein it has extended a local currency credit facility, an official statement said....

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Adani Green may buy rest of Essel’s 480-MW solar assets

By : Sustainability ..., Dec 16, 2019

After selling 205 megawatt (MW) of its operational solar energy portfolio to the Adani Group, the Essel Group has reached an agreement to sell the remaining 480 MW — currently under construction — to Adani Green Energy, two people with direct knowledge of the development said...

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Public sector enterprises gradually diversifying into green energy

By : Sustainability ..., Dec 12, 2019

Egged on by government incentives, the state owned enterprises (SOEs) are diversifying into green energy and building renewable energy portfolios. In October this year, the Ministry of New & Renewable Energy (MNRE) urged all SOEs to prioritise renewable projects in their...

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COP 25: India calls for speedier expansion of international solar alliance

By : Sustainability ..., Dec 10, 2019

More countries should join the International Solar Alliance (ISA) to reduce dependence on fossil fuels to meet growing energy requirements, Union Environment Minister Prakash Javadekar said in Madrid on Monday. Speaking at a ministerial plenary on the sidelines of the 25th...

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Tata Power seeks global investors for renewable energy

By : Sustainability ..., Nov 29, 2019

India's Tata Power Company Ltd, the power generation arm of the salt-to-software Tata group, wants to sell a stake in its renewable energy portfolio to global investors, its chief executive Praveer Sinha told Reuters. The company is examining the option of bringing in global...

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Siemens Energy CEO Sen: 'Scale to win in wind, jury out on gas'

By : Sustainability ..., Oct 23, 2019

The newly-spun off Siemens Energy aims to be the “go to institution for combating climate change” with the scale to lead on- and offshore wind markets, said its CEO-designate who added that “the jury’s out” on the role of large-scale gas in the new company. The pure-play...

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Clean energy firm ACME grows portfolio, eyes acquisitions

By : sustainabilityo..., May 28, 2018

Clean energy firm ACME is scouting the market for acquisitions and expanding its own portfolio in a bid to beef up its 2.5 GW renewable energy portfolio.

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