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Green developers in AP lost Rs 1,400 cr since August

By : Sustainability ..., Jan 10, 2020

Renewable energy developers have lost revenue of Rs 1,400 crore due to curtailment of wind and solar power in Andhra Pradesh since August last year, said industry executives. “Out of the 7,307 mw of renewable energy installed in Andhra Pradesh, 20-25% of solar power and 50-60...

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Ray of hope as Andhra Pradesh starts clearing renewable dues this week

By : Sustainability ..., Jan 6, 2020

Ending months of impasse and uncertainty, the Andhra Pradesh government has started clearing arrears to renewable energy companies, providing partial succour to close to 5,000 MW of green energy projects. The projects have been battling amplified risks since chief minister Y...

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Govt plans to bail out clean energy firms

By : Sustainability ..., Dec 4, 2019

The Centre is considering offering state governments concessional loans from public sector lenders Power Finance Corp. (PFC), Rural Electrification Corp. Ltd (REC) and Indian Renewable Energy Development Agency (IREDA) to help power distribution companies clear green energy...

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India asks state-run firms to clear over $1 billion owed to green energy firms - sources

By : Sustainability ..., Nov 27, 2019

India has asked state lenders to provide over $1 billion to government power distribution companies to clear longstanding debts to green energy firms that could hinder further investment, three sources familiar with the plan said on Tuesday. The companies owe solar and wind...

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India’s largest renewable energy companies: Acme, Adani and Greenko top the list

By : Sustainability ..., Jul 31, 2019

Acme Solar, Adani, and Greenko have topped the list of India’s largest solar power producers by capacity while in the wind energy sector Renew Power, Greenko and Sembcorp top the charts,...

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GIC, ADIA invest $329 mn more in Hyderabad-based Greenko

By : Sustainability ..., Jul 12, 2019

In one of the largest funding rounds by an Indian clean energy producer, sovereign wealth funds GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) have agreed to pump in an...

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Macquarie eyeing Goldman Sachs’ ReNew Power stake

By : Sustainability ..., Sep 21, 2018

Macquarie Group is among investors who have evinced interest in buying a significant stake from Goldman Sachs Group Inc. in Sumant Sinha-founded ReNew Power Ventures Pvt. Ltd, said two people...

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India's small renewables firms fighting consolidation wave

By : Sustainability ..., Aug 22, 2018

Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond...

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