The energy business of debt-laden Infrastructure Leasing and Financial Services (IL&FS) appears to be the favorite among the prospective investors in the IL&FS asset monetisation plan. The renewable energy businessContinue Reading
Tata Power, Torrent, JSW Energy, Greenko, Sterlite Power and Statcraft are among the 15-plus applicants who have submitted their expressions of interest (EoIs) for IL&FS group’s renewable energy assets worthContinue Reading
The renewable energy services firm Kanoda Energy Systems Pvt. Ltd has agreed to sell 88% stake to Mukesh Ambani-led Reliance Industries Ltd for Rs 75 crore (about $10.7 million) inContinue Reading
Private sector companies are generally wary of investing in hydropower because it is considered a highly capital-intensive resource. Many projects suffer cost overruns, delays due to geological and clearance problems,Continue Reading
Small to mid-sized renewable energy (RE) companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bondContinue Reading
Greenko Group and overseas vehicles utilities are in separate talks to acquire Equis Pte Ltd’s Indian hydroelectric assets. The Singapore-based company’s Hydreq hydropower platform is valued at about Rs 2,700Continue Reading
Tata Power Ltd and Actis LLP are in separate talks to buy the solar power business of Subhash Chandra’s Essel Infraprojects Ltd. The interest from the Indian power producer andContinue Reading
Abu Dhabi Investment Authority (ADIA), the world’s third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers even in the oil-richContinue Reading
