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Energy Finance & Investment News in India

Power Finance provides loan for West Bengal`s first super critical project

Power Finance provides loan for West Bengal`s first super critical project

🕔Mar 10, 2017

State-run Power Finance Corp has announced that it has sanctioned financial assistance of INR27.04 billion (US$405 million) for West Bengal`s first super critical thermal power project located in Murshidabad district.

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Gamesa to build 50-MW wind park in India

Gamesa to build 50-MW wind park in India

🕔Mar 9, 2017

India’s Infrastructure Leasing & Financial Services Limited (IL&FS) has announced it has contractect the Spanish company Gamesa to build a 50 MW wind farm in  in the state of Madhya Pradesh.

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Inox Group to sell 260 MW wind portfolio in India

Inox Group to sell 260 MW wind portfolio in India

🕔Mar 9, 2017

Renewable energy firm Inox Renewables Ltd has announced it has agreed to sell its operating wind power farms to wind power company Leap Green Energy Pvt, majority-owned by JPMorgan Chase & Co.

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India records lowest wind power tariffs

India records lowest wind power tariffs

🕔Mar 1, 2017

Record-low bids of INR3,460 (US$51.79) per MWh has been drawn in India’s first ever auction targeting 1 GW of wind power capacity.

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20 firms bid for Rewa solar power plant

20 firms bid for Rewa solar power plant

🕔Feb 6, 2017

A total of 20 firms have submitted their respective proposals for the 750-MW Rewa ultra-mega solar power project to be developed in Madhya Pradesh, India.

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AES Corporation to develop India’s first grid-scale energy storage system

AES Corporation to develop India’s first grid-scale energy storage system

🕔Jan 20, 2017

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ADB finance ReNew Power through $390 m loan

ADB finance ReNew Power through $390 m loan

🕔Jan 18, 2017

As part of its efforts to scale up private sector-led infrastructure development in Asia and the Pacific and boost support for clean energy, the Asian Development Bank (ADB) approved a new US$390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew Power, the first of which has also been signed.

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Sterlite Power achieves FC for transmission project in Haryana

Sterlite Power achieves FC for transmission project in Haryana

🕔Jan 10, 2017

Sterlite Power Transmission Limited has achieved financial closure for its transmission project that will increase electricity supply to residential, commercial and industrial establishments in Haryana, India.

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InfraCo Asia signs two agreements for India hydro power projects

InfraCo Asia signs two agreements for India hydro power projects

🕔Dec 20, 2016

InfraCo Asia Development Pte. Ltd., part of the Private Infrastructure Development Group (PIDG), has announced the signing of two separate Joint Investment and Development Agreements (JIDA), Subscription Agreements (SSA), Shareholders Agreements (SHA) with Virtuaal Infrapower.

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BGR Energy Systems wins 1,980 MW power BOT project

BGR Energy Systems wins 1,980 MW power BOT project

🕔Dec 14, 2016

BGR Energy Systems, has won the contract from Neyveli Uttar Pradesh Power Limited (NUPPL) for 3 x 660 MW (1,980 MW) Super Critical Thermal Power Project at Ghatampur, Uttar Pradesh.

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ECI to Launch 1000 MW Rooftop Solar PV Scheme

ECI to Launch 1000 MW Rooftop Solar PV Scheme

🕔Dec 13, 2016

Solar Energy Corporation of India (SECI) has launched a tender of 1000 MW capacity for development of grid-connected rooftop solar capacity for Central Government Ministries/Departments. 

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Greenko completes of SunEdison's India assets

Greenko completes of SunEdison's India assets

🕔Dec 2, 2016

Greenko Energy Holdings has completed the acquisition of SunEdison’s 587 MW Indian wind and solar projects for a cash payment of US$42 million and assumption of project-level debt of US$350 million (at an average interest rate of 11.3 percent). The enterprise value of the transaction is approximately US$392 million.

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India's Suzlon unveils partner for solar project in Telangana

India's Suzlon unveils partner for solar project in Telangana

🕔Nov 30, 2016

Suzlon Group has announced a joint venture with Ostro Energy for the development and construction of a 50 MW solar project at Wanaparthy site, Telangana (India). 

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India’s IDFC to buy 45 MW of solar projects from Punj Lloyd

India’s IDFC to buy 45 MW of solar projects from Punj Lloyd

🕔Nov 22, 2016

The India infrastructure fund of IDFC Alternatives has purchased three solar projects, totalling 45 MW, in Punjab and Rajasthan (India) from Punj Lloyd.

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Suzlon sells stakes in three solar projects

Suzlon sells stakes in three solar projects

🕔Nov 21, 2016

Suzlon Group has announced joint ventures with the Unisun Energy Group and  Canadian Solar for the development and construction of 45 MW Solar PV Projects located in Telangana (India).

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GMR Infrastructure Ltd. announces completion of investment by Tenaga Nasional Berhad in GMR Energy

GMR Infrastructure Ltd. announces completion of investment by Tenaga Nasional Berhad in GMR Energy

🕔Nov 17, 2016

GMR Energy Limited, a subsidiary of GMR Infrastructure Ltd has announced allotment of 30% stake to Tenaga Nasional Berhad, Malaysia for a cash consideration of USD$300 million, implying an Equity value of USD$1 billion.

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India publishes guideline for 1 GW wind projects

India publishes guideline for 1 GW wind projects

🕔Nov 11, 2016

The Government of India has set an ambitious target of achieving 175 GW power capacity from renewable energy resources by 2022 and out of this 60 GW is to come from wind power.

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Rosneft and investment consortium led by Trafigura sign agreements to acquire 98% in Essar Oil

Rosneft and investment consortium led by Trafigura sign agreements to acquire 98% in Essar Oil

🕔Oct 25, 2016

Rosneft and a consortium of Trafigura and United Capital Partners have signed agreements to acquire 98% in Essar Oil Limited (EOL).

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Reliance Infrastructure to sell power transmission business to Adani

Reliance Infrastructure to sell power transmission business to Adani

🕔Oct 21, 2016

Reliance Infrastructure has announced the agreement with Adani Transmission to sell its power transmission assets in India. 

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India Infrastructure Fund II to acquire 24 MW wind project

India Infrastructure Fund II to acquire 24 MW wind project

🕔Oct 19, 2016

Jindal Steel & Power Ltd (JSPL) has agreed to to divest its wind power project at Satara in Maharashtra to India Infrastructure Fund II managed by IDFC Alternatives. Details of the transaction has not yet been disclosed.

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