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Monthly Archives: July 2017

Finland’s Taaleri looking to buy solar power projects in India

According to reports, attracted by the opportunities in India’s solar energy space, Finland’s Taaleri Plc is evaluating assets for acquisition here. This interest by the Nasdaq Helsinki-listed firm is reflective of the trend wherein overseas firms have led the race on aggressive tariffs to secure renewable energy project contracts in India. Taaleri Solar Wind fund is Finland’s first equity fund to invest in overseas green energy assets. Taaleri’s India playbook follows the investment thesis adopted by other overseas investors such ... Read More »

Govt mulling hybrid green policy of wind, solar in same site

According to reports, the power ministry is considering a ‘hybrid policy’ that allows bidding for both wind and solar power projects at the same site. Union Minister of State for Power, Coal, New and Renewable Energy, and Mines Piyush Goyal said on Friday that officials are working on the model and a draft will be placed soon for discussion. Sources in the ministry said the policy will aim to make states partners in the project. “Currently, the policy is under ... Read More »

Future of renewable energy: Sunny investment climate for solar technology in India

According to reports, on May 12, 2017, India recorded its lowest-ever solar tariff of Rs 2.44/unit of electricity. That is a 73% fall since 2010, and compares favourably with India’s cheapest power source–coal, electricity from which now ranges between Rs 3/unit and Rs 5/unit. The new low solar cost was announced at a reverse auction–in which the role of buyer and seller is reversed and the seller with the lowest bid obtains the business–by the state-owned Solar Energy Corporation of India Limited (SECI) at the Bhadla ... Read More »

Suzlon Climbs as India Sets More Ambitious Wind Energy Tenders

According to reports, India set out plans to step up the pace of issuing contracts for electricity from wind farms, triggering a surge in the shares of one of the nation’s biggest maker of turbines. Suzlon Energy Ltd. climbed 3.5 percent in Mumbai after the government said it will tender more than 5 gigawatts of wind projects annually, a pace that will likely push installations past Prime Minister Narendra Modi’s target. “We seek to bring out projects for auctioning every ... Read More »

Engie in talks with Equis Energy to acquire green energy assets in India

According to reports, French energy company Engie is in talks with Singapore-based renewable energy developer Equis Energy to acquire projects from its India portfolio comprising green energy platforms Energon and Energon Soleq, two people with knowledge of the matter said. “Engie is looking to acquire selective assets of Equis Energy,” said one of the persons cited above requesting anonymity. “Given that the sell-off is part of a strategic review of projects across Asia, Equis may prefer someone with a global presence,” ... Read More »

ReNew eyes Orange’s portfolio in $950 million deal to bulk up before IPO

According to reports, Sumant Sinha led ReNew Power Ventures Pvt Ltd, a Goldman Sachs backed clean energy company — is in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, according to multiple officials in the know. Renew has already submitted a non binding offer and is conducting diligence, the sources add. Orange promoted by Singapore’s AT ... Read More »

Tata Power to invest $90m in renewable energy arm TPREL

According to reports, Tata Power Co. Ltd plans to invest around $90 million (close to Rs600 crore) in equity capital in its renewable energy arm Tata Power Renewable Energy Ltd (TPREL) as the company seeks to develop its immediate pipeline of 320 megawatts (MW) of solar assets, two people aware of the development said. TPREL currently owns around 2 gigawatts (GW) of solar and wind assets, including the assets that it acquired from Welspun Energy. In all, Tata Power owns over ... Read More »

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