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IDFC Alternatives eyes First Solar’s $200 mn assets in India

According to reports, IDFC Alternatives is reported to be looking to buy First Solar’s 200 MW of renewable power assets in India in a deal potentially valued at around $200 million. IDFC Alternatives, the asset management arm of the infrastructure-focused lender, is currently in talks to buy First Solar’s 200 megawatts (MW) of renewable power assets in India, a Mint report said quoting two people close to the development. First Solar, a US-based photovoltaic (PV) panel maker, was one of the ... Read More »

India solar transactions top global fund raise of $3.2 billion so far in 2017: report

According to reports, Indian renewable energy companies have raised over $1.62 billion during the first quarter of 2017 in transactions ranging from venture capital (VC) funding, debt financing, project funding and merger and acquisitions (M&A), according to data from Mercom Capital Group Llc., a global clean energy consulting firm. Transactions in Indian solar and renewable energy companies made up for nearly half of the total global funding raised by solar companies around the world in the first three months of ... Read More »

Orient Green jumps on pact with IL&FS

According to reports, Orient Green Power Company rose 3.68% to Rs 10.14 at 14:17 IST on BSE after the company extended exclusivity pact with IL&FS for merger of wind businesses. The announcement was made during trading hours today, 13 April 2017. Meanwhile, the S&P BSE Sensex was down 108.14 points, or 0.36% to 29,535.34. On the BSE, 1.11 lakh shares were traded in the counter so far, compared with average daily volumes of 1.38 lakh shares in the past one ... Read More »

GST, a big blow to clean energy financing

According to reports, it was India’s carbon tax; it was thought to be a source of funding clean energy projects, to combat climate change. Now it is being thrown out of the window. In the last six years, government of India has collected around Rs. 54,000 crore by levying a cess on every tonne of coal mined or imported. When it was introduced in 2010 by the then finance minister, Pranab Mukherjee, it was Rs. 50 a tonne. It was ... Read More »

French company Solairedirect makes history, again

According to reports, French company Solairedirect, which won the rights to put up 250 MW of solar plants and sell power to NTPC Ltd at a record-low tariff of Rs. 3.15 a kWhr in the auction process that concluded on Tuesday, has created history in India for the second time. On December 2, 2011, Solairedirect had hit the headlines by winning 5 MW of capacity rights by quoting a then record low tariff of Rs. 7.49 a kWhr – a ... Read More »

Energy efficiency 2.0

According to reports, the bygone financial year has left behind a trail of milestones —10 GW of solar installations, 30 GW of wind and 50 GW of all renewable energy (which includes small hydro and biomass). These milestones have been duly recognised and celebrated. However, there is one more, which has gone unnoticed. Towards the end of 2016-17, India had saved enough through its energy efficiency measures to free up 10 GW of capacity during peak hours — there is ... Read More »

Mytrah Energy in talks to raise Rs1,800 crore from Piramal Capital SFG

According to reports, Hyderabad-based renewable energy producer Mytrah Energy India Pvt. Ltd is in advanced talks to raise Rs1,800 crore in structured debt funding from Piramal Capital’s structured finance group (SFG), two people directly aware of the development said on condition of anonymity. According to them, the deal is at a term-sheet level and will be one of the largest structured debt investments by Piramal group till date. Mytrah plans to use the funds to refinance its debt and provide ... Read More »

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