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Renewable energy company Equis looking to exit Indian market

According to reports, Singapore-based renewable energy developer Equis Energy wants to sell its entire India portfolio, comprising green energy platforms Energon and Energon Soleq, two people aware of the development said. The sell-off plan, an indication of growing consolidation in India’s green energy sector, is part of Equis Energy’s strategic review of its Asian renewable energy portfolio. “Equis Fund has put up Energon and Energon Soleq for sale. It is seeing a lot of interest. The exercise is underway as part ... Read More »

Inox Wind gets ‘AA-’ rating for long-term bank facilities

According to reports, wind energy solutions provider Inox Wind on Wednesday said that rating agency Crisil has reaffirmed the ‘AA-’ rating for its long-term bank facilities. The rating agency has also reaffirmed ‘A1+’ rating for the company’s short-term bank loan facilities, it said in a BSE filing. “AA rating for long-term instruments is the second highest rating accorded by Crisil for long-term facilities and reflects high degree of safety regarding timely servicing of financial obligations and very low credit risk,” ... Read More »

Should India worry about rising solar trade deficits?

According to reports, India’s solar power programs started long back in the 1980s but the growth remained slow for a substantial part of the last three decades. As a result, India remained one of the laggards in terms of solar capacity addition and solar energy production. More importantly, domestic solar component manufacturing could not metamorphose due to inadequacy of proactive policy forming and implementation. The launch of Jawaharlal Nehru National Solar Mission (JNNSM) on 11 January 2010 provided much-needed impetus for ... Read More »

“GST is likely to increase solar power project costs by at least 10%”

According to reports, the GST regime will cause a tectonic shift in India’s taxation history. I foresee transparency in the business chain which will enable significant value creation for the Indian economy. While this might require a shift in mind-sets of companies – from the way they do business, to the fact that all channels will have to be digitalised at every stage – the goal is perfection in execution to achieve transformation. When one looks GST’s impact sector-wise, the ... Read More »

Russia’s Rosatom may acquire wind power projects in India

According to reports, attracted by the opportunities in India’s green energy space, Rosatom State Atomic Energy Corp. is planning to enter the country’s renewable energy sector. To start with, the Moscow-based Rosatom, through its unit JSC OTEK, may acquire wind energy projects in India. Rosatom, which has a partnership with state-run Nuclear Power Corp. of India Ltd (NPCIL) for the Kudankulam nuclear plant in Tamil Nadu, is also planning to set up small hydropower projects in the country. “They are ... Read More »

SoftBank’s India solar ambitions may gain from Modi’s EV push

According to reports, SoftBank Group is in talks with the Indian government to facilitate the use of renewable energy like solar to charge electric vehicles in the country, a senior executive at the Japanese group’s local unit informed. India is considering electrifying all its vehicles over the next 15 years, a plan that could boost SoftBank’s solar ambitions in the country if the government adopts renewable energy to charge the vehicles. SoftBank, which has said it will invest up to $20 ... Read More »

REC says over 10% lending this financial year will be in renewables

According to reports, as the country ‘s energy sector increases focus on renewable options, one of the main power finance companies, Rural Electrification Corporation (REC), expects its lending to the industry to grow significantly in the current financial year. “More than 10 per cent of our total lending this financial year would be in the renewable energy sector,” said P V Ramesh, chairman and managing director, REC. In 2016-2017, eight per cent of the total lending activity was towards the ... Read More »

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