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Actis in talks to promote new renewable energy platform, after Ostro success

According to reports, inspired by the success of its existing Indian renewable energy platform, Ostro Energy, global private equity fund Actis Llp now plans to promote another green energy platform. Accordingly, it has initiated talks with SolarArise India Projects Pvt. Ltd. In the process the global private equity fund is signalling that it sees enormous opportunity in the emerging green economy in the country. Ostro Energy is among the energy platforms that Actis has created globally, following Globeleq Meso America ... Read More »

Madhya Pradesh woos global investors with mega solar project

According to reports, the world’s largest solar power plant, coming up in Madhya Pradesh, has caught the interest of clean energy companies from around the world. Twenty leading firms, including Italy’s Enel Green Power SpA, SoftBank-promoted SBG Cleantech Ltd, Canadian Solar Energy Holding, Singapore3 Pte Ltd and Green Infra Wind Power Project Ltd, promoted by Sembcorp Industries Ltd, have expressed interest. “The 20 firms will bid for three units of 250 megawatts (MW) each that make up the project in ... Read More »

12.88 lakh RECs traded in January: IEX

According to reports, power exchange IEX today said that a total of 12.88 lakh renewable energy certificates (RECs) were traded in January. “A total of 12.88 lakh RECs were traded in the REC trading session held on January 25, 2017 at IEX,” it said in a statement. Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under RPO mandated by central/state regulatory commissions. RECs are aimed at providing ... Read More »

Orient Green Power enters into SPA

According to reports, Orient Green Power Company,  has entered into a Share Purchase Agreement with Sindicatum Captive Energy Singapore Pte., at a consideration of Rs 81 crore. The stock of the company in the last one year has fallen by 21.63%. Four Mutual Fund houses have invested in the stock of the company, which are Reliance, Edelweiss, Escorts and Sahara Mutual Fund. The company is the largest operator and developer of renewable energy power plants in India, which are based on ... Read More »

How brightly will the sun shine when budget 2017 comes out?

According to reports, “Our stated policy is to avoid sudden surprises and instability in tax policy”, the finance minister famously said in his 2015 budget speech. It is ironical that the country witnessed the biggest surprise in many decades in the form of demonetisation announcement on November 8, 2016. For the renewables energy, it has been a fairly consistent and bullish story, especially as far as the solar sector is concerned. Not only did we touch 10 GW installed capacity ... Read More »

Govt approves Rs 5,000 crore for grid connected solar rooftops up to 2020

According to reports, the New & Renewable Energy sector has witnessed the highest ever-solar power and wind power capacity addition over the last two years since April 2014, and there has been an increase of 157% in solar power capacity addition (4132 MW) during the last two years, according to a government report. The year 2015-16 recorded the highest ever wind power capacity addition of 3300 MW in 2015-16. Also, 34 solar parks of aggregate capacity of 20,000 MW have ... Read More »

Green Investment Bank, Oman SGRF eye stake in Leap Green Energy

According to reports, State General Reserve Fund of Oman (SGRF) and UK Green Investment Bank Plc. (GIB) are in separate talks to acquire a stake in JPMorgan-backed Leap Green Energy Pvt. Ltd, four people familiar with the development said. SGRF manages the oil and gas revenues of the energy-rich Oman and has a diversified portfolio in 25 countries. GIB is UK government owned and finances green projects. Mint reported on 18 August 2015 that JPMorgan Asset Management Holdings Inc., the investment ... Read More »

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