Ostro Energy, a prominent renewable Independent Power Producer (IPP), manages a diverse portfolio of wind and solar assets across India. To maintain the quality and profitability of this portfolio, Ostro requires rigorous, investment-grade evaluations that ensure each asset performs reliably and meets contractual obligations. Firstgreen supports this requirement through deep […]
“In the world of solar project development, securing long-term PPAs, minimizing costs, and ensuring optimal project performance are crucial for maximizing profitability. With the right exit strategy, developers can turn their hard work and investment into a profitable venture.” Solar developers in India have been able to create a profitable […]
Azure Power Global Limited has announced that its board of directors has appointed Ranjit Gupta as chief executive officer and a member of the Board, and Murali Subramanian as president, effective July 18. “I am excited to join Azure Power and look forward to getting started immediately,” said Gupta. “We […]
ReNew Power, which until recently was a major acquirer of renewable assets in India, has put 300 megawatts (MW) of solar assets on sale as the company tries to cope with rising uncertainty in the industry, two people aware of the development said. The move to raise capital through sale […]
American solar panel maker First Solar is exploring a potential sale of around 45 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of photovoltaic (PV) solar systems and has supplied solar panels worth over 20 […]
MUMBAI : In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts (GW) of non-fossil fuel power by 2022. With this, he more than doubled the initial target of 175GW of green energy that his own government had set […]
Tamil Nadu-based renewable energy company Leap Green Energy Pvt. Ltd is in talks with foreign investor EIG Partners to raise around $200 million through structured debt, said two people aware of the development. Leap Green, founded in 2006, is promoted by former Formula 1 driver Narain Karthikeyan’s family. Mint first reported in […]
Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake in Hyderabad-based Mytrah Energy as the alternative assets manager looks to make its first renewable investment of more than $1 billion in India, said three people aware of the development. Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake […]
The Solar Energy Corporation of India Limited (SECI) conducted India’s first auction of wind power projects in February 2017 in which tariff of `3.46 was discovered, which was much lower than feed in tariffs in vogue those days. This was a 1,000 MW bid for projects to be connected on […]
Private equity fund Actis LLP plans to set up a new firm to house its operational renewable energy assets in India, attracted by the nation’s growing green economy. Actis will likely accommodate the solar projects of Essel Group in the new firm that the private equity fund plans to acquire […]