Mytrah Energy India Pvt Ltd (MEIPL), an independent producer of renewable energy, is in advanced stages of talks for divestment of stake. According to unconfirmed reports, Brookfield Asset Management Company Inc of Canada, an active investor in various sectors in India, is engaged in parleys with the company to invest Read more…
Debt-laden Infrastructure Leasing & Financial Services (IL&FS) Monday said GAIL (India) has emerged as the highest bidder for its seven operating wind power plants. The bidding process to these assets having 12 sites spread across seven states was launched in November last year. “Gail’s offer of approximately Rs 4,800 crore Read more…
Private power producer Tata Power will lead the nation’s renewable energy transition with gradual withdrawal from building new coal fired power plants, a report said. The country’s largest private integrated power company has recently made it clear that it will cease to build new coal-fired power capacity, according to ‘Tata Read more…
CleanMax Solar, which provides renewable energy to companies, on Tuesday said that it has raised ₹275 crore in equity funding from UK Climate Investments LLP (UKCI). UKCI is a joint venture between the Green Investment Group and the UK government’s department for business, energy and industrial strategy, and is managed by Read more…
The domestic solar power capacity addition is expected to be nearly 7-7.5 GW (including around 1 GW of rooftop solar capacity) in FY2020, based on tendering and awards of projects in the last 12-15 months. Interestingly, solar capacity addition is estimated to have remained subdued at around 6-6.5 GW in Read more…
Renewable Watch recently interacted with Pitamber Shivnani, President, Power Grids, ABB India, regarding the role of digitalisation in the renewable sector, on the sidelines of GRIDTECH 2019. Excerpts from the conversation. What are the key transmission constraints in the renewable energy space in India? Well, geography for one. The sheer Read more…
The delay in the launch of the solar irrigation pump scheme which the Centre announced in the previous Budget has left States like Bihar with no option but increase diesel subsidy offered to their farmers. The Nitish Kumar-government in Bihar received nearly 23 lakh applications for diesel subsidy from farmers Read more…
Leading infrastructure investor Global Infrastructure Partners (GIP) is in advanced negotiations to buy the solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about $300 million (Rs 2,000 crore), multiple people aware of the development told ET. “Due diligence of solar assets by GIP Read more…
Existing market challenges for the stakeholders lead to the slow uptake of rooftop solar in the residential sector. For the consumers, high upfront cost, difficulty in accessing finance, lack of awareness, and lack of access to suitable roof spaces are some of the major challenges. The solar developers and financiers Read more…
Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. The ₹2,700 crore deal, which is expected to be completed later this month, marks Petronas’ foray into the global clean energy Read more…