Renewable energy investment in just four months exceeds FY2021 figures
The Indian renewable energy sector received an investment of US$6.6 billion between April and July 2021, beating the total for the previous financial year.
ReNew Power to acquire 359 MW of solar, hydropower assets
The Haryana-based developer has agreed to acquire 260 MW of operating solar projects in Telangana and a 99 MW hydropower project in Uttarakhand for around INR 28.5 billion (US$ 384 million).
Canada’s OMERS Infrastructure to buy 19.4% stake in Azure Power
The transaction expands Canadian pension plan’s investment in clean energy, consistent with its long-term strategy to increase footprint in this growing sector.
Torrent Power acquires 50 MW solar assets from Lightsource BP
The PV plant is situated in the Solapur district of Maharashtra. It benefits from a 25-year power purchase agreement with Solar Energy Corporation of India Limited at a fixed tariff of INR4.43 per unit.
IFC makes $126 million equity investment in India’s Federal Bank
The equity investment is expected to see Federal Bank increase the financing for green projects including energy efficiency, renewable energy, climate-smart agriculture, green buildings, and waste management.
Fourth Partner Energy acquires 8.9 MW solar portfolio from Statkraft
The acquisition is in line with the Hyderabad-based corporate solar developer’s plan to ramp up. For Norwegian developer Statkraft, the selloff is part of its strategic plan to exit the distributed solar segment in India and focus on developing large-scale projects.
IndiGrid acquires 100 MW solar assets from Fotowatio Renewable
With this, India Grid Trust (IndiGrid) has become the first infrastructure investment trust in India to acquire renewable energy assets. The acquisition of 100 MW solar assets from the Spanish developer was done at an enterprise value of INR 6.6 billion.
Mahindra & Mahindra signs solar PPA with ReNew Sunlight
The company will purchase power from a 58 MW captive solar plant to be developed by ReNew Sunlight, a step-down subsidiary of ReNew Power.
Sangam completes sale of 24 MW solar assets to Aditya Birla Renewables
The Mumbai-headquartered commercial and industrial solar solutions provider has divested its entire stake (51%) in the 24 MW operational PV assets for INR 41.60 crore.
Now Acme gets Brookfield for a 450 MWp solar project in Rajasthan
After raising equity investment for a 250 MW project, the Indian developer has signed a deal with Brookfield Renewable to develop a 450 MW solar project in Rajasthan.
