UtpalBhaskar
Stories by UtpalBhaskar
India: Virescent Renewable Energy Trust raises $286.6m in debt
Recently, VRET raised $62 million in a round led by Alberta Investment Management Corp.
Unit of India’s RIL announces two clean energy deals in quick succession
RIL is buying REC Solar Holdings and a 40% stake in Sterling & Wilson.
Royal Dutch Shell in talks with India’s CESL to invest $500m
Talks have been on for a while, with the final term sheet expected to be signed shortly.
Actis starts sale process for Sprng Energy, to appoint i-banker shortly
The move follows Actis’s earlier sale of Ostro Energy to ReNew Power in 2018 at an enterprise value of $1.5 billion.
India’s ReNew Power completes SPAC merger with RMG II
The new entity has an enterprise value of around $8 billion and an equity value of $4.4 billion.
India: Morgan Stanley hires Citi to find buyer for clean energy firm CGE’s stake
Morgan Stanley owns around 83% stake in Continuum Green Energy, which has wind and solar power assets.
PE firm Actis eyes GIP’s Indian clean energy platform Vector Green Energy
The potential deal is expected to have an equity value of around $300m.
Canadian pension fund OMERS to buy 19.36% in Azure Power Global
Canadian pension funds have been placing significant India bets and represent the so-called patient capital.
India’s Reliance Industries looks to acquire Norwegian solar module maker REC
REC Group has an annual solar panel production capacity of 1.8 GW.
India: Cleantech Solar promoters in talks to sell majority stake
The potential transaction may rank among the largest so far in India’s solar rooftop space.
