Apollo Green Energy plans ₹1,500 crore capex to capitalize on India’s renewables push
1 month, 2 weeks ago

Apollo Green Energy plans ₹1,500 crore capex to capitalize on India’s renewables push

Live Mint  

Apollo Group’s engineering and construction arm plans to spend ₹1,500 crore to expand its capacity and undertake government and public-sector renewable energy projects, sourcing most of its capital expenditure requirement from an initial public offering next year. Apollo Green Energy Ltd, which ventured into the renewable sector less than a year ago, has secured orders worth nearly ₹2,830 crore, a majority of which are solar projects, chief executive Sanjay Gupta said in an interview with Mint. “So we’re very confident that in one year or maybe one-and-a-half years, we can quickly touch ₹10,000 crore.” To do that, Apollo Green Energy plans to capitalize on India’s aim to achieve 500 GW of renewable energy capacity by 2030. IPO agenda To procure funds for its ₹1,500 crore capital expenditure plan, Apollo Green planning to get listed on the bourses by Diwali next year.

India Energy Capital Projects Green Company Crore Gupta Renewable Apollo  capex  plans  energy  company  indias  solar  renewable  apollo  projects  capital  capacity  crore  push  renewables  green  capitalize

History of this topic

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi
6 days, 15 hours ago

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

Live Mint  

New Delhi, Dec 17 India's renewable energy capacity addition almost doubled to 15GW during the April-November period of this fiscal compared a year ago, indicating India's commitment towards the target of 500GW non-fossil capacity by 2030, Union New & Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing at CII International Energy Conference & Exhibition 2024 here, Joshi said, "In …

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm
2 months ago

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm

Live Mint  

NLC India is planning an IPO for its renewable energy arm, NLC India Renewables Ltd (NLCIRL), with a proposed size of ₹4,500 crore. The company will offload 51% of its shares to NLCIRL, with the remaining shares being distributed to shareholders. NLCIRL currently operates 1,380MW of solar power plants in the southern districts of Tamil Nadu and the Andaman & …

AP Attracts Rs 9.57L Crore Investments in Energy Sector in 2023
11 months, 3 weeks ago

AP Attracts Rs 9.57L Crore Investments in Energy Sector in 2023

Deccan Chronicle  

Vijayawada: Developmental Progress of Andhra Pradesh Power Sector touched peak in 2023 as state has attracted investments in energy sector worth Rs 9.57 lakh crore during the AP Global Investor Summit 2023 held in Visakhapatnam and among the MoUs signed, investment proposals worth Rs 52,015 crore were already grounded. He explained that in investments in the green energy sector, AP …

NLC India plans ₹24,000 crore solar investment by 2030: CMD
1 year, 5 months ago

NLC India plans ₹24,000 crore solar investment by 2030: CMD

Live Mint  

New Delhi: State-run NLC India Ltd plans to set up a step-down subsidiary to operate its new-age renewable energy businesses, including battery storage. In an interview, Prasanna Kumar Motupalli, chairman and managing director of the company, said that after the recent incorporation of its green energy arm, NLC India Renewables Ltd, the company is exploring the option of setting up …

‘India likely to have added over 15 GW of renewable energy capacity in FY23’
1 year, 8 months ago

‘India likely to have added over 15 GW of renewable energy capacity in FY23’

Live Mint  

India is likely to have added over 15 GW of renewable energy capacity in FY23 surpassing the level achieved in the previous fiscal, said Bhupinder Singh Bhalla, secretary, union ministry of new and renewable energy. As per its climate targets, India plans to achieve a total renewable energy capacity of 500 GW by 2030 and reach net zero carbon emission …

Budget 2023 | Major thrust planned for green energy
1 year, 10 months ago

Budget 2023 | Major thrust planned for green energy

The Hindu  

Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Green energy was among the ‘Saptarishi’ or seven guiding lights Ms. Sitharaman mentioned in her address that would steer India through …

Govt allocate ₹35,000 crore for energy transition, achieve net-zero by 2070
1 year, 10 months ago

Govt allocate ₹35,000 crore for energy transition, achieve net-zero by 2070

Live Mint  

The issue of climate change is slowly coming into mainstream policies of the government. Union Finance Minister Nirmala Sitharaman on Wednesday announced the allocation of ₹35,000 crore in the Union Budget 2023 as a priority capital investment toward energy transition. “Green Growth” is a separate category in this year's budget that talks about India's vision for energy transition and sustainable …

India’s energy future is looking green, report says
2 years, 2 months ago

India’s energy future is looking green, report says

Associated Press  

BENGALURU, India — India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030, enough to power up to 30 million more homes each year, a report said Thursday. The Institute for Energy Economics and Financial Analysis and Climate Energy Finance estimated that India, the third largest energy-consuming country in …

India's renewable energy capacity at 114 GW till June-end
2 years, 5 months ago

India's renewable energy capacity at 114 GW till June-end

The Hindu  

India's renewable energy capacity stood at 114.07 GW till June-end this year, while 60.66 GW of projects are under various stages of development, Parliament was informed on Tuesday. India has set a target of having 175 GW of renewable energy capacity, including 100 GW of solar and 60 GW of wind energy, by 2022. "Against the target of achieving 175 …

India needs $223 billion to meet 2030 renewable capacity goals: Report
2 years, 6 months ago

India needs $223 billion to meet 2030 renewable capacity goals: Report

The Hindu  

India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF. "To achieve this target, India needs to massively scale up funding for renewables," the report said, adding that $223 billion is required over the next eight years just to meet the solar …

Green energy developers steer clear of China funding links
4 years, 2 months ago

Green energy developers steer clear of China funding links

Live Mint  

Indian green energy promoters have told deal advisors to ensure there’s no China connection to inbound funds, according to several developers currently raising funds. Potential deals include Acme Solar looking to sell 4.84 GW of solar projects; Petroliam Nasional Bhd looking to acquire around 10% stake in Tata Power Renewable Energy Limited, in addition to investing in Tata Power renewable …

Discover Related