ReNew to sell 1GW plants at $1bn enterprise value
2 years, 1 month ago

ReNew to sell 1GW plants at $1bn enterprise value

Live Mint  

New Delhi: ReNew Energy Global Plc is looking to sell 1 gigawatt of its operational clean energy capacity at an enterprise value of around $1 billion as part of the company’s capital recycling strategy, two people aware of the development said. Ltd is among the earliest entrants in India’s green economy and, in August last year, merged with Nasdaq-listed special purpose acquisition firm RMG Acquisition Corp. II, to form a new entity, ReNew Energy Global. As reported by Mint earlier, global oil major BP Plc, Norway’s state-run electricity firm Statkraft, and New York-based I Squared Capital are in the fray to buy Continuum Green Energy Pvt. Ltd, and Singapore’s Sembcorp Industries Ltd’s subsidiary Sembcorp Green Infra Ltd, have signed an agreement with US private equity firm Global Infrastructure Partners to acquire its clean energy platform, Vector Green Energy.

India Green Energy Renew Enterprise Value Renew Energy Global Energy Pvt  plants  green  energy  pvt  stake  renewable  firm  1bn  india  capacity  sell  enterprise  value  1gw  renew

History of this topic

Enel India deal on the final stretch
1 week ago

Enel India deal on the final stretch

Live Mint  

Strategic and financial investors JSW Group, Stonepeak Infrastructure Partners and Waaree Energies have submitted binding bids for Enel Group’s renewable energy business in India. The deal is likely to value the Italy-based group’s portfolio of wind and solar power assets at equity of $350-400 million, said three people with knowledge of the development, who asked to remain anonymous. Pipeline of …

Investors eye stake buy in BluPine Energy in heated M&A market
1 week, 1 day ago

Investors eye stake buy in BluPine Energy in heated M&A market

Live Mint  

Mumbai: Investors are queuing up for a piece of BluPine Energy, a renewable power platform incorporated in India by London-based global private equity firm Actis Capital in mid-2021, according to four people aware of the matter who spoke on condition of anonymity. “We would like to state that the information regarding Actis exploring divestment from BluPine Energy is misleading and …

India's ReNew Energy offered to be taken private in $2.82 billion deal
1 week, 6 days ago

India's ReNew Energy offered to be taken private in $2.82 billion deal

The Hindu  

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a proposed deal that values the generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, chairman Sumant Sinha and a unit of the Abu Dhabi Investment …

NTPC Green Energy IPO subscribed 33%, retail portion booked 1.33x on Day 1; Check GMP, other details
1 month ago

NTPC Green Energy IPO subscribed 33%, retail portion booked 1.33x on Day 1; Check GMP, other details

Live Mint  

NTPC Green Energy Limited's initial public offering, through a book-building process, offers a fresh issue of 92.59 crore shares. NTPC Green Energy IPO GMP today As of November 19, the State-owned NTPC Green Energy Limited's initial public offer has a grey market premium of ₹1.15 per share. NTPC Green Energy IPO Details NTPC Green Energy Limited is a wholly-owned subsidiary …

NTPC Green Energy's ₹10,000 crore IPO: Date, details, projects, things to know
1 month, 1 week ago

NTPC Green Energy's ₹10,000 crore IPO: Date, details, projects, things to know

Hindustan Times  

The ₹10,000-crore initial public offering of NTPC Green Energy Limited will open up for subscription on November 19, 2024, with a price band of ₹102-108 per share. The company will use ₹ 7,500 crore from the IPO proceeds to repay debts of subsidiary NTPC Renewable Energy and the remaining for general corporate purposes Important details of the NTPC Green Energy …

ONGC-NTPC combine wins exclusivity to close $800 million Ayana stake sale
1 month, 2 weeks ago

ONGC-NTPC combine wins exclusivity to close $800 million Ayana stake sale

Live Mint  

NEW DELHI : State-run Oil and Natural Gas Corp. Ltd and NTPC Ltd have been given exclusive rights to acquire a majority stake in National Investment and Infrastructure Fund Ltd -backed Ayana Renewable Power Pvt. To boost their new and renewable energy play, NTPC and ONGC have announced a joint venture company through their green energy subsidiaries—NTPC Green Energy Ltd …

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 & …

India’s renewable energy target may prove elusive without course correction
3 months, 2 weeks ago

India’s renewable energy target may prove elusive without course correction

Live Mint  

India’s energy transition will be centred around the use of solar photovoltaic technology for at least the next 25 years. Though this information is not yet available in the public domain, it is estimated that Solar Energy Corporation Of India and other RE implementing agencies have about 18GW of ‘unsold inventory.’ Discoms in India face three major difficulties: huge uncertainty …

Spain's Zelestra plans $5 bn investment to set up 10 GW green power capacity
3 months, 2 weeks ago

Spain's Zelestra plans $5 bn investment to set up 10 GW green power capacity

Live Mint  

New Delhi: Spain’s Zelestra plans to invest $5 billion in India to build 10GW of wind and solar power capacity by the end of the decade, a top executive said, doubling its previous target of achieving 5GW by 2026. The company, backed by private equity firm EQT, may also enter India’s lucrative commercial and industrial sector as part of the …

Premier Energies Rs 2,830 Crore IPO Opens On August 27
4 months ago

Premier Energies Rs 2,830 Crore IPO Opens On August 27

Deccan Chronicle  

Mumbai: Hyderabad, Telangana based solar cell and module manufacturer Premier Energies announced Rs 2,830 crore initial public offering in the price band of Rs 427 to Rs 450 per equity share of Rs 1 face value.The public issue opens on August 27 and closes on August 29, 2024. The company is India’s second largest integrated solar cell and module manufacturer …

L&T to build 2 GW solar PV plant in Middle East
5 months, 2 weeks ago

L&T to build 2 GW solar PV plant in Middle East

Hindustan Times  

The Renewable energy arm of Larsen & Toubro has secured a mega energy project in the Middle East, the company informed the exchange in a filing on Monday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The company stated that it will build two Gigawatt Scale Solar PV plants with a leading developer in the Middle East. Now, with the fresh mega orders from …

U.S. agency approves USD 425 million financing for Tata Power’s solar cell, module manufacturing plant in T.N.
1 year, 3 months ago

U.S. agency approves USD 425 million financing for Tata Power’s solar cell, module manufacturing plant in T.N.

The Hindu  

The U.S. International Development Finance Corporation’s board has approved a provision of up to USD 425 million in financing for Tata Group’s upcoming greenfield 4.3 GW solar cell and module manufacturing plant, in Tirunelveli. TPREL is a subsidiary of Tata Power Company Limited The plant’s first module production is expected by the end of the year, and the first cell …

Sembcorp eyes ReNew’s green energy projects
1 year, 5 months ago

Sembcorp eyes ReNew’s green energy projects

Live Mint  

NEW DELHI : Singapore’s Sembcorp Industries Ltd is in talks to acquire green energy projects totalling 1.1 gigawatts from ReNew Energy Global Plc, with the deal estimated to be valued at $1.2 billion at the enterprise level and around $450 million in terms of equity, two people familiar with the development said. Sembcorp and Torrent Power had been vying for …

ReNew plans ₹35,000 cr capex over 18 months: CEO
1 year, 10 months ago

ReNew plans ₹35,000 cr capex over 18 months: CEO

Live Mint  

New Delhi: ReNew Energy Global Plc, one of India’s largest clean energy developers with a 13.4GW portfolio and 7.7GW commissioned capacity, plans to invest ₹35,000 crore in capital expenditure over 18 months. In an interview, founder chairman and chief executive Sumant Sinha spoke about ReNew’s capital recycling strategy, enough equity availability to build projects in its portfolio, and India’s strong …

14 renewable energy producers show interest as PTC seeks EoIs for 1,000 MW green energy
2 years, 1 month ago

14 renewable energy producers show interest as PTC seeks EoIs for 1,000 MW green energy

Live Mint  

State-owned PTC India Ltd has received an interest of supply of 3500 MW of Renewable Energy from a total of 14 of the top RE producers against its Expression of Interest for procurement of 1000 MW for onward sale through market linked RE products. Most of the big domestic private players including Tata Power Renewable Energy Limited, Torrent Power Limited, …

Adani Green Energy completes SB Energy India acquisition
3 years, 2 months ago

Adani Green Energy completes SB Energy India acquisition

Live Mint  

Adani Green Energy Ltd has completed the acquisition of Japan’s SoftBank Group Corp.’s and Bharti Enterprises Ltd-owned solar power producer SB Energy India for an enterprise value of $3.5 billion, AGEL said in a statement on Monday. “Adani Green Energy Ltd, the world's largest solar power developer, successfully completed the acquisition of SB Energy Holdings Ltd in an all-cash deal …

Gail to bid for Seci tender; Q4 net down
3 years, 6 months ago

Gail to bid for Seci tender; Q4 net down

Live Mint  

NEW DELHI: As part of its green energy playbook, Gail Ltd. plans to bid for a 400-megawatt capacity along with Bharat Heavy Electricals Ltd in a state-run Solar Energy Corporation of India tender, said a top company executive on Wednesday. This comes in the backdrop of a change in global energy architecture, with India at the centre of oil majors’ …

India's ReNew Power To List On NASDAQ With $8 Billion Valuation
3 years, 10 months ago

India's ReNew Power To List On NASDAQ With $8 Billion Valuation

ABP News  

Mumbai: India's largest renewable energy producer ReNew Power has agreed to list on NASDAQ with an enterprise value of $8 billion as it decided to merge with the blank-check company RMG Acquisition Corporation II. The transaction would further bolster ReNew's leading position in solar and wind energy generation for the Indian market by funding medium-term growth opportunities and paying down …

ReNew Power looks at listing overseas
4 years, 2 months ago

ReNew Power looks at listing overseas

Live Mint  

ReNew Power Ventures Pvt. Ltd, one of India’s largest clean energy firms, is exploring an overseas listing, said two people aware of the plan that signals rising global interest in Indian green ventures. This initial public offering plan comes against the backdrop of Thailand’s PTT Group looking to acquire a stake from Goldman Sachs Group in ReNew Power and follows …

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