Tag: renewable energy in india

JSW Hydro Energy raises $707 million through green bonds

JSW Hydro Energy raises $707 million through green bonds

May 12, 2021 |

SW Hydro Energy has announced that it has raised $707 million through green bonds. The pricing, tenure, and other terms of the notes have also been approved by the finance committee of the company’s board of directors. The settlement date of the notes is May 18, 2021, and will mature exactly ten years on. The notes will accrue an interest rate of 4.125 per cent per annum from the date of settlement to maturity. The proceeds from the sale will go into repaying the company’s existing renewable energy loans. The announcement is the largest green bonds sale by a domestic issuer this financial year.

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Indian Energy Exchange announces cross-border electricity trade across South Asia

Indian Energy Exchange announces cross-border electricity trade across South Asia

April 20, 2021 |

The Indian Energy Exchange (IEX) has introduced cross-border electricity trade (CBET) on its platform. The initiative is a step towards building an integrated South Asian regional power market. Nepal was the first country to avail the benefit of buying day ahead power from the power exchange through NVVN Limited. It was also reported that increased efforts will be made to improve power trade in Bhutan and Myanmar in the future

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Total to acquire a 20% minority interest in India-based Adani Green Energy

Total to acquire a 20% minority interest in India-based Adani Green Energy

January 18, 2021 |

Energy giant Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group, India’s leading infrastructure platform. This transaction is the latest development in the strategic alliance between the two parties. With this latest acquisition, Total will have a seat on the Board of Directors of AGEL.

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Senvion sells Indian unit to Dubai-based investor

Senvion sells Indian unit to Dubai-based investor

December 3, 2020 |

Dubai-based Global Renewable Energy Development Holding Company Limited (GREDHCL) has agreed to terms with Senvion GmbH for the acquisition of its Indian operations, Senvion India. The transaction will see GREDHCL acquiring complete ownership of Senvion India including its factory, installed O&M base and current ongoing projects, intellectual property rights in the Indian market, and its employee base of over 300 individuals.

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