REC sanctions Rs 6,075 cr for Greenko's 1440 MW pumped storage project
The non-banking financial company and infrastructure finance company (NBFC-IFC) is also in advanced discussions with Greenko for funding multiple clean energy projects.
The non-banking financial company and infrastructure finance company (NBFC-IFC) is also in advanced discussions with Greenko for funding multiple clean energy projects.
India is in a sweet spot to witness heightened M&A activity in the coming years in the clean energy sector through a combination of global and domestic capital actively scouting for opportunities across the entire value chain.
Domestic power producers account for nearly 80 per cent of India’s green bonds from January 2014 through March 2023, with Greenko, ReNew and Continuum being the top issuers.
Discussions have advanced with both parties and Greenko is expected to select one of the two energy majors for now, the people mentioned above added. Once concluded, this will be the biggest overseas investment in a green ammonia and hydrogen project till date in India.
A non-binding MoU has been signed with the Government of Andhra Pradesh for development of a hydrogen hub near Visakhapatnam
The term sheet was signed in the presence of Mohit Bhargava, CEO (NTPC Renewable Energy Ltd), Anil Chalamalasetty, founder and MD, Greenko and other senior officials from NTPC REL, it stated.
CPPIB, which has already been consolidating its shareholding in the Nasdaq listed company, through the tender offer is planning to take the company private, they added.
These papers, linked to a "restricted group" of 500MW of renewable assets and issued in 2015, are among the first high-yield bond instruments from India.
Greenko and Uniper to negotiate a purchase agreement for 250,000 tpa of green ammonia
The speedy development of PSPs is a necessity for achieving the highly ambitious 2030 targets, and success on this front would take India to the global frontier in the deployment of energy storage.
This is for India’s first green ammonia plant to be commissioned by 2024