Japan's Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Japan’s Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Orix Corporation, a Japan-based financial services group, announced that it had signed a framework agreement with renewable energy project developer Greenko Energy Holdings, to acquire approximately 20% of its shares ...
/ / Finance and M&A, Solar
SECI Announces 100 MW Solar Tender with Battery Energy Storage in Chhattisgarh

SECI Announces 100 MW Solar Tender with Battery Energy Storage in Chhattisgarh

The Solar Energy Corporation of India (SECI) has invited bids for a 100 MW (AC) solar power project along with a 50 MW/150 MWh battery energy storage system (BESS). The ...
/ / Solar, Tenders & Auctions
Andhra_ Bids Invited for Detailed Report to Set Up 6.3 GW of Pumped Storage Hydro Projects

Andhra: Bids Invited for Detailed Report to Set Up 6.3 GW of Pumped Storage Hydro Projects

The New and Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) has invited bids for preparing a pre-feasibility report and a detailed project report (DPR) for the proposed 6.3 ...
/ / Other, Renewable Energy
Weekly Wrap-Up_ Jinko Achieves New Efficiency Record, Greenko to Modernize Wind Turbines

Weekly Wrap-Up: Jinko Achieves New Efficiency Record, Greenko to Modernize Wind Turbines

Here are some noteworthy company announcements from the week:  Qatar General Electricity and Water Corporation (KAHRAMAA) has announced the successful financial closure for the 800 MW solar project Siraj-1. According ...
/ / Other, Renewable Energy
Andhra Pradesh Approves Greenko’s 1000 MW Solar, 550 MW Wind, and 1200 MW Storage Project

Andhra Pradesh Approves Greenko’s 1 GW Solar, 550 MW Wind, and 1.2 GW Pumped Storage Project

The Government of Andhra Pradesh has approved the establishment of an integrated renewable energy project (IREP) at Pinnapuram village in Kurnool district by Greenko Energies Private Limited. As part of ...
Greenko Seeks EPC Contractors for a 1,260 MW Pumped Hydro Storage Project in Karnataka

Greenko Seeks EPC Contractors for a 1,260 MW Pumped Hydro Storage Project in Karnataka

Greenko Solar Energy Private Limited has invited bids for the installation of electro-mechanical equipment from the main inlet valve to a 400 kV gas-insulated switchgear at one of its project ...
/ / Other, Renewable Energy
SECI’s 1,200 MW Wind Tender Receives Bids Totaling 2,190 MW

Opposing PPA Reviews, Renewable Developers Move High Court Against Andhra DISCOM

After the state distribution company (DISCOM) issued letters to entities and developers to revise tariffs for solar and wind projects which already have power purchase and sale agreements (PPAs and ...
SECI & NTPC Say No to Andhra DISCOM’s Request to Renegotiate Solar Tariff

SECI & NTPC Say No to Andhra DISCOM’s Request to Renegotiate Solar Tariff

The future of solar photovoltaic (PV) project development in Andhra Pradesh appears gloomy amid an apparent disconnect between the developers and the state. After the state distribution company (DISCOM) issued ...
Andhra Pradesh’s Decision to Renegotiate Solar and Wind PPAs Sets Bad Precedent

Andhra Pradesh’s Decision to Renegotiate Solar and Wind PPAs Sets Bad Precedent

In a surprise announcement on July 1, 2019, the Andhra Pradesh government said it was going to review the power purchase agreements (PPAs) signed between the state’s electricity distribution companies ...
Greenko Gets Stay Order on Andhra Pradesh’s Move to Revise Solar Tariff

Greenko Gets Stay Order on Andhra Pradesh’s Move to Revise Solar Tariff

The Appellate Tribunal for Electricity (APTEL) has put a stay order on the implementation of Andhra Pradesh Southern Power Distribution Company (APSPDCL)’s letter seeking a revision in the power purchase ...
Greenko Raises $495 Million to Invest in 2.4 GW of Energy Storage Projects

Greenko Raises $495 Million to Invest in 2.4 GW of Energy Storage Projects

General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA) have signed an agreement to invest $495 million as primary equity in Greenko Energy Holdings (Greenko), a renewable energy project ...
ACME, Adani, Essel Were the Top Solar Project Developers in India in 2018

ACME, Adani, Essel Were the Top Solar Project Developers in India in 2018

In 2018, ACME, Adani, and Essel were the top three developers of utility-scale solar projects in India in terms of installed capacity and accounted for 27% of installations in the ...
SECI Tenders 2 GW of ISTS-Connected Wind Projects under Tranche-V

Siemens Acquires 46% Equity in Greenko’s Poovani Wind Project in Tamil Nadu

Greenko Group has signed an agreement with Siemens Financial Services (Siemens) for 46 percent equity investment in its 200 MW Poovani wind power project in Tamil Nadu. This is the ...
/ / Other, Wind
Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

The Greenko Group has entered into a definitive purchase agreement to acquire Skeiron Green Renewables. The deal will add approximately $200 million to Greenko’s EBITDA  (Earnings Before Interest, Tax, Depreciation and Amortization) in ...
/ / Finance and M&A, Solar
Greenko to Raise $447 Million in Equity Funding

Greenko to Raise $447 Million in Equity Funding

Greenko Energy Holdings, a renewable energy project developer, has signed a definitive agreement for raising primary equity of $447 million from an affiliate of GIC and a wholly owned entity ...
Greenko Acquires Orange Renewables in a Billion-Dollar Deal

Greenko Acquires Orange Renewables for $1 Billion

The Greenko Group has acquired Orange Renewables in a billion-dollar deal. The deal is for an enterprise value of approximately $1.02 billion, which includes $680 million of debt which will ...
Greenko and Adani Named Top Project Developers in India in 2017

Greenko and Adani Named Top Solar Project Developers in India in 2017

Solar installations in 2017 came to 9,629 MW, more than double the 4,313 MW installed in 2016, making 2017 the best year for solar installations in India, according to Mercom ...
2017 India Solar Market Leaders Revealed After a Record Year

2017 India Solar Market Share Leaders Revealed After a Record Year

India emerged as the third largest solar market in the world behind China and the United States after a record 9.6 GW of solar installations in 2017 - more than ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017

Indian Solar Sector Received Over $10 Billion in Financing During 2017

In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
/ / Finance and M&A, Solar
Greenko Interview: Recent Low Wind Tariffs Cannot be Compared with Solar

Greenko Interview: Recent Low Wind Tariffs Cannot be Compared with Solar

The introduction of reverse auctions in the wind sector is making the power generation source increasingly competitive with solar and thermal power in India. In a recently concluded 500 MW ...
/ / Markets & Policy, Solar
Greenko Raises $461 Million Through Sale of Rupee-Denominated Bonds

Greenko Raises $461 Million Through Sale of Rupee-Denominated Bonds

Greenko, a renewable energy project developer, raised ₹30 billion (~$461 million) through the sale of onshore rupee-denominated bonds. The bonds will mature in 2027. The bonds have a call option ...
/ / Finance and M&A, Solar
Mercom Interview with NEXTracker

India’s Solar O&M is Drawing in Large Global Players like NEXTracker

The more than 15 GW of solar capacity installed in India will require quality operation and maintenance (O&M) services, paving way for large global players to enter the market. The ...
/ / Markets & Policy, Solar
Solar Power Plant

Tata Power and Adani Top the List of India Solar Project Developers

As utility-scale solar in India takes off, two large power conglomerates – Tata Power and Adani – are leading project development activity. Cumulative large-scale solar installations reached ~13.6 GW in ...
/ / Markets & Policy, Solar
Top 20 Developers Account for Almost 60 percent of all Operating Large-Scale Solar Projects in India

Top 20 Developers Account for Almost 60 percent of all Operating Large-Scale Solar Projects in India

Utility scale solar in India has seen exponential growth over the past two years with 4.3 GW of solar installed in calendar year 2016. India’s total installed solar capacity is ...
/ / Solar, Utility Scale
Kurnool

India to Add 1 GW of Solar By the End of April at Kurnool Solar Park in Andhra Pradesh

350 MW is Operational; 650 MW to be Commissioned The entire Kurnool Ultra Mega Solar Park of 1,000 MW capacity is expected to be connected to the grid by the ...
/ / Solar, Utility Scale