subsidiary

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NLC India Incorporates a New Subsidiary to Manage Renewables Business

Government-owned mining and power generating company NLC India has incorporated a new wholly-owned subsidiary, NLC India Green Energy (NIGEL), to take care of its...

October 17, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Indian Oil Forms Subsidiary to Expand Green Energy Businesses

Government-owned oil marketing company Indian Oil Corporation (IOC) has said it would consolidate its current green assets under one umbrella to bolster the expansion...

March 16, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Adani Green to Acquire 50% Stake in Rajasthan-based Solar Park Developer

Adani Renewable Energy Two, a wholly-owned subsidiary of Adani Green Energy (AGEL), said it has signed a binding agreement to buy 50% equity interest in Essel Saurya...

January 18, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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Tata Power Secures ₹4.5 Billion Financing for 220 MW Solar Projects

Tata Power has secured a ₹4.5 billion (~$54.3 million) trade finance facility from Japan-based Mitsubishi UFJ Financial Group (MUFG) for two solar projects. The funds...

December 23, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Suzlon Sells Balance Stake in Subsidiary Vayudoot Solarfarms for ₹142.3 Million

Wind turbine maker Suzlon has approved the sale of its remaining stake of 51.05% in the subsidiary Vayudoot Solarfarms to Ahmedabad-based Aries Renewables on December 3,...

December 6, 2022

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Gourav Mishra

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Finance and M&A

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Wind
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Daily News Wrap-Up: SJVN to Form Renewable Energy Subsidiary

Here are some noteworthy cleantech announcements of the day from around the world: SJVN has approved forming a 100% subsidiary company to develop renewable energy, small...

November 16, 2021

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Arjun Joshi

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Other

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Renewable Energy
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Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Exide Industries Limited, an Indian battery manufacturer, said that it invested ₹331.7 million (~$4.49 million) in its subsidiary Exide Leclanche Energy Private Limited...

November 26, 2020

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Harsh Shukla

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Finance and M&A

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Other
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Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV

Tata Power International Pte Ltd (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has acquired a 10% equity stake in Adjaristqali Netherlands B.V. (ABV)...

May 21, 2020

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Anjana Parikh

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Finance and M&A

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Other
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Suzlon’s Outstanding Debt Reaches ₹127.85 Billion

Renewable energy company Suzlon Energy Limited has disclosed an outstanding debt of ₹127.85 billion (~$1.8 billion), according to the company’s Bombay Stock Exchange...

January 9, 2020

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Anjana Parikh

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Finance and M&A

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Other
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ONGC Issues Tender for 5 MW of Solar Projects at its Hazira Site in Gujarat

The Oil and Natural Gas Corporation Limited (ONGC), a government-owned oil and gas company, has floated a 5 MW tender along with seven years of operation and maintenance...

January 8, 2020

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Anjana Parikh

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Solar

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Tenders & Auctions
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IL&FS Sells Seven Wind Power Subsidiaries Totaling 873 MW to Japan’s Orix

Orix, a financial services group headquartered in Tokyo, has announced that it will acquire 51% stake in seven wind power generating subsidiaries which it jointly owns...

August 16, 2019

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Anjana Parikh

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Other

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Wind
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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...

June 5, 2018

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Nitin Kabeer

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Finance and M&A

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Solar

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