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Seci invites bids for 2,400 MW renewable energy generation plants

Tuesday, January 1, 2019, 9:59 AM

The state-run Seci has invited renewal energy companies to put forward bids for setting up wind and solar plants of 1,200 MW each. The FY19 renewable capacity addition target had been set at 15,600 MW, comprising 10,000 MW and 4,000 MW of wind and solar, respectively. About 11,778 MW of renewable power was added in FY18, failing to achieve the target of 14,500 MW.
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Macquarie looks to buy Canadian Solar's India business

Tuesday, November 13, 2018, 9:05 AM

Sydney-based infrastructure asset management group Macquarie Group Ltd is looking to acquire the solar-power assets of Canadian Solar in India, said two-people close to development, requesting anonymity. Macquarie's decision comes at-a-time when access to funds for renewable energy is drying-up in India. Ontario-based Canadian Solar is a global energy provider with subsidiaries in 20 countries. It is a leading manufacturer of solar photovoltaic modules.
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ACME Solar appoints Barclays, JPMorgan for private InvIT

Wednesday, October 31, 2018, 8:01 AM

Renewable energy company ACME Solar Holdings Ltd has hired two investment banks as the company looks to start work on its proposed infrastructure investment trust (InvIT) amid a prolonged delay in a IPO, said two people aware of the development. InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing in infrastructure projects.

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