Greenko Founders Secure $650 Million Loan to Reclaim Stake
Greenko Energy Holdings co founders Anil Chalamalasetty and Mahesh Kolli have clinched a $650 million private credit facility that will enable them to repurchase 17.5 per cent of the clean energy producer from Japan’s Orix Corp, leaving Orix with a residual 2.5 per cent.The two year loan comes from a consortium of lenders including Keppel Credit, SeaTown Holdings International, BlackRock, Varde Partners, Broad Peak Investment Advisers, Nomura and Sumitomo Mitsui Banking Corp. The transaction is one of India’s largest private credit financings this year, reflec..
Inox Neo Buys Skypower Solar India for Rs 2.65 Billion
Inox Clean Energy’s renewable arm, Inox Neo Energies, has completed the acquisition of Skypower Solar India at an enterprise value of about Rs 2.65 billion. The portfolio comprises a 50 MW (AC) / 57.5 MW (DC) solar plant in Khandwa district, Madhya Pradesh, commissioned in the 2018 financial year and backed by a 25 year power purchase agreement with Madhya Pradesh Power Management Company.Chief Executive Bharat Saxena said the project’s robust operating record makes it value accretive from day one and fits the group’s inorganic growth plan. The firm cont..
Adani Green Hits 15.5 GW Operational Capacity
Adani Green Energy Ltd (AGEL) announced on Monday that its total operational renewable energy capacity has reached 15.54 GW, comprising 11 GW of solar, 1.98 GW of wind, and 2.56 GW of hybrid (wind-solar) installations.The company said this combined capacity of 15,539.9 MW is capable of powering approximately 7.9 million households.Ashish Khanna, CEO of AGEL, reaffirmed the company's long-term commitment to clean energy, stating, “We aim to accelerate even faster from 15,000 MW to 50,000 MW by 2030, remaining steadfast in our mission to power India and the world with sustainable energy soluti..
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