Kumar Mangalam Birla-controlled Aditya Birla Group, which tied up with private equity house Abraaj Group in 2015 for its renewable energy business, is said to be seeking a new investor for the business. Aditya Birla Renewables Ltd is a joint venture between the Birla Group and Abraaj, with Birla holdingContinue Reading
The tie-up between French energy giant Engie and Dubai-based private equity firm Abraaj Group to build 1,000 MW of wind energy projects in India, announced last September, has fallen through. The end of the alliance follows internal problems at Abraaj, the world’s largest private equity firm dedicated to developing economies.Continue Reading
India’s wind sector is transitioning from a feed-in tariff regime to tariff-based competitive auctions. While feed-in tariffs ensure a fixed price for wind power producers, wind power tariffs in India followed the solar route and hit a record low of Rs3.46 per kilowatt hour (kWh) in a February auction conductedContinue Reading
