Warburg Pincus Llc is exploring the sale of its stake in rooftop solar power company CleanMax Solar. A potential deal could rank among the largest in India’s green energy segment, where transaction activity continues unabated despite the coronavirus pandemic. People aware of the development said that Warburg may hire anContinue Reading
Firstly, it was Indian renewable energy developers and now even the lenders like SoftBank Group is looking to EXIT the renewable energy space as the performance of assets is hard hit due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. SoftBank Group is looking to sellContinue Reading
German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG), World Bank’s private-sector development arm International Finance Corporation (IFC) and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), are exploring a sale of their stakes in Azure Power, India’s first renewable energy company to list on the USContinue Reading
The country’s largest electricity trader, PTC India Ltd, is exploring the possibility of exiting its wind power business and is scouting for investors for this. This comes against the backdrop of India’s renewable energy tariffs hitting a record low. The country’s wind power tariffs plummeted to ₹ 2.43 per kilowatt-hourContinue Reading
