Greenko Energy Holdings has emerged as the preferred buyer for Massachusetts-based NEC Energy Solutions in a deal potentially valued at around $300 million, said two people aware of the development. NEC Energy holds the intellectual property rights for megawatt-scale lithium-ion batteries. The development assumes significance and comes in the backdropContinue Reading
The Solar Energy Corporation of India (SECI) has successfully concluded world’s largest renewable energy-cum-storage tender. The agency allocated 1.2 gigawatts of renewable energy capacity among two of India’s leading developers. Greenko Energy Holdings and ReNew Power secured 900 megawatts and 300 megawatts of capacity in a first-of-its-kind renewable energy-cum-storage tenderContinue Reading
Greenko Group and overseas vehicles utilities are in separate talks to acquire Equis Pte Ltd’s Indian hydroelectric assets. The Singapore-based company’s Hydreq hydropower platform is valued at about Rs 2,700 crore. Hydreq owns and operated two hydroelectric plants in Sikkim with a capacity of 200 MW. The sale process isContinue Reading
Abu Dhabi Investment Authority (ADIA), the world’s third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers even in the oil-rich Middle East to look beyond fossil fuels. ADIA manages the reserves of the emirate of Abu Dhabi, part of theContinue Reading
