Actis cancels plan to acquire Essel Infra’s solar project in India
Actis LLP, a private equity firm, has cancelled the plan to buy the 685 MW solar portfolio in India. The solar portfolio is owned by Essel Infraprojects Ltd. The deal was supposed to be with an estimated value of USD 658 million.
However, Essel Infra is holding discussions to ACME Solar Holdings Ltd. to sell the assets. Furthermore, ACME hopes to acquire a 25-year concession agreement for a water desalination plant. Essel seeks to close the sale by the end of the 2019.
Country updates
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April 16, 2019
Siemens Gamesa to provide turbines for 567 MW wind projects in India
Siemens Gamesa Renewable Energy has secured a new order in India from ReNew Power. The scope includes the supply of 270 units of the SG 2.1-122 wind turbines, with a total capacity of 567 MW, to two w...
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April 15, 2019
Adani plans to install 10 GW solar hybrid project in India
Adani Group has announced a Rs30,000 crore (US$422 million) investment in a 10 GW solar hybrid park in Khavda, Gujarat in Jodhpur and Jaisalmer districts, over the next five years. The solar facility...
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April 12, 2019
ReNew Power completes 300 MW solar plant in Karnataka
ReNew Power has announced the commissioning of its 300 MW solar plant at the Pavagada Solar Park, located in Tumkur district in Karnataka.
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April 05, 2019
In 2018 global energy demand increased by 2.3%
Energy demand worldwide grew by 2.3% in 2018, representing the fastest growth during the last 10 year. According to the International Energy Asociation (IEA) this expansion has been supported by an ex...
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April 04, 2019
ADB to Invest $50 Million in Avaada Energy Private Limited to Expand Renewable Energy Capacity in India
The Asian Development Bank (ADB) has signed an agreement to invest $50 million in Avaada Energy Private Limited (AEPL) to help the company rapidly scale up photovoltaic solar energy generation capacit...
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