Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTApril 9 (Renewables Now) - The clean energy arm of India’s Avaada Group has raised some INR 10 billion (USD 144m/EUR 128m) to finance the development of a 2.4-GW solar power portfolio, it was announced on Tuesday.
Avaada Energy Pvt Ltd got the equity infusion from the Asian Development Bank (ADB), DEG - the German Development Finance Institution, Dutch development finance company FMO and its own promoters.
The Indian firm is currently developing 2.4 GW of solar projects and is looking to expand its portfolio to 5 GW across Asia and Africa over the next two years. It has executed more than 2 GW of renewable energy projects to date, according to the announcement.
(INR 10 = USD 0.144/EUR 0.128)
Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTIndia's SECI to hold tenders for 2.4 GW of wind, solar
Dec 06, 2019 14:08 CESTCIP's new markets fund hits USD-1bn final close
Dec 06, 2019 10:56 CESTSembcorp to pay USD 59m for remaining stake in Indian arm
Dec 05, 2019 14:44 CESTSuzlon abandons stake sale, seeks debt restructuring - report
Dec 05, 2019 13:11 CESTLongi unveils 1.2-GW module supply deal with India's Adani Green
Dec 04, 2019 8:55 CEST