to-the-point: India's Urja Global preps for USD-500m green bond sale

Author: Takver. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

October 4 (Renewables Now) - Indian solar installer and equipment manufacturer Urja Global Ltd (BOM:526987) plans to launch an up to USD-500-million (EUR 455.7m) green bond sale, aiming to finance renewable energy and electric vehicle (EV) projects.

The company said on Tuesday it has secured shareholders’ approval for the placement and also has permission to list the securities overseas at platforms such as the London Stock Exchange, the Singapore Stock Exchange, Nasdaq or any other foreign bourse.

The Indian firm says on its website its business is mainly focused on the design, supply, installation and maintenance of grid-connected and off-grid photovoltaic (PV) parks. Its activities also include the production of solar modules, inverters, lithium-ion batteries and automotive energy storage systems.

(USD 1.0 = EUR 0.911)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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