GREENKO ENERGY HOLDINGS
AM Green, SJVN arm ink MoU for supply and sourcing of green energy
AM Green's partnership with SJVN Green Energy aims to supply 4.5 GW of renewable energy. The project supports India's green hydrogen production targets and contributes to global industrial decarbonization. Additionally, collaborations with Gentari Sdn Bhd and GIC further enhance AM Green's position in the renewable energy sector.
SJVN to supply 4500 MW green energy to AM Green's green ammonia facilities
Greenko Group's subsidiary, AM Green, and SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, have signed a Memorandum of Understanding (MoU) for a long-term renewable energy supply agreement. Under the agreement, SGEL will provide 4,500 MW of carbon-free energy to power AM Green's forthcoming green ammonia facilities.
Petronas renewable energy arm leads race to climb green tower at Brookfield
Malaysian energy giant Petronas's renewable energy arm Gentari Sdn Bhd is leading the race for a part of India's renewable portfolio from Brookfield Asset Management.
Continuum Green Energy eyes funds from two private equity investors at $1-billion valuation
Continuum Green Energy (India) is preparing to raise funds from two global private equity investors, with a valuation estimated at $1 billion, in anticipation of an upcoming initial public offering (IPO). Founded by Arvind Bansal and Vikash Saraf, the renewable energy company has signed a term sheet with Global Environment Fund and UK-based Just Climate to secure $150 million in funding. This investment will establish a valuation benchmark ahead of the IPO.
Greenko Zero C to supply 500,000 tonnes of green ammonia to Norway's Yara Clean Ammonia
Deliveries to start from Kakinada from Q4 of CY26, Industry sources say contract size expected to be $1.5-$1.8 bn over 10 years. 5GW of renewable power and pump storage in Andhra Pradesh to back production
Greenko Energies gets CCI nod to acquire additional stake in Sikkim Urja
CCI approved Greenko Energies' additional stake acquisition in Sikkim Urja Ltd, a special purpose vehicle for a 1,200 MW hydropower project in North Sikkim. The acquisition was part of promoting fair competition in the marketplace.
- Go To Page 1
Masdar, Gentari, others eye majority stake in Ayana Renewable Power
The majority stake sale will value Ayana's equity at $1 billion, with an enterprise value - inclusive of debt in the capital structure - around $2.5-3 billion, sources told ET. Non-binding bids will likely be in by mid-April, said these officials.
Indian energy producer AM Green seeks $1 billion funding, sources say
The firm is working with an adviser on the fundraising to bolster its ability to produce green hydrogen and other chemical compounds, the people said, asking not to be identified as the information is private. AM Green aims to build a million tonnes a year of green methanol capacity, one of the people said.
Green 'n' bear it, it's ammonia, GH2 start
Ammonia is used for manufacturing nitrogenous fertilisers, and the green ammonia production process is 100% renewable and carbon-free. Once concluded, the deal will be the largest FDI to date in this sector as India seeks to decarbonise its economy.
Malaysia's Petronas, Singapore's GIC and Greenko form a $2 billion green ammonia venture
Petronas arm Gentari and AM Green established by the creators of Greenko have officially announced the signing of binding agreements with a GIC affiliate. Their collective goal is to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030, which is equivalent to approximately 1 MTPA of green hydrogen.
Petronas, Singapore’s GIC, Greenko founders set to invest $2 bn in new green platform AM Green
To set up 5 MTPA green ammonia facilities; aims to be among lowest-cost producers of green H2, molecules etc. Once concluded this will be the largest FDI in green molecules space in the country till date.
Business route taken by India's renewable IPPs will reflect their credit quality
Of the eight rated Indian IPPs, the three leading producers by installed capacity -- Greenko Energy Holdings (GEH), Renew Power Private Limited (RPPL) and Adani Green Energy Limited (AGEL) -- each have installed generation capacity of over five gigawatts, which had grown via greenfield development and acquisitions, the report notes.
BP, Petronas in race to invest up to $2 billion in Greenko founders’ new platform
The new platform is planning to produce 4-5 MTPA of green ammonia, green methanol and electrolysers at Kakinada in Andhra Pradesh, incurring a capital expenditure of $10 billion.
View: Want to save the planet? Re-Industrialize through renewables
Instead of focusing on degrowth, China and India are prioritizing technology to enable people to aspire to a more prosperous life next year and beyond without destroying the planet. Pumped-storage hydropower and the chemistry of ammonia are the top contenders to rewire production, trade, and consumption without a decline in living standards in developing nations, while green hydrogen could lessen the outsize role of oil and gas in geopolitics.
AMNS India to invest $7.4 billion on capacity expansion, value addition
ArcelorMittal and Nippon Steel's joint venture, AMNS India, will invest $7.4bn in capacity expansion and increased value-added capabilities. The investment includes increasing the Hazira-based plant's upstream capacity to 15 million tonnes by 2026, alongside increased downstream facilities costing $1bn to meet rising demand from automobiles. The 9 million-tonne-per-year capacity plant will also establish slurry pipelines to link its mines with its beneficiation plants. AMNS India's Q1 sales increased by nearly 6% while crude steel production rose by 9%, and earning before interest, tax, depreciation and amortisation more than doubled year on year.
Hold JSW Energy, target price Rs 270 : JM Financial
JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 41939.23 Crore) operating in Power sector.
Greenko to raise $700 million via rights issue, values company at $7 billion
Hyderabad-based Greenko is 52% owned by GIC of Singapore. The founder duo — Anil Chalamalasetti and Mahesh Kolli — together own 12%, Abu Dhabi Investment Authority owns 14% while the rest is owned by Japanese major Orix Corporation.
Greenko Energy to prepay bonds worth $500 million
This development comes just days after it fully redeemed the entire outstanding $435 million bonds, due for maturity in March, having refinanced them through a bridge loan from global banks JP Morgan, Barclays, DBS Bank, among others, amid hardening rates, ET reported on February 22. It paid investors in full their principal amount together with accrued and unpaid interest.
Greenko uses bridge loan to refinance its overseas bonds
It paid investors in full their principal amount together with accrued and unpaid interest. The company refinanced the bond with a similar size bridge loan from half a dozen banks including Barclays and DBS Bank, three sources said.
Greenko to supply 250K tonnes green ammonia to Germany’s Uniper, 1st Indian co to start exports from 2025
The two firms on Tuesday inked a Memorandum of Understanding (MoU) and Heads of Terms agreement for exclusive negotiations to supply 250,000 tonnes per annum of green ammonia to Uniper. Although not specified, sources in the know said the offtake agreement is for 8-10 years, starting 2025.
JSW, Greenko, Adani, Tata tapped for PTC India stake
The promoters - NTPC, NHPC, Power Finance Corp and Power Grid Corp of India - hold a combined stake of around 16% in PTC India. Damodar Valley Corp, which owns a 3.3% ownership, has also decided to divest its shareholding.
Granules to use Greenko's clean energy for proposed Rs 2,000 crore plant in Kakinada & other units
This will be the first of its kind alliance in India's pharmaceutical industry, to collaborate for green molecule solutions to consolidate sustainability efforts. Pharma industry uses chemicals most of which are linked to high carbon emissions.
Greenko Group emerges lowest bidder for NTPC's 3000 MWh energy storage tender
Hyderabad-based Greenko Group has emerged as the lowest bidder in the world’s first and largest technology agnostic storage tender from NTPC Renewable Energy Limited (NTPC REL), the renewable arm of NTPC Limited. Greenko is backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority and Japan’s ORIX Corp.
Serentica Renewables partners with Greenko for 1500 MWhr of storage capacity
As part of this partnership, Serentica will leverage Greenko’s energy storage capacity from its upcoming Off Stream Closed Loop Pumped Storage Projects (OCPSP) at Pinnapuram in Andhra Pradesh and Gandhi Sagar in Madhya Pradesh, said a company statement.
Keppel Infrastructure partners Greenko for green ammonia
The MoU will explore the feasibility of jointly developing a production facility which can produce at least 250,000 tonnes of green ammonia per year, the companies said today. Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanisation.
Brookfield bets big on Greenko, looks to invest $1 billion
The investment could even go up to $1.25 billion at a potential $9-10 billion valuation and may either be in parent Greenko Energy Holdings or subsidiary Greenko Zero C. Partnership with Brookfield, a long-term owner, operator and developer of infra assets, will help in decarbonising initiatives that both sides have launched.
Posco and Greenko partner for green H2 production
The partnership will also explore opportunities in production of renewable energy in India and use of steel materials from Posco in the development of infrastructure for potential projects, the companies said in a press statement.
Greenko, John Cockerill to set up 2 electrolyser giga factories for green hydrogen
Greenko ZeroC (GZC), a subsidiary of Greenko Group and Jon Cockerill, a leading designer and manufacturer of high-capacity alkaline electrolyzers signed the agreement on Monday, both companies said in a joint statement. The 2 GW units can potentially help replacing 8% of India’s annual liquified natural gas (LNG) imports.
Greenko plans to raise up to $1 bn via offshore bonds
The proceeds could also be used to expand capacity and other business purposes. This would be a green bond with a likely tenor of five or seven years. The final contours are not yet fixed. The size of the deal will likely vary in the range of $500 million and $1 billion, market sources ET.
Load More
