MASDAR
JSW, Torrent, Masdar among suitors for Enel's India assets The portfolio of Enel Green Power India comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW). Of the operational capacity, solar power projects comprise 420 MW, with the balance 340 M...
10 Jun, 2024, 01.49 AM ISTPetronas 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.
29 May, 2024, 05.30 AM ISTGreen with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power Oil and Natural Gas Corp (ONGC) is reportedly in discussions with NTPC Green Energy to form a consortium for bidding on Ayana Renewable Power, owned by the National Investment and Infrastructure Fund (NIIF). The enterprise value of Ayana is estimate...
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ONGC, NTPC Green mull joint bid for NIIF-owned Ayana Renewable Power ONGC is reportedly in discussions with NTPC Green Energy to jointly bid for Ayana Renewable Power, owned by NIIF. Several potential buyers have submitted non-binding offers for Ayana. ONGC previously announced ONGC Green for renewable projects, whil...
16 May, 2024, 11.24 AM ISTNIIF-owned Ayana Renewable Power gets high five from bidders The bids were submitted after allowing time to the suitors to conduct a limited due diligence that included access to some data and confidential financial information. As the next step, NIIF will communicate a shortlist of suitors over the next few ...
04 May, 2024, 05.30 AM ISTDubai’s ‘sustainable city’ was supposed to start a trend. It hasn’t yet Seven years and 1.3 billion dirhams ($354 million) in construction costs later, only some parts of that claim have been realised.
26 Mar, 2024, 10.44 AM ISTMasdar, 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.
18 Mar, 2024, 03.08 PM ISTGlobal solar projects set to win more than $380 billion investment this year The International Solar Alliance (ISA) predicts that investment in global solar energy projects will exceed USD 380 billion in 2019. This represents an increase from last year's investment of USD 310 billion and the USD 235 billion invested in the f...
24 Oct, 2023, 11.35 AM ISTUAE launches it first commercial-sized wind project ahead of UN climate summit The United Arab Emirates (UAE) has launched its first commercial-sized wind project in an effort to boost renewables ahead of hosting the COP 28 climate summit. The 103.5-megawatt project, run by Masdar, will power over 23,000 homes annually and hel...
06 Oct, 2023, 02.33 PM ISTUAE announces leadership team for climate COP28 Al Jaber is Minister of Industry and Advanced Technology, and has served as Special Envoy for Climate Change for two terms (2010–2016, 2020–present). “Al Jaber will develop the COP28 agenda, in partnership with the UNFCCC’s Executive Secretary Simon...
12 Jan, 2023, 10.59 PM ISTCOP27: UAE and Egypt agree to build one of world's biggest wind farms The memorandum of understanding was signed between the UAE's renewable energy firm Masdar alongside its joint venture with Egypt's main renewable energy developer Infinity and Hassan Allam Utilities, the statement on news agency WAM said.
08 Nov, 2022, 08.56 PM ISTCOP 27: UAE and Egypt agree to build one of world's biggest wind farms In April, Masdar and Hassan Allam Utilities signed two Memoranda of Understanding with Egyptian state-backed organisations to cooperate on the development of 4 GW green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterran...
08 Nov, 2022, 03.08 PM ISTGermany inks LNG deal as chancellor visits Gulf to secure energy Though the initial amount to be delivered is relatively small, it's a politically significant deal to shore up supplies of gas from outside of Russia as Chancellor Olaf Scholz seeks to deepen ties with the Gulf and find alternative energy sources.
25 Sep, 2022, 10.35 PM ISTKKR, Hero to pump $450 million into Hero Future Energies, raise valuation to over $1 billion HFE's valuation will cross $1 billion with KKR's investment. In November 2019, Abu Dhabi Future Energy Co. (Masdar) picked up a 20% stake in HFE for $150 million, valuing the New Delhi-based company at $750 million
21 Sep, 2022, 12.21 AM ISTKKR and Hero Group invest $450 Million in Hero Future Energies US private equity giant KKR & Co Inc and India's Hero Group have agreed to invest $450 million in the motorcycle maker's renewable energy arm, the companies said on Tuesday, as the Indian firm looks to expand its renewable energy capacity.
20 Sep, 2022, 02.17 PM ISTKKR looks to invest $400 million in Hero Future Energies The final rounds of negotiations are ongoing before a formal announcement, which is expected in a few weeks. The investment is for a significant minority stake but comes with significant governance rights that would make KKR a co-promoter along with...
26 Aug, 2022, 01.40 PM ISTLarsen & Toubro bags 300 MW solar project in Saudi Arabia The renewables arm of L&T's Power Transmission & Distribution Business has secured the go-ahead to begin constructing the 300 MW Jeddah solar PV power plant in Saudi Arabia.
13 Apr, 2021, 04.14 PM ISTHero Future's stake buy by Abu Dhabi Future Energy gets CCI nod under green channel The transaction involves acquisition of non-voting compulsorily convertible preference shares in Hero Future Energies.
30 Oct, 2019, 06.35 PM ISTAbu Dhabi’s Masdar to buy stake in Hero’s Green Energy arm for $150m Abu Dhabi government-owned energy company Masdar Clean Energy is all set to acquire about 20% stake in Hero Future Energies.
02 Oct, 2019, 11.01 AM ISTAbu Dhabi’s Masdar eyes Hero Energy stake Hero Future Energies aims to raise $300 million at $1 billion valuation.
22 Jan, 2019, 01.54 PM IST