renewable energy

India: Renewable energy firm Bhoruka Power in talks to raise $120m

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Hydro and wind power producer Bhoruka Power Corp. Ltd is looking to raise about $120 million in equity investment and use the money to increase renewable energy capacity to 1 gigawatt (GW) by 2020, said managing director S. Chandrasekhar. Bengaluru-based Bhoruka Power, which currently has 310MW of hydro, wind and… Read more »

WREPL says it is committed to setting up 5 GW capacities and of this 1 GW will be commissioned well within this financial year.
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India: ACME Cleantech raises $72m from Piramal Enterprises

Delhi-based renewable energy and telecom solutions company ACME Cleantech Solutions Pvt. Ltd has raised Rs500 crore from Ajay Piramal-controlled Piramal Enterprises Ltd. The investment in ACME was done by Piramal Enterprises’s Structured Finance Group, which provides structured mezzanine funding to companies in various sectors, especially in infrastructure. Mint had reported… Read more »

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Hindustan Clean Energy gets $130m from Farallon Capital, BofAML

Hindustan Clean Energy Ltd (HCEL), the renewable energy arm of Hindustan Power Projects Pvt. Ltd (HPPPL), has raised $130 million in debt funding from US-based hedge fund Farallon Capital Management and Bank of America Merrill Lynch (BofAML), two people aware of the development said. “HPPPL was in talks with the… Read more »

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Photo: Mint