renewable energy

CDC Group plans renewable energy platform for India,  S Asia

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The platform will be 100% funded by CDC.

Solar Panels. Photo: Mint
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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
Visual from Gia Lai Electricity JSC website.