Deal could offer partial exit to Goldman Sachs that owns 48% stake in green energy company. Goldman Sachs, a backer of the company since 2011, has invested about $370 million in ReNew Power through 2013 and 2014. Founded in 2011 by Sumant Sinha, t… MUMBAI: Canadian asset management firm Brookfield is in talks to […]
S & W Solar IPO not fully subscribed despite trimming the IPO Size
Overall, the issue was subscribed 92 per cent, including anchor investors. Shapoorji Pallonji-backed Sterling & Wilson Solar on Thursday said it has successfully closed its initial public offer (IPO), backed by global institutional investors The solar EPC company saw its institutional portion oversubscribed with participation FPIs such as Nomura, Schroeder, Abu Dhabi Investment Authority (ADIA) […]
Oil-rich sovereign funds look to renewables alongside fossil fuels
Total sovereign wealth fund investments within the oil and gas industry have dwarfed those within renewable energy in the past decade LONDON: Sovereign wealth funds from oil-rich countries in the Middle East are moving to diversify into renewable energy, pushed by regulators and pledges on climate change, but are stopping short of following Norway in […]