Project to be completed in 2022 in Sidhpur, Gujarat with total installed capacity of 252 MW. Suzlon Group, India’s largest renewable energy solutions provider, has announced its new order win for development of a 252 MW wind power project from CLP India. Suzlon will install 120 units of S120-140m wind turbine generators (WTGs) with a […]
CLP Wind Farms raises Rs 300 cr through non-convertible debentures
The company said the move will help sustain the expansion of its renewable energy portfolio in alignment with the company’s vision to invest in low-carbon footprint businesses CLP Wind Farms, a subsidiary of CLP India, on Wednesday said it has raised Rs 296.9 crore through the issuance of rated, secured, unlisted, redeemable and non-convertible debentures. […]
M&M subsidiary completes sale of DSPL to CLP India
Mahindra & Mahindra (M&M) on 16 April 2020 said its renewable energy subsidiary completed sale of its arm Divine Solren to CLP India for Rs 124.47 crore. Mahindra & Mahindra’s (M&M) wholly owned step-down subsidiary, Mahindra Renewables (MRPL), has completed the sale of the entire paid-up equity share capital of 1.20 crore equity shares held […]
CLP India may buy Mahindra Susten’s 160 mw solar assets by February-end
CLP’s India portfolio includes renewable and conventional energy, amounting to over 3,000 mw. CLP India’s 16 wind energy and three solar energy projects span seven states. CLP India, an independent power producer, is in advance discussions with Mahindra Susten to acquire 160 mw of its operational solar energy assets as part of its strategy to […]
CLP India, Piramal look to buy Mahindra Susten’s solar assets
The sale process for the 160MW solar assets is likely to fetch a valuation of around ₹1,000 crore Mahindra Susten is likely to use the sales proceeds to develop its pipeline of around 1GW MUMBAI: Mahindra Susten, the renewable business arm of Mahindra group, which is in the process of selling 160 megawatts (MW) of solar […]
No power supply to discoms without bank guarantees
The move comes on the backdrop of the deep financial stress being faced by the power industry due to non-payment of dues The Union power ministry has directed electricity generators to snap supplies to state distribution companies which have failed to open or maintain bank guarantees. Following this directive, the states will have no option […]