In Short – An Indian renewable energy company is set to launch its first dollar bond sale, aiming to raise international capital to expand its green energy projects. This move reflects the growing global investor interest in sustainable energy investments in India. In Details – The company, which develops sustainable energy projects such as solar […]
India’s Adani Green Energy likely to tap dollar bond market in March, sources say -EQ
Part of Indian billionaire Gautam Adani’s ports-to-power conglomerate, Adani Green is likely to use some of the proceeds from the proposed bond issue to refinance existing debt that will mature this year, the officials said. Both the officials and the banker spoke on condition of anonymity as they are not authorised to speak to the […]
Climate-friendly Investments Can Create More Jobs Per Dollar than Polluting Alternatives
The coronavirus pandemic has been the biggest disruption to the global labor force in generations. It’s also exacerbated inequality. Global unemployment was equivalent to 127 million full-time jobs in the second quarter of 2021. The number of people who do have jobs but are living in poverty has increased – undoing five years of progress. While in some countries […]
LG and Magna announce billion dollar joint venture in electric car gear
The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics TORONTO/SEOUL : South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars, the companies announced on Wednesday.The […]
Dollar Industries sets up 4MW solar power plant at TN unit
Chennai: Dollar Industries Ltd, one of the leading brands in the hosiery segment, has set up a 4MW solar power plant at its facility in Tamil Nadu, making it self- reliant and sustainable in power generation. Dollar Industries Ltd has invested Rs 18 crore in the solar plant, commissioned by Coimbatore-based Indway Power Energy […]
Signing of Dollar-Denominated Japanese ODA Loan Agreement with Ecuador: Contributing to the promotion of the Energy Matrix Transition through expansion and strengthening of the National Transmission and Distribution Systems
On January 28, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Ecuador in Quito to provide a Japanese ODA loan of up to 70 million US dollars for the Project for Supporting the Advancement of Energy Matrix Transition. This is a joint, co-financing project with the […]
ReNew Power raises $450 million through dollar bonds
Firm plans to use the funds to refinance the existing borrowings Attractive yields and liquidity have driven investor interest in Indian companies Sustainable energy firm ReNew Power Pvt. Ltd has raised $450 million through a dollar bond issuance, said D. Muthukumaran, the company’s chief financial officer. “The firm’s order book of 3x for such a […]
ReNew Power likely to have priced its dollar bonds
ReNew Power develops, builds, owns and operates utility-scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers. ReNew Power, a renewable energy power producer, is likely to have priced its dollar-denominated bonds on Tuesday, through which the firm could raise close to $400-450 million, […]