Business India ×
 Climate Change

Renewable Energy
Published on: Feb. 9, 2022, 4:43 p.m.
Tata Power looks to raise Rs5,000 crore for RE
  • The asset monetisation of renewable energy will help the company meet long-term targets

By Business India Editorial

It is reported that Tata Power is in advanced talks with investors, including Canadian Pension Plan Investment Board (CPPIB) as well as Singaporean sovereign fund Temasek Holdings and private equity firm General Atlantic to raise as much as $600-700 million (Rs 4,478 crore- 5,225 crore) for its renewable energy business at an equity valuation of around $6-7 billion.

The deal is reportedly at an advanced stage and is likely to be concluded in the coming weeks, as the salt-to-steel conglomerate looks to pare debt and strengthen its balance sheet ahead of a planned public issue of the alternate energy unit.

Sovereign money managers of the Middle East were also being tapped for a potential transaction. The asset monetisation of renewable energy will help the company meet long-term targets.

The company also had plans to go for an InVit. It had held negotiations with Malaysia’s Petronas for a potential investment of up to $2 billion, but the talks couldn’t culminate into a transaction.


Energy

Despite global slowdown, investment interest in the Indian energy transition sector swelled in 2022

Energy transition could attract $25 billion investment

Published on March 30, 2023, 11:01 a.m.

Despite global slowdown, investment interest in the Indian energy transition sector swelled in 2022

Government and Policy

Sri Lankan Cabinet has given approval for an MoU on the cooperation in the field of renewable energy between the two countries

Sri Lanka, India to sign MoU in RE

Published on March 30, 2023, 10:43 a.m.

Sri Lankan Cabinet has given approval for an MoU on the cooperation in the field of renewable energy between the two countries

Investment

The world needs around $35 trillion for transition technology by 2030

IRENA calls for quadrupling of investments

Published on March 30, 2023, 10:21 a.m.

The world needs around $35 trillion for transition technology by 2030

Conservation

Is it time to turn to beasts to save the earth?

Can animals keep earth cool?

Published on March 30, 2023, 10:03 a.m.

Is it time to turn to beasts to save the earth?

E-MAGAZINE

Agriculture

The introduction of black pepper as an inter-crop in the sopari and coconut orchards, has enabled farmers to cultivate crops simultaneously

Skill Development

In 2020-21, the programme reached over 112,482 girls in urban and rural locations across six states in India, including 10,000 across Delhi

Collaboration

The event brought together stakeholders and changemakers to participate in a series of conversations on global trends and recent developments

Healthcare

The programme will focus on educating children on oral health and building awareness around the dangers of tobacco use