Advertisement
Advertisement

In Depth

Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

14 June 2019
Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity. Company Name Status Bid Capacity Awarded Capacity Quoted Tariff...

India Solar Policy Update - May 2019

12 June 2019
India Solar Policy Update - May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Pooled Structures And InvITs To Boost Market Access For Developers

12 June 2019
Pooled Structures And InvITs To Boost Market Access For Developers

Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust would propel refinancing of the infrastructure assets, says India Ratings and Research.

India Solar Policy Update - April 2019

13 May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Solar Energy: The Perfect Match For EVs

06 May 2019
Solar Energy: The Perfect Match For EVs

EVs and Solar as a supporting source of power. Recently there has been much hype around EVs what with the Indian government pledging to replace petrol and diesel cars with EVs by 2030.

Innovative Solar Applications & Latest Technology Breakthroughs

06 May 2019
Innovative Solar Applications & Latest Technology Breakthroughs

Solar skin design Sistine Solar, a Boston-based design firm, is making major strides with the concept of aesthetic enhancement that allow solar panels to have a customized look. The MIT startup has created a “solar skin” product that makes it possible for solar panels to match the appearance of a ro...

Why Is Mono Silicon Wafer Getting Bigger And Bigger?

06 May 2019
Why Is Mono Silicon Wafer Getting Bigger And Bigger?

In recent years, PV technologies have been developing rapidly. With respect to cell, the high-efficiency PERC, bifacial cell and black silicon technologies have started mass production gradually, while N-type and heterojunction technologies have obtained footholds in the market; with respect to modu...

Optimistic Outlook For Indian Solar Market

06 May 2019
Optimistic Outlook For Indian Solar Market

Fitch Solutions Macro Research on Tuesday said it is maintaining a positive outlook on India’s renewables growth, excluding hydro power, irrespective of general elections as both the incumbent and the opposition support clean energy.

India Looking At $500 bn Investment In Renewable Energy Generation By 2028

06 May 2019
India Looking At $500 bn Investment In Renewable Energy Generation By 2028

The global think-tank said in a special report the long-term outlook is favorable for renewable energy in India

« »
Advertisement

CONVERSATIONS

« »
advertisement

UPCOMING EVENTS

Advertisement

SolarQuarter Tweets

Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV https://t.co/qluWEzZDgg Solarquarter… https://t.co/FAtyZ57rla
Friday, 14 June 2019 11:20
Auction Results: 1200MW ISTS Connected Solar PV Projects (ISTS-IV) Solarquarter tendertracker solar auction… https://t.co/7IDgiG8AZr
Friday, 14 June 2019 10:57
EV100's EV Technology Awards, Who Will Win? - https://t.co/QHiiwL5Hgi
Wednesday, 05 June 2019 10:24

Greenko Energy signs pact to acquireassets of Skeiron

City-based Greenko Energy Holdings, a renewable energy company, announced Monday that it has signed a pact to buy the assets of Pune-based Skeiron Green Renewables in Andhra Pradesh and Karnataka.

Also, Greenko said it has already acquired Orange Renewables as was proposed in June, a senior official of Greenko said.

The combined deal of Orange and Skeiron would add 1,300 MW of wind and solar power to the overall operational capacity of Greenko to 4.5 GW of wind, solar and hydroelectricity, a press release said.

Greenko has an additional capacity of generating over 8 GW from integrated renewable energy projects, which would take the total operating capacity to about 12 GW to become a leader in the new energy sector in the country, the release said.

“The deal will add nearly USD 200 million to EBITDA of Greenko in the first full year after close, with further accretion and growth anticipated thereafter,” it said.

The proposed acquisition of the assets of Skeiron and Orange Renewable was expected to drive capacity, revenue, EBITDA and overall earnings growth potential of Greenko and its stakeholders, the release said.

Greenko has been focusing on building integrated renewable energy assets with storage, which can compete with conventional energy assets like thermal in quality, quantity and cost, the release quoted managing director and chief executive officer of Greenko Anil Chalamalasetty as saying.

Tags: ,
Advertisement