India Briefing: Greenko buys Orange Renewables, Minister update, Distributed renewables data

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Greenko acquires Orange Renewables

4 June: Indian developer Greenko Energy Holdings has entered into a definitive purchase agreement to acquire Orange Renewables Singapore for a total enterprise value of approximately US$922 million. Orange has 907MW of solar and wind assets and pipeline of over 500MW.

The deal will add to Greenko’s existing portfolio of over 3GW of operational capacity, taking its overall operational capacity to about 4GW of wind, solar and hydro. Greenko’s overall under-construction capacity in addition to the 4GW of operational capacity is over 7GW.

“Indian energy markets are transitioning from deficit markets to demand driven contracts requiring reliable, flexible and cost competitive energy. Greenko is focussing on building integrated renewable energy assets with storage to address these markets by competing with conventional energy assets like thermal in quality, quantity and cost,” said Anil Chalamalasetty, managing director and chief executive, Greenko.

Energy minister praises achievements

5 June: Indian power minister R.K. Singh has said that more US$42 billion investment was made in renewable energy in India during the last four years and the country is “well on track” to achieving the 175GW target of installed renewable energy capacity.

Singh even said that trends suggest the target will not only be achieved but exceeded.

He also said that 41 Solar Parks in 21 States with an aggregate capacity of over 26GW have been sanctioned.

CLEAN and GOGLA jointly launch India DRE Data Collection

3 May: Clean Energy Access Network (CLEAN) and Global Off-Grid Lighting Association (GOGLA) have jointly launched the India Decentralized Renewable Energy (DRE) Data Collection, covering off-grid solar, solar pumps, mini and micro-grids and improved cookstoves.

The collected data will feed into CLEAN’s ‘State of the Sector Report – 2017/18’.

Read Next

July 20, 2021
It is “unhealthy” for China to dominate solar manufacturing and production bases outside of the country are necessary to reduce the risk of supply chain disruptions, an Indian government official has said.
July 20, 2021
Vikram Solar has completed a new 1.3GW solar module manufacturing facility in Tamil Nadu, India, taking its total manufacturing output to 2.5GW.
July 13, 2021
Enel Green Power has bolstered its position in the US solar and energy storage markets by acquiring a 3.2GWdc portfolio of solar and solar-storage projects.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
July 12, 2021
Elon Musk and Tesla’s court case regarding its acquisition of solar installer SolarCity has got underway in the US this week, with shareholders of the energy and automotive company alleging that fiduciary duties were breached when the deal was agreed.
July 9, 2021
Corporate funding in the global solar sector in the first half of 2021 was up almost threefold year-on-year, according to a new report from Mercom Capital Group.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021