EV Manufacturer Rivian Sets Sights for IPO This Year Updated On Wed, Feb 10th, 2021 by Saurenergy Rivian an American electric vehicle (EV) manufacturer, backed by Amazon.com and Ford Motor, is looking to go public (IPO) as soon as September at a valuation of about USD 50 billion or perhaps more, according to people familiar with the matter. The company took to Twitter also, as the tweet reads, “BREAKING: Rivian is looking […] Read more
Leyline Partners With Momentum to Invest in Growing Energy Storage Market Updated On Mon, Feb 8th, 2021 by Saurenergy Leyline Renewable Capital, a leading provider of pre-construction debt and equity capital for renewable energy development, announced a new partnership with Momentum Energy Storage Partners, an energy storage developer based in Columbus, Ohio. Leyline’s funding will facilitate the development of numerous renewable energy projects across the United States, including existing endeavours underway within the Pennsylvania, Jersey and Maryland Power Pool (PJM) […] Read more
Suzlon Posts Q3 FY21 Results, Records Loss of Rs 118 Crore Updated On Mon, Feb 8th, 2021 by Saurenergy Suzlon Group has reported its Q3 FY21 results, the firm has witnessed a steady growth in revenue and production/ installation capacity. Suzlon Group, one of India’s largest wind energy developers and renewable energy solutions provider, has reported its third-quarter results for the financial year 2020-21 (Q3 FY21). The theme of the quarter for the firm […] Read more
Continuum Wind Energy Raises USD 560 Million In Green Bond Sale Updated On Wed, Feb 3rd, 2021 by Saurenergy Continuum Wind Energy, a Morgan Stanley-controlled company is in international markets with a USD 560 million dollar-denominated green bond issue, according to two merchant banking sources. Continuum Green Energy is an India focused renewable energy group founded in June 2009. It has a current portfolio of about 2 GW out of which 757.4 MW are […] Read more
Loans Worth Rs 1.25 Lakh Cr so far Under Discoms Liquidity Package Updated On Wed, Feb 3rd, 2021 by Saurenergy Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by PFC and REC Ltd under the liquidity package for stressed power Discoms Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by state-owned non-banking finance firms Power Finance Corporation (PFC) and REC Ltd under the liquidity package for stressed power distribution […] Read more
Power Sector Non-banking Financier PFC Raises $500 Mn Through Bonds Updated On Wed, Feb 3rd, 2021 by Saurenergy Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation (PFC), has raised USD 500 million on January 29, 2021, through the issuance of dollar-denominated Bonds with a fixed maturity of May 16, 2031. This is the longest tenor bond issuance from India since the start of 2021. The bonds have a fixed coupon of 3.35 percent per […] Read more
Budget 2021 Reactions. Industry Welcomes Broad Direction, Hopes For Specifics Updated On Tue, Feb 2nd, 2021 by Saurenergy The Union Budget 2021, for all its usual detractors, has been welcomed in more ways than one. While the stock markets seem to have welcomed the bold moves to junk fiscal limitations and go for high spending to revive the economy, the industry has welcomed it for more reasons. One couldn’t help but notice during […] Read more
CDC Announces $30 Mn Green Lending Facility to Tata Cleantech Capital Updated On Thu, Jan 28th, 2021 by Saurenergy CDC has announced a USD 30 million facility to Tata Cleantech Capital Limited through its directed green lending facility. CDC Group, the UK’s development finance institution and impact investor, has announced a USD 30 million facility to Tata Cleantech Capital Limited (TCCL), through CDC’s directed green lending facility. This first of its kind facility will […] Read more
Loanpal Receives $800+ Million in First External Investment Round Updated On Thu, Jan 28th, 2021 by Saurenergy Loanpal, a leading point-of-sale payment platform for sustainable home solutions, has announced its first external investment round of $800+ million Loanpal, a leading point-of-sale payment platform for sustainable home solutions, has announced its first external investment round of more than USD 800 million led by NEA and WestCap Group, as well as Brookfield Asset Management, Riverstone Holdings […] Read more
