BII, Norfund & IndiGrid Enter 300 Mn Partnership To Expand BESS Project In India Updated On Wed, Nov 13th, 2024 by Saurenergy IndiGrid, a power sector infrastructure investment trust (InvIT), formed a new platform, EnerGrid in partnership with British International Investment (BII), UK’s development finance institution and impact investor, along with the Norwegian Climate Investment Fund, managed by Norfund. This platform focuses on developing greenfield transmission and standalone Battery Energy Storage System (BESS) projects in India. The […] Read more
InvIT: IndiGrid Gets Investment Commitments From AIMCo, HDFC, Others Updated On Wed, Aug 28th, 2024 by Saurenergy IndiGrid, a power sector infrastructure investment trust (InvIT), recently launched its preferential issue process following the successful conclusion of the Offer-for-Sale (OFS) by its sponsor, KKR. IndiGrid has received investment commitments from Alberta Investment Management Corporation (AIMCo), one of Canada’s leading institutional investment managers, and HDFC Life, an insurance provider, for investments of Rs. 567 […] Read more
IndiGrid Operationalises First Transmission project Updated On Tue, Apr 2nd, 2024 by Saurenergy KKR backed IndiGrid, India’s first and largest listed power sector infrastructure investment trust (InvIT), has announced the successful operationalisation of its first greenfield project – Kallam Transmission Limited (KTL) – at Beed, Maharashtra. The project was won by IndiGrid in December 2021 through the Tariff Based Competitive Bidding (TBCB) mechanism and has been developed on […] Read more
ReNew Signs Contract To Sell 300 MW Solar Project With $199mn Valuation Updated On Mon, Jan 8th, 2024 by Saurenergy Indian renewable energy company ReNew today announced that it has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in Rajasthan – ReNew Solar Urja Private Limited – for a total enterprise value of $199 million. The transaction is expected to close in accordance with PPA conditions. Approximately […] Read more
Harsh Shah Exits Azure Power; Rupesh Agarwal Steps in as Acting CEO Updated On Tue, Aug 30th, 2022 by Saurenergy Leading renewable power producer in India, Azure Power Global Limited has announced the appointment of Rupesh Agarwal as its Acting Chief Executive Officer (CEO). Agarwal will take the reigns of the organisation from Harsh Shah, who has resigned as CEO with immediate effect. The Board will consider the appointment of a new permanent CEO in […] Read more
Siemens Gamesa To Supply Turbines To Azure Power Updated On Tue, Aug 16th, 2022 by Saurenergy Global renewable energy developer Siemens Gamesa has announced that it has secured its first order in India. The order, for the supply of 96 SG 3.6-145 wind turbines, has come from Azure Power India Private Ltd. The official statement reads that the turbine supply is meant for a 346 MW project of Azure in the […] Read more
Harsh Shah To Take Over As CEO At Azure Power From July 1 Updated On Mon, May 9th, 2022 by Saurenergy Azure Power has announced the appointment of Harsh Shah as CEO. He follows in the wake of the exit of Ranjit Gupta last month. Shah was previously the Chief Executive Officer of IndiGrid, India’s first and largest Infrastructure Investment Trust (InvIT) in the Indian energy sector. It owns, operates, and manages power transmission networks and […] Read more
IndiGrid Completes India’s Largest Transmission Asset Acquisition Updated On Sat, Mar 27th, 2021 by Saurenergy IndiGrid has announced that it has completed the largest transmission project deal by acquiring NER-II Transmission from Sterlite Power. India Grid Trust (IndiGrid), India’s first and the largest power sector infrastructure investment trust (InvIT), has announced that it has completed the largest transmission project deal by acquiring NER-II Transmission Limited (NER-II) from Sterlite Power at […] Read more
