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Virescent RE Trust Ties-Up INR 2,150 Cr of Debt Financing

Virescent Renewable Energy Trust (VRET), an infrastructure investment trust (InvIT), has raised INR 1000 crore in its debut issuance across 3, 5 and 7 year tranches. This transaction marks the first-ever issuance by a renewable energy InvIT in India. The company will primarily use the proceeds to refinance existing debt at the Special Purpose Vehicle […]

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UK, US Firms Launch JV Targetting 20 GW RE Capacity by 2030

Low Carbon Limited, based in the UK, and the Massachusetts Mutual Life Insurance Company (MassMutual), based in the US, have joined forces to build a leading global renewable energy Independent Power Producer (IPP). The partnership with MassMutual also aims at supporting Low Carbon’s ambition to raise third-party investment funds with the goal of directing capital into […]

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TVS Industrial & Logistic Parks to Produce Solar Pwr for Decarbonisation

TVS Industrial and Logistic Parks is mulling to generate solar power using roof and open spaces within its parks to help it reduce electricity consumption and achieve further decarbonisation. The plan is currently under evaluation and a final decision is expected to be taken by next month, a company spokesperson was reported by media as […]

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India Invites GCC Nations to Invest in Sustainable Energy Sectors

India invited the Gulf Cooperation Council (GCC) member countries on Tuesday to invest in the sustainable energy sectors in the country, which is one of the major focus areas of the government. Addressing the representatives of the GCC countries at India pavilion EXPO2020 Dubai, Mr Vipul, Joint Secretary, Gulf, MEA said that India’s sustainable energy […]

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Australia Plans $740 M Fund to Develop Low-emissions Tech

Australia will establish a A$1 billion ($740 million) fund to invest in companies that develop low-emissions technology, the country’s Prime Minister, Scott Morrison, said on Wednesday, as Canberra seeks to cut carbon emissions to net zero by 2050. Under the plan, the federal government in Australia will commit A$500 million to the fund, matched by […]

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