Gentari plans to sell up to 50% stake in India renewables unit
Author: PPD Team Date: 24/06/2025
Author: PPD Team Date: 24/06/2025
Gentari is planning to divest up to 50 per cent stake in its India operations. The move could become one of the largest green energy transactions in the country.
The company has appointed Standard Chartered Bank as the transaction advisor.
Gentari’s India portfolio includes 4 GW of operational renewable assets, another 4 GW under construction, and 4 GW in the pipeline.
In March, Gentari Renewables India acquired a 1.6 GW solar and wind portfolio from Brookfield Asset Management in a two-phase deal. The first phase, involving 1 GW of operational assets, is already complete.
Earlier in January 2025, the Competition Commission of India approved Gentari’s acquisition of 21 SPVs and holding companies in the solar and wind sector.
Author: PPD Team Date: 21/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has posted a net profit of Rs 16.98 billion for 2024–25. This marks a 35.62 per cent rise from Rs 12.52 billion in the previous year. The company’s total income increased by 36.07 per cent to Rs 67.56 billion, up from Rs 49.65 billion in 2023–24. Waaree Renewable Technologies Limited also reported a significant jump in profitability. Its net profit rose to Rs…
Author: PPD Team Date: 22/11/2024 ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona Hidráulica, S.L., for €1 billion (enterprise value). The debt-free transaction is expected to generate capital gains of €620 million, with completion anticipated in the first half of 2025, pending antitrust and foreign investment approvals. The portfolio includes 34 hydroelectric plants with a total installed capacity of 626 MW, located across Aragón, Navarra, Soria, and…
Author: PPD Team Date: 12/12/2024 The Ministry of New and Renewable Energy (MNRE) is implementing the Green Energy Corridor (GEC) scheme across ten states to enhance renewable energy (RE) evacuation infrastructure. These states include Andhra Pradesh, Gujarat, Rajasthan, Himachal Pradesh, Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, and Uttar Pradesh. For intrastate transmission systems (InSTS), the scheme offers up to 40% Central Grant Assistance. Additionally, an interstate transmission system (ISTS) project is being developed to…
Author: PPD Team Date: 23/12/2024 Atlantica Sustainable Infrastructure has acquired a development platform in the US, adding 1.1 GW of solar and wind projects in the MISO and SPP regions. The portfolio includes projects in Illinois, Colorado, Mississippi, and Texas. With this acquisition, Atlantica’s US development portfolio grows to approximately 2 GW of solar and wind projects and 8.5 GWh of storage capacity. The addition enhances Atlantica’s presence in the MISO region and brings an…
Author: PPD Team Date: 06/11/2024 Primergy Solar has secured $225 million in project financing for its Valley of Fire (VoF) renewable energy portfolio across Nevada, Colorado, and Arizona. This financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank to support additional VoF developments. The VoF portfolio comprises the recently commissioned Gemini Solar + Storage project and five other ventures, collectively…
Author: PPD Team Date: 06/01/2025 Himachal Pradesh Chief Minister Sukhvinder Sukhu announced the installation of a 2 MW solar power plant in Kaza, Lahaul-Spiti district, to enhance power supply in the remote region. The plant will be fully operational soon, with the addition of a 1 MWh battery storage system. The state is focusing on increasing solar energy use to become a “green state.” In addition, 18 MW of solar plants are planned on vacant…
Author: PPD Team Date: 21/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has posted a net profit of Rs 16.98 billion for 2024–25. This marks a 35.62 per cent rise from Rs 12.52 billion in the previous year. The company’s total income increased by 36.07 per cent to Rs 67.56 billion, up from Rs 49.65 billion in 2023–24. Waaree Renewable Technologies Limited also reported a significant jump in profitability. Its net profit rose to Rs…
Author: PPD Team Date: 22/11/2024 ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona Hidráulica, S.L., for €1 billion (enterprise value). The debt-free transaction is expected to generate capital gains of €620 million, with completion anticipated in the first half of 2025, pending antitrust and foreign investment approvals. The portfolio includes 34 hydroelectric plants with a total installed capacity of 626 MW, located across Aragón, Navarra, Soria, and…
Author: PPD Team Date: 12/12/2024 The Ministry of New and Renewable Energy (MNRE) is implementing the Green Energy Corridor (GEC) scheme across ten states to enhance renewable energy (RE) evacuation infrastructure. These states include Andhra Pradesh, Gujarat, Rajasthan, Himachal Pradesh, Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, and Uttar Pradesh. For intrastate transmission systems (InSTS), the scheme offers up to 40% Central Grant Assistance. Additionally, an interstate transmission system (ISTS) project is being developed to…
Author: PPD Team Date: 23/12/2024 Atlantica Sustainable Infrastructure has acquired a development platform in the US, adding 1.1 GW of solar and wind projects in the MISO and SPP regions. The portfolio includes projects in Illinois, Colorado, Mississippi, and Texas. With this acquisition, Atlantica’s US development portfolio grows to approximately 2 GW of solar and wind projects and 8.5 GWh of storage capacity. The addition enhances Atlantica’s presence in the MISO region and brings an…
Author: PPD Team Date: 06/11/2024 Primergy Solar has secured $225 million in project financing for its Valley of Fire (VoF) renewable energy portfolio across Nevada, Colorado, and Arizona. This financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank to support additional VoF developments. The VoF portfolio comprises the recently commissioned Gemini Solar + Storage project and five other ventures, collectively…
Author: PPD Team Date: 06/01/2025 Himachal Pradesh Chief Minister Sukhvinder Sukhu announced the installation of a 2 MW solar power plant in Kaza, Lahaul-Spiti district, to enhance power supply in the remote region. The plant will be fully operational soon, with the addition of a 1 MWh battery storage system. The state is focusing on increasing solar energy use to become a “green state.” In addition, 18 MW of solar plants are planned on vacant…
Author: PPD Team Date: 21/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has posted a net profit of Rs 16.98 billion for 2024–25. This marks a 35.62 per cent rise from Rs 12.52 billion in the previous year. The company’s total income increased by 36.07 per cent to Rs 67.56 billion, up from Rs 49.65 billion in 2023–24. Waaree Renewable Technologies Limited also reported a significant jump in profitability. Its net profit rose to Rs…
Author: PPD Team Date: 22/11/2024 ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona Hidráulica, S.L., for €1 billion (enterprise value). The debt-free transaction is expected to generate capital gains of €620 million, with completion anticipated in the first half of 2025, pending antitrust and foreign investment approvals. The portfolio includes 34 hydroelectric plants with a total installed capacity of 626 MW, located across Aragón, Navarra, Soria, and…