GIP looks at Vector Green InvIT to raise $100 million
GIP looks at Vector Green InvIT to raise $100 millionPremium
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US-based Global Infrastructure Partners (GIP) is exploring an infrastructure investment trust (InvIT) for its Indian green energy platform, Vector Green Energy, to raise around $100 million in equity, two people aware of the development said.
InvITs are trusts that manage income-generating infrastructure assets typically offering investors a regular yield and a liquid method of investing in infrastructure projects.
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Renewable energy InvIT plans have been gaining traction in the backdrop of India’s galloping electricity demand. These include InvITs from KKR-backed Virescent Infrastructure and Tata Power’s renewable energy InvIT in which Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd, or Pe
After O2, Tata Power & Vena, SJVN also moves appellate tribunal on Dholera issue
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It filed with APTEL on Tuesday, becoming the fourth company involved in the matter to do so. ReNew Power remains the only company not to file a case.
Out of the total of 700 MW, SJVN had won 100 MW at a price of Rs. 2.80 per unit. Vena and Tata Power had won 100 MW each at a tariff of Rs. 2.78, while ReNew won 200 MW at Rs. 2.79. O2 was awarded the remaining 200 MW at Rs. 2.81.
NEW DELHI | MUMBAI:
SJVN, a joint venture between the Centre and government of Himachal Pradesh, has also approached the Appellate Tribunal for Electricity (APTEL) to seek a remedy in the Dholera solar tender cancellation issue, a senior power ministry official said.
MUMBAI: Renewable energy producers O2 Power,
Tata Power and Vena Energy have approached the Appellate Tribunal for Electricity (APTEL) after tenders for power generation in Gujarat’s Dholera Solar Park were cancelled by the state’s procurement company, people aware of the development said.
Renew Power, the fourth developer which had won a contract to put up a facility in the project, has not sought relief from the APTEL in the matter, they said.
Hearing on the issue took place on Monday after the aggrieved developers filed an urgent listing with APTEL regarding cancellation of tenders for 700 MW of solar power generation in the Dholera solar park by Gujarat Urja Vikas Nigam Limited (GUVNL).
Financiers back Qld’s biggest battery energy storage system
By Tony Zhang|11 January 2021
Ashurst and DLA Piper have advised on the financing of Vena Energy’s Wandoan South Battery Storage System in Australia.
Firm: Ashurst (Vena Energy); DLA Piper (Financiers: BNP Paribas, DBS Bank and ING).
Deal: Global law firm Ashurst has acted for Vena Energy on obtaining debt financing for the development of the Wandoan South Battery Energy Storage System (Wandoan South BESS) near Wandoan, Queensland. Vena Energy is a prominent and leading renewable independent power producer in the Asia-Pacific region.
DLA Piper advised BNP Paribas, DBS Bank and ING Bank N.V. on their financing of Vena Energy’s new project. All three banks were joint mandated lead arrangers for the Wandoan South BESS, which reached financial close on 14 December 2020.
Vena Energy buys 162MW Japanese solar project pv-tech.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-tech.org Daily Mail and Mail on Sunday newspapers.