Petronas arm Gentari and AM Green established by the creators of Greenko have officially announced the signing of binding agreements with a GIC affiliate. Their collective goal is to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030, which is equivalent to approximately 1 MTPA of green hydrogen.
I Squared Capital and Hinduja Renewables Energy are the remaining contenders bidding for TPG Capital s 52% stake in Fourth Partner Energy at an equity value of around $350m.
Get latest articles and stories on Business at LatestLY. Woxsen University believes in executing things today to create the future of tomorrow. Business News | Woxsen University Pledges to Become India s First Net-Zero Campus by 2030.
India: PTT Group and ReNew Power deal said to be called off
Founded in 2011 by Sumant Sinha, ReNew Power has now over 1,000 MW of operational capacity from its own wind and solar projects. Photo: Pradeep Gaur/Mint
March 2, 2021
The proposed deal for Thailand’s energy major PTT Group buying a stake in ReNew Power Ventures Pvt. Ltd has been called off, said two people aware of the development.
This comes against the backdrop of ReNew Power announcing a merger with Nasdaq-listed special purpose acquisition company (SPAC) RMG Acquisition Corp. II on Wednesday at an enterprise value of about $8 billion. SPACs are publicly-traded shell companies with no commercial operations, which help unlisted companies go public through mergers, skipping the time-consuming conventional IPO route.