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PTT Group is putting its power business on the fast track, with generation capacity expected to increase by at least 1 gigawatt each year in a bid to achieve a target of 16GW by 2030. ....
PTT Group and ReNew Power deal is called off Premium PTT is now considering investing in renewable energy on many projects in the targeted countries including India, its group spokesperson said.bloomberg 2 min read Share Via Read Full Story 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. ....
PTT Group in fray for Avaada Energy stake The potential deal in renewable energy firm Avaada is estimated at $220 million. (Photo: AFP)Premium Avaada Energy has an operational portfolio of 1.2GW with 4GW under implementation Share Via Read Full Story NEW DELHI : Thailand’s PTT Group is among companies that have shown interest in buying around 22% stake in renewable energy producer Avaada Energy Pvt. Ltd in a potential equity deal estimated at around $220 million, said two people aware of the development. Avaada Energy controlled by entrepreneur Vineet Mittal has an operational portfolio of 1.2GW with a further 4GW under implementation. ....
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Italy’s Eni eyes foray into Indian clean energy space Eni is upping India presence at a time when US President-elect Joe Biden promises a ‘clean energy revolution’. AFPPremium 2 min read Share Via Read Full Story Underpinning the growing focus of global super energy majors on India’ green economy, Italy’s Eni SpA is exploring the feasibility of participating in the world’s largest clean energy programme, said two people aware of the development. Eni is eyeing gigawatt (GW)-scale investments in India and plans to reach 55GW installed capacity globally by 2050. The Rome-headquartered firm is studying the build quality of projects, players’ profiles, and the market in India. ....