Two of India’s leading renewable energy majors ReNew Power and Greenko are said to be in negotiations with Abu Dhabi Investment Authority (ADIA) and couple of other long-term investment funds based in the Middle East to raise funds, solar industry and investment banking sources said.
ADIA is already an investor in both Greenko and ReNew Power, holding significant minority stakes.
The amount that the Indian two Indian companies are planning to raise is understood to be in the range of $600-800 million. This could be done through a mix of equity and long-term debt, sources said. Read more
Latest posts by Arabianbusiness (see all)
- Indian Firms ReNew Power, Greenko Said Be In Investment Talks With ADIA - October 19, 2018
- Indian Oil Firm Picks Sharjah For First Overseas Expansion - June 16, 2018