The company is expected to commission 1.1 GW in FY27, 2 GW in FY28, 2.95 GW in FY29 and another 1.75 GW in FY30, according to estimates by Axis Capital
The yield has risen around 20 basis points since the Reserve Bank of India raised the repo rate last week to 5.50 per cent and shifted its monetary policy stance to calibrated tightening
The yield has risen around 20 basis points since the Reserve Bank of India raised the repo rate last week to 5.50 per cent and shifted its monetary policy stance to calibrated tightening
Higher interest rates could increase the cost of debt for renewable energy, storage, power and associated infrastructure projects
Rahul Munjal, Founder & Chairman, Hero Future Energies, said on the partnership, “We are delighted to welcome Sumitomo Corporation as a strategic partner in this project."
Europe's experience after the 2022 energy crisis offers an important lesson. The continent moved quickly to add renewable energy and reduce its reliance on Russian gas
The investment will cover manufacturing of ingots, and wafers
The proposed IPO could become the largest public offering by a private Indian renewable energy company to date
The portfolio, held through DBL Renewable Private Limited, has an estimated total project cost of around Rs 6,263 crore
The transaction is understood to have reached an in-principle agreement, with signing expected shortly
The additional capacity could generate annual savings of Rs 6,200-6,700 crore, translating into a payback period of around 1.8-2.2 years
IIFCL will be the sole lender for the project, with the financing carrying a repayment tenor of 19 years
The funds will primarily support the company’s growth plans, including acquisitions
OHM Global Mobility Limited will also operationalise electric buses for public transport in the state and expand its mobility solutions business
