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Banpu, Just Climate, CapitaLand shortlisted to buy Radiance Renewables
Livemint
·
10m ago
Medial
Thai energy firm Banpu Public Co. Ltd has emerged as a potential bidder to acquire Radiance Renewables Pvt. Ltd in a deal worth around $325 million. Banpu joins Generation Investment Management's Just Climate LLP and CapitaLand Investment Ltd in the shortlist for the second round of bidding. Radiance Renewables, which has an operating capacity of 350 MW in commercial and industrial projects, is currently backed by Eversource Capital, National Investment and Infrastructure Fund, and the UK government's Foreign, Commonwealth, and Development Office. India's commercial and industrial renewable energy segment has been attracting significant investor interest.
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Al Gore firm, CapitaLand eye Radiance acquisition
Livemint
·
1y ago
Medial
Former US vice-president Al Gore's Generation Investment Management’s Just Climate LLP and Singapore's CapitaLand Investment Ltd are among the potential buyers interested in acquiring Radiance Renewables Pvt. Ltd. The sale of the Indian company, which operates in the commercial and industrial renewable energy sector, could be valued at approximately $300 million. Non-binding offers for the 100% stake sale of Radiance are expected this month. Radiance is backed by India's National Investment and Infrastructure Fund and the UK government's Foreign, Commonwealth Development Organisation.
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Eversource’s Radiance teams up with infra investor PIDG for green energy play
VCCircle
·
1y ago
Medial
Indian renewable energy company Radiance Renewables has partnered with Private Infrastructure Development Group (PIDG), a global investor focusing on emerging markets, to form a joint venture. The collaboration aims to develop a portfolio of renewable energy projects for commercial and industrial clients. Radiance, backed by private equity firm Eversource Capital, will work with PIDG's Singapore-based company, InfraCo Asia, to drive the development of greenfield projects in India.
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Eversource shelves Radiance sale, seeks fresh funding as new CEO takes charge
VCCircle
·
2m ago
Medial
Eversource-backed Radiance Renewables has halted its sale process, which had garnered interest from major global investors. Instead, Radiance seeks to raise fresh capital through a mezzanine funding round. This strategic shift follows the appointment of a new CEO, Nitin Bhatia, indicating a possible change in the company's direction. This move suggests Radiance's intention to strengthen its financial footing and pursue growth in the renewable energy sector independently.
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I Squared-backed Hexa acquires Fortum's India renewables arm; to invest $500 mn
VCCircle
·
3m ago
Medial
Hexa Climate Solutions, supported by I Squared Capital, acquired Fortum's India renewables arm, including a 206 MW renewables portfolio and a 600 MW project pipeline. The acquisition, although undisclosed in value, reinforces India's renewable energy goals. Hexa plans to invest $500 million to expand its clean energy platforms across the country and emerging markets. This transaction marks Fortum's exit from India, aligning with its strategy to concentrate on its home market.
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Amid clean energy push, India a green flag for climate investors
Economic Times
·
6d ago
Medial
India is becoming a significant player in climate investment, with over $2 billion in climate-focused capital attracted last year. Key investors like TPG Rise Climate and LeapFrog Investments are making strategic investments in India's clean tech sectors. The growth is driven by cost parity with traditional energy, escalating demand for renewables, and supportive policies. The focus is on scalable technologies and low-emission solutions across sectors like transport and energy, marking an inflection point in climate finance in India.
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CapitaLand India Trust acquires office building in Navi Mumbai for upto Rs 706 cr
Money Control
·
1y ago
Medial
CapitaLand India Trust, backed by Singaporean property major CapitaLand, has acquired the Q2 building at the Aurum Q Parc office building in Navi Mumbai for a potential sum of Rs 706 crore ($94.7m). The trust had previously acquired the Q1 building at the same development as well. The initial purchase consideration for the Q2 building is Rs 676 crore, with the remaining Rs 30 crore subject to business milestones achieved by Aurum Ventures. The acquisition expands CapitaLand India Trust's portfolio to 21.8 million square feet.
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CapitaLand sells two India real estate assets for $68 mn
VCCircle
·
7m ago
Medial
Singapore-based real estate investor CapitaLand has sold two office park assets in India for approximately $68 million. The assets were acquired as part of CapitaLand's India-focused fund and were sold to an Indian realty player. CapitaLand had acquired Chennai's Radial IT Park as the seed asset for its investment vehicle.
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CapitaLand taps Japanese firm to wrap up fundraising for second India vehicle
VCCircle
·
9m ago
Medial
Singapore-based real assets manager CapitaLand Investment Ltd has completed fundraising for its India-focused real estate vehicle. The company secured commitments from Japanese firm Daibiru Corporation, the real estate subsidiary of Mitsui Shipping. CapitaLand focuses on investing in the Asia-Pacific region and its latest vehicle aims to target real estate opportunities in India.
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Continuum Green Energy gets $150 mn from Al Gore-backed climate investor
VCCircle
·
11m ago
Medial
Indian renewable energy company, Continuum Green Energy, has raised $150 million in equity capital from UK-based climate investment firm, Just Climate. This investment will support Continuum's deployment of wind-solar hybrid generation and storage projects across India, as it looks to add another 1.3GW over the next few years. Just Climate aims to enable capital flows to the Global South, including India, as part of its climate-led investing strategy. Continuum is backed by Morgan Stanley Infrastructure Partners and is planning to go public in the near future.
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Singapore’s CapitaLand inks pact to acquire IT park assets in Hyderabad
VCCircle
·
1y ago
Medial
Singapore-based real estate investor CapitaLand Investment Trust has signed a forward purchase agreement with Phoenix Group to acquire commercial IT building assets in Hyderabad's HITEC City. The acquisition includes around 2.5 million square feet of IT buildings in one of India's major IT hubs. CapitaLand continues to expand its presence in India, demonstrating confidence in the country's growing real estate market.
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