Eversource Capital News Today

Over the last 12-15 months, investors such as Blume Ventures, Leo Capital and new entrants like Synapses have been betting on climate tech startups. Even global investors are looking to invest in climate tech companies.

Oil and Natural Gas Corp (ONGC) is reportedly in discussions with NTPC Green Energy to form a consortium for bidding on Ayana Renewable Power, owned by the National Investment and Infrastructure Fund (NIIF). The enterprise value of Ayana is estimated to be around $2 billion. Other entities like JSW Neo Energy, Sekura Energy, Masdar, Macquarie, and Sembcorp have also shown interest in acquiring a controlling stake in Ayana.

Oil and Natural Gas Corp (ONGC) is in talks to form a consortium with NTPC Green Energy to bid for National Investment and Infrastructure Fund-owned Ayana Renewable Power, according to people aware of the matter.

Sembcorp Industries, Macquarie Group, and JSW Neo Energy have also submitted non-binding bids for the green energy company.Ayana has 5 GW of operational and under-construction green energy projects, which it aims to double to 10 GW next year

NIIF will shortlist bidders in the next weeks, allowing them to undertake due diligence on the company before submitting binding financial proposals.

The bids were submitted after allowing time to the suitors to conduct a limited due diligence that included access to some data and confidential financial information. As the next step, NIIF will communicate a shortlist of suitors over the next few weeks after which two or at best three will be allowed to conduct detailed due diligence, according to the sources.

Climate-focused alternative investment firm Eversource Capital is set to receive funding from one of its existing limited partners for its India-focused smart metering platform, as ......

In February 2020, Radiance Renewables Pvt. Ltd struck its first acquisition. The timing couldn’t have been worse for the green energy platform of Eversource Capital, ......

Alternative investment firm Eversource Capital, which manages the climate-focused Green Growth Equity Fund, has tapped one of its limited partners to raise funding for its ......

With this infusion, Ecofy plans to grow its loan book, diversify its product base and eventually improve its own credit rating, the company said in a release on Wednesday. An improved credit rating helps lenders access debt at cheaper rates.