A joint venture between NTPC Ltd's renewable energy unit (NTPC Green Energy) and oil and gas giant ONGC (ONGC Green Energy) has emerged as the leading bidder in the auction for Ayana Renewable Power, according to Reuters.
The joint entity has placed the highest bid of approximately USD 650 million (EUR 617.1 million), surpassing rival JSW Energy Ltd.
Ayana Renewable Power, which is primarily owned by the National Investment & Infrastructure Fund (NIIF), has a portfolio of nearly 5 GW of solar, wind, and hybrid energy projects across multiple Indian states.
With a target to reach 10 GW of capacity by 2025, Ayana's minority stakeholders include British International Investment and Eversource Capital's Green Growth Equity Fund.
See Also
- NTPC and ONGC to Launch 50-50 Joint Venture for Renewable Energy Expansion
- TPREL Partners with SJVN for 460-MW Multi-Tech Renewable Energy Project
- Tata Power Signs Deals to Supply Renewable Energy to Noida International Airport with Over INR 5 Billion Investment
- Tata Power Renewable Energy Secures 200-MW Hybrid Renewables Project in India
- Tata Power Renewable Energy Secures 200-MW Hybrid Project in Maharashtra
