special purpose vehicle

Gurugram’s Serentica Launches RE Platform with Hybrid Plant Installation

Twinstar Overseas Limited-owned Serentica Renewables has launched a renewable energy platform in India to offer significant energy consumers in the nation round-the-clock (RTC) carbon-free power. Serentica Renewables is a division of Twinstar Overseas Ltd, which also holds a majority position in Sterlite Power Transmission and Sterlite Technologies. In addition, the company intends to set up […]

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WEnergy Global & Partners Win Biggest Tender for Power Grids in Philippines

Singapore’s WEnergy Global, jointly with Maharlika Clean Power Holdings and Clean Grid Partners, collectively referred to as the Maharlika Consortium, through their Special Purpose Vehicle, Archipelago Renewables Corporation, has signed a Qualified Third Party (QTP) Service Contract to energize over 7,100 households and 300 small local businesses through 16 microgrids spread over 14 barangays in […]

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Hindustan Zinc to Take 26% Stake in Group Firm Serentica Renewables for Rs 350 Crore

Hindustan Zinc has revealed in a regulatory filing before the Bombay Stock Exchange (BSE) that it has signed a power delivery agreement with Serentica Renewables India 4 Pvt Ltd for the delivery of renewable power to the company on a long-term basis. Hindustan Zinc is a Vedanta group company. Serentica Renewables is a special purpose […]

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REC Board Approves Incorporation of 7 SPVs for Evacuating Renewable Energy

The board members of India’s power sector lender REC Ltd have provided their consent for a proposal to incorporate 7 project-specific special purpose vehicles (SPVs). These SPVs will facilitate the evacuation of renewable energy from Maharashtra, Madhya Pradesh, Karnataka and Rajasthan. REC said that “The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia […]

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