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June 23, 2020

Coronavirus company news summary – Hindustan Zinc plans wind asset sale – SSE Thermal consults on new plant

By Matthew Farmer

23 June

British energy firm SSE Thermal has launched a public consultation for a green power station near two its other facilities in Keadby, North Lincolnshire. The initial public consultation will be conducted online-only due to coronavirus lockdown restrictions, running until 27 July, BBC reported.

Hindustan Zinc, a Vedanta group company, is reportedly planning to sell its wind energy assets to boost its balance sheet. Located in Rajasthan, Gujarat, Maharashtra, Karnataka and Tamil Nadu, the assets are valued at approximately $198m (Rs15bn). , The Economic Times reported two renewable energy firms have expressed interest in the assets.

Singapore-based Cleantech Solar has secured a loan of $75m from Dutch banking giant ING Groep for rooftop PV projects. Backed by Royal Dutch Shell, the company intends to use the capital to finance its expansion across south-east Asia by building over 500MW of solar projects. This is considered to be the largest green loan in the Asia Pacific commercial and industrial renewables sector to date.

The Solar Energy Corporation of India (SECI) has again extended the closing date for the submission of bids for 4MW of Andaman floating solar power projects as a result of the Covid-19 pandemic. The company commissioned the floating solar to be developed at the Kalpong dam in North Andaman’s Diglipur. It has now extended the deadline to 30 June from 15 June set previously.

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