Ostro News



October 26th, 2016

The Suzlon group today announced that it has entered into a joint venture with Ostro Energy for development and construction of a 50-mw solar project in Telangana.

According to the contract signed between Ostro Energy and the Suzlon group on Monday, Ostro Energy shall acquire 49 per cent stake in Prathamesh Solarfarms, a special purpose vehicle (SPV) set up by Suzlon to execute this project, the company said in a statement.



February 25th, 2016

Ostro Energy, an emerging wind energy developer in India, has secured debt financing from the International Finance Corporation for two large-scale wind energy projects.

The International Finance Corporation (IFC) provided debt-finance for two wind energy projects planned by Ostro Energy in the southern Indian state of Andhra Pradesh, with a combined installed capacity of 197.4 MW.



February 8th, 2016

International Finance Corporation (IFC), the private-sector lending arm of World Bank, has decided to facilitate debt funding worth around $177 million in Ostro Energy Pvt Ltd, a renewable energy platform backed by emerging markets-focused private equity major Actis, according to a disclosure.

Ostro Energy is planning to set up two wind farms with a total capacity of 197.4 megawatt (MW) through its two subsidiaries—Ostro Andhra Wind Pvt Ltd and Ostro AP Wind Pvt Ltd.



February 8th, 2016

Ostro Energy Private Limited, a renewable energy platform backed by PE firm Actis, plans to implement projects worth $425 million in Andhra Pradesh.

The company will set up two wind farms with a total capacity of 197.4 megawatt (MW) through its two subsidiaries — Ostro Andhra Wind Private Limited and Ostro AP Wind Private Limited. The investment will also be backed by International Finance Corporation (IFC).



November 3rd, 2015

Renewable energy firm Gamesa India has bagged an order from Ostro Energy for setting up wind mills in Madhya Pradesh and    Andhra Pradesh with a total capacity of 200 MW.



October 12th, 2015

Suzlon Group has completed the commissioning of 50.40 MW wind power turnkey project for Ostro Energy Pvt Ltd. The project will provide electricity to over 28,000 homes and curb 0.10 million tonnes of CO2 emissions annually.



February 12th, 2015

Global private equity fund Actis will invest $230 million, or about Rs 1,380 crore, in India through its newly created renewable energy platform Ostro Energy and has roped in Ranjit Gupta as its chief executive officer.