Independent Indian power producer Continuum Green Energy has filed for a $430.26 million (36.5 billion rupees) initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) as it seeks to take advantage of India’s surging hunger for energy. Continuum Green Energy identifies, develops, builds, and operates green energy projects in India with a focus on providing renewable energy to industrial and commercial consumers as well as power exchanges and central and state distribution utilities.
Currently one of the largest greenhouse gas emitters in Asia after China, India is working hard to limit its reliance on fossil fuels by boosting domestic renewable energy production. The country supplies most of its energy needs from coal, a cheap and easily accessible but incredibly polluting…
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