Govt. of India NTPC 5% Stake

Investors Get to Participate in India Solar Story with Government Sale of 5 Percent Stake in NTPC

The Government of India is selling a five percent stake in the National Thermal Power Corporation (NTPC), a state-owned public utility, and the largest power utility in India, for $1.03 ...
/ Finance and M&A, Solar
IFC REWA ACME Solar Loan

IFC to Provide $50 Million Loan to ACME Jaipur Solar Power Private Limited for 250 MW Solar Project in Rewa

The International Finance Corporation (IFC), a member of the World Bank, will provide a $50 million (~₹3.2 billion) loan to ACME Jaipur Solar Power Private Limited, a wholly-owned subsidiary of ...
/ Finance and M&A, Solar
Mitsui OMC Power Investment Mini-grid

Japanese Firm Mitsui to Invest $9 Million in OMC Power

Mitsui & Co., a Japanese trading house, is planning to develop small-scale solar projects in India by investing $9.11 million (~₹582 million) in OMC Power, a rural power company that ...
/ Finance and M&A, Solar
Sembcorp IDFC Renewables 100% Stake

Sembcorp Acquires Remaining Stake in Sembcorp Green Infra for ₹14.1 Billion from IDFC

Sembcorp Industries, an energy, water and marine group operating worldwide, through its wholly-owned subsidiary Sembcorp Utilities, has entered into an agreement to acquire the remaining 28 percent stake in Sembcorp ...
/ Finance and M&A, Solar
IFC Loan Rewa Solar Solenergi Actis

IFC to Provide $50 Million Loan to Arinsun Clean Energy for 250 MW Solar Project in Rewa

The International Finance Corporation (IFC), a member of World Bank Group, will provide a $50 million (~₹3.2 billion) loan to Arinsun Clean Energy, a subsidiary of Solenergi Power Private Ltd ...
/ Finance and M&A, Solar
Tata Power Solar 2017 Earnings

Tata Power Solar Sales Jump 52 Percent, Profits Triple

Tata Power Solar said its net sales in fiscal year 2017 increased by 52 percent against the year‑earlier period to ₹2,262 crores. By comparison, net sales of ₹1,490 crores were ...
/ Finance and M&A, Solar
EBRD Proparco Egypt Solar Finance

EBRD and Proparco Provide $116 Million to Finance Installation of 100 MW of Solar in Egypt

The European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution, are financing the installation of two 50 MW solar projects in to be developed the Benban ...
/ Finance and M&A, Solar
TNB Solar Project Financing

Tenaga Nasional Berhad Secures $79 Million Financing for 50 MW Solar Project

Tenaga Nasional Berhad (TNB), a Malaysian utility company, secured RM339 million (~$79 million) in financing from Affin Islamic Bank Bhd for a 50 MW large-scale solar project in Selangor, Malaysia ...
/ Finance and M&A, Solar
IDFC Solar Project Refinancing

IDFC Alternatives Raises ₹2.5 Billion

IDFC Alternatives through its India Infrastructure Fund II has raised ₹2.5 billion (~$39 million) through the sale of non-convertible debentures. The fund will be utilized to refinance two solar projects ...
/ Finance and M&A, Solar
GOLDMAN SACHS ACQUIRED CONERGY ASIA

Tennenbaum Capital Partners and Goldman Sachs Acquire Conergy Asia & ME and its subsidiaries for an Undisclosed Sum

Tennenbaum Capital Partners, a U.S. based private equity firm, and Goldman Sachs BDC, a business development company managed by Goldman Sachs Asset Management, acquired Conergy Asia & ME Pte Ltd ...
/ Finance and M&A, Solar
Fund for Off-grid Solar in Kenya

World Bank Approves $150 Million Fund for Off-grid Solar in Kenya

The World Bank approved an International Development Association (IDA) fund of $150 million for Kenya. The fund will be utilized to help communities in Kenya gain access to modern energy ...
/ Finance and M&A, Solar
First Solar India

First Solar to Divest Most of its Operating Solar Projects in India with Planned Sale of 190 MW

IDFC Alternatives' India Infrastructure Fund II (IIF II), through its wholly-owned subsidiary Vector Green Energy, has entered into definitive agreements with First Solar Power India and its affiliates to acquire ...
/ Finance and M&A, Solar
Funding

CleanMax Solar Raises $100 Million in Funding from Warburg Pincus

CleanMax Solar, an Indian rooftop solar developer, has raised $100 million (Rs.6.5 billion) in equity financing from Warburg Pincus, a New York-based private equity firm. CleanMax Solar will utilize the ...
/ Finance and M&A, Solar
renewable energy

Piramal Finance Approves Providing ACME With Additional Rs.700 Crores

Piramal Finance, a subsidiary of Piramal Enterprises, approved additional funding of Rs.7 billion (~$107.8 million) to ACME Solar Holdings. The funds were approved under a new product for the renewable ...
/ Finance and M&A, Solar
Demonitization India Solar

Yes Bank Signs Green Finance Charter with FMO, DEG and Proparco

Yes Bank, FMO (the development bank of the Netherlands), DEG (the development bank of Germany) and Proparco (the development of France) signed a Green Finance Charter for green finance in ...
/ Finance and M&A, Solar
azure rooftop solar

Azure Power Secures $10.5 Million from State Bank of India for Rooftop Solar

The State Bank of India (SBI), has issued a loan Rs.68.3 million (~$10.5 million) to Azure Power, an Indian solar power producer. The loan has been provided under the State ...
/ Finance and M&A, Solar
Finance

State Bank of India to Finance 100 MW of Grid-Connected Rooftop Solar Projects

The State Bank of India (SBI) announced it will provide Rs.4 billion (~$62.2 million) to private developers finance 100 MW of grid-connected rooftop solar projects in India. The financing is ...
/ Finance and M&A, Solar
ADB PNB Loan Rooftop Solar

Punjab National Bank Receives $100 Million Loan from ADB to Finance Solar Rooftop Projects in India

The Asian Development Bank (ADB) has approved a $100 million (~₹6.46 billion) loan to the Punjab National Bank (PNB) that will finance large solar rooftop systems on industrial and commercial ...
/ Finance and M&A, Solar
rupees

India to Raise Rs.23.6 Billion in Bonds for Renewable Energy

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to raise Rs.23.6 billion (~$364 million) from bonds for renewable energy development in the country, according to ...
/ Finance and M&A, Solar
Modi-Piyush

Solarpack Raises $104 Million in Funding for Projects in Chile and India

Solar pack raises 100 million in series A funding ...
/ Finance and M&A, Solar
Mergers & Acquisitions

Hareon Photovoltaic to Invest $76.6 Million for a 45 Percent Stake in Azure Power Project

Hareon Photovoltaic, a wholly owned subsidiary of Hareon Power Singapore, a vertically integrated solar PV manufacturer, will invest $76.6 million (~Rs.4.91 billion) for a 45 percent stake in Azure Power ...
/ Finance and M&A, Solar
FRV 29 Million IFC

Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Projects in Andhra Pradesh

Fotowatio Renewable Ventures (FRV), has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) from the International Finance Corporation (IFC) to fund 100 MW of solar projects in India. FRV ...
/ Finance and M&A, Solar
Solar Finance

Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017

With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
/ Finance and M&A, Solar
Bonds

Oriano Solar Raises Rs.200 Million in Series A Funding

Oriano Solar, a solar focused EPC firm, has raised Series A funding of Rs.200 million ($3 million) from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd. The investment ...
/ Finance and M&A, Solar
Solar Finance

World Bank to Provide $100 Million to Develop Solar Parks in India

The World Bank has approved $100 million (~Rs.6.5 billion) to develop solar parks in India. This includes a $75 million (~Rs.4.8 billion) loan from International Bank for Reconstruction and Development ...
/ Finance and M&A, Solar