Author Archives: Wendy Prabhu

About Wendy Prabhu

Wendy PrabhuWendy is a co-founder of Mercom Capital Group, the parent company of Mercom India. Wendy is a contributing editor at MercomIndia.com and is responsible for content quality across the company and products. She has over 15 years of business and finance experience in the energy and technology markets. In addition to Mercom, Wendy has written for many other clean energy-focused blogs and publications.  More articles from Wendy Prabhu.

wendy@mercomcapital.com

@wendyprabhu

Clean Energy Finance

OPIC and MNRE Launch $20 Million US-India Clean Energy Finance Facility Initiative

The Government of India and the Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, has launched the US-India Clean Energy Finance (USICEF) Facility Initiative with $20 million ...
/ / Grid, Utilities
Mergers & Acquisitions

Fonroche Energie SAS Divests its India Solar Assets; Shifts Focus to Latin America

France-based renewable energy developer, Fonroche Energie SAS has divested its India solar assets aggregating 22.3 MW. The assets have been acquired by the Hinduja Group. Fonroche Saaras Energy (FSEPL) and ...
/ / Finance and M&A, Solar
Himachal Pradesh

Himachal Pradesh Becomes the 18th State to Join UDAY

Himachal Pradesh has joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY), becoming the 18th state to do so. The state is estimated to achieve a net benefit of ~Rs.8,230 ...
/ / Grid, Utilities
UDAY Program Yet to Make a Positive Difference on the Power Sector

UDAY Program Yet to Make a Positive Difference on the Power Sector

The positive effects of the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) on the power sector are yet to be seen. Currently, 16 states and one union territory have joined ...
/ / Grid, Utilities
ADB

PGCIL Seeks $1 Billion Loan from ADB to Set Up Green Energy Corridor

The Power Grid Corporation of India (PGCIL) is seeking loan assistance of $1 billion (~Rs.67.82 billion) from the Asian Development Bank (ADB) for green energy transmission corridor. The loan will ...
/ / Grid
World Bank

World Bank Approves $22.93 Million Grant for Grid-Connected Solar Rooftop

The World Bank has approved a global environment facility (GEF) grant of $22.93 million (~Rs.1.55 billion) to enhance the installed capacity of grid-connected rooftop solar PV (GRPV) and strengthen the ...
/ / Rooftop, Solar
ReNew Power

ReNew Power Raises Rs.5 Billion Through Green Bonds

ReNew Power, announced its first public issue of non-convertible debentures (NCDs) with a face value of Rs.1 million (~$14,744) each, aggregating Rs.5 billion (~$73.72 million). Funding raised will be utilized ...
/ / Finance and M&A, Solar
Indian State Transmission Utilities and Power Grid Corporation of India to Receive €1 Billion Soft Loan from Germany

Indian State Transmission Utilities and Power Grid Corporation of India to Receive €1 Billion Soft Loan from Germany

The German government-owned development bank, KfW, is providing €1 billion (~$1.05 billion) soft loan to India to develop inter and intra-state transmission infrastructure under the green energy corridor program. The ...
/ / Grid, T&D
OPIC and ReNew Power Commit $74 Million to Set Up a 100 MW Solar Project in Telangana

OPIC and ReNew Power Commit $74 Million to Set Up a 100 MW Solar Project in Telangana

The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and ReNew Power, a solar and wind power producer, have signed a commitment of approximately $74 million to set up ...
/ / Solar, Utility Scale
11 MW of Canal Bank and Canal Top Solar Projects Commissioned in India

11 MW of Canal Bank and Canal Top Solar Projects Commissioned in India

So far, 11 MW of solar canal bank and canal top projects have been commissioned in India. These projects are part of the MNRE’s program to develop 100 MW of grid-connected solar ...
/ / Solar, Utility Scale
Gamesa Inks EPC Contract with Atria Power to Develop 130 MW of Solar

Gamesa Inks EPC Contract with Atria Power to Develop 130 MW of Solar

Gamesa, a wind turbine manufacturer and project developer, announced that it will develop 130 MW of solar projects for Atria Power, a renewable energy project developer. The company has entered into an ...
/ / Solar, Utility Scale
Suzlon Solar

Suzlon to Partner with Ostro Energy to Set Up a 50 MW Solar Project in Telangana

Suzlon, a wind turbine manufacturer and renewable energy project developer, has entered into a joint venture with Ostro Energy, a wind energy project developer, for the development and construction of a 50 ...
/ / Solar, Utility Scale
Mergers & Acquisitions

IDFC Alternatives Inks Rs.3.5 Billion Deal to Acquire 45 MW of Solar Projects from Punj Lloyd

IDFC Alternatives has signed a definitive agreement to acquire three solar projects aggregating 45 MW capacity from Punj Lloyd at an estimated enterprise value of Rs.3.5-3.75 billion (~$52.3-56 million). These ...
/ / Finance and M&A, Solar
NTPC to Set Up 50 MW of Solar Power Projects with Battery Storage System at Port Blair

NTPC to Set Up 50 MW of Solar Power Projects with Battery Storage System at Port Blair

A Memorandum of Understanding (MoU) has been signed between the National Thermal Power Corporation (NTPC), Andaman & Nicobar Administration, and the Ministry of New and Renewable Energy (MNRE) for NTPC ...
Mercom Releases White Paper on India Solar Market at Intersolar India

Mercom Releases White Paper on India Solar Market at Intersolar India

Mercom India, an exclusive knowledge partner of Intersolar India, has released a whitepaper - India Solar Market Drivers and Challenges, in partnership with the Intersolar India conference, held in Mumbai ...
Azure Power Global Shares Drop After IPO

Azure Power Global Shares Drop After IPO

Azure Power Global debuted on the New York Stock exchange as the first India solar company to go public in the U.S. under the trading symbol “AZRE”.  The company had ...
/ / Finance and M&A, Solar
Maharashtra Becomes 17th State to Join UDAY

Maharashtra Becomes 17th State to Join UDAY

Maharashtra has joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY), becoming the 17th state to do so. The state is estimated to achieve a net benefit of Rs.97.25 billion ...
/ / Grid, Utilities
Azure Power

Azure Power Revises its IPO Down To $75 Million

Azure Power has revised its Initial Public Offering (IPO). With the revised filing, Azure Power plans to raise $75 million (~Rs.5 billion) in place of the previously proposed $140 million ...
/ / Finance and M&A, Solar
NTPC Lists Green Masala Bonds Worth Rs.20 Billion on Singapore Exchange

NTPC Lists Green Masala Bonds Worth Rs.20 Billion on Singapore Exchange

National Thermal Power Corporation (NTPC) has listed green masala bonds worth Rs.20 billion (~$300 million) on the Singapore Exchange (SGX). With this listing, NTPC expects to tap into investors with ...
/ / Finance and M&A, Solar
IREDA Proposes Credit Enhancement Guarantee Program for Bond Issuance by Solar Developers

IREDA Proposes Credit Enhancement Guarantee Program for Bond Issuance by Solar Developers

Indian Renewable Energy Development Agency (IREDA) has proposed a “credit enhancement guarantee program” aimed at bond issuance by developers for solar and wind energy projects which have been in operation ...
/ / Markets & Policy, Solar
Azure Power Sets Terms for IPO on NYSE

Azure Power Sets Terms for IPO on NYSE

Azure Power, an Indian solar project developer, has set terms for its initial public offering (IPO) in New York. The IPO will comprise of 6.82 million shares priced between $21 ...
/ / Markets & Policy, Solar
wind turbines

Wind Sector VC Funding Reaches $455 Million in 2013, Project Funding $18.1 Billion

Strong IPO activity in wind sector in 2013 Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) ...
/ / Other, Wind
$600 Million in VC funding for Solar in 2013, Strong Public Market Financings, Project Funding Activity

$600 Million in VC funding for Solar in 2013, Strong Public Market Financings, Project Funding Activity

Total corporate funding up 25 percent at $10 billion Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisition ...
/ / Finance and M&A, Solar
Wind sector VC funding comes in at $135 million in Q3 2013, project funding totals $3.7 billion, reports Mercom Capital Group

Wind sector VC funding comes in at $135 million in Q3 2013, project funding totals $3.7 billion, reports Mercom Capital Group

Wind sector sees strong IPO activity Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for ...
/ / Other, Wind
windrader

Wind sector VC funding comes in at $210 million in Q2 2013, strong project acquisition activity

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector during the second ...
/ / Other, Wind