Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020
U.S.-based residential solar, storage, and energy services provider Sunrun has announced that its total revenue in the fourth quarter of 2020 (Q4 2020) stood at $320.4 million, a 31% increase ...
First Solar Reports 34% Year-Over-Year Slide in Net Sales in Q4 2020
U.S.-based solar module maker First Solar has announced that its net sales in the fourth quarter of 2020 (Q4 2020) stood at $609.2 million, down 34% from about $1.4 billion in the ...
ReNew Power to Go Public in an $8 Billion SPAC Deal
ReNew Power, an India-based independent power producer, has signed an agreement for a business combination with RMG Acquisition Corporation II, a special purpose acquisition company (SPAC), resulting in ReNew Power ...
Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli, Daman and Diu DISCOMs
Torrent Power has emerged as the highest bidder for the acquisition of the power distribution company (DISCOM) in the union territory of Dadra & Nagar Haveli, Daman and Diu, according ...
Funding and M&A Roundup: Battery Maker Enevate Secures $81 Million in Funding
Volta Energy Technologies, an investor in battery and energy storage technologies, has announced an initial closing on its venture fund focused on batteries, energy storage, and related hardware and software ...
Ashok Leyland to Buy Solar Via Group Captive Model from Hinduja Group’s Open Access Project
Ashok Leyland, the multinational automobile company owned by the Hinduja Group has announced that it has invested ₹186.6 million (~$2.56 million) for a 26% stake in Prathama Solarconnect Energy Private ...
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021
Sterling and Wilson Solar’s (SWSL) revenue from operations stood at ₹13.11 billion (~$180.8 million) in the third quarter (Q3) of the financial year 2021 (FY 2021), up 22% from ₹10.76 ...
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021
The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity
Azure Power posted a 15.6% rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) on the back of an increase in its operational ...
Macquarie Infrastructure Raises $1.9 Billion for Investment in Renewable Projects
Macquarie Infrastructure and Real Assets (MIRA) has raised nearly €1.6 billion (~$1.93 billion) for investments in renewable energy projects with the closure of the Macquarie Green Investment Group Renewable Energy ...
REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021
REC Limited has announced that it has registered a net profit of ₹22.6 billion (~$310.9 million) in the third quarter (Q3) of the financial year (FY) 2021, an increase of 38% ...
Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits
Tata Power has said its total revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) stood at ₹77.4 billion (~$1.06 billion), up 8% from ₹71.7 billion (~$986 ...
Project Finance Brief: Total Acquires 2.2 GW of Solar, 600 MW of Storage Projects in Texas
Total, a French oil and gas major, acquired a development pipeline of 2.2 GW of solar projects, and 600 MW of battery storage assets, all located in Texas. The projects ...
Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring
Suzlon Energy Limited has announced a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its ...
Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar
Adani Green Energy Limited (AGEL) reported a 61% rise in total income in Q3 2021 compared to the same quarter the previous year. During the quarter, AGEL earned ₹8.43 billion ...
Project Finance Brief: Nautilus Solar Acquires Distributed Generation Projects
Nautilus Solar Energy, a solar project developer, has acquired three distributed generation solar projects in Maine totaling 19.2 MW from Walden Renewables Development. The projects located in the towns of ...
Funding and M&A Roundup: Microinverter Company Enphase Acquires Sofdesk
Enphase Energy, a microinverter technology provider for the solar industry, has announced the closing of its acquisition of Sofdesk. Sofdesk's Solargraf integrated software platform offers the industry's digital tools and ...
CDC Announces $30 Million Green Lending Facility to Tata Cleantech Capital
U.K.'s development finance institution and impact investor, CDC Group, has announced a $30 million facility to Tata Cleantech Capital Limited (TCCL) through CDC's directed green lending facility. This first of ...
European Commission to Provide €2.9 Billion to Support Battery Innovation
The European Commission (EC) has agreed to provide up to €2.9 billion (~$3.52 billion) to support the 'European Battery Innovation' project for research and innovation in the battery value chain ...
Government Mulls Imposing Green Tax on Vehicles Older Than Eight Years
The Minister of Road Transport and Highways (MoRTH), Nitin Gadkari, has approved a proposal to levy 'Green Tax' on old vehicles polluting the environment. MoRTH has forwarded the proposal to ...
Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020
Total corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors in 2020 was up 112% at $8.1 billion ...
Battery Company Gegadyne Raises $4.5 million from V-Guard
Gegadyne Energy Labs, a provider of quick charging battery technology, has raised ₹334 million (~$4.5 million) from V-Guard Industries in a 'Series A' round of investments. V-Guard is an electrical ...
French Oil and Gas Major Total to Acquire 20% Stake in Adani Green for $2.5 Billion
Total, a French oil and gas major, has acquired a 20% minority interest in Adani Green Energy (AGEL) from Adani Group. The two partners agreed to the acquisition of a ...
Funding and M&A Roundup: Loanpal Securitizes $474 Million Residential Solar Loans
Loanpal, a solar loan origination platform that finances solar systems and batteries, announced that Loanpal Solar Loan 2021-1 and Loanpal Solar Loan 2021-1 (LPSLT 2021-1) had closed a securitization of ...
Project Finance Brief: Goldman Sachs Renewable Power Acquires a 300 MW Solar Project
Pine Gate Renewables, a fully-integrated utility-scale solar project developer, closed financing on a 12-project fund of solar and solar plus storage sites in North Carolina. The projects will sell power under ...
