IL&FS Offers to Sell its Stake in a 6.5 MW Wind Project
The Infrastructure Leasing and Financial Services Limited (IL&FS) has invited expression of interest (EoI) to acquire 100% shares of Ramagiri Renewable Energy (6.5 MW wind project) and purchase fixed assets ...
Bill Gates Launches Breakthrough Energy Catalyst to Boost Cleantech Funding & Innovation
The co-founder of Microsoft Corporation and the billionaire philanthropist Bill Gates has teamed up with a group of philanthropists, companies, and governments to launch a new climate financing program - ...
GODI Energy Raises Funds from Blue Ashva to Set Up Supercapacitor & Li-ion Cell Facility
Hyderabad-based energy technology company GODI India has raised funds from Blue Ashva Capital through its Blue Ashva Sampada Fund. The company will use the funds to set up supercapacitor and lithium-ion (Li-ion) cell ...
Energy Storage Start-Up Indi Energy Raises Seed Funding from Mumbai Angels
Indi Energy, an Indian energy storage start-up, has raised an undisclosed amount in seed funding from Mumbai Angels Network, a start-up investment platform for early-stage venture investment. Indi Energy said it ...
Renewable Technology Company Heliogen to Go Public in a $2 Billion SPAC Deal
Heliogen, a California-based renewable technology company, has signed an agreement for a business combination with Athena Technology Acquisition Corp, a special purpose acquisition company (SPAC), resulting in Heliogen becoming a publicly ...
Saudi-Based Alfanar Completes Acquisition of Wind Turbine Maker Senvion India
Saudi Arabia-based renewable energy projects developer Alfanar – has acquired 100% stake in wind turbine original equipment manufacturer (OEM) Senvion India from Senvion GmbH. The acquisition was made through Global ...
Climate Financing by Multilateral Development Banks Reaches $66 Billion in 2020
A group of nine multilateral development banks (MDBs) have published a report on Climate Finance 2020. The report reveals that the MDBs provided a total of $66 billion towards green ...
Battery Management Company ION Energy Raises $3.6 Million
ION Energy, an advanced battery management solutions provider for e-mobility and energy storage applications has announced that it has raised $3.6 million in Pre-Series A funding. The funding was raised ...
Battery Company Solid Power to Go Public in a $1.2 Billion SPAC Deal
Producer of all-solid-state batteries for electric vehicles Solid Power and Decarbonization Plus Acquisition Corporation III (DCRC), a special purpose acquisition company (SPAC), have announced a definitive agreement for a business ...
Lithium-Ion Battery Maker Northvolt Raises $2.75 Billion to Finance Expansion Plans
Sweden-based lithium-ion battery manufacturer Northvolt has signed a $2.75 billion private placement to finance its battery cell production expansion and research and development (R&D) efforts. The annual production capacity of ...
Project Finance Brief: 7X Energy Sells 130 MW Solar Project to KOMIPO America
7X Energy, a utility-scale solar developer, owner, and asset manager, has sold its 130 MW Elara Energy project located in Frio County, Texas, to KOMIPO America, a U.S. subsidiary of ...
Funding and M&A Roundup: RayGen Resources Raises A$27 Million for Solar-Plus-Storage
RayGen Resources, an Australian deep-technology originator and developer of innovative solar-plus-storage projects, has secured A$27 million (~$20 million) funding as part of a Series C Capital Raise. The private funding ...
Biofuel Company Greenjoules Raises $4.52 Million from Blue Ashva Capital
Pune-based biofuel company Greenjoules has raised ₹330 million (~$4.52 million) in a 'Series A' round of funding from Blue Ashva Capital through its Blue Ashva Sampada Fund. Blue Ashva Capital ...
Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan
State-owned power transmission company Power Grid Corporation of India (PGCIL) has acquired two transmission projects - Fatehgarh Bhadla Transco Limited and Sikar New Transmission Limited under Phase II, Part-B, and ...
REC’s Profits Surge 71% Year-Over-Year to ₹83.62 Billion in FY 2021
REC Limited has announced the consolidated financial results for the fourth quarter (Q4) and financial year (FY) 2021. REC's net profit surged by 71% in FY 2021 to ₹83.62 billion ...
Funding and M&A Roundup: Aurora Solar Raises $250 Million in Series C Funding
Aurora Solar, a U.S.-based solar software company, has closed a $250 million Series C funding round led by Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures and Fifth Wall. In ...
Project Finance Brief: Sonnedix Acquires a 22 MW Solar Portfolio in Italy
Sonnedix, an independent solar power producer (IPP), has completed the acquisition of a 22.3 MW portfolio of solar PV projects located in Italy from Spanish IPP Solarig. The portfolio comprises ...
Funding and M&A Roundup: Aker Horizons Acquires Mainstream Renewable Power
Aker Horizons, an investment company, closed the transaction to acquire Mainstream Renewable Power, an independent renewable energy company. Existing Mainstream shareholders have re-invested and retained 25% ownership in the company ...
Project Finance Brief: Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile
Sonnedix, the global solar independent power producer, and Cox Energy América, a solar energy company, closed a $120 million financing from Sumitomo Mitsui Bank Corporation through the joint venture Sonnedix ...
ADB to Discontinue Financing Coal Projects
The Asian Development Bank (ADB), under its draft energy policy, has announced that it will discontinue financing any new coal-fired capacity for power and heat generation or any facilities associated ...
Project Finance Brief: Sonnedix Raises €172 Million to Refinance its Solar Projects
Sonnedix Japan, the Japanese subsidiary of global solar independent power producer Sonnedix, has achieved financial close of €172 million (~$209 million) for the refinancing of a 55 MW solar project ...
Funding and M&A Roundup: Solar Cell Manufacturer Exeger Raises $38 Million
Exeger, the Sweden-based solar cell manufacturer, secured $38 million in financing to start building its new solar cell factory in Stockholm, Sweden. This financing round includes debt financing of $12 ...
Amazon to Issue $1 Billion Sustainability Bonds to Fund Green Projects
E-commerce giant Amazon has issued a $1 billion sustainability bond to fund ongoing and new projects in five key green spheres. The company aims to finance green and social projects ...
EIB and SBI Launch €100 Million Climate Action and Sustainability Financing
In a significant development, the European Investment Bank (EIB) and the State Bank of India (SBI) have launched a new initiative of €100 million (~$121.63 million) for climate action and ...
Project Finance Brief: Lightsource bp Acquires 156 MW Solar Projects in Italy
Lightsource bp, a solar project developer, acquired three projects from Horizon Firm, a developer specialized in solar, totaling 156 MW, across the country. Two of the projects are based in ...
