Wind Turbine Manufacturer Suzlon to Raise ₹12 Billion Through Rights Issue
India-based wind turbine manufacturer Suzlon Energy hopes to raise ₹12 billion (~$147.09 million) through a right issue of 2.4 billion company shares. The shares with a face value of ₹2 ...
Glennmont and MN To Invest €700 Million for Renewables Expansion Across Europe
Clean energy fund manager Glennmont Partners from Nuveen, in partnership with Dutch pension fund manager MN announced the launch of the Nuveen European Core Renewable Infrastructure (NECRI) strategy to provide ...
Funding and M&A Roundup: Fundamental Renewables Secures $400 Million
From: Mercom Capital Group Fundamental Renewables, the clean energy investment arm of Fundamental Advisors, has secured a $400 million credit facility to support its growing investment strategy in solar energy assets. The ...
KKR and Hero Group to Invest $450 Million in Hero Future Energies
Global investment firm Kohlberg Kravis Roberts (KKR) and the Hero Group signed definitive agreements to invest $450 million in Hero Future Energies (HFE), the renewable energy arm of the Hero ...
REC to Drive India’s Transition to Net Zero as a Development Financial Institution
REC Limited, a public infrastructure finance company under the Ministry of Power, is being considered to be given the status of a development financial institution (DFI) to steer global climate ...
Ontario Teachers’ Pension Fund Acquires 30% Stake in Mahindra Susten, Plans InvIT
Global investor Ontario Teachers' Pension Plan will acquire a 30% equity stake in Mahindra Susten, a cleantech arm of Mahindra Group, for an equity value of ₹23.71 billion (~$300 million). The ...
EV Charging Infrastructure Company TeraWatt Raises $1 Billion
California-based electric vehicle charging infrastructure company TeraWatt has secured over $1 billion of institutional capital to support the buildout of its fleet-focused charging centers and operations. Funds managed by Vision ...
Aquila Capital Raises €1 Billion for 2.6 GW of Renewable Energy Projects in Southern Europe
Aquila Clean Energy, a clean energy development platform of Germany-based asset manager Aquila Capital, has secured €1 billion (~$1.005 billion) from the European Investment Bank (EIB) and commercial banks to ...
FDI Inflow Into India’s Renewable Energy Sector Surged 269% YoY in Q1 FY 2023
Foreign Direct investment (FDI) in India’s renewable energy sector stood at $949.45 million (₹75,555 million) in the first quarter (Q1) of the financial year (FY) 2022-23, an increase of 269% ...
Hindustan Zinc to Procure Renewable Power up to 200 MW
Hindustan Zinc has acquired a 26% stake in a special purpose vehicle, Serentica Renewables India 4, for ₹3.5 billion (~$43 million) and executed a long-term renewable power delivery agreement up ...
Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV
A wholly-owned subsidiary of Tata Power, Tata Power Renewable Energy Limited (TPREL), has approved the allotment of 83.6 million equity shares with a face value of ₹10 (~$0.125) each at ...
ReNew Power Ties Up $1.1 Billion Loan for 1.3 GW Round-the-Clock Renewable Power Project
India-based independent power producer ReNew Power announced a partnership with twelve international lenders for what is deemed to be the largest External Commercial Borrowings (ECB) project finance loan totaling $1.1 ...
EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round
Electric vehicle (EV) charging startup Exponent Energy secured $13 million in its Series A funding round. The funding round led by Lightspeed Venture Partners saw participation from existing investors like ...
IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23
A non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) posted a total income of ₹7.86 billion (~$98.69 million) ...
Hydrogen Fuel Cell Company Plug Power’s Revenue Rises 21% YoY in Q2 2022
Plug Power, a U.S.-based provider of green hydrogen and fuel cell solutions, recorded a revenue of $151.27 million in the second quarter (Q2) of 2022, a 21% year-over-year (YoY) growth ...
Bill to Enable a Market to Trade Carbon Credits Introduced in the Lok Sabha
Power Minister R.K. Singh introduced a Bill to amend the Energy Conservation Act in the Lok Sabha to enable a carbon credit trading market in India. The Bill also makes ...
Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio
U.S.-based renewable energy developer and holding company Longroad Energy Holdings has announced an equity investment of $500 million by MEAG, an asset management arm for entities of Munich Re, for ...
Torrent Power Acquires 50 MW Wind Project from Inox Green
Gujarat-based power company Torrent Power has acquired a 100% stake in Wind Two Renergy from lnox Green Energy Services. The estimated acquisition cost is ₹325.1 million (~$4.09 million), representing 100% ...
Tata Power’s Revenue from Renewables Business Up 31% YoY in Q1 FY23
Tata Power has recorded consolidated revenues of ₹147.53 billion (~$1.84 billion) in the first quarter (Q1) of the financial year (FY) 2023, a 48% year-over-year (YoY) growth compared to ₹99.74 ...
BlackRock and Mubadala’s Acquisition of 11.43% Stake in Tata Power Renewables Approved
The Competition Commission of India (CCI) has approved the acquisition of an 11.43% stake in Tata Power Renewable Energy by Greenforest New Energies Bidco. Greenforest New Energies is an investment ...
MasTec to Acquire Infrastructure and Energy Alternatives for $1.1 Billion
Renewable energy construction company MasTec is acquiring renewable energy and infrastructure services provider Infrastructure and Energy Alternatives (IEA) for $1.1 billion. MasTec will acquire all of the outstanding shares of IEA ...
Mainstream and Aker Offshore Wind Merge To Create 27 GW Renewables Portfolio
The shareholders of Mainstream Renewable Power and Aker Offshore Wind, a wholly-owned subsidiary of the investment company Aker Horizons, have agreed to merge the two companies to create a robust ...
Continuum Raises $350 Million Debt for Expansion of Clean Energy Projects
India-focused renewable energy platform Continuum Green Energy has raised $350 million from two marquee global institutional investors to finance the expansion of its clean energy projects. Continuum raised the debt ...
European Commission to Invest $1.8 Billion in Innovative Clean Energy Projects
The European Commission is investing €1.8 billion (~$1.804 billion) in 17 large-scale innovative clean energy projects worldwide. The investment is part of the second call of the Commission's Innovation Fund ...
Project Finance Brief: Renewco Power Acquires 1.5 GW of Solar Projects in the US
From: Mercom Capital Group Renewco Power, a developer of utility-scale solar, wind, and battery projects, announced its expansion into the U.S. by acquiring a 1.5 GW pipeline of early-stage utility-scale ...
