EverSource Capital Closes One of India’s Largest Climate Impact Fund at $741 Million

EverSource Capital Closes One of India’s Largest Climate Impact Fund at $741 Million

EverSource Capital announced the financial closure of India’s largest climate impact fund, the Green Growth Equity Fund (GGEF), at $741 million. The GGEF is now one of the largest single-country ...
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Indian Railway Finance Corporation Raises $500 Million Through Green Notes Issuance

Indian Railway Finance Corporation Raises $500 Million Through Green Notes Issuance

Indian Railway Finance Corporation (IRFC), the financial arm of Indian Railways, has issued $500 million of denominated, senior and unsecured green notes under its $7 billion global medium-term note program ...
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REC Limited Raises $1.175 Billion to Provide Low-Cost Financing for Power Projects

REC Limited Raises $1.175 Billion to Provide Low-Cost Financing for Power Projects

REC Limited, a public infrastructure finance company, involved in financing power projects, has raised $1.175 billion (~₹82.45 billion) from a consortium of seven banks as the Mandated Lead Arrangers and ...
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Reliance Industries to Invest Close to ₹6 Trillion on Green Energy Projects in Gujarat

Reliance Industries to Invest Close to ₹6 Trillion on Green Energy Projects in Gujarat

Reliance Industries Limited (RIL) has signed a memorandum of understanding (MoU) with the Government of Gujarat to invest ₹5.955 trillion (~$80.61 billion) in renewable projects as a part of the ...
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Project Finance Brief Ashtrom, Kenlov to Acquire 1.1 GW of Solar Portfolio in the US

Project Finance Brief: Ashtrom, Kenlov to Acquire 1.1 GW of Solar Portfolio in the US

From: Mercom Capital Group Ashtrom Group, an Israel-based construction and property company, and Kenlov Renewable Energy, an independent power producer, signed a definitive agreement to acquire four solar projects in ...
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Ark Energy Acquires Utility-Scale Wind and Solar Project Developer Epuron Holdings

Ark Energy Acquires Utility-Scale Wind and Solar Project Developer Epuron Holdings

Ark Energy Corporation, an Australian subsidiary of Korea Zinc, will acquire a 100% stake in utility-scale wind and solar project developer Epuron Holdings. After completing the transaction, Ark Energy will ...
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German Development Bank KfW to Raise €10 Billion Through Green Bonds in 2022

German Development Bank KfW to Raise €10 Billion Through Green Bonds in 2022

German development bank Kreditanstalt für Wiederaufbau (KfW) plans to raise €80 billion (~$90.35 billion) to €85 billion (~$96 billion) of funding in 2022, which will include at least €10 billion (~$11.3 billion) of green bond ...
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Schroders To Acquire a Majority Stake in Renewables Investor Greencoat for $474 Million

Schroders to Acquire a Majority Stake in Renewables Investor Greencoat for $474 Million

Schroders, a London-based asset management company, announced that it had signed an agreement to acquire a 75% shareholding in Greencoat Capital Holdings, a British renewables investor, for £358 million (~$474.09 million) ...
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Funding and M&A Roundup Battery Cell Manufacturer SVOLT Raises $1 Billion

Funding and M&A Roundup: Battery Cell Manufacturer SVOLT Raises $1 Billion

From: Mercom Capital Group SVOLT, a battery cell manufacturer, raised ¥6 billion (~$1 billion) in a financing round. The company plans to invest the fresh capital mainly in developing new ...
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Stem to Acquire Solar Asset Software Service Provider Also Energy for $695 Million

Stem to Acquire Solar Asset Software Service Provider AlsoEnergy for $695 Million

Stem, a U.S.-based artificial intelligence-driven (AI) energy storage software and services provider, has entered into a definitive agreement to acquire AlsoEnergy, a U.S.-based solar asset management software provider, in a ...
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Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

The foreign direct investment (FDI) in India's renewable energy sector stood at $1.03 billion (~₹77.55 billion) for the first half (1H) of the financial year (FY) 2021-22. The renewable sector ...
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Bengaluru-based EV Startup Ultraviolette Automotive Raises Series C Funding

Bengaluru-based EV Startup Ultraviolette Automotive Raises Series C Funding

Ultraviolette Automotive, a Bengaluru-based electric vehicle (EV) startup, has raised an undisclosed amount in a Series C funding round led by TVS Motor Company.   Zoho Corporation also participated in the ...
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EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round

EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round

Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. The round was led by YourNest VC, with participation from 3one4 Capital, ...
Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation-led consortium has announced that it would acquire a 51% equity stake in Singapore-based solar developer Cleantech Solar for up to $150 million. The consortium includes Keppel Asia Infrastructure Fund ...
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Project Finance Brief TagEnergy Acquires a 99.9 MW Battery Project for $85.8 Million

Project Finance Brief: TagEnergy Acquires a 99.9 MW Battery Project for $85.8 Million

From: Mercom Capital Group TagEnergy, a clean energy company investing in competitive generation and storage assets, has acquired a 100% stake in the 99.9 MW Lakeside battery energy storage system ...
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Project Finance Brief NextEra to Sell 50% Stake in 2.5 GW US Renewable Portfolio

Project Finance Brief: NextEra to Sell 50% Stake in 2.5 GW US Renewable Portfolio

From: Mercom Capital Group NextEra Energy, through its subsidiary NextEra Energy Resources, has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 MW long-term contracted ...
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Hydrogen Fuel Cell Provider Plug Power Acquires Applied Cryo Technologies

Hydrogen Fuel Cell Provider Plug Power Acquires Applied Cryo Technologies

Plug Power, a U.S.-based hydrogen fuel cell provider, has acquired Applied Cryo Technologies, which offers technology, equipment, and services for the transportation, storage, and distribution of liquified hydrogen and other cryogenic ...
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Funding and M&A Roundup Lithium-ion Battery Manufacturer Mitra Raises $20 Million

Funding and M&A Roundup: Lithium-ion Battery Manufacturer Mitra Raises $20 Million

From: Mercom Capital Group Mitra Future Technologies (Mitra Chem), a lithium-ion battery materials manufacturer, raised $20 million in a Series A funding round. Social Capital led the round with the ...
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Battery-Grade Lithium Producer Mangrove Raises $10 Million in Series A Funding

Battery-Grade Lithium Producer Mangrove Raises $10 Million in Series A Funding

Battery-grade lithium hydroxide producer Mangrove Lithium has closed a $10 million Series A investment round led by Breakthrough Energy Ventures (BEV). The fund will be used to build its first ...
Sembcorp Acquires 98% Stake in a 658 MW Wind, Solar Portfolio in China for $517 Million

Sembcorp Acquires 98% Stake in a 658 MW Wind, Solar Portfolio in China for $517 Million

Singapore-based renewable energy company Sembcorp Industries, through its 100% subsidiary Sembcorp Energy (Shanghai), has acquired a 98% stake in a 658 MW portfolio of operational wind and solar photovoltaic (PV) assets ...
Sterling and Wilson Solar's QoQ Revenue Up 20% in Q2 FY22

Sterling and Wilson Solar’s QoQ Revenue Up 20% in Q2 FY22

Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹14.38 billion (~$193.24 million) in the second quarter (Q2) of the ...
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Suzlon Registers 18% Quarterly Increase in Net Revenue in Q2 FY 2022

Suzlon Registers 18% Quarterly Increase in Net Revenue in Q2 FY 2022

Pune-based renewable energy solutions provider Suzlon Energy Limited has reported net revenue of ₹13.47 billion (~$180.80 million) for the second quarter (Q2) of the financial year (FY) 2022, an increase of 18% ...
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Virescent Renewable Energy Trust Raises ₹21.5 Billion in Debt Financing

Virescent Renewable Energy Trust Raises ₹21.5 Billion in Debt Financing

Virescent Renewable Energy Trust (VRET), a renewable energy infrastructure investment trust (InvIT) from KKR's Virescent Infrastructure, has raised a total of ₹21.5 billion through listed non-convertible debentures and long-term debt financing ...
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Project Finance Brief Competitive Power Acquires 460 MW of Solar Projects from Belltown

Project Finance Brief: Competitive Power Acquires 460 MW of Solar Projects from Belltown

From: Mercom Capital Group Competitive Power Ventures (CPV), an electric power generation development and asset management company, has completed the acquisition of two solar PV projects under development from Belltown ...
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Biofuel Trading Platform Buyofuel Raises ₹16 Million in a Seed Funding Round

Biofuel Trading Platform Buyofuel Raises ₹16 Million in a Seed Funding Round

Buyofuel, an Indian online marketplace for biofuel and wastes, raised over ₹16 million (~$214,887) in a seed funding round led by Inflection Point Ventures (IPV). The funding will be utilized ...
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