Amazon to Issue $1 Billion Sustainability Bonds to Fund Green Projects

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

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

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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup Battery Company Solid Power Raises $130 Million

Funding and M&A Roundup: Battery Company Solid Power Raises $130 Million

Solid Power, producer of all-solid-state batteries for electric vehicles, raised a $130 million Series B investment round led by the BMW Group, Ford Motor Company, and Volta Energy Technologies. Ford ...
/ / Finance and M&A, Other
Funding and M&A Roundup Residential Solar Installer SunRoof Raises €4.5 million

Funding and M&A Roundup: Residential Solar Installer SunRoof Raises €4.5 Million

PosiGen, a provider of renewable energy and efficiency solutions for low-to-moderate-income households, closed a Series D growth equity financing with an additional $27 million investment from a syndicate of private ...
/ / Finance and M&A, Other
Project Finance Brief Goldman Sachs' Renewable Arm to Finance a 216 MW Solar Project

Project Finance Brief: Goldman Sachs’ Renewable Arm to Finance 216 MW Solar Projects

CS Energy, an integrated energy firm that designs and builds optimized projects in the solar, storage, and emerging energy industries, has partnered with the Goldman Sachs Renewable Power Group and ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Solar Installer Kuubix Expects $104 Million in Funding

Funding and M&A Roundup: Maxeon Solar Technologies to Raise $125 Million by Public Offering

Maxeon Solar Technologies announced the pricing of an underwritten public offering of $125 million of ordinary shares at a price of $18.00 per share. Maxeon also granted the underwriters a 30-day option to ...
/ / Finance and M&A, Other
Project Finance Brief_ BayWa r.e. Secures Loan of $216 Million for a 200 MW Solar Project

Project Finance Brief: BayWa r.e. Secures Loan of $216 Million for a 200 MW Solar Project

Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
/ / Finance and M&A, Other
Government-owned Power Financing Institutions Reduce Lending Rates (2)

Government-owned Power Financing Institutions Reduce Lending Rates

State-owned non-banking financial firms, Power Finance Corporation (PFC), and REC will reduce lending rates by up to 2% points from April 1, 2021. According to the PTI, the PFC said, ...
/ / Finance and M&A, Other
Japan's JICA to Loan Upto JPY 10 Billion to Tata Cleantech to Finance Renewables

Japan’s JICA to Loan up to JPY 10 Billion to Tata Cleantech to Finance Renewables

Japan International Cooperation Agency (JICA) has signed a loan agreement for a maximum amount of JPY 10 billion (₹6.65 billion) with Tata Cleantech Capital (TCCL), an Indian non-banking financial company ...
/ / Finance and M&A, Other
Hero Future Energies Garners Huge Response for Its First Dollar Green Bond Offering

Hero Future Energies Garners Huge Response for Its First Dollar Green Bond Offering

The renewable energy venture of the Hero Group, Hero Future Energies (HFE), issued their first USD bond in global markets. The green bond was issued through Clean Renewable Power (Mauritius), ...
/ / Finance and M&A, Other
Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Smart Joules, an energy-efficiency-as-a-service company, said it raised $4.1 million in Series A funding from ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator, Saket Burman from the Dabur ...
ReNew Power

Post IPO, ReNew Power Plans Over 18 GW of Renewables by 2025

ReNew Power, an India-based independent power producer, has plans to build a pipeline of around 18-19 GW of renewable capacity by the end of the financial year (FY) 2025, Sumant ...
/ / Finance and M&A, Other
Lithium-Ion Battery Manufacturer Northvolt Acquires Cuberg

Lithium-Ion Battery Manufacturer Northvolt Acquires Cuberg

Northvolt, a Sweden-based lithium-ion battery manufacturer, has acquired Cuberg, a U.S.-based battery technology company delivering lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions. Cuberg, spun out ...
/ / Finance and M&A, Other
IEX’s Green Term-Ahead Market Trades Over 37 Million Units of Solar Power in February

IEX’s Green Term-Ahead Market Trades Over 37 Million Units of Solar Power in February

The electricity market at Indian Energy Exchange (IEX) traded a volume of 6769 MU (million units) and registered a 50% year-on-year (YoY) growth in February 2021. The Green Term-Ahead Market ...
/ / Finance and M&A, Other
Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Japan-based financial services group Orix Corporation has announced that it has completed its acquisition of 21.8% stake in Indian renewable energy developer Greenko Energy Holdings. In September 2020, Orix had ...
/ / Finance and M&A, Other
Siemens Acquires C&S Electric for ₹21 Billion, Expands to Low-Voltage Power Market

Siemens Acquires C&S Electric for ₹21 Billion, Expands to Low-Voltage Power Market

Siemens has acquired an electrical equipment manufacturer C&S Electric after receiving the Competition Commission of India's approval. The company has completed the acquisition of 99.22% equity shares of C&S Electric ...
/ / Finance and M&A, Other
Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020

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

First Solar Reports 56% 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 56% from about $1.4 billion in ...
ReNew Power to Go Public in an $8 Billion SPAC Deal

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 ...
/ / Finance and M&A, Other
Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli and Daman and Diu DISCOMs

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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Battery Maker Enevate Secures $81 Million in Funding

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 ...
/ / Finance and M&A, Other
Ashok Leyland to Buy Solar Via Group Captive Model from Hinduja Group' Open Access Project

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 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

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 ...
/ / Finance and M&A, Grid