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
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

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 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 ...
/ / Finance and M&A, Other
REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

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 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

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 ...
/ / Finance and M&A, Other
Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

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 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

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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Microinverter Company Enphase Acquires Sofdesk

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 ...
/ / Finance and M&A, Other
CDC Announces $30 Million Green Lending Facility to Tata Cleantech Capital

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 ...
/ / Finance and M&A, Other
European Commission to Provide €2.9 Billion to Support Battery Innovation

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