Larsen & Toubro Secures $107 Million Sustainability-Linked Loan from Sumitomo
Mumbai-based multinational conglomerate Larsen & Toubro (L&T) said it has closed a three-year $107 million sustainability-linked loan (SLL) from Sumitomo Mitsui Banking Corporation (SMBC). The company said the loan underscores ...
Adani Green Raises a Yen-Denominated $205 Million Facility to Refinance Debt
Adani Green Energy (AGEL), through its subsidiary Adani Solar Energy AP Six, has raised a project loan facility of ¥27.95 billion (~$205.31 million) to help refinance its debt. The facility ...
Funding and M&A Roundup: Swell Energy Raises $120 Million for Virtual Power Plants
From: Mercom Capital Group Swell Energy, a provider of virtual power plant (VPP) programs for homeowners and businesses, raised $120 million to accelerate the deployment of its offerings across the United States. SoftBank ...
Ontario Teachers’ to Invest $805 Million for Acquiring 2 GW Renewable Portfolio
Ontario Teachers’ Pension Plan (OTPP) Board will invest close to $805 million in a convertible equity portfolio financing with NextEra Energy Partners to help it acquire a nearly 2 GW ...
Transition VC Launches ₹4 Billion Fund to Support Cleantech Startups
India's first energy transition-focused venture capital firm, Transition VC, has launched a fund with a target corpus of ₹4 billion ($48.9 million), which includes a greenshoe option of ₹2 billion ...
Funding and M&A Roundup: BlackRock Acquires Energy Storage Developer Jupiter Power
From: Mercom Capital Group Through a fund managed by its Diversified Infrastructure business, BlackRock Alternatives has agreed to acquire Jupiter Power, an operator, and developer of stand-alone utility-scale battery energy storage systems, ...
Nordex’s 9M Net Loss Grows to €372 Million on Supply Chain Disruptions
Germany-based wind turbine manufacturer Nordex SE reported a net loss of €371.6 million (~$385.1 million) in the first nine months (9M) of the calendar year (CY) 2022, compared to €103.7 ...
Edelweiss Closes Energy InvIT Worth ₹23 Billion, to Invest in Renewables
Edelweiss Real Assets Managers, part of Edelweiss Alternatives, an India-based alternative asset advisor, has closed its maiden energy infrastructure investment trust (InvIT) - AnZen India Energy Yield Plus Trust, with ...
ReNew Power’s Q2 FY23 Revenue Inches Up by 5% YoY
Independent renewable power producer ReNew Power posted revenue of ₹22.4 billion ($275 million) in the second quarter (Q2) of the financial year (FY) 2023, up 5.1% year-over-year (YoY). The revenue ...
Funding and M&A Roundup: iSun Raises $25 Million in Debt Financing
From: Mercom Capital Group iSun, a solar service provider across residential, commercial, industrial & municipal, and utility-scale projects, secured a $25 million debt financing as a Senior Secured Convertible Notes Facility with a single ...
SJVN’s Profit Up 10% YoY to ₹4.45 billion in Q2 FY23
SJVN Limited, a joint venture between the Government of India and the Government of Himachal Pradesh, posted a profit of ₹4.45 billion (~$55.22 million) in the second quarter (Q2) of ...
IREDA’s Loan Approvals for Renewables Swell by 89% QoQ in Q2 FY23
Indian Renewable Energy Development Agency (IREDA) has posted a profit of ₹1.84 billion (~$22.83 million) in the second quarter (Q2) of the financial year (FY) 2023, marking an increase of ...
Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22
Spain-based wind engineering company Siemens Gamesa Renewable Energy reported a profit of €286 million ($293.34 million) in the fourth quarter (Q4) of the fiscal year (FY) 2022, a year-on-year (YoY) ...
Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses
Gujarat-based power company Torrent Power’s profit increased year-over-year (YoY) by 32% to ₹4.8 billion (~$60.04 million) in the second quarter (Q2) of the financial year (FY) 2022-23 due to a ...
Adani Green’s Profits Up 50% YoY in Q2 FY23 on the Back of Higher Sale of Power
Adani Green Energy (AGEL) posted cash profits of ₹6.01 billion (~$73.98 million) in the second quarter (Q2) of the financial year (FY) 2023, a 50% increase over ₹4.01 billion (~$49.36 ...
Zinc Battery Maker Eos Energy Reports $70.7 Million Loss in Q3, Ramps Production
U.S-based sustainable zinc-based energy storage solutions provider Eos Energy Enterprises reported a net loss of $70.7 million for the third quarter (Q3) of 2022 due to the ongoing production ramp-up ...
SunPower Swings To $139 Million Profit in Q3 Owing to Record Customer Additions
Distributed generation storage and energy services provider SunPower Corporation posted a net income of $139 million for the third quarter (Q3) of 2022, compared with a loss of $84.4 million ...
Funding and M&A Roundup: Carlyle Acquires Majority Stake in Aspen Power for $350 Million
From: Mercom Capital Group Carlyle, a global investment firm, acquired a majority stake in Aspen Power Partners, a distributed generation platform focused on solar and storage assets across the U.S., for $350 million. The ...
KKR to Invest $400 Million in Serentica Renewables
Private equity firm KKR will invest $400 million in Serentica Renewables to ramp up its clean energy portfolio and provide energy transition solutions to industries. Serentica Renewables has recently entered ...
Hitachi Energy India’s Q2 FY23 Profit Up 8.5% YoY
Hitachi Energy India reported a profit after tax of ₹372 million ($4.5 million) in the second quarter (Q2) for the financial year (FY) 2023, an increase of 8.5% year-over-year (YoY) ...
Funding and M&A Roundup: Ascend Elements Secures $300 Million in Funding
From: Mercom Capital Group Ascend Elements, a provider of closed-loop battery materials solutions, raised $300 million in equity and debt financing. The funding round includes $200 million in Series C equity investments ...
JSW Energy’s Profit Rises 37% YoY in Q2 2023
Integrated power company JSW Energy posted a profit after tax (PAT) of ₹4.66 billion (~$56.31 million) in the second quarter (Q2) of the financial year (FY) 2023, a year-over-year (YoY) ...
NTPC’s Q2 FY23 Consolidated Net Profit Dips 7.4% on Higher Fuel Cost
State-owned power producer NTPC reported a net profit of ₹34.2 billion (~$414.6 million) for the second quarter of the current fiscal year, a dip of 7.4% compared to the same ...
Saudi Oil Major Aramco to Set Up $1.5 Billion Sustainability Fund
Saudi Aramco, a global energy and chemicals company, has established a $1.5 billion sustainability fund to invest in technology to support a stable and inclusive energy transition that will help ...
Apple to Decarbonize its Supply Chain by 2030, Add 3,000 GWh Renewable Energy Annually
Apple has called on its global supply chain partners to take assertive steps towards decarbonization and address greenhouse gas emissions. The company plans to evaluate the initiatives of its major ...
