Larsen & Toubro Secures $107 Million Sustainability-Linked Loan from Sumitomo

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 ...
Renewable Energy Trading at IEX in November Dips 12%, Weighted Average Price Rebounds

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

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 ...
/ / Finance and M&A, Other
India's Top Five Renewable Energy Project Funding Deals Announced in 2022

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

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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup BlackRock Acquires Energy Storage Developer Jupiter Power

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, ...
/ / Finance and M&A, Other
Wind Turbine Maker Nordex's 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

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 ...
/ / Finance and M&A, Other
Edelweiss Energy InvIT Raises ₹23 Billion, To Invest in Renewables

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

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

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 ...
/ / Finance and M&A, Other
SJVN’s Profit Up 10% YoY to ₹4.45 billion in Q2 FY23

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 ...
/ / Finance and M&A, Other
IREDA's Loan Approvals for Renewables Swells by 89% QoQ in Q2 FY23

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 ...
/ / Finance and M&A, Other
Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

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) ...
/ / Finance and M&A, Wind
Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses

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’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

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 ...
/ / Finance and M&A, Other
SunPower Swings To $139 Million Profit in Q3 Owing to Record Customer Additions

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

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 ...
/ / Finance and M&A, Other
KKR to Invest $400 Million in Serentica Renewables

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’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

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 ...
/ / Finance and M&A, Other
JSW Energy’s Profit Rises 37% YoY in Q2 2023

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) ...
/ / Finance and M&A, Other
NTPC’s Q2 FY23 Consolidated Net Profit Dips 7.4% on Higher Fuel Cost

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 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 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 ...