Finance and M&A

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Solar Module Manufacturer Saatvik Green Files for ₹11.5 Billion IPO

Haryana-based solar module manufacturer Saatvik Green Energy has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise...

November 20, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Funding and M&A Roundup: Lyten Acquires Battery Manufacturing Assets from Cuberg

From: Mercom Capital Group Lyten, a lithium-sulfur battery developer, announced the acquisition of a lithium-metal battery manufacturing facility and cell-making...

November 20, 2024

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Staff

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Finance and M&A

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Solar
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Project Finance Brief: S4 Energy to Acquire 310 MW BESS Portfolio in Germany

From: Mercom Capital Group S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has agreed to...

November 20, 2024

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Staff

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Finance and M&A

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Solar
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ACME Secures ₹37 Billion Loan from REC for 320 MW FDRE Projects

ACME Sun Power, a wholly owned subsidiary of ACME Solar Holdings, has secured a ₹37.53 billion (~$444.68 million) loan from REC Limited to develop 320 MW Firm and...

November 18, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Funding and M&A Roundup: Glint Solar Raises $8 Million in Series A Funding

From: Mercom Capital Group Glint Solar, a company that provides software for solar developers, raised $8 million in a Series A funding round led by Smedvig Ventures with...

November 13, 2024

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Sohini Aich

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Finance and M&A

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Solar
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Project Finance Brief: EDP Acquires 44 MW Solar Project Portfolio in Brazil

From: Mercom Capital Group EDP, a renewable energy power producer, announced the acquisition of 16 solar projects from Tangipar Group, a solar energy company in Brazil....

November 13, 2024

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Staff

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Finance and M&A

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Solar
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Price Cuts of Imported Solar Glass Plunge Borosil Into ₹131 Million Loss in Q2

Mumbai-based solar glass manufacturer Borosil Renewables reported a net loss of ₹131.27 million (~$1.55 million) in the second quarter (Q2) of the financial year (FY)...

November 12, 2024

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Staff

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Finance and M&A

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Solar
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Suspension of Facilities Sinks REC Silicon into 112.09% YoY Net Loss in Q3 2024

Norway-based silicon material manufacturer REC Silicon‘s net loss widened 112.09% year-over-year (YoY) to $52.6 million in the third quarter (Q3) 2024 from $24.8...

November 12, 2024

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Melvin Mathew

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Finance and M&A

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Solar
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Inventory Write-Downs of $1 Billion Widen SolarEdge’s Net Loss in Q3 FY 2025

Israel-based solar inverter manufacturer SolarEdge‘s net loss expanded by over 1877% year-over-year (YoY) to $1.21 billion in the third quarter (Q3) of...

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SJVN’s Q2 FY25 Revenue Up 17% YoY, Driven by Renewables Expansion

Government-owned power generation company SJVN’s revenue rose 16.38% year-over-year (YoY) to ₹11.08 billion (~$131.33 million) in the second quarter (Q2) of the...

November 11, 2024

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Staff

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Finance and M&A

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Other

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Solar

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Wind
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Sunrun’s Q3 Revenue Dips 4.6% with $537.3 Million, Misses Estimates

U.S.-based solar energy, battery, and storage services provider Sunrun reported revenue of $537.2 million in the third quarter (Q3) of 2024, a 4.62% decline...

November 11, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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ACME Solar Holdings’ IPO Oversubscribed Nearly 3 Times

Solar energy company ACME Solar Holdings’ ₹29 billion (~$344.85 million) initial public offering (IPO) received tepid interest from investors. At the end of the bidding...

November 8, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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FREYR to Buy Trina Solar’s 5 GW Solar Module Facility in U.S. for $340 Million

Norway-based FREYR Battery has announced it is acquiring China-headquartered solar photovoltaics company Trina Solar‘s U.S. solar manufacturing assets for $340...

November 8, 2024

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Namratha A Rai

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Finance and M&A

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Manufacturing

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Modules

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Solar
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Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec

Norway-based renewable energy solutions provider Scatec reported a 1,632% year-over-year (YoY) rise in net profit to NOK1.65 billion (~$150.18 million) in the third...

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Project Finance Brief: Primergy Secures $225 Million in Financing for Valley of Fire Portfolio

Primergy Solar, a developer of distributed and utility-scale solar and battery storage projects, announced closing $225 million in project financing for developing its...

November 6, 2024

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Staff

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Finance and M&A

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Solar

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