ReNew Power Raises $325 Million through Overseas Green Bonds

ReNew Power Raises $325 Million through Overseas Green Bonds

ReNew Power, an Indian independent power producer, has raised around $325 million through overseas green bonds. Green bonds are financial instruments designed to raise money for climate and sustainability-related projects ...
/ / Finance and M&A, Solar
Solar Tracking Company Array Technologies Closes IPO After Raising Over $ 1 Billion

Solar Tracking Company Array Technologies Closes IPO After Raising Over $1 Billion

Array Technologies, a U.S.-based manufacturer of solar tracking systems used in large-scale projects,  has announced eh close its upsized initial public offering (IPO) after raising over $1 billion in one ...
/ / Finance and M&A, Solar
Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Energy Limited (AGEL) announced that it has added 205 MW of operational solar projects worth ₹16.32 billion (~$222.9 million) to the portfolio of its joint venture with French ...
Royal DSM to Sell Solar Coating Business in a €1.6 Billion Deal

Royal DSM to Sell Solar Coating Business in a €1.6 Billion Deal

Royal DSM, a  Netherlands-based multinational corporation, has decided to sell its Resins & Functional Materials and associated business for an equity value of €1.6 billion (~$ 1.87 billion). The deal ...
/ / Finance and M&A, Solar
Adani Green Completes Acquisition of 205 MW of Operational Solar Projects from Essel

Adani Green Completes Acquisition of 205 MW of Operational Solar Projects from Essel

Adani Green Energy Limited (AGEL) said it has completed the acquisition of 205 MW of operational solar assets in Punjab, Karnataka, and Uttar Pradesh from Essel Green Energy Private Limited ...
Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio

Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio

The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company’s solar generation capacity ...
/ / Finance and M&A, Solar
Rising Solar Module Shipments Push Jinko's Revenue Up by Over 22% YoY in Q2 2020

Rising Solar Module Shipments Push Jinko’s Revenue Up by Over 22% YoY in Q2 2020

JinkoSolar, a Chinese solar module and cell manufacturer has announced the unaudited financial results for the second quarter (Q2) 2020. According to the financial statement, the total revenue of the ...
/ / Finance and M&A, Solar
Off-Grid Solar Solutions Provider Greenlight Secures $90 Million in Funding

Off-Grid Solar Solutions Provider Greenlight Secures $90 Million in Funding

Greenlight Planet, a solar Pay-As-You-Go (PAYG) off-grid solar solutions provider in sub-Saharan Africa and South Asia, secured $90 million in funding. The investment would fuel the expansion of the company’s ...
/ / Finance and M&A, Solar
Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint (1)

Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint

Symbiotics, an investment firm specialized in emerging, sustainable, and inclusive finance, issued its first bond the proceeds of which are exclusively used to finance renewable energy projects. It raised ₹1.26 ...
/ / Finance and M&A, Solar
Daqo New Energy to Invest $576 in Polysilicon Manufacturing Facilities Through IPO

Daqo New Energy to Invest $576 Million in Polysilicon Manufacturing Facilities Through IPO

Chinese solar photovoltaic (PV) grade polysilicon manufacturer Daqo New Energy Corporation has revealed plans to raise $732 million (~₹53.7 billion) for new polysilicon manufacturing facilities and working capital requirements. In its press ...
/ / Finance and M&A, Solar
Starkraft Acquires Five Irish Solar Farms Totalling 275 MW From Lightsource bp

Statkraft Acquires Five Irish Solar Farms Totaling 275 MW From Lightsource bp

Statkraft Ireland acquired five solar projects with a combined capacity of 275 MW from Lightsource bp. The projects are located in counties of Meath, Laois, Tipperary, and Cork. The acquisition is ...
/ / Finance and M&A, Solar
ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

The Asian Development Bank (ADB) and  ENGIE have signed a long-term loan agreement worth ₹4.66 billion (~ $65.6 million) to develop and operate a 200 MW (AC) solar project in ...
/ / Finance and M&A, Solar
Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Adani Green Energy Limited (AGEL) declared its financial results for the first quarter of the financial year 2020-2021. Despite COVID, The company’s revenue and ‘earnings before interest taxes depreciation amortization’ ...
/ / Finance and M&A, Solar
Japan's Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Japan’s Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Orix Corporation, a Japan-based financial services group, announced that it had signed a framework agreement with renewable energy project developer Greenko Energy Holdings, to acquire approximately 20% of its shares ...
/ / Finance and M&A, Solar
Solar Digital Deployment Solutions Provider Terabase Energy Raises $6 Million

Solar Digital Deployment Solutions Provider Terabase Energy Raises $6 Million

Terabase Energy, a U.S.-based solar digital solutions provider for utility-scale projects globally, announced that it has secured through Series A financing, led by SJF Ventures. The company's Series A financing ...
/ / Finance and M&A, Solar
BayWar.e. Acquires Sacramento-Based Solar Developer Enable Energy

BayWa r.e. Acquires Sacramento-Based Solar Developer Enable Energy

Renewable energy developer BayWa r.e. announced that it acquired Enable Energy Inc. Enable Energy is a U.S.-based commercial and industrial solar and energy storage solutions provider. The acquisition represents the ...
/ / Finance and M&A, Solar
Petronas' Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion

Petronas’ Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion

Amplus, the Indian arm of Petronas (Petroliam Nasional Bhd), a Malaysian government-owned oil and gas company, has acquired 100 MW of solar assets from ACME Solar. The deal was valued ...
/ / Finance and M&A, Solar
Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020

Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020

GCL-Poly Energy Holdings Limited, one of the largest suppliers of polysilicon to the solar market globally, warned its shareholders to expect losses to the tune of RMB 1.5 billion (~$217 ...
/ / Finance and M&A, Solar
NTPC Plans to Raise ₹150 Billion in Bonds to Meet Capital Requirements

NTPC Plans to Raise ₹150 Billion in Bonds to Meet Capital Requirements

NTPC Limited announced it plans to get its shareholders’ approval to authorize the company’s board of directors to raise about ₹150 billion (~$2.05 billion) through the issue of bonds during ...
Blackstone to Invest $300 Million in Residential Solar Loans Through Loanpal

Blackstone to Invest $300 Million in Residential Solar Loans Through Loanpal

Loanpal, a U.S.-based financial technology company, announced that in residential solar loans on the Loanpal platform. According to the press release, Blackstone, a U.S.-based global investment firm, will invest through ...
/ / Finance and M&A, Solar
Malaysia's Yinson Increases its Stake in Indian Solar Developer Rising Sun to 95%

Malaysia’s Yinson Increases its Stake in Indian Solar Developer Rising Sun to 95%

Malaysia-based, Yinson Holdings Berhad, announced that it has agreed to acquire an additional 57.5% equity interest in Rising Sun Energy Private Limited (RSE), an Indian company engaged in solar development ...
/ / Finance and M&A, Solar
Investments in India’s Solar Sector Declined Significantly in Q2

Investments in India’s Solar Sector Declined Significantly in Q2

Investments in the Indian solar sector stood at approximately $100 million (~₹7.46 billion) in the second quarter of 2020 (Q2 2020), down 90% from the previous quarter, according to Mercom's ...
/ / Finance and M&A, Solar
Tata Power Registers 10% Rise in Net Profits, 11% Dip in Revenue in Q1 2021

Tata Power Registers 10% Rise in Net Profits, 11% Dip in Revenue in Q1 2021

Tata Power announced its earnings for the quarter ended June 30, 2020 (Q1 2021), and posted a net profit of ₹2.68 billion (~$35.9 million), a 10.3% increase from ₹2.43 billion (~$32.6 ...
Power Finance Corporation Offers Loans of Over ₹1 Billion to Solar Project Developer

Power Finance Corporation Offers Loans of Over ₹1 Billion to Solar Project Developer

KPI Global Infrastructure Limited, a subsidiary of the KP Group, announced that it had received financial assistance for 15 MW of existing and 20 MW of proposed solar power projects ...
/ / Finance and M&A, Solar
French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio

French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio

Technique Solaire, a France-based solar developer, announced that it had raised €25 million (~$29.3 million) from its partners Bpifrance and Crédit Agricole Group. This marks the second round of funding for the company ...
/ / Finance and M&A, Solar