Saudi Arabia’s ACWA Power Secures $114 Million for the 200 MW Solar Project in Egypt
Saudi Arabia’s energy giant ACWA Power has received a $114 million financing package for the 200 MW Kom Ombo solar project in Egypt from four agencies. The European Bank for ...
Rooftop Solar Company Freyr Energy Raises ₹180 Million in Funding
Hyderabad-based rooftop solar company Freyr Energy announced an equity investment of ₹180 million (~$2.3 million) from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia (SEEAA), and Capital 4 Development ...
SECI Payouts to Solar and Wind Developers Down to ₹4.08 Billion in February 2021
The Solar Energy Corporation of India (SECI) paid nearly ₹4.08 billion (~$56.2 million) to solar and wind developers for the purchase of power in February 2021, as per the data ...
Solar Developers Desperately Need Access to Project Financing, Cheaper Funds
What lies ahead for the renewable energy sector in India? Will investments dry up, or will 2021 bring out the best for the sector? A discussion on these vital issues ...
IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan
International Finance Corporation (IFC) has proposed a $50 million loan facility to Italy-based Enel Green Power to fund its solar project in Rajasthan’s Bikaner. The 300 MW Thar Surya solar photovoltaic ...
Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson
Solar developer Amplus Solar has announced the acquisition of 17 on-site operational solar projects from Sterling and Wilson Private Limited. Spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana, and ...
Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions
The solar industry has emerged stronger after the pandemic, which is still raging worldwide. But solar projects have been considered as 'investment havens' in the uncertain COVID-19 world because of ...
Access to Solar Project Finance is Key to Achieving India’s Ambitious Targets
India has taken significant strides towards transitioning to clean energy by tapping renewable sources. However, the mobilization of funds to meet India's clean energy commitments presents a formidable challenge. India ...
ReNew Power to Raise $585 Million Through Dollar Green Bonds
ReNew Power has announced the successful pricing of $585 million of 4.5% U.S. dollar-denominated senior secured 'green bonds' due 2028 on March 31, 2021, to be issued by its subsidiaries ...
Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables
Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
Edelweiss Infrastructure Acquires 74% Stake in Engie’s Solar Portfolio in India
In one of the largest transactions in the renewables space in the last year, Edelweiss Infrastructure Yield Plus (EIYP), an alternative investment fund managed by Edelweiss Alternative Asset Advisors Limited ...
Adani Green to Acquire a 75 MW Solar Project from Sterling and Wilson
Adani Green Energy Limited (AGEL) has announced that it will acquire 75 MW of operational solar assets in Telangana from Sterling and Wilson, a Shapoorji Pallonji Group subsidiary, for ₹4.46 ...
Bharti Airtel Increases its Stake in Avaada Energy’s Group Captive Solar Project
Bharti Airtel, one of India's largest telecom companies, has joined hands with Avaada Energy and decided to buy an additional 3.3% stake in the special purpose vehicle (SPV) Avaada MHBuldhana ...
Adani Green to Acquire a 50 MW Solar Project from SkyPower Global
Adani Green Energy Limited (AGEL) announced that it had signed a share purchase agreement to acquire a 100% stake in an SPV (Special Purpose Vehicle) holding a 50 MW operating ...
Solar Monitoring and Analytics Platform Prescinto Closes $3.5 Million in Seed Funding
Solar monitoring and analytics platform Prescinto has announced the close of $3.5 million in seed round funding. The round was led by Venture Catalysts, with participation from Inflection Point Ventures, ...
Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020
Canadian Solar, a Canada-based solar module manufacturer, reported an 8.6% increase in net revenue with $3.47 billion in 2020 compared to $3.20 billion in 2019 owing to a 32% annual ...
USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs
The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) announced a $41 million loan guarantee program to finance investment in renewable energy solutions, ...
Adani Green Secures $1.35 Billion Debt Financing For Its Renewable Energy Portfolio
In an important development, Adani Green Energy Limited (AGEL) has raised a $1.35 billion (~₹97.93 billion) debt package for its under-construction renewable asset portfolio, according to a press release. The ...
SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021
The Solar Energy Corporation of India (SECI) paid about ₹4.25 billion (~$58.6 million) to solar and wind developers in January 2021, according to data released by the agency. These expenses ...
AC Energy Achieves Financial Closure for a 100 MW Solar Project in Rajasthan
Philippines-based AC Energy and Infrastructure (AC Energy), the investment arm of Ayala Corporation, in association with UPC Solar Asia Pacific, has achieved the financial closure of its 100 MW Sitara ...
Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020
Meyer Burger, a Switzerland-based engineering company, has unveiled its plans to enter the U.S. solar market, intending to start solar cell sales in the second half of 2021. In June, ...
Nexamp Secures $440 Million Loan for its 380 MW Solar and Storage Portfolio
Nexamp, a U.S.-based solar energy company, has secured a $440 million senior secured credit facility for its 380 MW of solar and storage portfolio that spreads across five states and ...
AfDB Approves $27 Million for the Development of a 200 MW Solar Project in Egypt
The African Development Bank (AfDB) has approved a loan of $27.2 million for the design, construction, and operation of a 200 MW solar project at Kom Ombo in Egypt. The ...
Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company
Distributed solar company, Fourth Partner Energy, has announced a joint venture (JV) - Empat Mitra Indika Tenaga Surya – with Indonesia-based energy company Indika Energy to speed up renewable energy transition ...
Solar Glass Manufacturer Xinyi Solar’s Profit Jumps 79% in 2020
Xinyi Solar, a China-based solar glass manufacturer and project developer, has announced a 79.52% increase in its net profit to HK$ 5.023 billion (~$647.46 million) in 2020 from HK$2.798 billion ...
