African Development Bank Approves $18 Million Loan for a 50 MW Solar Project in Kenya
The African Development Bank (AfDB) has approved a senior loan of $18.17 million for the development of 50 MW Kopere solar power project in Nandi County, Kenya. The project also ...
Off-Grid Solar Solutions Provider SolarHome Raises $10 Million in Debt Financing
SolarHome, a Singapore-based Pay-As-You-Go (PAYG) off-grid solar solutions provider in southeast Asia, has raised $10 million in debt financing from a consortium of international investors, including Crowdcredit, a cross-border crowdfunding platform ...
EBRD and Green Climate Fund to Lend $73.5 Million to Kazakhstan’s 100 MW Solar Project
The European Bank for Reconstruction and Development (EBRD) has signed an agreement with a German company, Joachim Goldbeck Holding GmbH, to develop a 100 MW solar project in the Karaganda region ...
CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million
CLP India, one of the largest foreign investors in the Indian power sector, and domestic renewable energy project developer Suzlon have executed a deal for the sale of Tornado Solarfarms Limited to ...
Indian Rooftop Solar Company Freyr Energy Raises ₹270 Million in Series-A Funding
Freyr Energy, a Hyderabad-based rooftop solar company, has announced raising ₹270 million (~$3.81 million) through a mix of equity and debt investments. The company has more than 1,000 installations across ...
Canadian Solar Completes Purchase of 30 MW of Solar Projects in Telangana from Suzlon
Canadian Solar, a global module supplier and solar project developer, has announced that it has acquired remaining 51 percent stake in two solar power projects from Suzlon Energy, a leading wind ...
Prism Johnson Acquires 30% Stake in Cleantech SPV to Build 22 MW of Captive Solar Projects
Prism Johnson Limited (formerly Prism Cement) has agreed to acquire up to 30 percent equity stake in a special purpose vehicle (SPV) which will be incorporated with CSE Development (India) ...
Engie Acquires 90 Percent Stake in Solar Solutions Provider Simpa Energy
ENGIE, a global independent power producer (IPP), has acquired a 90 percent stake in Simpa Energy, from its parent company Simpa Networks, a distributed energy solutions provider with pay-as-you-go pricing ...
REC Raises $700 Million Through Global Medium-Term-Note Program
The REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise under the Government of India, has raised $700 million through initial foray of its $5 billion global ...
CDPQ Increases its Stake in Azure Power to 40%
Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, has announced an increase in its stake in Azure Power Global Ltd (Azure Power). Azure Power is a leading ...
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt
ib vogt GmbH, a Germany based integrated solar developer, has agreed to acquire the majority of shares of nv vogt Singapore Pte, another solar developer. The aim of this merger ...
ThomasLloyd Acquires Major Stake in Solar Project Developer SolarArise India
ThomasLloyd, a global investment and advisory firm dedicated to the infrastructure sector in Asia, has announced the acquisition of a significant stake in the Delhi-based solar project developer SolarArise India ...
Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal
The Greenko Group has entered into a definitive purchase agreement to acquire Skeiron Green Renewables. The deal will add approximately $200 million to Greenko’s EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) in ...
Azure Power Secures $58 Million for its 100 MW Solar Project at Pavagada
Leading renewable energy project developer Azure Power (NYSE: AZRE), has achieved the financial closure of a deal worth ₹4 billion (~$58 million) for its 100 MW solar power project in ...
Soltec Locks €100 Million Credit Facility With 11 Banks
Soltec, a single-axis solar tracker firm, has signed a €100 million (₹8.48 billion) syndicate credit facility with 11 banks. In a media statement issued on its website, Soltec informed that ...
Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla
Azure Power (NYSE: AZRE), an independent solar power producer, has achieved financial closure for a 200 MW grid-connected solar photovoltaic (PV) project to be developed in the Bhadla Solar Park, Rajasthan ...
Cleantech Solar Raises $50 Million From Climate Fund Managers
Cleantech Solar, a Singapore-based renewable energy project developer, has received a $50 million equity investment from Climate Fund Managers (CFM), a climate-dedicated investment manager, to support its growth in Asia ...
Adani Green Acquires AGEPteL to Foray into International Renewable Business
Adani Green Energy, a leading renewable energy project developer in the country, incorporated a wholly-owned subsidiary company Adani Wind Energy (GJ) Limited (AWEGL) on August 21, 2018, according to a ...
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018
The Indian solar sector received investments to the tune of $1.86 billion in the second quarter (Q2) of calendar year (CY) 2018 according to Mercom India Quarterly Market Updates. Investments ...
Capital Dynamics Closes $1.2 Billion Clean Energy and Infrastructure Deal
Capital Dynamics, an independent global asset manager, has announced capital commitments of $1.2 billion for the closing of its Clean Energy and Infrastructure VII JV LLC fund ("CEI VII"). This ...
Solar Start-Up Cygni Energy Raises $6.4 Million in Debt and Equity Funding
Cygni Energy Private Limited, a solar DC and microgrid solutions provider, has raised $6.4 million in funding through a combination of equity and debt funds. The funds will be utilised in ...
African Infrastructure Fund Acquires Stakes in South African Solar and Wind Projects
The African Infrastructure Investment Managers (AIIM), one of Africa’s infrastructure-focused private equity fund managers and a member of the Old Mutual Alternative Investments (OMAI), has acquired stakes in nine new ...
Green Investment Group Acquires Conergy’s Solar Portfolio in Asia and Middle East
Macquarie Capital’s global green investment platform, Green Investment Group (GIG), has acquired a solar development portfolio from Conergy Asia and Middle East. The portfolio includes solar development assets in the ...
B.Grimm Power Buys 80 Percent Stake in 257 MW of Solar Projects in Vietnam
Thailand’s B.Grimm Power has acquired an 80 percent stake in Vietnamese firm Phu Yen TTP Joint Stock Company. Phu Yen TTP Joint Stock Company is involved in developing solar photovoltaic ...
Trina Solar Signs $30 Million Credit Agreement with VietinBank
The Vietnamese arm of Trina Solar, a Chinese module and cell manufacturer, has signed a $30 million credit agreement with VietinBank in the province of Bac Giang, Vietnam. This is the first ...
