Azure’s Revenue Up by 40% in Q1 of Fiscal 2020 Driven by Newly Operational Solar Projects
Azure Power, an independent solar power producer, has announced its consolidated financial results for the first quarter (Q1) of the financial year (FY) 2019-20. The company generated a revenue of ...
Global Solar EPC Company Sterling & Wilson Floats IPO Targeting to Raise ₹31.25 Billion
Sterling and Wilson Solar Limited (SWSL), the solar engineering and construction arm of the Shapoorji Pallonji Group, has floated its initial public offering (IPO) targeting to raise ₹31.25 billion (~$442 ...
EBRD to Provide $35 Million to Develop 37 MW of Solar Projects in Jordan
The European Bank for Reconstruction and Development (EBRD) has announced that it would be providing a financing package of up to $35 million to Kawar Investments for the development of ...
NOTS Solar Lamps to Invest $70 Million in Solar Home Systems Manufacturing in Rwanda
NOTS Solar Lamps in collaboration with the Government of Rwanda has announced a deal to speed up the process of providing power to families with least incomes in Rwanda. NOTS ...
KUSUM Program to Get ₹344 Billion to Add Solar Capacity of 26 GW by 2022
The Ministry of New and Renewable Energy (MNRE) has issued detailed guidelines to implement the KUSUM program for India’s farmers to solarize agriculture. Solar power is one of the most ...
IFC Extends Financing Package for 60 MW of Solar Projects in Senegal
The International Finance Corporation (IFC), the financial arm of the World Bank, has finalized the financing of two grid-connected solar photovoltaic (PV) projects aggregating 60 MW in Senegal. The finalization ...
First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally
In the first half of 2019 (1H 2019), funding activity in the solar sector was on an upward trajectory when compared to the same period last year. Total corporate funding ...
AIIB to Provide $100 Million Loan to L&T for Solar and Wind Projects Financing in India
The Asian Infrastructure Investment Bank (AIIB) has announced that it will provide a $100 million loan to L&T Infrastructure Finance Company Limited (LTIF). The loan proceeds will be used to ...
SunEdison to Acquire Two Renewable Companies for $21.2 Million
Chennai-based renewable energy company SunEdison Infrastructure Limited (formerly YKM Industries Limited) has informed of the acquisition of Megamic Electronics Private Limited and Enrecover Energy Solutions Private Limited, according to a ...
Bangladesh Invites Companies to Fund and Develop 100 MW of Solar Projects
Bangladesh’s Power Development Board has issued a notice for a tender to select sponsors (companies that will fund and develop the project) for the implementation of two grid-tied solar projects ...
BlackRock Real Assets Set to Buy 115 MW of Solar Projects in Taiwan
BlackRock Real Assets, a global investment management company, has announced its plans to expand its renewable power portfolio in Asia. The Fund, which is a private fund managed by BlackRock ...
Encourage Capital to Assist Indian Rooftop Solar Installers Through a $40-Million Equity Fund
Encourage Solar Finance LLP has announced the first closing of a new private equity fund, Encourage Solar Finance L.P. at $40 million. Encourage Capital is an impact investment asset manager ...
Singapore’s Sunseap Receives $43 Million Green Loan to Install 210 Rooftop Solar Systems
Sunseap Group, a Singapore-based renewable energy firm, has secured a $43 million green loan from the United Overseas Bank Limited (UOB) to increase the reach of solar power in the ...
With No Buyers, Moser Baer Solar Heads Towards Liquidation
The process for liquidation of assets of Moser Baer Solar has been initiated, and the stakeholders of the company have been asked by the National Company Law Tribunal (NCLT) to ...
Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business
Kolkata-based Srei Equipment Finance has announced that it has received a credit approval of $30 million from FMO, the Netherlands’ development finance company. According to Srei Equipment Finance Limited, the ...
Startup Skilancer Solar Receives Funding from Alfa Ventures to Scale its Operations
Alfa Ventures, a venture capital fund, along with serial entrepreneur Dhianu Das, has announced an investment of an undisclosed amount in Skilancer Solar, a startup that manufactures robotic cleaning equipment ...
Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya
Globeleq, an energy company focused on Africa has announced the financial closure of a 40 MW Malindi Solar photovoltaic project in Kenya. The company has also announced that it has ...
Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm
Japanese trading and investment company Mitsui & CO Limited (Mitsui) has announced that it has entered into an agreement with Indian engineering, procurement, and construction company (EPC), Mahindra Susten, to ...
ADB to Provide $7 Million to Support a 100 MW Solar Park Project in Cambodia
The Asian Development Bank (ADB) has approved a $7.64 million loan to support the construction of a 100 MW solar park in Cambodia. This loan is in support of the ...
ADB Lends $4 Million in Loan to Afghanistan’s 15 MW Solar Project
A $4 million loan agreement has been signed between the Asian Development Bank (ADB) and Barakat Kandahar Solar Energy (BKSE). BKSE is a special purpose vehicle (SPV) with its majority ...
Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar’s SPV at ₹129 Million
A filing made at the Bombay Stock Exchange (BSE) states that Mumbai-based global pharmaceutical major Cipla Limited has signed an agreement to acquire 26% stake on a fully diluted basis ...
India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects
Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequently ...
Renewable Development Firm Lightsource BP Raises £150 million to Finance Solar Projects
Lightsource BP, a global renewable energy development firm, has raised £150 million in debt financing from Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor. The funds will be utilized ...
Canadian Solar Secures $50 Million Term Loan from Credit Suisse
Canadian Solar has secured a $50 million term loan from Credit Suisse. Canadian Solar intends to deploy the term loan to support the development of international solar project pipeline and for ...
Panasonic Sells 90% Stake in its Malaysia Manufacturing Unit to GS Solar
Panasonic Corporation, a company developing diverse electronic technologies and solutions, has announced that it has reached a collaboration and acquisition agreement with GS-Solar (China) Company Limited, a thin film solar ...
