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 ...
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 ...
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 (~$222.9 million) to the portfolio of its joint venture with French ...
Royal DSM to Sell Solar Coating Business in a €1.6 Billion Deal
Royal DSM, a Netherlands-based multinational corporation, has decided to sell its Resins & Functional Materials and associated business for an equity value of €1.6 billion (~$ 1.87 billion). The deal ...
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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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’ ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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 ...
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 ...
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 ...
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
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 ...
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 ...
