Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia

Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia

Equis Energy, a renewable energy independent power producer (IPP), has achieved financial closure for the 127 MW Tailem Bend solar photovoltaic (PV) project in southern Australia. The construction work for ...
/ Finance and M&A, Solar
SunSource Raises Funds For Development of Solar Projects in Low-Income States

SunSource Raises Funds For Development of Solar Projects in Low-Income States

SunSource Energy Private Limited, an Engineering Procurement and Construction (EPC) services provider, has announced that it has raised capital from Neev Fund for the development of solar projects across various ...
/ Finance and M&A, Solar
IDFC Alternatives Acquires 40 MW Grid-Connected Solar Projects in Madhya Pradesh

IDFC Alternatives Acquires 40 MW Grid-Connected Solar Projects in Madhya Pradesh

Vector Green Energy, a wholly-owned subsidiary of IDFC Alternatives, has acquired 40 MW of grid-connected solar photovoltaic (PV) projects in the state of Madhya Pradesh. Vector Green Energy is a ...
/ Finance and M&A, Solar
IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects

IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects

The Indian Renewable Energy Development Agency Limited (IREDA) has entered into a $35 million sub-loan agreement with the Rewa Ultra Mega Solar (RUMSL) for the development of the Rewa and ...
/ Finance and M&A, Solar
Off Grid Electric Raises $55 Million to Expand Footprint in Africa

Off Grid Electric Raises $55 Million to Expand Footprint in Africa

African rooftop solar provider Off Grid Electric and global energy company EDF are expanding their partnership in sub-Saharan Africa after Off Grid Electric received $55 million in Series D financing ...
/ Finance and M&A, Solar
GIP Closes Record $5 Billion Deal to Buy Equis Energy

GIP Closes Record $5 Billion Deal to Buy Equis Energy

Investment fund Global Infrastructure Partners (GIP) has closed on a deal to acquire a 100 percent stake in renewable energy project developer Equis Energy. The total transaction value of $5 ...
/ Finance and M&A, Solar
Azuri Announces Launch of $20 Million Debt Financing

Azuri Announces Launch of $20 Million Debt Financing Program for Sub-Saharan Africa

Azuri Technologies, a pay-as-you-go (PayGo) off-grid solar products provider in the sub-Saharan African region, has announced the launch of its $20 million off-balance-sheet debt financing program. The program is aimed ...
/ Finance and M&A, Solar
Solex Energy Limited Launches Its Initial Public Offering

Solex Energy Limited Launches Its Initial Public Offering

Solar component manufacturer Solex Energy Limited (SEL) has become the latest Indian renewables company to announce plans for an initial public offering (IPO) in recent months. Regulatory documents show that ...
/ Finance and M&A, Solar
CPPIB Invests $144 Million Acquires 6.3 Percent% Stake in ReNew Power for a 6.3 Percent Stake $144 Million

CPPIB Invests $144 Million in ReNew Power for a 6.3 Percent Stake

The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 percent stake in Indian renewable energy project developer ReNew Power from the Asian Development Bank (ADB) for $144 million ...
/ Finance and M&A, Solar
Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Energy has completed the refinancing of two solar projects with 223 MW of combined capacity in Telangana. The refinancing was initially sought after the company acquired the projects ...
/ Finance and M&A, Solar
Government Announces $350 Million Solar Development Fund for Project Financing

Government Announces $350 Million Solar Development Fund for Project Financing

The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
/ Finance and M&A, Solar
IFC Announces Financial Package for Jordan’s Biggest Solar PV Project

IFC Announces Financial Package of $188 million for Jordan’s Largest Solar PV Project

The International Finance Corporation (IFC), a member of the World Bank Group, has arranged a financial package of up to $188 million for the development of a 248 MW solar ...
/ Finance and M&A, Solar
IFC to Invest $150 Million in Aditya Birla Finance

IFC to Invest $150 Million in Aditya Birla Finance

The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $150 million in Aditya Birla Finance Limited (ABFL). The loan amount would be utilized by ...
/ Finance and M&A, Solar
Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

The Abu Dhabi Fund for Development (ADFD) will provide a concessional loan worth $25 million for the development of two solar photovoltaic (PV) projects in Mauritius and Rwanda. Both the ...
/ Finance and M&A, Solar
MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, has decided to provide guarantee of up to $102.6 million in support of the construction, operation, and maintenance of six ...
/ Finance and M&A, Solar
ReNew Power Raises $352 Million

ReNew Power Raises $352 Million to Pursue Expansion Plans

Indian renewable energy project developer ReNew Power has raised ₹22.35 billion (~$352 million) to be used for its expansion and loan-payment plans. Confirming the development, a source at ReNew Power told ...
/ Finance and M&A, Solar
IFC to Invest $150 Million in Aditya Birla Finance

Orb Energy Raises $15 Million from FMO and OPIC

The solar firm Orb Energy has raised over $15 million (~₹954 million) in equity and debt to expand its in-house finance facility of rooftop solar projects for Small- and Medium-sized ...
/ Finance and M&A, Solar
IFC to Loan $50 Million to Mahindra Renewables

IFC to Loan $50 Million to Mahindra Renewables

The International Finance Corporation (IFC), a member of the World Bank Group, will provide $50 million (~₹3.2 billion) as senior or IFC-A loan to Mahindra Renewables Private Ltd. (MRPL). MRPL, ...
/ Finance and M&A, Solar
IREDA Files IPO papers with SEBI

IREDA Files IPO Papers with SEBI

Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
/ Finance and M&A, Solar
Waaree Energies Raises ₹1 Billion from Centrum Financial Services and Private Equity Firm

Waaree Energies Raises ₹1 Billion from Centrum Financial Services and Private Equity Firm

Waaree Energies, an Indian solar module manufacturer and Engineering Procurement Construction (EPC) services provider, has raised ₹1 billion (~$15.6 million) from Centrum Financial Services Ltd, the non-banking finance arm of ...
/ Finance and M&A, Solar
ACME’s Initial Public Offering to Fund Bhadla Solar Project

ACME’s $337 Million Initial Public Offering to Fund Bhadla Solar Project

The Securities and Exchange Board of India (SEBI) has approved ACME Solar Holdings’ Initial Public Offering (IPO) worth ₹22,000 million (~$336.86 million). The face value of each equity share is ...
/ Finance and M&A, Solar
IRFC Raises Debut Green Bond on the London Stock Exchange

IRFC Raises $500 Million in its Debut Green Bond on the London Stock Exchange

The Indian Railways Finance Corporation (IRFC) has raised $500 million (~₹32.07 billion) through the issuance of its first green bond on the London Stock Exchange’s new International Securities Market. The ...
/ Finance and M&A, Solar
IFC Invests $150 Million in Green Bonds in Philippines

IFC Invests $150 Million in Green Bonds in Philippines

First Filipino Green Bond Attracts Investment from World Bank Member The first green bond launched by a commercial bank in the Philippines has attracted a $150 million (~₹9.65 trillion) investment ...
/ Finance and M&A, Solar
African Development Bank Approves Loan for Renewable Energy Projects

African Development Bank Approves $324 Million Loan for Renewable Energy Projects

The African Development Bank (AfDB) approved $324 million (~₹20.84 billion) in loan support for two renewable energy projects. The projects are being developed in Morocco and Côte d’Ivoire. The loan ...
/ Finance and M&A, Solar
Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet, a solar home energy company, has raised $60 million (~₹3.86 billion) in funding from a group of investors led by London-based private equity fund manager Apis Partners. Greenlight ...
/ Finance and M&A, Solar