ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India
The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
ReNew Raises $375 Million Through Green Bond Issue
Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding
BBOXX, an off-grid clean energy technology provider, has announced that its funding initiative has reached the €6 million (~$6.78 million) mark. BBOXX was assisted by Trine, a company that helps ...
Siemens Acquires KACO New Energy’s Solar String Inverter Business
German conglomerate Siemens has announced the acquisition of the string inverter business of the KACO new energy GmbH, a manufacturer of energy-related power electronics, for an undisclosed sum. The project ...
ADB to Provide $11.5 Million for 50 MW of Solar Projects in Kazakhstan
The Asian Development Bank (ADB) has signed an $11.5 million loan agreement with Baikonyr Solar LLP for the expansion of solar power in Kazakhstan. The scope of work includes the ...
KfW and Bank of Baroda to Refinance Solar Projects in India
German development bank, KfW, and Bank of Baroda have announced that they would extend funding of $113 million to refinance solar power projects in India under the Solar Partnership II ...
OPIC Provides Initial Financing for SunFunder’s $85 Million Solar Energy Transformation Fund
The Overseas Private Investment Corporation (OPIC) has made an initial investment into SunFunder’s $85 million (~₹6.04 billion) Solar Energy Transformation Fund. The fund supports electricity access through the use of ...
UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy
Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
Rooftop Solar Company ZunRoof Raises Third Round of Angel Funding
ZunRoof, an Indian solar rooftop startup, has raised an undisclosed sum in the third round of angel funding, since its inception in June 2016. According to an email response to ...
Sunseap Group Acquires Minority Stake in Australian EPC Company Todae Solar
Sunseap Group has acquired a minority stake in Todae Solar, an Australian commercial and industrial engineering, procurement and construction (EPC) solar company. According to Sunseap, a Southeast Asia-based renewable energy ...
Canadian Firm AMP Solar Acquires Remaining 51% Stake in Rudra Solarfarms for $2 Million
AMP Solar, a Canadian renewable developer, has acquired the remaining 51 percent stake in Rudra Solarfarms, a special purpose vehicle built by another renewable developer Suzlon to execute the 15 ...
AIIM to Invest $31 Million in Off-Grid Solar Solutions Provider BBOXX for a Minority Stake
BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, has announced that Africa Infrastructure Investment Managers (AIIM), through its AIIF3 fund, is investing $31 million for a minority stake ...
Adani Green Energy Acquires Remaining 51% Stake in Karnataka’s Kodangal Solar Parks
Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated ...
Exide Industries to Invest 30% of Equity Shares in Three SPVs for Captive Solar Projects
Exide Industries, an Indian lead-acid storage battery manufacturer, will invest up to 30 percent of its total equity share capital in three special purpose vehicles (SPVs) to set up captive ...
Oakridge Energy Secures Line of Credit to Finance Residential Rooftop Solar Systems
Oakridge Energy, an Indian rooftop solar installer, has raised a line of credit from Maanaveeya Development & Finance Private Limited (Maanaveeya), Oikocredit’s financing arm in India. Oikocredit is a cooperative ...
Scatec Solar Closes Financing for a 47 MW Project in Malaysia
Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million ...
Tata Cleantech Raises ₹1,800 Million from Netherland’s FMO through Green Bonds
Tata Cleantech Capital Limited (TCCL) has raised ₹1,800 million (~$25.62 million) through green bonds from FMO, the Netherlands Development Finance Company. Tata Cleantech is a part of Tata Group in ...
Reliance Buys 88% Stake in Renewable Energy Firm Kanoda Energy Systems
Reliance, one of the country’s largest companies, has acquired controlling stake in a renewable energy firm. In a Bombay Stock Exchange (BSE) filing, Reliance Industrial Investments and Holdings Limited (RIIHL), ...
Rays Power Infra Raises $28 Million to Expand its Solar Business
Solar developer Rays Power Infra has announced that it has secured ₹2 billion (~$28.4 million) through hybrid debt and equity financing from lender and asset management firm DMI Finance (DMI). The company ...
Shell to Acquire 49 Percent Stake in Cleantech Solar
Cleantech Solar, a Singapore-based renewable energy project developer, has announced that Shell Eastern Petroleum Ltd (Shell) will acquire a 49 percent interest in the company. The deal is expected to ...
ADB to Invest $155 Million in B.Grimm Power’s Green Bonds for Solar Projects in Thailand
The Asian Development Bank (ADB ) has announced that it will invest 5 billion Thai baht ($155 million) in one of Thailand’s largest private power producers, B.Grimm Power through 5-year ...
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 ...
