SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar

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 ...
/ / Finance and M&A, Solar
Solar Developers Win Four Project Commissioning Delay Cases in Telangana

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 ...
/ / Finance and M&A, Solar
Fund for Off-grid Solar in Kenya

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 ...
/ / Finance and M&A, Solar
India’s Solar Market Share Leaders for First Half of 2018 Revealed

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 ...
/ / Finance and M&A, Solar
CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million

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 ...
/ / Finance and M&A, Solar
Indian Rooftop Solar Company Freyr Energy Raises ₹270 Million in Series- A Funding

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 ...
/ / Finance and M&A, Solar
Solar Developers Win Four Project Commissioning Delay Cases in Telangana

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 ...
/ / Finance and M&A, Solar
Prism Johnson Acquires 30% Stake in Cleantech SPV to Build 22 MW of Captive Solar Projects

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) ...
/ / Finance and M&A, Solar
Engie Acquires 90 Percent Stake in Solar Solutions Provider Simpa Energy

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 ...
/ / Finance and M&A, Solar
REC Raises $700 Million Through Global Medium-Term-Note Program

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 ...
/ / Finance and M&A, Solar
CDPQ Increases its Stake in Azure Power to 40%

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 ...
/ / Finance and M&A, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

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 ...
/ / Finance and M&A, Solar
Zambia Tenders 100 MW of Solar Projects

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 ...
/ / Finance and M&A, Solar
Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

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 ...
/ / Finance and M&A, Solar
Developers who have projects under development need to use the pass through option due to safeguard duty that was imposed recently on solar imports

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 ...
/ / Finance and M&A, Solar
Soltec Locks €100 Million Credit Facility With 11 Banks

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 ...
/ / Finance and M&A, Solar
Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

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 ...
/ / Finance and M&A, Solar
Zambia Plans to Develop 100 MW of Solar Projects

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 ...
/ / Finance and M&A, Solar
Adani Green Acquires AGEPteL to Foray into International Renewable Business

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 ...
/ / Finance and M&A, Solar
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

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 ...
/ / Finance and M&A, Solar
Capital Dynamics Closes $1.2 Billion Clean Energy and Infrastructure Deal

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 ...
/ / Finance and M&A, Solar
Solar Start-Up Cygni Energy Raises $6.4 Million in Debt and Equity Funding

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 ...
/ / Finance and M&A, Solar
African Infrastructure Fund Acquires Stakes in South African Solar and Wind Projects

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 ...
/ / Finance and M&A, Solar
Green Investment Group Acquires Conergy’s Solar Portfolio in Asia and Middle East

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 ...
/ / Finance and M&A, Solar
B.Grimm Power Buys 80 Percent Stake in 257 MW of Solar Projects in Vietnam

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 ...
/ / Finance and M&A, Solar