Saudi Arabia’s ACWA Power Secures $114 Million for the 200 MW Solar Project in Egypt

Saudi Arabia’s ACWA Power Secures $114 Million for the 200 MW Solar Project in Egypt

Saudi Arabia’s energy giant ACWA Power has received a $114 million financing package for the 200 MW Kom Ombo solar project in Egypt from four agencies. The European Bank for ...
/ / Finance and M&A, Solar
Rooftop Solar Company Freyr Energy Raises ₹180 Million in Funding

Rooftop Solar Company Freyr Energy Raises ₹180 Million in Funding

Hyderabad-based rooftop solar company Freyr Energy announced an equity investment of ₹180 million (~$2.3 million) from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia (SEEAA), and Capital 4 Development ...
/ / Finance and M&A, Solar
SECI Payouts to Solar and Wind Developers Down to ₹4.08 Billion in February 2021

SECI Payouts to Solar and Wind Developers Down to ₹4.08 Billion in February 2021

The Solar Energy Corporation of India (SECI) paid nearly ₹4.08 billion (~$56.2 million) to solar and wind developers for the purchase of power in February 2021, as per the data ...
/ / Finance and M&A, Solar
Solar Developers Desperately Need Access to Project Financing, Cheaper Funds

Solar Developers Desperately Need Access to Project Financing, Cheaper Funds

What lies ahead for the renewable energy sector in India? Will investments dry up, or will 2021 bring out the best for the sector? A discussion on these vital issues ...
/ / Finance and M&A, Solar
IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan

IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan

International Finance Corporation (IFC) has proposed a $50 million loan facility to Italy-based Enel Green Power to fund its solar project in Rajasthan’s Bikaner. The 300 MW Thar Surya solar photovoltaic ...
/ / Finance and M&A, Solar
Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson

Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson

Solar developer Amplus Solar has announced the acquisition of 17 on-site operational solar projects from Sterling and Wilson Private Limited. Spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana, and ...
/ / Finance and M&A, Solar
Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions

Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions

The solar industry has emerged stronger after the pandemic, which is still raging worldwide. But solar projects have been considered as 'investment havens' in the uncertain COVID-19 world because of ...
/ / Finance and M&A, Solar
Access to Solar Project Finance is Key to Achieving India's Ambitious Targets

Access to Solar Project Finance is Key to Achieving India’s Ambitious Targets

India has taken significant strides towards transitioning to clean energy by tapping renewable sources. However, the mobilization of funds to meet India's clean energy commitments presents a formidable challenge. India ...
/ / Finance and M&A, Solar
ReNew Power to Raise $585 Million Through Dollar Green Bonds

ReNew Power to Raise $585 Million Through Dollar Green Bonds

ReNew Power has announced the successful pricing of $585 million of 4.5% U.S. dollar-denominated senior secured 'green bonds' due 2028 on March 31, 2021, to be issued by its subsidiaries ...
/ / Finance and M&A, Solar
Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables

Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables

Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
/ / Finance and M&A, Solar
Engie

Edelweiss Infrastructure Acquires 74% Stake in Engie’s Solar Portfolio in India

In one of the largest transactions in the renewables space in the last year, Edelweiss Infrastructure Yield Plus (EIYP), an alternative investment fund managed by Edelweiss Alternative Asset Advisors Limited ...
/ / Finance and M&A, Solar
Adani Green to Acquire a 75 MW of Solar Project from Sterling and Wilson (3)

Adani Green to Acquire a 75 MW Solar Project from Sterling and Wilson

Adani Green Energy Limited (AGEL) has announced that it will acquire 75 MW of operational solar assets in Telangana from Sterling and Wilson, a Shapoorji Pallonji Group subsidiary, for ₹4.46 ...
Bharti Airtel Increases its Stake in Avaada Energy's Group Captive Solar Project

Bharti Airtel Increases its Stake in Avaada Energy’s Group Captive Solar Project

Bharti Airtel, one of India's largest telecom companies, has joined hands with Avaada Energy and decided to buy an additional 3.3% stake in the special purpose vehicle (SPV) Avaada MHBuldhana ...
/ / Finance and M&A, Solar
Adani Green to Acquire a 50 MW Solar Project from SkyPower Global

Adani Green to Acquire a 50 MW Solar Project from SkyPower Global

Adani Green Energy Limited (AGEL) announced that it had signed a share purchase agreement to acquire a 100% stake in an SPV (Special Purpose Vehicle) holding a 50 MW operating ...
/ / Finance and M&A, Solar
Solar Monitoring and Analytics Platform Prescinto Closes $3.5 Million in Seed Funding

Solar Monitoring and Analytics Platform Prescinto Closes $3.5 Million in Seed Funding

Solar monitoring and analytics platform Prescinto has announced the close of $3.5 million in seed round funding. The round was led by Venture Catalysts, with participation from Inflection Point Ventures, ...
/ / Finance and M&A, Solar
Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Canadian Solar, a Canada-based solar module manufacturer, reported an 8.6% increase in net revenue with $3.47 billion in 2020 compared to $3.20 billion in 2019 owing to a 32% annual ...
/ / Finance and M&A, Solar
USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) announced a $41 million loan guarantee program to finance investment in renewable energy solutions, ...
/ / Finance and M&A, Rooftop, Solar
Adani Green Secures $1.35 Billion Debt Financing For Its Renewable Energy Portfolio

Adani Green Secures $1.35 Billion Debt Financing For Its Renewable Energy Portfolio

In an important development, Adani Green Energy Limited (AGEL) has raised a $1.35 billion (~₹97.93 billion) debt package for its under-construction renewable asset portfolio, according to a press release. The ...
/ / Finance and M&A, Solar
SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021

SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021

The Solar Energy Corporation of India (SECI) paid about ₹4.25 billion (~$58.6 million) to solar and wind developers in January 2021, according to data released by the agency. These expenses ...
AC Energy Achieves Financial Closure of a 100 MW Solar Project in Rajasthan

AC Energy Achieves Financial Closure for a 100 MW Solar Project in Rajasthan

Philippines-based AC Energy and Infrastructure (AC Energy), the investment arm of Ayala Corporation, in association with UPC Solar Asia Pacific, has achieved the financial closure of its 100 MW Sitara ...
/ / Finance and M&A, Solar
Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020

Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020

Meyer Burger, a Switzerland-based engineering company, has unveiled its plans to enter the U.S. solar market, intending to start solar cell sales in the second half of 2021. In June, ...
/ / Finance and M&A, Solar
Nexamp Secures $440 Million Loan for its 380 MW Solar and Storage Portfolio

Nexamp Secures $440 Million Loan for its 380 MW Solar and Storage Portfolio

Nexamp, a U.S.-based solar energy company, has secured a $440 million senior secured credit facility for its 380 MW of solar and storage portfolio that spreads across five states and ...
/ / Finance and M&A, Solar
AfDB Approves $27 Million for the Development of a 200 MW Solar Project in Egypt

AfDB Approves $27 Million for the Development of a 200 MW Solar Project in Egypt

The African Development Bank (AfDB) has approved a loan of $27.2 million for the design, construction, and operation of a 200 MW solar project at Kom Ombo in Egypt. The ...
/ / Finance and M&A, Solar
Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company

Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company

Distributed solar company, Fourth Partner Energy, has announced a joint venture (JV) - Empat Mitra Indika Tenaga Surya – with Indonesia-based energy company Indika Energy to speed up renewable energy transition ...
Solar Glass Manufacturer Xinyi Solar's Profit Jumps 79% in 2020

Solar Glass Manufacturer Xinyi Solar’s Profit Jumps 79% in 2020

Xinyi Solar, a China-based solar glass manufacturer and project developer, has announced a 79.52% increase in its net profit to HK$ 5.023 billion (~$647.46 million) in 2020 from HK$2.798 billion ...
/ / Finance and M&A, Solar