ACME Solar Raises $334 Million in Offshore Green Bonds for 12 Solar Projects
Independent power producer ACME Solar (ACME) has raised around $334 million for 12 of its solar projects through the issuance of offshore green bonds. The debt investment will be funded ...
KKR’s Renewable Platform Virescent Plans ₹4.25 Billion InVIT Issue for its Solar Assets
Virescent Infrastructure, a renewable energy platform of global investment company KKR, has filed a draft placement memorandum with the Securities and Exchange Board of India and the National Stock Exchange of ...
Adani Electricity Mumbai Raises $300 Million in Sustainability-Linked Bonds
Adani Electricity Mumbai Limited (AEML), Adani Transmission Limited’s distribution arm, has raised $300 million in sustainability-linked bonds as part of its $2 billion global medium-term notes program. The issue marks the ...
Fourth Partner Energy Acquires 8.9 MW Distributed Solar Portfolio from Statkraft
Distributed solar company Fourth Partner Energy announced that it has acquired distributed solar portfolio with an 8.9 MWdc capacity from Statkraft India. Of this capacity, 5 MW is an open access solar project ...
AIIB Approves $50 Million Loan for Enel Green Energy’s 300 MW Solar Project
The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, announced that it has approved a $50 million loan facility to Italy-based Enel Green Power to develop a 300 MW solar project ...
Distributed Solar Company MYSUN Raises ₹150 Million from Tata Cleantech Capital
Rooftop solar solution provider MYSUN has joined hands with Tata Cleantech Capital Ltd (TCCL) to raise ₹150 million (~$2 million) in debt funding. Tata Cleantech Capital is a joint venture ...
IndiGrid Completes Acquisition of 100 MW Solar Projects from Fotowatio for ₹6.6 Billion
The Indian power sector’s first infrastructure investment trust (InvIT), IndiGrid, announced the completion of the acquisition of a 100% stake in two solar assets with a cumulative capacity of 100 ...
Thailand’s PTT Group Acquires 41.6% Stake in Avaada’s Solar Portfolio for $453 Million
Global Power Synergy Public Company Limited (GPSC), a power subsidiary of Thailand-based PTT Group, announced that its subsidiary Global Renewable Synergy Company (GRSC) has acquired a 41.6% stake in renewable ...
Ola Electric Secures $100 Million Debt Financing from Bank of Baroda
Ola Electric Mobility and Bank of Baroda have signed one of the largest long-term debt financing agreements in the Indian electric vehicle (EV) industry. The ten-year debt of $100 million ...
Distributed Solar Company Fourth Partner Energy Raises $125 Million in Equity Funding
Distributed solar company, Fourth Partner Energy has raised $125 million in equity funding. Norwegian Investment Fund Norfund has brought in $100 million while existing shareholder the Rise Fund has invested $25 million ...
JinkoSolar to Invest ~$48.64 Million to Boost Polysilicon Production Capacity
Solar module manufacturer JinkoSolar Holding has announced that its holding subsidiary, Shangrao JinkoSolar Industry Development, plans to invest RMB315 million (~$48.64 million) in equity in Inner Mongolia Xinte Silicon Materials ...
Fortum to Sell 500 MW of Solar Projects in India to Actis
Fortum has signed an agreement to sell the 250 MW Pavagada II and the 250 MW Rajasthan solar projects in India to Actis, a global infrastructure investment firm. The total ...
UNOPS S3i, IFU Bring in Equity Investment for ACME’s 250 MW Solar Project
ACME Solar has signed a shareholders' agreement with UNOPS S3i and IFU for developing a 250 MW solar project located in Rajasthan, India. In March 2019, ACME had won the ...
Azure Power Registers 16.2% YoY Rise in Revenue in Q4 FY2021
Azure Power posted a 16.2% year-over-year (YoY) rise in its revenue in the fourth quarter (Q4) of the financial year (FY) 2021, driven by projects commissioned in FY 2021. Other reasons ...
Goa Launches Solar-Based Remote Village Electrification Program
In a green push, the Chief Minister of Goa, Pramod Sawant, has inaugurated a solar photovoltaic (PV)-based electrification program focusing on delivering clean, affordable, and reliable energy to those residing ...
IREDA Posts a Record 61% YoY Growth in After-Tax Profits in FY 2020-21
The Indian Renewable Energy Development Agency (IREDA) posted a profit after tax of ₹3.46 billion (~$47.75 million) as against ₹2.1 billion (~$29.67 million) in the last financial year (FY), registering ...
ReneSola Power’s Revenue Up by 39% QoQ in Q1 2021
ReneSola Power, a fully integrated solar project developer and operator, has announced the financial results for the first quarter (Q1) of the calendar year (CY) 2021. As per the financial ...
Adani Green Unit Transfers 74% Stake in Mundra Solar Energy to Adani Tradecom
Adani Renewable Energy Holding Four Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has transferred 74% shareholding of Mundra Solar Energy Limited (MSEL) to Adani Tradecom LLP (ATLLP) ...
Canadian Solar Reports 42% YoY Rise in Module Shipments
Canada-based solar module manufacturer Canadian Solar released its financial results for the first quarter (Q1) of 2021. The company's net revenue in Q1 2021 grew by 32% year-over-year (YoY) and ...
IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh
International Finance Corporation (IFC) – the financial arm of the World Bank – has proposed an equity investment of up to $15 million in South Asia Growth Fund II (SAGF II), ...
Residential Solar Company Sunrun’s Total Revenue Up 59% YoY in Q1 2021
Sunrun, one of the leading home solar, battery storage, and energy services companies in the United States, has announced financial results for the first quarter (Q1) of the calendar year ...
Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion
Adani Green Energy Limited (AGEL) has signed a share purchase agreement to acquire 100% stake in SB Energy India from Soft Bank Group (80%) and Bharti Group (20%). The transaction marks the ...
SECI Pays ₹4.33 Billion to Solar, Wind Generators in March for Power Purchase
The Solar Energy Corporation of India (SECI) paid nearly ₹4.33 billion (~$58.99 million) to solar and wind developers for the power it purchased in March 2021, as per the data ...
DFM Foods to Buy Solar Via Open Access Under Group Captive Mode from Fourth Partner Energy
Noida-based packaged snacks manufacturer DFM Foods announced that they have invested ₹9.6 million (~$130,672) to acquire 5.57% equity shares in Belenus Solar Private Limited, a special purpose vehicle of Fourth ...
KKR’s Renewable Platform Virescent Acquires 76 MW of Solar Projects from Sindicatum
Virescent Renewable Energy Trust, a platform created by global investment company KKR to acquire renewable energy assets in India, announced that it had acquired 76 MW of solar projects from ...
