ContourGlobal Secures $114 Million From CPDQ to Acquire Solar Assets
Caisse de dépôt et placement du Québec (CPDQ), a long-term institutional investor, has announced that it will provide CA$150 million (~$114 million) in debt financing to ContourGlobal. ContourGlobal is a ...
Report: Global Solar Funding Rises to $5.3 Billion in First Half of 2018
In the first half (1H) of 2018, the total corporate funding, including venture capital funding, public market, and debt financing rose to $5.3 billion, compared to the $4.6 billion raised ...
Solar Rooftop Startup ZunRoof Raises ₹16.6 Million in Second Round of Angel Funding
ZunRoof, an Indian solar rooftop startup, has raised ₹16.6 million ($0.25 million) in second round of angel funding from I3N (intellecap impact investment network) led by Pradeep Tharakan, senior energy ...
IFC to Issue Green Bonds Worth $90 Million in Philippines
International Financial Corporation (IFC), a member of the World Bank group, has issued its first internationally rated triple-A peso-denominated green bond which is equivalent to $90 million. The bond, called ...
IFC and Canadian Government to Provide $25 Million for a Solar Project in Zambia
The International Financial Corporation (IFC), a member of the World Bank Group, and the government of Canada have joined hands to support Zambia with $25 million in financial aid for ...
AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d’Ivoire
The African Development Bank (AfDB) approved a ~$27.78 million proposal to secure a loan from Société Générale de Banque in Côte d'Ivoire (SGBCI), Crédit Agricole Corporate, and Investment Bank (Crédit Agricole ...
World Bank to Provide Financial Aid to Pakistan and Madagascar for Renewable Projects
The World Bank has promised over $500 million for two renewable energy projects in Sindh, Pakistan. The projects will help in the development of an economic corridor along the Khyber ...
Fourth Partner Energy Raises $70 Million from TPG Growth’s Rise Fund
Fourth Partner Energy, a distributed energy management company, raised a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth. Investec acted as the ...
SoftBank to Invest $60-100 Billion in India’s Solar Industry
SoftBank Group, a Japanese telecom giant-turned-tech investor, plans to invest $60 to $100 billion in Indian solar projects, according to Japanese public broadcaster NHK. Prime Minister Narendra Modi-led administration has ...
Vivint Solar Closes $811 Million Debt Financing Deal
Vivint Solar, a residential solar solutions provider in the United States, has announced the closing of $811 million of debt financing. The amount was raised in two separate transactions. The first transaction of ...
Fortum to Sell 54 Percent Share of its Indian Solar Portfolio
Fortum, a Finnish energy company, has signed an agreement to sell a 54 percent stake in its solar power company in India to UK Climate Investments and Elite Alfred Berg ...
Greenko to Raise $447 Million in Equity Funding
Greenko Energy Holdings, a renewable energy project developer, has signed a definitive agreement for raising primary equity of $447 million from an affiliate of GIC and a wholly owned entity ...
Greenko Acquires Orange Renewables for $1 Billion
The Greenko Group has acquired Orange Renewables in a billion-dollar deal. The deal is for an enterprise value of approximately $1.02 billion, which includes $680 million of debt which will ...
Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects in India
Indian renewable energy project developer Azure Power has raised $135 million in debt financing from a consortium of development finance institutions. The proceeds will be used to finance approximately 200 MW of ...
EBRD and ADB Finance $50 Million for a Solar Project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) and Asian Development Bank (ADB) are investing heavily in the solar photovoltaic (PV) sector of Kazakhstan. The EBRD, Clean Technology Fund and Asian ...
ADB to Finance Solar Projects Worth $40 Million in Indonesia
The Asian Development Bank (ADB) will fund solar photovoltaic (PV) projects worth $40 million in Indonesia. The bank has announced a private sector financing package totaling $40 million to invest in ...
Trina Solar Acquires Spain’s Solar Tracker Manufacturer Nclave Renewables
Trina Solar, a Chinese solar module and cell manufacturer has completed the acquisition of Nclave Renewable S.L., a Spanish solar tracker system manufacturer. The value of the deal has not ...
L&T Construction Wins Three Orders Worth ₹24.4 Billion for Electrification and Solar
Major engineering company Larsen and Toubro has announced that its subsidiary L&T Construction has bagged a bunch of orders worth ₹24.4 billion (~$358 million). In a statement issued by the ...
Hinduja National Power Corp Acquires Kiran Energy Solar
Hinduja National Power Corporation Limited (HNPCL), a subsidiary of the Hinduja Group, has successfully completed the acquisition of Kiran Energy Solar Power. According to the Press Trust of India (PTI), ...
African Development Bank Approves $1.5 Million Loan for Development of Solar in Nigeria
The African Development Bank (AfDB) has approved a $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian government’s implementation of Phase 1 of the Jigawa ...
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding
Indian renewable energy project developer, ReNew Power, has filed draft papers with capital market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO), according to the ...
Sunsure Energy Raises $2.2 Million in Working Capital for Solar Projects
Sunsure Energy, a solar turnkey solutions provider, has raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance to be used as working ...
IDFC Alternatives to Sell Infrastructure Asset Management Business to GIP India
IDFC Alternatives Limited, a wholly-owned step down subsidiary of IDFC Limited, has entered an agreement with investment firm Global Infrastructure Partners (GIP) India for the sale of its infrastructure asset ...
ReNew Power Acquires Indian Energy Limited for ₹364 Million
Indian renewable energy project developer ReNew Power has acquired a 100 percent stake in Indian Energy Limited (IEL) at a price of ₹364 million (~$5.545 million). In April 2018, ReNew ...
Lightsource BP and Everstone Group Form Joint Venture for Green Infrastructure in India
Lightsource BP, a global renewable energy development firm, and investment firm Everstone Group have teamed up to create a major fund management platform called EverSource Capital for the development of ...
