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 ...
Solar Solutions Provider d.light Raises $50 Million in Debt Financing
Off-grid solar solutions provider d.light has successfully raised $50 million in funding from the European Investment Bank (EIB), responsAbility Investments, Social Investment Managers & Advisors (SIMA), SunFunder, and another mission ...
World Bank Approves $55 Million for Renewable Energy in Bangladesh
The World Bank has approved $55 million in financing to expand the use of renewable energy in rural areas of Bangladesh that grid electricity cannot easily reach. The funds will ...
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018
Regulatory ambiguities and tariff uncertainties were a drag on the global solar sector in the first quarter of 2018, causing the announced corporate funding total to fall by 65 percent ...
IFC and Government of Canada Invest in Yoma Micro Power
The International Finance Corporation (IFC) has taken stake in a Yoma Strategic Holdings project to power rural communities in Myanmar. This investment will raise up to $28 million through equity ...
Engie Completes Acquisition of Fenix International
French multinational energy conglomerate Engie has completed 100 percent acquisition of Fenix International, a next generation energy company that offers solar home systems (SHS) in Africa. The acquisition will help Engie accelerate ...
GCL and SoftBank Form a $930 Million JVC to Enter Indian Solar Manufacturing Sector
GCL-Poly Energy Holdings Limited and SoftBank have entered a Memorandum of Understanding (MoU) to establish a joint venture company (JVC) for setting up an integrated solar photovoltaic (PV) manufacturing facility ...
Saudi Arabia and SoftBank Ink Deal to Develop World’s Largest Solar Project
Japanese telecom giant-turned-tech investor SoftBank has announced plans to invest in creating the world’s largest solar power project in Saudi Arabia, according to Reuters. The project is expected to have ...
Mahindra Renewables Achieves Financial Closure for 250 MW Project in Rewa Solar Park
Mahindra Renewables, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for a 250 MW grid-connected solar photovoltaic (PV) project being developed in the Rewa Solar Park in the ...
IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy Projects in India
The European Investment Bank (EIB) and the Indian Renewable Energy Development Agency (IREDA) have inked an agreement worth €150 million (~$184.81 million) to further the growth of renewable energy generation in ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017
In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
NABARD to Receive $100 Million for the Development of Rooftop Solar in India
The National Bank for Agricultural and Rural Development (NABARD) will soon receive a $100 million loan from the Green Climate Fund (GCF) for the development of rooftop solar. The development ...
Solar Solutions Provider Pawame Raises $2 Million to Increase Footprint in Kenya
Abu Dhabi-based off-grid solar power provider Pawame has raised $2 million from Gulf investors to provide sub-Saharan African households with solar power solutions. This seed funding will be utilized by ...
ADB to Provide $235 Million Loan for Renewable Projects in ASEAN
The Asian Development Bank (ADB) has agreed to provide a $235 million loan to B. Grimm Power Public Company Limited for the expansion of renewable energy projects in the member ...
Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia
Equis Energy, a renewable energy independent power producer (IPP), has achieved financial closure for the 127 MW Tailem Bend solar photovoltaic (PV) project in southern Australia. The construction work for ...
SunSource Raises Funds For Development of Solar Projects in Low-Income States
SunSource Energy Private Limited, an Engineering Procurement and Construction (EPC) services provider, has announced that it has raised capital from Neev Fund for the development of solar projects across various ...
IDFC Alternatives Acquires 40 MW Grid-Connected Solar Projects in Madhya Pradesh
Vector Green Energy, a wholly-owned subsidiary of IDFC Alternatives, has acquired 40 MW of grid-connected solar photovoltaic (PV) projects in the state of Madhya Pradesh. Vector Green Energy is a ...
IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects
The Indian Renewable Energy Development Agency Limited (IREDA) has entered into a $35 million sub-loan agreement with the Rewa Ultra Mega Solar (RUMSL) for the development of the Rewa and ...
Off Grid Electric Raises $55 Million to Expand Footprint in Africa
African rooftop solar provider Off Grid Electric and global energy company EDF are expanding their partnership in sub-Saharan Africa after Off Grid Electric received $55 million in Series D financing ...
GIP Closes Record $5 Billion Deal to Buy Equis Energy
Investment fund Global Infrastructure Partners (GIP) has closed on a deal to acquire a 100 percent stake in renewable energy project developer Equis Energy. The total transaction value of $5 ...
Azuri Announces Launch of $20 Million Debt Financing Program for Sub-Saharan Africa
Azuri Technologies, a pay-as-you-go (PayGo) off-grid solar products provider in the sub-Saharan African region, has announced the launch of its $20 million off-balance-sheet debt financing program. The program is aimed ...
Solex Energy Limited Launches Its Initial Public Offering
Solar component manufacturer Solex Energy Limited (SEL) has become the latest Indian renewables company to announce plans for an initial public offering (IPO) in recent months. Regulatory documents show that ...
CPPIB Invests $144 Million in ReNew Power for a 6.3 Percent Stake
The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 percent stake in Indian renewable energy project developer ReNew Power from the Asian Development Bank (ADB) for $144 million ...
Vector Green Completes Refinancing of Two Solar Projects in Telangana
Vector Green Energy has completed the refinancing of two solar projects with 223 MW of combined capacity in Telangana. The refinancing was initially sought after the company acquired the projects ...
Government Announces $350 Million Solar Development Fund for Project Financing
The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
