Singapore’s Sunseap Receives $43 Million Green Loan to Install 210 Rooftop Solar Systems
Sunseap Group, a Singapore-based renewable energy firm, has secured a $43 million green loan from the United Overseas Bank Limited (UOB) to increase the reach of solar power in the ...
With No Buyers, Moser Baer Solar Heads Towards Liquidation
The process for liquidation of assets of Moser Baer Solar has been initiated, and the stakeholders of the company have been asked by the National Company Law Tribunal (NCLT) to ...
Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business
Kolkata-based Srei Equipment Finance has announced that it has received a credit approval of $30 million from FMO, the Netherlands’ development finance company. According to Srei Equipment Finance Limited, the ...
Startup Skilancer Solar Receives Funding from Alfa Ventures to Scale its Operations
Alfa Ventures, a venture capital fund, along with serial entrepreneur Dhianu Das, has announced an investment of an undisclosed amount in Skilancer Solar, a startup that manufactures robotic cleaning equipment ...
Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya
Globeleq, an energy company focused on Africa has announced the financial closure of a 40 MW Malindi Solar photovoltaic project in Kenya. The company has also announced that it has ...
Greenko Raises $495 Million to Invest in 2.4 GW of Energy Storage Projects
General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA) have signed an agreement to invest $495 million as primary equity in Greenko Energy Holdings (Greenko), a renewable energy project ...
Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm
Japanese trading and investment company Mitsui & CO Limited (Mitsui) has announced that it has entered into an agreement with Indian engineering, procurement, and construction company (EPC), Mahindra Susten, to ...
ADB to Provide $7 Million to Support a 100 MW Solar Park Project in Cambodia
The Asian Development Bank (ADB) has approved a $7.64 million loan to support the construction of a 100 MW solar park in Cambodia. This loan is in support of the ...
ADB Lends $4 Million in Loan to Afghanistan’s 15 MW Solar Project
A $4 million loan agreement has been signed between the Asian Development Bank (ADB) and Barakat Kandahar Solar Energy (BKSE). BKSE is a special purpose vehicle (SPV) with its majority ...
Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar’s SPV at ₹129 Million
A filing made at the Bombay Stock Exchange (BSE) states that Mumbai-based global pharmaceutical major Cipla Limited has signed an agreement to acquire 26% stake on a fully diluted basis ...
India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects
Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequently ...
Renewable Development Firm Lightsource BP Raises £150 million to Finance Solar Projects
Lightsource BP, a global renewable energy development firm, has raised £150 million in debt financing from Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor. The funds will be utilized ...
Canadian Solar Secures $50 Million Term Loan from Credit Suisse
Canadian Solar has secured a $50 million term loan from Credit Suisse. Canadian Solar intends to deploy the term loan to support the development of international solar project pipeline and for ...
Panasonic Sells 90% Stake in its Malaysia Manufacturing Unit to GS Solar
Panasonic Corporation, a company developing diverse electronic technologies and solutions, has announced that it has reached a collaboration and acquisition agreement with GS-Solar (China) Company Limited, a thin film solar ...
Indian Solar Rooftop Startup ZunRoof Raises Series A Funding Worth $1.2 Million
ZunRoof, an Indian solar rooftop startup, has raised another fresh round of series A funding of $1.2 million from Godrej properties. ZunRoof specializes in solar rooftop design, installation, and management using computer ...
Module Supplier Canadian Solar Gets $48 Million Credit Expansion
Canadian Solar Projects K.K, a wholly-owned subsidiary of module supplier Canadian Solar has announced the renewal of a credit facility. The credit facility has been made available through a syndicate ...
Off-Grid Solar Solutions Provider SolarHome Raises $1 Million Equity Funding from Trirec
Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million equity from its existing investor Trirec. In 2018, Trirec was joined ...
Hero Future Energies to Receive $43 Million from IFC for a 250 MW Solar Project in Rajasthan
Clean Solar Power CSP), a step-down subsidiary of Hero Future Energies Global Ltd. (HFE), is set to receive a debt financing of up to $43.3 million from International Financial Corporation ...
Cleanmax Solar Raises ₹2.75 Billion in Funding to Scale Projects for Corporates
CleanMax Solar, a leading rooftop solar developer, has raised ₹2.75 billion (~ $39 million) in investment from the United Kingdom (UK) Climate Investments LLP (UKCI), which is a joint venture ...
Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy
Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
Global Solar Market Receives $2.8 Billion in Corporate Funding in Q1 2019
The solar sector received $2.8 billion in corporate funding globally, including venture capital funding, public market, and debt financing. Activity across venture capital funding, public market, and debt financing were ...
PTC India Financial and USICEF Partner to Finance Distributed Solar Projects in India
Indian infrastructure finance company, PTC India Financial Services (PFS), has partnered with the U.S.-India Clean Energy Finance (USICEF) to mobilize debt financing for distributed solar energy in India. This is ...
Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million
Suzlon Energy Limited (Suzlon) has announced that it will sell two of its solar subsidiaries to Ostro Energy, a wholly owned subsidiary of independent power producer, ReNew Power. The two ...
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO
Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
Solar EPC Company Gensol Plans for IPO
Gensol Engineering Limited (Gensol), a company that provides engineering, procurement, and construction (EPC) and advisory services for solar projects in India, has filed a draft red herring prospectus as part ...
