Finance and M&A

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Inox Wind Maintains Growth Momentum, Records 190% Surge in Q4 Revenue

Wind energy solutions provider Inox Wind reported a profit after tax of ₹376.7 million (~$4.51 million) for the fourth quarter (Q4) of the financial year (FY) 2024 from...

May 7, 2024

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Arjun Joshi

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Finance and M&A

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Wind
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Fortum Exits Indian Solar Market, Evaluates Remaining Operations

Finland-based energy company Fortum said it is exiting the Indian solar power market after signing an agreement to sell its remaining 43.75% stake in a 185 MW solar...

May 3, 2024

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Staff

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Finance and M&A

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Solar
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First Solar Q1 Profit Soars 455% on Strong Sales, Improved Margins

U.S.-based First Solar’s net income for the first quarter (Q1) of 2024 surged by 455% to $236.6 million from $42.6 million in the same quarter last year, with the solar...

May 2, 2024

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Staff

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Finance and M&A

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Solar
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JinkoSolar’s Q1 Profit Drops 44% as Falling Module Prices Hurt Margins

China-headquartered solar cell and module manufacturer JinkoSolar saw a 44% decline in its first quarter (Q1) profit as decreasing module prices hurt the company’s...

April 30, 2024

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Staff

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Finance and M&A
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Project Finance Brief: Origis Secures $136 Million for 75 MW Solar Project

From: Mercom Capital Group Origis Energy, a vertically integrated renewable energy platform and solar project developer, secured a $136 million construction financing...

April 24, 2024

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Staff

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Finance and M&A

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Solar
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IREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 22, 2024

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Gautamee Hazarika

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Finance and M&A

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Solar
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Solar Module Manufacturer Premier Energies Files DRHP for ₹15 Billion IPO

Telangana-based solar cell and module manufacturer Premier Energies has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to...

April 22, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

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Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

Avaada Energy has closed a ₹44.71 billion (~$535.3 million) refinancing deal with the National Bank for Financing Infrastructure and Development (NaBFID) for four...

April 19, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

From: Mercom Capital Group Arevon Energy, a solar and storage project developer, has secured $352 million in financing for the construction and development of 228 MW of...

April 17, 2024

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Staff

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Finance and M&A

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Solar
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Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Husk Power Systems, a decentralized solar-hybrid mini-grids provider, has secured a $4 million investment in debt financing from Electrifi. This impact investment...

April 16, 2024

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Mercom Staff

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Finance and M&A

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Off-grid

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Solar
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Project Finance Brief: OX2 Sells 42.5 MWh Energy Storage Project in Sweden

From: Mercom Capital Group OX2, a solar and energy storage project developer, reached an agreement to sell the 42.5 MW/ 42.5 MWh Bredhälla energy storage project in...

April 10, 2024

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Sohini Aich

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Finance and M&A

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Solar
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Project Finance Brief: Pivot Energy Secures Tax Equity Investment from Walmart

From: Mercom Capital Group Pivot Energy, a solar project developer, has secured tax equity investment from the U.S. retail chain Walmart to develop 19 solar...

April 3, 2024

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Staff

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Finance and M&A

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Solar
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Strong Inverter Sales Drive SMA Solar’s Revenue Growth in 2023

Germany-based solar energy equipment supplier SMA Solar Technology reported a 79% jump in its 2023 revenue on the back of strong inverter sales. The company’s...

March 28, 2024

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Staff

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Finance and M&A
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Higher Module Shipments Drive JinkoSolar’s Revenue in Q4

China-headquartered solar cell and module manufacturer JinkoSolar‘s total revenue in the fourth quarter (Q4) of 2023 rose by 9.4% year-over-year (YoY) to RMB 32.83...

March 21, 2024

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Staff

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Finance and M&A

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