Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017
With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
Oriano Solar Raises Rs.200 Million in Series A Funding
Oriano Solar, a solar focused EPC firm, has raised Series A funding of Rs.200 million ($3 million) from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd. The investment ...
World Bank to Provide $100 Million to Develop Solar Parks in India
The World Bank has approved $100 million (~Rs.6.5 billion) to develop solar parks in India. This includes a $75 million (~Rs.4.8 billion) loan from International Bank for Reconstruction and Development ...
European Investment Bank to Provide EUR 200 Million (~$213 Million) Loan to State Bank of India for Large-Scale Solar
The European Investment Bank (EIB) approved a EUR 200 million (~Rs.13.8 billion), 20-year loan to State Bank of India (SBI) which will be utilized to help develop large scale solar ...
Asian Development Bank Approves $175 Million Loan Package for PGCIL
The Asian Development Bank (ADB) has approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country. The ...
World Bank to Provide $25 Million Loan to Develop Transmission at Rewa Solar Park
The World Bank Group is providing $25 million (~Rs.1.65 billion) to develop transmission infrastructure at the Rewa Solar Park. The loan is being provided at an interest rate of 0.25 ...
$1.1 Billion in Funding and M&A Deals Announced in the Indian Solar Sector in Q4 2016
With solar installations in 2016 totaling 4 GW, financial activity was robust in the fourth quarter of 2016, with approximately $1.1 billion (~Rs.76.6 billion) in announced corporate, project funding and ...
IFC to Invest $125 Million in Hero Future Energies
The International Finance Corporation (IFC), a World Bank Group member, will invest $125 million (~₹8.5 billion) in Hero Future Energies, the renewable energy arm of Hero Group. “IFC, together with ...
Fonroche Energie SAS Divests its India Solar Assets; Shifts Focus to Latin America
France-based renewable energy developer, Fonroche Energie SAS has divested its India solar assets aggregating 22.3 MW. The assets have been acquired by the Hinduja Group. Fonroche Saaras Energy (FSEPL) and ...
IREDA Launches Loan Program for Concentrated Solar Thermal Projects Set Up under the GEF-UNIDO-MNRE Program
The Indian Renewable Energy Development Agency (IREDA) has launched a loan program to provide easy financing to Concentrated Solar Thermal (CST) projects set up under the GEF - United Nations ...
ReNew Power Raises Rs.5 Billion Through Green Bonds
ReNew Power, announced its first public issue of non-convertible debentures (NCDs) with a face value of Rs.1 million (~$14,744) each, aggregating Rs.5 billion (~$73.72 million). Funding raised will be utilized ...
Greenko Completes SunEdison India Acquisition
Greenko Energy Holdings (Greenko) has completed the acquisition of SunEdison’s 587 MW Indian wind and solar projects for a cash payment of $42 million and assumption of project-level debt of ...
IDFC Alternatives Inks Rs.3.5 Billion Deal to Acquire 45 MW of Solar Projects from Punj Lloyd
IDFC Alternatives has signed a definitive agreement to acquire three solar projects aggregating 45 MW capacity from Punj Lloyd at an estimated enterprise value of Rs.3.5-3.75 billion (~$52.3-56 million). These ...
Suzlon to Set up 45 MW of Solar Projects in Telangana with Canadian Solar and Unisun Energy
Suzlon, an Indian wind and renewable energy company, announced that it will develop 45 MW of solar projects in Telangana, in partnership with Unisun Energy (15 MW) and Canadian Solar ...
Azure Power Global Shares Drop After IPO
Azure Power Global debuted on the New York Stock exchange as the first India solar company to go public in the U.S. under the trading symbol “AZRE”. The company had ...
Azure Power Revises its IPO Down To $75 Million
Azure Power has revised its Initial Public Offering (IPO). With the revised filing, Azure Power plans to raise $75 million (~Rs.5 billion) in place of the previously proposed $140 million ...
NTPC Lists Green Masala Bonds Worth Rs.20 Billion on Singapore Exchange
National Thermal Power Corporation (NTPC) has listed green masala bonds worth Rs.20 billion (~$300 million) on the Singapore Exchange (SGX). With this listing, NTPC expects to tap into investors with ...
$600 Million in VC funding for Solar in 2013, Strong Public Market Financings, Project Funding Activity
Total corporate funding up 25 percent at $10 billion Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisition ...
Solar sector sees $189 million in VC funding, $1.3 billion in M&A, in Q2 2013 reports Mercom Capital Group
Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the solar sector during the second ...
