Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

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 ...
/ / Finance and M&A, Solar
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018

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 ...
/ / Finance and M&A, Solar
PTC India FInancial and USICEF Partner to Finance Distributed Solar Projects in India

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 ...
/ / Finance and M&A, Solar
Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

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 ...
/ / Finance and M&A, Solar
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

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 ...
/ / Finance and M&A, Solar
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

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 ...
/ / Finance and M&A, Solar
AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

The African Development Bank board (AfDB) has announced the approval of a $20 million loan to the Democratic Republic of Congo (DRC). The funding will be used to support the ...
/ / Finance and M&A, Solar
Sri Lanka to Develop 28 Small Solar Power Projects

Actis Acquires 194 MW of Solar Assets from Shapoorji Pallonji

Actis has acquired 194 MW of operating solar power assets from Shapoorji Pallonji Infrastructure Capital (SP Infra) through Sprng Energy, its renewable energy platform in India. Actis is an investor ...
/ / Finance and M&A, Solar
KOR Energy Rooftop Projects

Rooftop Solar Developer CleanMax Secures ₹1.6 Billion Loan from PTC India

Mumbai-based rooftop solar energy company, CleanMax, has announced that its subsidiary CleanMax IPP has received ₹1.58 billion ($22.6 million) in a loan from PTC India Financial Services to refinance loans ...
/ / Finance and M&A, Solar
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India

The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
/ / Finance and M&A, Solar
ReNew Raises $375 Million Through Green Bond Issue

ReNew Raises $375 Million Through Green Bond Issue

Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
/ / Finance and M&A, Solar
Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

BBOXX, an off-grid clean energy technology provider, has announced that its funding initiative has reached the €6 million (~$6.78 million) mark. BBOXX was assisted by Trine, a company that helps ...
/ / Finance and M&A, Solar
Siemens Acquires KACO New Energy’s Solar String Inverter Business

Siemens Acquires KACO New Energy’s Solar String Inverter Business

German conglomerate Siemens has announced the acquisition of the string inverter business of the KACO new energy GmbH, a manufacturer of energy-related power electronics, for an undisclosed sum. The project ...
/ / Finance and M&A, Solar
ADB to Provide $11.5 Million for 50 MW of Solar Projects in Kazakhstan

ADB to Provide $11.5 Million for 50 MW of Solar Projects in Kazakhstan

The Asian Development Bank (ADB) has signed an $11.5 million loan agreement with Baikonyr Solar LLP for the expansion of solar power in Kazakhstan. The scope of work includes the ...
/ / Finance and M&A, Solar
KfW and Bank of Baroda to Refinance Solar Projects in India

KfW and Bank of Baroda to Refinance Solar Projects in India

German development bank, KfW, and Bank of Baroda have announced that they would extend funding of $113 million to refinance solar power projects in India under the Solar Partnership II ...
/ / Finance and M&A, Solar
OPIC Provides Initial Financing for SunFunder’s $85 Million Solar Energy Transformation Fund

OPIC Provides Initial Financing for SunFunder’s $85 Million Solar Energy Transformation Fund

The Overseas Private Investment Corporation (OPIC) has made an initial investment into SunFunder’s $85 million (~₹6.04 billion) Solar Energy Transformation Fund. The fund supports electricity access through the use of ...
/ / Finance and M&A, Solar
Maharashtra’s Shirdi Temple Reissues 10 MW Solar EPC Tender

UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy

Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
/ / Finance and M&A, Solar
Rooftop Solar Company ZunRoof Raises Third Round of Angel Funding

Rooftop Solar Company ZunRoof Raises Third Round of Angel Funding

ZunRoof, an Indian solar rooftop startup, has raised an undisclosed sum in the third round of angel funding, since its inception in June 2016. According to an email response to ...
/ / Finance and M&A, Solar
Open Access Banked Units Can be Adjusted If Power Sourced from Same Generator: MERC

Sunseap Group Acquires Minority Stake in Australian EPC Company Todae Solar

Sunseap Group has acquired a minority stake in Todae Solar, an Australian commercial and industrial engineering, procurement and construction (EPC) solar company. According to Sunseap, a Southeast Asia-based renewable energy ...
/ / Finance and M&A, Solar
Uttar Pradesh Invites Bids for 200 MW in its Private Sector Owned Solar Park

Canadian Firm AMP Solar Acquires Remaining 51% Stake in Rudra Solarfarms for $2 Million

AMP Solar, a Canadian renewable developer, has acquired the remaining 51 percent stake in Rudra Solarfarms, a special purpose vehicle built by another renewable developer Suzlon to execute the 15 ...
/ / Finance and M&A, Solar
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

AIIM to Invest $31 Million in Off-Grid Solar Solutions Provider BBOXX for a Minority Stake

BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, has announced that Africa Infrastructure Investment Managers (AIIM), through its AIIF3 fund, is investing $31 million for a minority stake ...
/ / Finance and M&A, Solar
Haryana Electricity Regulator Approves PPA with Deviations for a 10 MW Solar Project

Adani Green Energy Acquires Remaining 51% Stake in Karnataka’s Kodangal Solar Parks

Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated ...
/ / Finance and M&A, Solar
Ceiling Tariff of ₹3.10kWh Set for Maharashtra’s Solar Agricultural Feeder Program

Exide Industries to Invest 30% of Equity Shares in Three SPVs for Captive Solar Projects

Exide Industries, an Indian lead-acid storage battery manufacturer, will invest up to 30 percent of its total equity share capital in three special purpose vehicles (SPVs) to set up captive ...
/ / Finance and M&A, Solar
Cleantech Solar to Develop 27 MW Rooftop Solar PV Projects in Asia

Oakridge Energy Secures Line of Credit to Finance Residential Rooftop Solar Systems

Oakridge Energy, an Indian rooftop solar installer, has raised a line of credit from Maanaveeya Development & Finance Private Limited (Maanaveeya), Oikocredit’s financing arm in India. Oikocredit is a cooperative ...
/ / Finance and M&A, Solar
Scatec Solar Closes Financing for a 47 MW Project in Malaysia

Scatec Solar Closes Financing for a 47 MW Project in Malaysia

Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million ...
/ / Finance and M&A, Solar