PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

Tata Cleantech Raises ₹1,800 Million from Netherland’s FMO through Green Bonds

Tata Cleantech Capital Limited (TCCL) has raised ₹1,800 million (~$25.62 million) through green bonds from FMO, the Netherlands Development Finance Company. Tata Cleantech is a part of Tata Group in ...
/ / Finance and M&A, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Reliance Buys 88% Stake in Renewable Energy Firm Kanoda Energy Systems

Reliance, one of the country’s largest companies, has acquired controlling stake in a renewable energy firm. In a Bombay Stock Exchange (BSE) filing, Reliance Industrial Investments and Holdings Limited (RIIHL), ...
/ / Finance and M&A, Solar
Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

Rays Power Infra Raises $28 Million to Expand its Solar Business

Solar developer Rays Power Infra has announced that it has secured ₹2 billion (~$28.4 million) through hybrid debt and equity financing from lender and asset management firm DMI Finance (DMI). The company ...
/ / Finance and M&A, Solar
Shell to Acquire 49 Percent Stake in Cleantech Solar

Shell to Acquire 49 Percent Stake in Cleantech Solar

Cleantech Solar, a Singapore-based renewable energy project developer, has announced that Shell Eastern Petroleum Ltd (Shell) will acquire a 49 percent interest in the company. The deal is expected to ...
/ / Finance and M&A, Solar
SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar

ADB to Invest $155 Million in B.Grimm Power’s Green Bonds for Solar Projects in Thailand

The Asian Development Bank (ADB ) has announced that it will invest 5 billion Thai baht ($155 million) in one of Thailand’s largest private power producers, B.Grimm Power through 5-year ...
/ / Finance and M&A, Solar
Solar Developers Win Four Project Commissioning Delay Cases in Telangana

African Development Bank Approves $18 Million Loan for a 50 MW Solar Project in Kenya

The African Development Bank (AfDB) has approved a senior loan of $18.17 million for the development of 50 MW Kopere solar power project in Nandi County, Kenya. The project also ...
/ / Finance and M&A, Solar
Fund for Off-grid Solar in Kenya

Off-Grid Solar Solutions Provider SolarHome Raises $10 Million in Debt Financing

SolarHome, a Singapore-based Pay-As-You-Go (PAYG) off-grid solar solutions provider in southeast Asia, has raised $10 million in debt financing from a consortium of international investors, including Crowdcredit, a cross-border crowdfunding platform ...
/ / Finance and M&A, Solar
India’s Solar Market Share Leaders for First Half of 2018 Revealed

EBRD and Green Climate Fund to Lend $73.5 Million to Kazakhstan’s 100 MW Solar Project

The European Bank for Reconstruction and Development (EBRD) has signed an agreement with a German company, Joachim Goldbeck Holding GmbH,  to develop a 100 MW solar project in the Karaganda region ...
/ / Finance and M&A, Solar
CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million

CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million

CLP India, one of the largest foreign investors in the Indian power sector, and domestic renewable energy project developer Suzlon have executed a deal for the sale of Tornado Solarfarms Limited to ...
/ / Finance and M&A, Solar
Indian Rooftop Solar Company Freyr Energy Raises ₹270 Million in Series- A Funding

Indian Rooftop Solar Company Freyr Energy Raises ₹270 Million in Series-A Funding

Freyr Energy, a Hyderabad-based rooftop solar company, has announced raising ₹270 million (~$3.81 million) through a mix of equity and debt investments. The company has more than 1,000 installations across ...
/ / Finance and M&A, Solar
Solar Developers Win Four Project Commissioning Delay Cases in Telangana

Canadian Solar Completes Purchase of 30 MW of Solar Projects in Telangana from Suzlon

Canadian Solar, a global module supplier and solar project developer, has announced that it has acquired remaining 51 percent stake in two solar power projects from Suzlon Energy, a leading wind ...
/ / Finance and M&A, Solar
Prism Johnson Acquires 30% Stake in Cleantech SPV to Build 22 MW of Captive Solar Projects

Prism Johnson Acquires 30% Stake in Cleantech SPV to Build 22 MW of Captive Solar Projects

Prism Johnson Limited (formerly Prism Cement) has agreed to acquire up to 30 percent equity stake in a special purpose vehicle (SPV) which will be incorporated with CSE Development (India) ...
/ / Finance and M&A, Solar
Engie Acquires 90 Percent Stake in Solar Solutions Provider Simpa Energy

Engie Acquires 90 Percent Stake in Solar Solutions Provider Simpa Energy

ENGIE, a global independent power producer (IPP), has acquired a 90 percent stake in Simpa Energy, from its parent company Simpa Networks, a distributed energy solutions provider with pay-as-you-go pricing ...
/ / Finance and M&A, Solar
REC Raises $700 Million Through Global Medium-Term-Note Program

REC Raises $700 Million Through Global Medium-Term-Note Program

The REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise under the Government of India, has raised $700 million through initial foray of its $5 billion global ...
/ / Finance and M&A, Solar
CDPQ Increases its Stake in Azure Power to 40%

CDPQ Increases its Stake in Azure Power to 40%

Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, has announced an increase in its stake in Azure Power Global Ltd (Azure Power). Azure Power is a leading ...
/ / Finance and M&A, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

ib vogt GmbH, a Germany based integrated solar developer, has agreed to acquire the majority of shares of nv vogt Singapore Pte, another solar developer. The aim of this merger ...
/ / Finance and M&A, Solar
Zambia Tenders 100 MW of Solar Projects

ThomasLloyd Acquires Major Stake in Solar Project Developer SolarArise India

ThomasLloyd, a global investment and advisory firm dedicated to the infrastructure sector in Asia, has announced the acquisition of a significant stake in the Delhi-based solar project developer SolarArise India ...
/ / Finance and M&A, Solar
Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

The Greenko Group has entered into a definitive purchase agreement to acquire Skeiron Green Renewables. The deal will add approximately $200 million to Greenko’s EBITDA  (Earnings Before Interest, Tax, Depreciation and Amortization) in ...
/ / Finance and M&A, Solar
Developers who have projects under development need to use the pass through option due to safeguard duty that was imposed recently on solar imports

Azure Power Secures $58 Million for its 100 MW Solar Project at Pavagada

Leading renewable energy project developer Azure Power (NYSE: AZRE), has achieved the financial closure of a deal worth ₹4 billion (~$58 million) for its 100 MW solar power project in ...
/ / Finance and M&A, Solar
Soltec Locks €100 Million Credit Facility With 11 Banks

Soltec Locks €100 Million Credit Facility With 11 Banks

Soltec, a single-axis solar tracker firm, has signed a €100 million (₹8.48 billion) syndicate credit facility with 11 banks. In a media statement issued on its website, Soltec informed that ...
/ / Finance and M&A, Solar
Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

Azure Power (NYSE: AZRE), an independent solar power producer, has achieved financial closure for a 200 MW grid-connected solar photovoltaic (PV) project to be developed in the Bhadla Solar Park, Rajasthan ...
/ / Finance and M&A, Solar
Zambia Plans to Develop 100 MW of Solar Projects

Cleantech Solar Raises $50 Million From Climate Fund Managers

Cleantech Solar, a Singapore-based renewable energy project developer, has received a $50 million equity investment from Climate Fund Managers (CFM), a climate-dedicated investment manager, to support its growth in Asia ...
/ / Finance and M&A, Solar
Adani Green Acquires AGEPteL to Foray into International Renewable Business

Adani Green Acquires AGEPteL to Foray into International Renewable Business

Adani Green Energy, a leading renewable energy project developer in the country, incorporated a wholly-owned subsidiary company Adani Wind Energy (GJ) Limited (AWEGL) on August 21, 2018, according to a ...
/ / Finance and M&A, Solar
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

The Indian solar sector received investments to the tune of $1.86 billion in the second quarter (Q2) of calendar year (CY) 2018 according to Mercom India Quarterly Market Updates. Investments ...
/ / Finance and M&A, Solar
Capital Dynamics Closes $1.2 Billion Clean Energy and Infrastructure Deal

Capital Dynamics Closes $1.2 Billion Clean Energy and Infrastructure Deal

Capital Dynamics, an independent global asset manager, has announced capital commitments of $1.2 billion for the closing of its Clean Energy and Infrastructure VII JV LLC fund ("CEI VII"). This ...
/ / Finance and M&A, Solar