CPPIB Invests $144 Million Acquires 6.3 Percent% Stake in ReNew Power for a 6.3 Percent Stake $144 Million

CPPIB Invests $144 Million in ReNew Power for a 6.3 Percent Stake

The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 percent stake in Indian renewable energy project developer ReNew Power from the Asian Development Bank (ADB) for $144 million ...
/ / Finance and M&A, Solar
Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Energy has completed the refinancing of two solar projects with 223 MW of combined capacity in Telangana. The refinancing was initially sought after the company acquired the projects ...
/ / Finance and M&A, Solar
Government Announces $350 Million Solar Development Fund for Project Financing

Government Announces $350 Million Solar Development Fund for Project Financing

The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
/ / Finance and M&A, Solar
IFC Announces Financial Package for Jordan’s Biggest Solar PV Project

IFC Announces Financial Package of $188 million for Jordan’s Largest Solar PV Project

The International Finance Corporation (IFC), a member of the World Bank Group, has arranged a financial package of up to $188 million for the development of a 248 MW solar ...
/ / Finance and M&A, Solar
IFC to Invest $150 Million in Aditya Birla Finance

IFC to Invest $150 Million in Aditya Birla Finance

The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $150 million in Aditya Birla Finance Limited (ABFL). The loan amount would be utilized by ...
/ / Finance and M&A, Solar
Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

The Abu Dhabi Fund for Development (ADFD) will provide a concessional loan worth $25 million for the development of two solar photovoltaic (PV) projects in Mauritius and Rwanda. Both the ...
/ / Finance and M&A, Solar
MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, has decided to provide guarantee of up to $102.6 million in support of the construction, operation, and maintenance of six ...
/ / Finance and M&A, Solar
ReNew Power Raises $352 Million

ReNew Power Raises $352 Million to Pursue Expansion Plans

Indian renewable energy project developer ReNew Power has raised ₹22.35 billion (~$352 million) to be used for its expansion and loan-payment plans. Confirming the development, a source at ReNew Power told ...
/ / Finance and M&A, Solar
IFC to Invest $150 Million in Aditya Birla Finance

Orb Energy Raises $15 Million from FMO and OPIC

The solar firm Orb Energy has raised over $15 million (~₹954 million) in equity and debt to expand its in-house finance facility of rooftop solar projects for Small- and Medium-sized ...
/ / Finance and M&A, Solar
IFC to Loan $50 Million to Mahindra Renewables

IFC to Loan $50 Million to Mahindra Renewables

The International Finance Corporation (IFC), a member of the World Bank Group, will provide $50 million (~₹3.2 billion) as senior or IFC-A loan to Mahindra Renewables Private Ltd. (MRPL). MRPL, ...
/ / Finance and M&A, Solar
IREDA Files IPO papers with SEBI

IREDA Files IPO Papers with SEBI

Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
/ / Finance and M&A, Solar
Waaree Energies Raises ₹1 Billion from Centrum Financial Services and Private Equity Firm

Waaree Energies Raises ₹1 Billion from Centrum Financial Services and Private Equity Firm

Waaree Energies, an Indian solar module manufacturer and Engineering Procurement Construction (EPC) services provider, has raised ₹1 billion (~$15.6 million) from Centrum Financial Services Ltd, the non-banking finance arm of ...
/ / Finance and M&A, Solar
ACME’s Initial Public Offering to Fund Bhadla Solar Project

ACME’s $337 Million Initial Public Offering to Fund Bhadla Solar Project

The Securities and Exchange Board of India (SEBI) has approved ACME Solar Holdings’ Initial Public Offering (IPO) worth ₹22,000 million (~$336.86 million). The face value of each equity share is ...
/ / Finance and M&A, Solar
IRFC Raises Debut Green Bond on the London Stock Exchange

IRFC Raises $500 Million in its Debut Green Bond on the London Stock Exchange

The Indian Railways Finance Corporation (IRFC) has raised $500 million (~₹32.07 billion) through the issuance of its first green bond on the London Stock Exchange’s new International Securities Market. The ...
/ / Finance and M&A, Solar
IFC Invests $150 Million in Green Bonds in Philippines

IFC Invests $150 Million in Green Bonds in Philippines

First Filipino Green Bond Attracts Investment from World Bank Member The first green bond launched by a commercial bank in the Philippines has attracted a $150 million (~₹9.65 trillion) investment ...
/ / Finance and M&A, Solar
African Development Bank Approves Loan for Renewable Energy Projects

African Development Bank Approves $324 Million Loan for Renewable Energy Projects

The African Development Bank (AfDB) approved $324 million (~₹20.84 billion) in loan support for two renewable energy projects. The projects are being developed in Morocco and Côte d’Ivoire. The loan ...
/ / Finance and M&A, Solar
Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet, a solar home energy company, has raised $60 million (~₹3.86 billion) in funding from a group of investors led by London-based private equity fund manager Apis Partners. Greenlight ...
/ / Finance and M&A, Solar
Arjun Infrastructure Partners Acquires Enviromena Power Systems

Arjun Infrastructure Partners Acquires Enviromena Power Systems

Arjun Infrastructure Partners, a British independent infrastructure investment advisory company, has acquired Enviromena Power Systems (Enviromena), a clean energy project company in the Middle East and North Africa (MENA) region ...
/ / Finance and M&A, Solar
MBSB to Provide Financing to Develop Solar Project

MBSB to Provide MYR247 Million (~$59.91 million) in Financing to Develop a 50 MW Solar Project

The Malaysia Building Society Berhad (MBSB) has entered into an agreement with Solar Management (Seremban) Sdn Bhd (SMS) to provide up to MYR247 million (~$59.91 million) in financing to develop ...
/ / Finance and M&A, Solar
CleanMax Solar Raises Funding from IFC

CleanMax Solar Raises $15 Million (~₹964.52 Million) from IFC

CleanMax Solar, an Indian rooftop solar developer, has raised $15 million (~₹964.52 million) in investment from the International Finance Corporation (IFC), a member of the World Bank Group. The IFC ...
/ / Finance and M&A, Solar
Canada Pension Plan Investment Board to Invest About $200 Million in ReNew Power

Canada Pension Plan Investment Board to Invest About $200 Million in ReNew Power

The Canada Pension Plan Investment Board (CPPIB) is set to invest approximately $200 million (~₹12.9 billion) in ReNew Power Ventures in the form of compulsory convertible preference shares (convertible debt) ...
/ / Finance and M&A, Solar
World Bank Loan Solar Parks India

World Bank Will Provide $100 Million to Develop Solar Parks in India

The Government of India (GoI) and the World Bank have signed agreements to develop large-scale solar parks in India. As part of the agreements the World Bank will provide $100 ...
/ / Finance and M&A, Solar
Canadian Solar Sells 80 MW Solar Project in Maharashtra

Canadian Solar Sells 80 MW Solar Project in Maharashtra, India

Canadian Solar, a global module supplier and solar project developer, has sold its 80 MW (108 MW DC) grid-connected solar project in Maharashtra. The sale of the project by Canadian ...
/ / Finance and M&A, Solar
Financial Innovation Enables Scatec Solar to Launch Projects Worth Nearly $1 Billion

Financial Innovation Enables Scatec Solar to Launch Projects Worth Nearly $1 Billion

Innovative ways to raise capital, ranging from Islamic Green Bond to climate finance, has enabled Scatec Solar to launch 758 MW of clean energy projects on three continents - Asia, ...
/ / Finance and M&A, Solar
Financing Activity in the Indian Solar Sector So Far This Year

$4.2 Billion in Financing Activity in the Indian Solar Sector So Far This Year

In the first three quarters of 2017, the Indian solar sector saw almost $4.2 billion (~₹272 billion) in announced corporate, project funding, and M&A deals, according to the recently released ...
/ / Finance and M&A, Solar