Malaysia's PETRONAS Decides to Invest in a Rooftop Solar Startup

Malaysia’s PETRONAS Decides to Invest in a Rooftop Solar Startup

PETRONAS, Malaysia's state-owned gas and oil company, signed an agreement to invest in SOLS Energy Sdn Bhd, a solar energy startup. The investment will help provide renewable energy to residential ...
/ / Finance and M&A, Solar
Fourth Partner Energy Raises $15 Million in Third Funding Round to Expand Solar Portfolio

Fourth Partner Energy Raises $15 Million in Third Funding Round to Expand Solar Portfolio

Distributed solar company, Fourth Partner Energy, has raised $15 million (~₹1.1 billion) in debt funding from responsAbility, a Switzerland-based development asset manager. According to the company’s press statement, the funding ...
/ / Finance and M&A, Solar
CIM Group Invests $40 Million in Solar Panel Cleaning Robotics Company Ecoppia

CIM Group Invests $40 Million in Solar Panel Cleaning Robotics Company Ecoppia

Robotic solar cleaning solutions provider Ecoppia announced that it secured a $40 million credit facility from a U.S.-based CIM Group. CIM is a community-focused real estate and infrastructure owner, operator, ...
/ / Finance and M&A, Solar
Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids

Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids

IIX Impact Partners, a debt and equity crowdfunding platform, announced that it has helped Bangladesh-based clean energy firm SOLshare close a $1.1 million (~₹81.9 million) financing round that will help ...
TPG’s Rise Fund Acquires 1 GW of Solar Projects from Trina Solar

TPG’s Rise Fund Acquires 1 GW of Solar Projects from Trina Solar

The Rise Fund, a global impact investment fund managed by TPG (formerly Texas Pacific Group), announced that it had acquired about 1 GW of solar projects from Chinese solar module ...
NextEnergy Capital Announces its First Solar Acquisition in India From IBC Solar

NextEnergy Capital Announces its First Solar Acquisition in India From IBC Solar

NextEnergy Capital’s institutional solar fund called NextPower III has announced its first acquisition in India. The company has acquired a 27.4 MW project located in Odisha. The solar project was ...
In the Largest Rooftop Solar Acquisition, Sunrun to Acquire Vivint Solar for $3.2 Billion

In the Largest Rooftop Solar Acquisition, Sunrun to Acquire Vivint Solar for $3.2 Billion

In the largest rooftop solar acquisition to date, Sunrun has entered into an agreement to acquire Vivint Solar in an all-stock transaction for $3.2 billion. Vivint Solar serves as a ...
CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business

CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business

The Global Climate Partnership Fund (GCPF) announced that it has provided Indian solar rooftop developer CleanMax with a $10 million (~₹743.08 million) credit facility to help it expand operations into Southeast ...
Adani Green Gets Stakeholders’ Approval to Raise ₹25 billion

Adani Green Gets Stakeholders’ Approval to Raise ₹25 Billion

Adani Green Energy Limited (AGEL) announced that it had received approval from its shareholders to raise ₹25 billion (~$331 million). The approval was granted during the company’s fifth annual general ...
Cleantech Solar Receives $75 Million Green Loan to Help Set Up 500 MW of Solar Projects

Cleantech Solar Receives $75 Million Green Loan to Help Set Up 500 MW of Solar Projects

Cleantech Solar, a Singapore-based commercial and industrial (C&I) focused solar developer, announced that it received a green loan of $75 million (~₹5.67 billion) from the Singapore branch of the ING Bank ...
ADB to Invest $17.7 Million in a 35 MW Solar Power Project in Bangladesh

ADB to Invest $17.7 Million in a 35 MW Solar Power Project in Bangladesh

The Asian Development Bank (ADB) has signed a deal with Spectra Solar Park Limited (SSPL) to invest $17.7 million (~₹1.33 billion) in a 35 MW utility-scale solar project in Bangladesh ...
/ / Finance and M&A, Solar
South African Solar Company Sun Exchange Secures $3 Million Funding

South African Solar Company Sun Exchange Secures $3 Million Funding

South Africa-based Sun Exchange, a peer-to-peer solar leasing platform, has announced that it has secured a $3 million (~₹226.02 million) investment. It secured the investment from ARCH Emerging Markets Partners’ ...
/ / Finance and M&A, Solar
Emami Group Sells its Solar Segment to Brookfield Asset Management

Emami Group Sells its Solar Segment to Brookfield Asset Management

The Emami Group, a Kolkata-based conglomerate, has sold its solar power business to Canadian Investment Company, Brookfield Asset Management, through a 100% stake sale. While the company confirmed the development ...
United States’ Development Bank to Support 450 MW of Solar Projects in India

United States’ Development Bank to Support 450 MW of Solar Projects in India

The U.S. International Development Finance Corporation (DFC) has approved $1 billion (₹75 billion) to help enhance sustainable development processes in Africa, Latin America, the Indo-Pacific, and other emerging markets, including ...
ReNew Power Acquires Climate Connect

ReNew Power Acquires Climate Connect

ReNew Power has announced that it has signed an agreement to acquire Climate Connect (also known as Regent Climate Connect Knowledge Solutions Private Limited). Climate Connect is a technology company ...
US-Based Fenice Group to Invest $2.5 Million in SunEdison’s Rooftop Solar Subsidiary

US-Based Fenice Group to Invest $2.5 Million in SunEdison’s Rooftop Solar Subsidiary

The Chennai-based renewable energy company, SunEdison Infrastructure Limited, has announced that it has entered into a share subscription and shareholders’ agreement with U.S.-based Fenice Investment Group LLC. Under this deal, ...
Tata Power Registers 3% Revenue Dip in FY 2020 As Demand Drops Due to COVID-19

Tata Power Registers 3% Revenue Dip in FY 2020 As Demand Drops Due to COVID-19

Tata Power has announced its annual results for the financial year (FY) 2019-20. The company’s income statement said that in the FY 2020, its revenue declined by 3% and stood ...
US-Based Solar Panel Maker SunPower Raises $1 Billion Financing

US-Based Solar Panel Maker SunPower Raises $1 Billion Financing

A U.S.-based solar panel maker, SunPower Corp., has announced a strategic partnership of $1 billion (~₹74.97 billion) with Technology Credit Union (Tech CU), one of the leading credit unions in ...
Rooftop Solar Solutions Provider MYSUN Raises ₹320 Million in Pre-Series A Funding

Rooftop Solar Solutions Provider MYSUN Raises ₹320 Million in Pre-Series A Funding

MYSUN, a Delhi-based technology platform for rooftop solar energy solutions, has raised ₹320 million (~$4.2 million) from its existing investors in a structured equity deal. This is a part of ...
/ / Finance and M&A, Solar
Taiwan’s Chenya Energy Receives Financing for World’s Largest Floating Solar Project

Taiwan’s Chenya Energy Receives Financing for World’s Largest Floating Solar Project

Taiwanese solar power developer, Chenya Energy Company Limited, announced that it received TWD 7.2 billion (~$239.2 million) financing for a 180 MW floating solar project in the Changhua Coastal Industrial Park ...
Investment Firm KKR to Acquire 317 MW of Solar Assets from Shapoorji Pallonji

Investment Firm KKR to Acquire 317 MW of Solar Assets from Shapoorji Pallonji

Shapoorji Pallonji Infrastructure Capital (SP Infra), a part of the Shapoorji Pallonji Group and KKR, a global investment firm, have signed an agreement under which the SP Infra will sell ...
/ / Finance and M&A, Solar
Singapore Solar Company LYS Energy Raises $10 million from United Overseas Bank

Singapore Solar Company LYS Energy Raises $10 Million from United Overseas Bank

LYS Energy Group (LYS), a Singapore-based solar independent power producer (IPP), has received S$14 million (~$10 million) green loans from the United Overseas Bank (UOB), Southeast Asia’s third-largest finance group ...
/ / Finance and M&A, Solar
Malaysia's Yinson Renewables Acquires 37.5% Equity Interest in Rising Sun Energy

Malaysia’s Yinson Renewables Acquires 37.5% Equity Interest in Rising Sun Energy

Malaysia-based Yinson Renewables (S) Pte Ltd, a wholly-owned subsidiary of Yinson Holdings Berhad, has entered into multiple agreements to acquire a 37.5% equity interest in Rising Sun Energy Private Limited ...
/ / Finance and M&A, Solar
500 MW Solar Project in Oman’s Ibri Achieves Financial Closure (1)

500 MW Solar Project in Oman’s Ibri Achieves Financial Closure

Saudi Arabia’s energy giant ACWA Power, along with the Gulf Investment Corporation (GIC) and Asia-Pacific Economic Cooperation (APEC), has achieved the financial closure for a 500 MW solar independent power ...
/ / Finance and M&A, Solar
Sterling and Wilson Solar Receives ₹5 Billion Against Outstanding Loans

Sterling and Wilson Solar Receives ₹5 Billion Against Outstanding Loans

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement and construction (EPC) company, has announced that it has received ₹5 billion (~$66.8 million) towards the outstanding loans from its ...