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 ...
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 ...
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, ...
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
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’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 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
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 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, 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
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 ...
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’ ...
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
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 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
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 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
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
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 ...
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
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 ...
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 ...
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 ...
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 ...
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 ...
