Solar Panel Cleaning Company Solavio Labs Secures ₹4 Million from New Brunswick Fund
Solavio Labs, a startup providing solar panel cleaning technology, has received ₹4.06 million (~56,044) in funding from the Canadian province New Brunswick through its New Brunswick Innovation Fund. With this ...
SolarEdge’s Revenue Inches Up in the Final Quarter of 2020
SolarEdge Technologies, an Israel-based solar inverter provider, announced that its revenue in the fourth quarter of the year ended December 31, 2020 (Q4 2020) was up 6% with $358.1 million ...
JSW Announces Sustainability, Renewable Energy Generation Roadmap
Mumbai-based power producer JSW Energy announced plans to double its power generation portfolio with renewable and hydropower-based generation sources contributing to 70% of its total capacity in the medium term ...
Sunnova Energy to Acquire Lennar’s Residential Solar Platform
Sunnova Energy International, a U.S.-based residential solar and storage service provider, has signed an agreement with Len X, a technology-focused subsidiary of Lennar Corporation, to acquire Lennar’s residential solar platform ...
Sterling and Wilson Subsidiary Acquires GCO Solar
Sterling and Wilson International Solar FZCO (SWFZCO) announced that it has fully acquired the equity share capital of GCO Solar, an Australia-based electrical and solar contractor. In a BSE filing, ...
Enphase Energy to Acquire DIN Engineering Services’ Solar Design Business
Enphase Energy, a U.S.-based energy technology company, has said it is acquiring DIN Engineering Services' Solar Design Services business. The acquisition will be closed by March 31, 2021. DIN Engineering ...
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020
Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...
EBRD, GEF and DEG Provide $31.2 Million Loan to Yellow Door for Solar Projects in Jordan
The European Bank for Reconstruction and Development (EBRD) and DEG have provided a $10.6 million loan in local currency to Yellow Door Energy, a UAE-based renewable energy company, to develop ...
EDEN Renewables Secures Financial Closure for its 450 MW SECI III Solar Project
Total Eren and EDF Renewables announced that EDEN Renewables India, which is their equally owned joint venture dedicated to large-scale Indian solar photovoltaic (PV) projects, has successfully secured financial closure ...
Residential Solar Company Sunlight Financial to Go Public in a $1.3 Billion SPAC Deal
Sunlight Financial, a U.S.-based residential solar financing platform, has signed an agreement for a business combination with Apollo Global Management-backed Spartan Acquisition Corporation II, a special purpose acquisition company (SPAC), ...
Residential Solar Financing Company Loanpal Receives $800 Million in Funding
Loanpal, a solar loan origination platform that finances solar systems and batteries, has secured over $800 million in funding in its first external investment round. The investment round was led ...
Cipla to Procure Solar Via Open Access Under Group Captive Model from AMP Energy
Indian pharmaceutical major Cipla will be procuring solar from a 20 MWac (30 MWdc) group captive project in Tuljapur, Maharashtra. Spread across 115 acres, the solar project has been commissioned ...
First Solar To Sell 10 GW of its US Solar Project Platform to Leeward Renewable Energy
First Solar, a U.S.-based solar panels manufacturer, has signed an agreement with Leeward Renewable Energy to sell its utility-scale solar project platform of around 10 GWac. The transaction will be ...
Adani Green to Acquire a 20 MW Solar Project in Uttar Pradesh
Adani Green Energy (AGEL) has signed a security purchase agreement with Hindustan Cleanenergy and Peridot Power Ventures to acquire Spinel Energy and Infrastructure (SEIL)'s total share capital and securities. SEIL ...
SECI Payouts to Solar, Wind Developers up Slightly at ₹3.85 Billion in November 2020
The Solar energy Corporation of India (SECI) paid nearly ₹3.85 billion (~$52.6 million) to solar and wind developers in November 2020, which amounted to over 60% of the total amount ...
Smart Solar Module Technology Provider Tigo Energy Secures $20 Million in Funding
Tigo Energy, a U.S.-based smart solar module technology provider, has secured a $20 million investment in the latest funding round led by Energy Growth Momentum, a U.K.-based investment firm. The ...
Naturgy Enters the US Renewable Energy Market with Acquisition of Hamel Renewables
Naturgy, a Spain-based gas and energy utility company, has entered into the U.S. renewable energy market by acquiring a U.S.-based solar and storage development platform Hamel Renewables. The acquisition incorporates ...
Invenergy Closes Financing for First Phase of America’s Largest Solar Project
Privately-held global developer and sustainable energy solutions operator, Invenergy, has announced the completion of construction financing for the first phase of the Samson Solar Energy Center in northeast Texas. Samson ...
Hybrid Solar Solutions Provider Daystar Power Secures $38 Million in Series B Funding
Daystar Power, a Nigeria-based hybrid solar power solutions provider, has secured $38 million in a Series B financing round. Denmark's Investment Fund for Developing Countries (IFU) led the funding round, ...
Belectric’s US Solar Operations and Maintenance Business Acquired by CAMS
US-based Consolidated Asset Management Services (CAMS) has acquired Belectric's US solar operations and maintenance (O&M) business, including its 141 operating sites across 11 states. With this acquisition, the company continues ...
Bharat Forge Invests ₹28.7 Million in Avaada’s Open Access Solar Project in Maharashtra
Bharat Forge, a Pune-based multinational infrastructure company, made an equity investment of ₹28.7 million (~$390,437) in renewable developer Avaada’s special purpose vehicle Avaada SataraMH (ASPL). The company invested the amount ...
IndiGrid to Acquire Two Solar Projects in Andhra Pradesh from Spain’s Fotowatio Renewable
IndiGrid Investment Managers Limited announced that it had signed a securities purchase agreement to acquire two solar projects of capacity 50 MW each from Madrid-based developer Fotowatio Renewable Ventures (FRV), FRV Solar ...
Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables
Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares. In ...
Ayana Renewable Raises $390 Million in Equity Funding
Bangalore-based renewable energy platform Ayana Renewable Power Private Limited has raised $390 million (~₹28.6 billion) in the latest round of funding. The CDC Group-UK’s development finance institution, National Investment and ...
SunEdison to Acquire 36% Stake in Sherisha Solar with a Capital Infusion of ₹187 Million
The board of directors of the Chennai-based renewable energy company, SunEdison Infrastructure Limited, has approved a capital contribution of ₹187 million (~$2.5 million) in Sherisha Solar Limited Liability Partnership (LLP) ...
