Azure Power Issues Dollar Green Bond of $414 Million

Azure Power Issues Dollar Green Bond of $414 Million

Independent power producer Azure Power Global, through its 100% subsidiary Azure Power Energy, announced the issuance of a dollar green bond of $414 million. The bonds will have a tenor ...
/ / Finance and M&A, Solar
Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

CleanMax, an Indian renewable energy company, announced that Augment Infrastructure, a U.S.-based investment company, has acquired a majority stake in the company investing ₹16.5 billion (~$222.23 million) in equity. As a ...
/ / Finance and M&A, Solar
ReNew Power Acquires 260 MW of Operational Solar Projects in Telangana

ReNew Power Acquires 260 MW of Operational Solar Projects in Telangana

ReNew Power, an independent power producer, announced that it has signed a definitive agreement to acquire 260 MWac of operational solar projects in Telangana. In addition, the company also signed ...
/ / Finance and M&A, Solar
Residential Solar Firm Sunrun’s Total Revenue Surges 121% YoY in Q2 2021

Residential Solar Firm Sunrun’s Total Revenue Surges 121% YoY in Q2 2021

Sunrun, a U.S.-based residential solar, battery storage, and energy services company, has announced financial results for the second quarter (Q2) of the calendar year (CY) 2021. The company’s total revenue ...
/ / Finance and M&A, Solar
Tata Power’s Solar EPC Business Drives Revenues Up in Q1 FY 2022

Tata Power’s Solar EPC Business Drives Revenues Up in Q1 FY 2022

Tata Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 47% growth in consolidated revenues to ₹98.31 billion (~$1.32 billion) compared ...
/ / Finance and M&A, Solar
Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022

Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022

Renewable energy company Adani Green Energy Limited (AGEL) reported a total income of ₹10.79 billion (~$145.40 million) in the first quarter (Q1) of the financial year (FY) 2022, a 23% ...
/ / Finance and M&A, Solar
Torrent Power Acquires 100% Stake in a 50 MW Solar Project in Maharashtra

Torrent Power Acquires 100% Stake in a 50 MW Solar Project in Maharashtra

Gujarat-based power generation company Torrent Power has signed an agreement with Lightsource India and Lightsource Renewable Energy to acquire 100% of the share capital and all securities of the special purpose ...
/ / Finance and M&A, Solar
OMERS Infrastructure to Acquire 19.4% Stake in Azure Power for $219 Million

OMERS Infrastructure to Acquire 19.4% Stake in Azure Power for $219 Million

OMERS Infrastructure announced that it has signed a stock purchase agreement to acquire a 19.4% stake in Indian independent power (solar) producer Azure Power Global for $219 million from International Finance Corporation (IFC) ...
/ / Finance and M&A, Solar
Amp Energy Secures $100 Million for its 1.7 GW of Renewable Energy Projects Portfolio

Amp Energy Secures $100 Million for its 1.7 GW of Renewable Energy Projects Portfolio

Renewable energy-focused infrastructure fund manager Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure New Markets Fund (CI NMF), has signed an investment agreement with Amp Energy India to enable joint ...
/ / Finance and M&A, Solar
ACME Solar Raises $334 Million in Offshore Green Bonds for 12 Solar Projects

ACME Solar Raises $334 Million in Offshore Green Bonds for 12 Solar Projects

Independent power producer ACME Solar (ACME) has raised around $334 million for 12 of its solar projects through the issuance of offshore green bonds. The debt investment will be funded ...
/ / Finance and M&A, Solar
KKR’s Renewable Platform Virescent Plans ₹4.25 Billion InVIT Issue for its Solar Assets

KKR’s Renewable Platform Virescent Plans ₹4.25 Billion InVIT Issue for its Solar Assets

Virescent Infrastructure, a renewable energy platform of global investment company KKR, has filed a draft placement memorandum with the Securities and Exchange Board of India and the National Stock Exchange of ...
/ / Finance and M&A, Solar
Adani Electricity Mumbai Raises $300 Million in Sustainability-Linked Bonds

Adani Electricity Mumbai Raises $300 Million in Sustainability-Linked Bonds

Adani Electricity Mumbai Limited (AEML), Adani Transmission Limited’s distribution arm, has raised $300 million in sustainability-linked bonds as part of its $2 billion global medium-term notes program. The issue marks the ...
/ / Finance and M&A, Solar
Fourth Partner Energy Acquires 8.9 MW Distributed Solar Portfolio from Statkraft

Fourth Partner Energy Acquires 8.9 MW Distributed Solar Portfolio from Statkraft

Distributed solar company Fourth Partner Energy announced that it has acquired distributed solar portfolio with an 8.9 MWdc capacity from Statkraft India. Of this capacity, 5 MW is an open access solar project ...
/ / Finance and M&A, Solar
AIIB Approves $50 Million Loan for Enel Green Energy's 300 MW Solar Project

AIIB Approves $50 Million Loan for Enel Green Energy’s 300 MW Solar Project

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, announced that it has approved a $50 million loan facility to Italy-based Enel Green Power to develop a 300 MW solar project ...
/ / Finance and M&A, Solar
Distributed Solar Company MYSUN Raises ₹150 Million from Tata Cleantech Capital

Distributed Solar Company MYSUN Raises ₹150 Million from Tata Cleantech Capital

Rooftop solar solution provider MYSUN has joined hands with Tata Cleantech Capital Ltd (TCCL) to raise ₹150 million (~$2 million) in debt funding. Tata Cleantech Capital is a joint venture ...
/ / Finance and M&A, Solar
IndiGrid Completes Acquisition of 100 MW Solar Projects from Fotowatio for ₹6.6 Billion

IndiGrid Completes Acquisition of 100 MW Solar Projects from Fotowatio for ₹6.6 Billion

The Indian power sector’s first infrastructure investment trust (InvIT), IndiGrid, announced the completion of the acquisition of a 100% stake in two solar assets with a cumulative capacity of 100 ...
/ / Finance and M&A, Solar
Thailand’s PTT Group Acquires 41.6% Stake in Avaada’s Solar Portfolio for $453 Million

Thailand’s PTT Group Acquires 41.6% Stake in Avaada’s Solar Portfolio for $453 Million

Global Power Synergy Public Company Limited (GPSC), a power subsidiary of Thailand-based PTT Group, announced that its subsidiary Global Renewable Synergy Company (GRSC) has acquired a 41.6% stake in renewable ...
/ / Finance and M&A, Solar
Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Mobility and Bank of Baroda have signed one of the largest long-term debt financing agreements in the Indian electric vehicle (EV) industry. The ten-year debt of $100 million ...
/ / Finance and M&A, Solar
Distributed Solar Company Fourth Partner Energy Raises $125 Million in Equity Funding

Distributed Solar Company Fourth Partner Energy Raises $125 Million in Equity Funding

Distributed solar company, Fourth Partner Energy has raised $125 million in equity funding.  Norwegian Investment Fund Norfund has brought in $100 million while existing shareholder the Rise Fund has invested $25 million ...
/ / Finance and M&A, Solar
JinkoSolar to Invest _$48.64 Million to Boost Polysilicon Production Capacity

JinkoSolar to Invest ~$48.64 Million to Boost Polysilicon Production Capacity

Solar module manufacturer JinkoSolar Holding has announced that its holding subsidiary, Shangrao JinkoSolar Industry Development, plans to invest RMB315 million (~$48.64 million) in equity in Inner Mongolia Xinte Silicon Materials ...
/ / Finance and M&A, Solar
Fortum to Sell 500 MW of Solar Projects in India to Actis

Fortum to Sell 500 MW of Solar Projects in India to Actis

Fortum has signed an agreement to sell the 250 MW Pavagada II and the 250 MW Rajasthan solar projects in India to Actis, a global infrastructure investment firm. The total ...
/ / Finance and M&A, Solar
UNOPS S3i, IFU Bring in Equity Investment for ACME’s 250 MW Solar Project

UNOPS S3i, IFU Bring in Equity Investment for ACME’s 250 MW Solar Project

ACME Solar has signed a shareholders' agreement with UNOPS S3i and IFU for developing a 250 MW solar project located in Rajasthan, India. In March 2019, ACME had won the ...
/ / Finance and M&A, Solar
Azure Power Registers 16.2% YoY Rise in Revenue in Q4 2021

Azure Power Registers 16.2% YoY Rise in Revenue in Q4 FY2021

Azure Power posted a 16.2% year-over-year (YoY) rise in its revenue in the fourth quarter (Q4) of the financial year (FY) 2021, driven by projects commissioned in FY 2021. Other reasons ...
/ / Finance and M&A, Solar
Goa Launches Solar-Based Remote Village Electrification Program (1)

Goa Launches Solar-Based Remote Village Electrification Program

In a green push, the Chief Minister of Goa, Pramod Sawant, has inaugurated a solar photovoltaic (PV)-based electrification program focusing on delivering clean, affordable, and reliable energy to those residing ...
/ / Finance and M&A, Solar
IREDA Posts a Record 61% YoY Growth in After-Tax Profits in FY 2020-21

IREDA Posts a Record 61% YoY Growth in After-Tax Profits in FY 2020-21

The Indian Renewable Energy Development Agency (IREDA) posted a profit after tax of ₹3.46 billion (~$47.75 million) as against ₹2.1 billion (~$29.67 million) in the last financial year (FY), registering ...
/ / Finance and M&A, Solar