AIIB Approves $65 Million Loan for Hero Future Energies’ Solar Project in Jodhpur
The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, has announced that its board of directors has approved a $65 million (~₹912,896) loan for a 250 MW solar power ...
Solar Cold Storage Company Ecozen Completes $6 Million Series A Funding
Headquartered at Pune in Maharashtra, Ecozen, a provider solar cold storage and solar pumps, has completed $6 million (~₹423 million) in Series A fundraise. Sathguru Catalyser’s Innovation in Food and ...
Vector Green Energy Acquires RattanIndia’s Solar Portfolio
Vector Green Energy Private Limited, an independent power producer (IPP) which operates wind and solar projects, has acquired 225 MW (AC) solar generation capacity from RattanIndia, according to a source ...
Philippines-Based AC Energy Launches $400 Million Green Bonds
AC Energy, the energy platform of Philippines-based Ayala Corporation, has launched its non-deferrable green bonds. The aggregate principal amount is $400 million, with a fixed coupon of 5.6% for life ...
Sembcorp Set to Acquire Remaining 6% Stake in its Indian Subsidiary
Singapore-based renewable company Sembcorp Industries (Sembcorp) has announced that it will acquire the remaining 5.95% stake in its Indian arm, Sembcorp Energy Ltd. (SEIL) for ₹4,060 million ($56.9 million). According ...
With Newly Commissioned Solar Projects, Azure Power Sees a 28% Rise in Revenue in Q2 FY20
Azure Power (NYSE: AZRE) has announced its consolidated financial results for the second quarter of the financial year (FY) ending September 30, 2019. The independent solar power producer reported that ...
Canada’s Institutional Investor CDPQ to Invest $75 Million in Azure Power
Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has announced that it will invest $75 million in Azure Power Global Limited, a solar power ...
U GRO Capital and Sunvest Capital Launch ₹200 Million Solar Financing Program in India
U GRO Capital, a financial technology company, has entered into a partnership with Sunvest Capital, a non-banking financial company (NBFC) focused on providing rooftop solar financing. The two have announced ...
UAE-Based Masdar Backs India’s Hero Future Energies with $150 Million Investment
In a significant development for the domestic renewable industry, the United Arab Emirates-based Masdar has invested around $150 million (~₹10.7 billion) in Hero Future Energies, one of the leading names ...
Japan’s Univergy to Invest $200 Million in Zambian Solar Projects
Univergy Solar, a renewable energy company, based in Japan, is going to invest more than $200 million in two solar projects in the central African nation of Zambia. This is ...
Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies
Masdar (or Abu Dhabi Future Energy Company) is set to acquire a minority stake in Hero Future Energies Global Ltd. (HFE UK), and Hero Future Energies Private Ltd (HFE India) according to ...
Bengaluru-based Fuel Cell Startup Log 9 Materials Gets $3.5 Million in Series A Funding
Bengaluru-based fuel cell startup Log 9 Materials has announced that it has secured $3.5 million in the latest Series A round of funding led by Exfinity Venture Partners and Sequoia ...
Corporate Funding for Solar Sector Globally Rises by 34% With $9 Billion in 9M 2019
Total corporate funding (including venture capital/private equity, public market, and debt financing) in the first nine months (9M) of 2019 was up with $9 billion raised, compared to $6.7 billion ...
Airtel Makes its Foray into Solar Through the Group Captive Model
Leading telecom operator Bharti Airtel Limited has entered into an agreement with AMPSolar Evolution Private Limited (AMPSolar), a wholly-owned subsidiary of AMPSolar Technology Private Limited (AMP), to acquire equity shares ...
Avyan Renewable Solar’s Acquisition in SunEdison Reduced to 31%
Avyan Renewable Solar will now acquire 13,91,896 equity shares representing 31% of the equity share capital of SunEdison, according to a recent corporate filing by SunEdison with the Bombay Stock ...
Adani Green Raises $362.5 Million Through Issuance of Green Bonds
Adani Green Energy Limited (AGEL) has announced that its subsidiaries, Adani Renewable Energy Limited, Wardha Solar (Maharashtra), and Kodangal Solar Parks Private Limited, have approved the issuance of dollar-denominated 20-year ...
Shell Acquires 20% Stake in Solar Solutions Provider Orb Energy
Shell’s New Energies business has acquired nearly a 20% stake in Orb Energy, a solar solutions provider. According to a press statement issued by Orb, the new investment is likely ...
Solar Developer Azure Power to Float $350 Million Green Bond
Azure Power Solar Energy Private Limited, a wholly-owned subsidiary of Azure Power Global Limited has announced that it will issue a green bond offering of $350 million (~₹25 billion). The ...
Evolution II Fund Secures Another $87.75 Million for Clean Energy Access in Africa
Inspired Evolution, an Africa-focused investment advisory firm that specializes in providing clean energy access, has secured another $87.75 million, reaching a total capital of $216 million at the final closing ...
IAN Fund Invests ₹124 Million in a Startup Providing Solar Panel Cleaning Solutions
The IAN Fund, a seed fund, has led an investment worth ₹124 million (~$1.7 million) in Pune-based Nocca Robotics. The investment also saw participation from prominent angel investors from Indian ...
LONGi Solar Records 41% YoY Revenue Growth In the First Half of 2019
Chinese module supplier, LONGi Solar, has announced its financial results for the first half (1H) of 2019. The company’s operating revenue in the 1H of 2019 reached ¥14.11 billion ($2.08 ...
Adani Green Energy to Acquire 205 MW of Solar Assets from Essel Group
Adani Green Energy, the renewable energy arm of Adani Group, has announced that it has signed an agreement to acquire 205 MW of solar assets from Essel Group. The projects which ...
Adani Green Records 40% Revenue Increase As New Renewable Projects Begin Generation
Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its financial report for the first quarter (Q1) of the financial year (FY) 2020, ending June ...
SOLA Group Secures 400 Million Rand for 40 MW of Solar Projects in Southern Africa
The SOLA Group has committed to set up 40 MW of solar projects in Southern Africa. It has secured 400 million Rand (R) ($26.28 million) to build commercial and industrial ...
Azure’s Revenue Up by 40% in Q1 of Fiscal 2020 Driven by Newly Operational Solar Projects
Azure Power, an independent solar power producer, has announced its consolidated financial results for the first quarter (Q1) of the financial year (FY) 2019-20. The company generated a revenue of ...
