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 ...
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 ...
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 ...
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 ...
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 ...
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% ...
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 ...
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) ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
