Canadian Solar Ships 14.5 GW of Modules and 9 GWh of Battery Storage Systems in 2021

Canadian Solar Ships 14.5 GW of Modules and 9 GWh of Battery Storage Systems in 2021

Canadian Solar, a Canada-based solar module manufacturer, recorded net revenue of $1.53 billion in the fourth quarter (Q4) of 2021, a 47% year-over-year (YoY) increase, and a 24% quarter-over-quarter (QoQ) ...
/ / Finance and M&A, Solar
Airtel Acquires Stake in Avaada’s 10 MW Open Access Solar Project in Karnataka

Airtel Acquires Stake in Avaada’s 10 MW Open Access Solar Project in Karnataka

Bharti Airtel, one of India’s largest telecom companies, and its data center subsidiary, Nxtra Data, have acquired a 7.03% and 11.33% equity stake in Avaada KNShorapur, a special purpose vehicle ...
/ / Finance and M&A, Solar
Project Finance Brief: OX2 Acquires 500 MW of Solar and Wind Projects in Greece

Project Finance Brief: OX2 Acquires 500 MW of Solar and Wind Projects in Greece

From: Mercom Capital Group OX2 AB, a Swedish renewable energy company that develops, finance, and manages large-scale solar and wind projects, has acquired two portfolios in Greece with an installed capacity of ...
/ / Finance and M&A, Solar
Jinko Solar's Module Shipments Up 93% QoQ in Q4 2021

Jinko Solar’s Module Shipments Up 93% QoQ in Q4 2021

Chinese solar cell and module manufacturer Jinko Solar, in its recently announced financial results, posted a revenue of $2.57 billion in the fourth quarter (Q4) of 2021, a 73.9% year-over-year ...
/ / Finance and M&A, Solar
Adani Green Raises $288 Million to Finance Solar Wind Hybrid Projects in Rajasthan

Adani Green Raises $288 Million to Finance Solar Wind Hybrid Projects in Rajasthan

Adani Green Energy has raised a $288 million (~₹21.76 billion) financing facility by extending its construction financing framework to $1.64 billion (~₹124 billion) for its under-construction renewable asset portfolio through ...
/ / Finance and M&A, Solar
Project Finance Brief: Voltalia Sells Minority Stake in its 320 MW Solar Project in Brazil

Project Finance Brief: Voltalia Sells Minority Stake in its 320 MW Solar Project in Brazil

From: Mercom Capital Group STOA Infra and Energy, an investment fund specialized in infrastructure projects, acquired a 33% equity stake in the SSM1&2 solar projects in Brazil developed and owned ...
/ / Finance and M&A, Solar
Solar Cell Manufacturer Jupiter Raises ₹1.7 Billion From Edelweiss Group

Solar Cell Manufacturer Jupiter Raises ₹1.7 Billion from Edelweiss Group

Solar cell manufacturer Jupiter International raised ₹1.7 billion (~$22.19 million) from funds managed by Edelweiss Alternative Asset Advisors (EAAA). The capital raised includes debt and a convertible to equity instrument ...
/ / Finance and M&A, Solar
Project Finance Brief: Gore Street Acquires 90% Stake in a 22 MW Energy Storage Project

Project Finance Brief: Gore Street Acquires 90% Stake in a 22 MW Energy Storage Project

From: Mercom Capital Group London Stock Exchange-listed battery storage investment fund Gore Street has completed the acquisition of a 90% stake in a 22 MW/28 MWh operational energy storage asset in Cremzow, Germany. The ...
/ / Finance and M&A, Solar
Macquarie Led Consortium to Acquire Reden Solar for €2.5 Billion

Macquarie Led Consortium to Acquire Reden Solar for €2.5 Billion

A consortium led by Macquarie Asset Management will be acquiring solar project developer Reden Solar from InfraVia Capital Partners and Eurazeo for an enterprise value of €2.5 billion (~$2.72 billion) ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Aurora Solar Raises $200 Million in Series D Funding

Funding and M&A Roundup: Aurora Solar Raises $200 Million in Series D Funding

From: Mercom Capital Group Aurora Solar, a cloud-based solar projects design and proposal software solutions provider, has raised $200 million in a Series D funding round co-led by current investors Coatue and Energize ...
/ / Finance and M&A, Solar
Project Finance Brief: Blackstone-backed Aypa Acquires a 100 MW Energy Storage Project

Project Finance Brief: Blackstone-backed Aypa Acquires a 100 MW Energy Storage Project

From: Mercom Capital Group Aypa Power, a Blackstone portfolio company and developer, owner, and operator of energy storage and hybrid generation assets acquired the 100 MW Yadkins Energy storage project from  East Point ...
Avaada Energy to Raise ₹14.4 Billion Through AAA-Rated Green Bonds

Avaada Energy to Raise ₹14.4 Billion Through AAA-Rated Green Bonds

Renewable energy project developer Avaada Energy has announced that it will raise green bonds worth ₹14.4 billion (~$192 million) at 6.75% in the Indian capital market. According to the company, ...
/ / Finance and M&A, Solar
Azure Power Posts ₹4.48 Billion Revenue, 27% YoY Growth in Q3 FY 2022

Azure Power Posts ₹4.48 Billion Revenue, 27% YoY Growth in Q3 FY 2022

Azure Power, an independent solar power producer, reported operating revenue of ₹4.48 billion (~$60.2 million) in the third quarter (Q3) of the fiscal year (FY) 2022, a 27% year-over-year (YoY) ...
/ / Finance and M&A, Solar
ReNew Power’s Total Revenue Up 26% YoY in 9M FY 2022

ReNew Power’s Total Revenue Up 26% YoY in 9M FY 2022

Independent power producer ReNew Power has announced the results for the third quarter (Q3) of the fiscal year (FY) 2022, and the nine months ended December 31, 2021. The company ...
/ / Finance and M&A, Solar
Virescent Renewable Energy Trust Acquires Godawari Green Energy for ₹6.65 Billion

Virescent Renewable Energy Trust Acquires Godawari Green Energy for ₹6.65 Billion

Virescent Renewable Energy Trust (VRET), a renewable energy infrastructure investment trust by Virescent Infrastructure, has signed a share purchase agreement to acquire 100% shareholding and management control in Godawari Green ...
/ / Finance and M&A, Solar
Funding and M&A Roundup Hydrogen Fuel Cell Company Bramble Energy Raises $47 Million

Funding and M&A Roundup: Hydrogen Fuel Cell Company Bramble Energy Raises $47 Million

From: Mercom Capital Group London-based hydrogen fuel cell company Bramble Energy raised £35 million (~$47 million) in a Series B funding round led by HydrogenOne Capital Growth. Other existing institutional ...
/ / Finance and M&A, Other
AMPYR Solar Europe Secures €400 Million for Solar Project Development

AMPYR Solar Europe Secures €400 Million for Solar Project Development

AMPYR Solar Europe (ASE), a pan-European independent solar power producer, announced the closing of a €400 million (~$455 million) facility with CarVal Investors, an established global alternative investment manager, to ...
/ / Finance and M&A, Solar
Husk Power Secures ₹310 Million in Debt Financing to Expand Solar Microgrids

Husk Power Secures ₹310 Million in Debt Financing to Expand Solar Microgrids

Husk Power Systems, a renewable energy company working towards rural electrification, announced that it has secured ₹310 million (~$4.2 million) in debt financing from the Indian Renewable Energy Development Agency ...
/ / Finance and M&A, Solar
Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar), the solar engineering and construction arm of the Shapoorji Pallonji Group, recorded a total income of ₹15.02 billion (~$198.62 million) ...
/ / Finance and M&A, Solar
TotalEnergies Acquires SunPower’s C&I Solar Business for $250 Million

TotalEnergies Acquires SunPower’s C&I Solar Business for $250 Million

Global energy company TotalEnergies has signed a definitive agreement to acquire SunPower’s commercial and industrial (C&I) solutions business for $250 million, including $60 million of earn-out. The acquisition will help TotalEnergies develop ...
/ / Finance and M&A, Solar
Torrent Power Acquires a 25 MW Solar Project in Gujarat for ₹1.63 billion

Torrent Power Acquires a 25 MW Solar Project in Gujarat for ₹1.63 Billion

Gujarat-based power company Torrent Power Limited announced that it has entered into a share purchase agreement with Blue Daimond Properties and Balrampur Chini Mills to acquire 100% equity share capital of ...
/ / Finance and M&A, Solar
Enphase Energy’s Revenue Up 56% YoY to $412.7 Million in Q4 2021

Enphase Energy’s Revenue Up 56% YoY to $412.7 Million in Q4 2021

Enphase Energy, a supplier of microinverter-based solar-plus-storage systems, has reported a revenue of $412.7 million in the fourth quarter (Q4) of 2021, a 56.10% year-over-year (YoY) increase compared to $264.8 ...
/ / Finance and M&A, Solar
Tata Power’s Revenue Jumps 42% YoY to ₹110.15 Billion in Q3 FY 2022

Tata Power’s Revenue Jumps 42% YoY to ₹110.15 Billion in Q3 FY 2022

Tata Power has recorded a revenue of ₹110.15 billion (~$1.47 billion) in the third quarter (Q3) of the financial year (FY) 2022, a 42% year-over-year (YoY) increase compared to ₹77.56 billion ...
/ / Finance and M&A, Solar
Cipla to Procure Power from AMP Energy’s 16 MW Open Access Solar Project

Cipla to Procure Power from AMP Energy’s 16 MW Open Access Solar Project

Indian multinational pharmaceutical company Cipla Limited entered into a share subscription and shareholder’s agreement along with a power purchase agreement (PPA) to acquire a 32.49% stake on a fully diluted basis ...
/ / Finance and M&A, Solar
Virescent's Renewable Energy InvIT Raises ₹6.5 Billion Via Domestic Bond Issuance

Virescent’s Renewable Energy InvIT Raises ₹6.5 Billion via Domestic Bond Issuance

Virescent Renewable Energy Trust (VRET), a renewable energy infrastructure investment trust (InvIT) by Virescent Infrastructure, raised ₹6.5 billion (~$87 million) through domestic bond issuance across 7.33-year (₹1.5 billion (~$20 million)) ...
/ / Finance and M&A, Solar