Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects in India
Indian renewable energy project developer Azure Power has raised $135 million in debt financing from a consortium of development finance institutions. The proceeds will be used to finance approximately 200 MW of ...
EBRD and ADB Finance $50 Million for a Solar Project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) and Asian Development Bank (ADB) are investing heavily in the solar photovoltaic (PV) sector of Kazakhstan. The EBRD, Clean Technology Fund and Asian ...
ADB to Finance Solar Projects Worth $40 Million in Indonesia
The Asian Development Bank (ADB) will fund solar photovoltaic (PV) projects worth $40 million in Indonesia. The bank has announced a private sector financing package totaling $40 million to invest in ...
Trina Solar Acquires Spain’s Solar Tracker Manufacturer Nclave Renewables
Trina Solar, a Chinese solar module and cell manufacturer has completed the acquisition of Nclave Renewable S.L., a Spanish solar tracker system manufacturer. The value of the deal has not ...
L&T Construction Wins Three Orders Worth ₹24.4 Billion for Electrification and Solar
Major engineering company Larsen and Toubro has announced that its subsidiary L&T Construction has bagged a bunch of orders worth ₹24.4 billion (~$358 million). In a statement issued by the ...
Hinduja National Power Corp Acquires Kiran Energy Solar
Hinduja National Power Corporation Limited (HNPCL), a subsidiary of the Hinduja Group, has successfully completed the acquisition of Kiran Energy Solar Power. According to the Press Trust of India (PTI), ...
African Development Bank Approves $1.5 Million Loan for Development of Solar in Nigeria
The African Development Bank (AfDB) has approved a $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian government’s implementation of Phase 1 of the Jigawa ...
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding
Indian renewable energy project developer, ReNew Power, has filed draft papers with capital market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO), according to the ...
Sunsure Energy Raises $2.2 Million in Working Capital for Solar Projects
Sunsure Energy, a solar turnkey solutions provider, has raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance to be used as working ...
IDFC Alternatives to Sell Infrastructure Asset Management Business to GIP India
IDFC Alternatives Limited, a wholly-owned step down subsidiary of IDFC Limited, has entered an agreement with investment firm Global Infrastructure Partners (GIP) India for the sale of its infrastructure asset ...
ReNew Power Acquires Indian Energy Limited for ₹364 Million
Indian renewable energy project developer ReNew Power has acquired a 100 percent stake in Indian Energy Limited (IEL) at a price of ₹364 million (~$5.545 million). In April 2018, ReNew ...
Lightsource BP and Everstone Group Form Joint Venture for Green Infrastructure in India
Lightsource BP, a global renewable energy development firm, and investment firm Everstone Group have teamed up to create a major fund management platform called EverSource Capital for the development of ...
Solar Solutions Provider d.light Raises $50 Million in Debt Financing
Off-grid solar solutions provider d.light has successfully raised $50 million in funding from the European Investment Bank (EIB), responsAbility Investments, Social Investment Managers & Advisors (SIMA), SunFunder, and another mission ...
World Bank Approves $55 Million for Renewable Energy in Bangladesh
The World Bank has approved $55 million in financing to expand the use of renewable energy in rural areas of Bangladesh that grid electricity cannot easily reach. The funds will ...
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018
Regulatory ambiguities and tariff uncertainties were a drag on the global solar sector in the first quarter of 2018, causing the announced corporate funding total to fall by 65 percent ...
IFC and Government of Canada Invest in Yoma Micro Power
The International Finance Corporation (IFC) has taken stake in a Yoma Strategic Holdings project to power rural communities in Myanmar. This investment will raise up to $28 million through equity ...
Engie Completes Acquisition of Fenix International
French multinational energy conglomerate Engie has completed 100 percent acquisition of Fenix International, a next generation energy company that offers solar home systems (SHS) in Africa. The acquisition will help Engie accelerate ...
GCL and SoftBank Form a $930 Million JVC to Enter Indian Solar Manufacturing Sector
GCL-Poly Energy Holdings Limited and SoftBank have entered a Memorandum of Understanding (MoU) to establish a joint venture company (JVC) for setting up an integrated solar photovoltaic (PV) manufacturing facility ...
Saudi Arabia and SoftBank Ink Deal to Develop World’s Largest Solar Project
Japanese telecom giant-turned-tech investor SoftBank has announced plans to invest in creating the world’s largest solar power project in Saudi Arabia, according to Reuters. The project is expected to have ...
Mahindra Renewables Achieves Financial Closure for 250 MW Project in Rewa Solar Park
Mahindra Renewables, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for a 250 MW grid-connected solar photovoltaic (PV) project being developed in the Rewa Solar Park in the ...
IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy Projects in India
The European Investment Bank (EIB) and the Indian Renewable Energy Development Agency (IREDA) have inked an agreement worth €150 million (~$184.81 million) to further the growth of renewable energy generation in ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017
In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
NABARD to Receive $100 Million for the Development of Rooftop Solar in India
The National Bank for Agricultural and Rural Development (NABARD) will soon receive a $100 million loan from the Green Climate Fund (GCF) for the development of rooftop solar. The development ...
Solar Solutions Provider Pawame Raises $2 Million to Increase Footprint in Kenya
Abu Dhabi-based off-grid solar power provider Pawame has raised $2 million from Gulf investors to provide sub-Saharan African households with solar power solutions. This seed funding will be utilized by ...
ADB to Provide $235 Million Loan for Renewable Projects in ASEAN
The Asian Development Bank (ADB) has agreed to provide a $235 million loan to B. Grimm Power Public Company Limited for the expansion of renewable energy projects in the member ...
