Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects

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

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

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 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

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 ...
ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States

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), ...
The grant will assist the government to achieve its national goals of reaching 75 percent electricity access by 2020

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

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 ...
MSEDCL’s 1 GW Solar Tender Oversubscribed by 450 MW

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 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

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 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 ...
/ / Finance and M&A, Solar
Solar Solutions Provider d.light Raises $50 Million in Debt Financing

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

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 ...
/ / Finance and M&A, Solar
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018

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

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

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 ...
/ / Finance and M&A, Solar
GCL and SoftBank Form a $930 Million JVC to Enter Indian Solar Manufacturing Sector

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 ...
/ / Finance and M&A, Solar
Saudi Arabia and SoftBank Ink Deal to Develop World’s Largest Solar Project

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 of 250 MW Project in Rewa Solar Park

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 ...
/ / Finance and M&A, Solar
IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy in India

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

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 ...
/ / Finance and M&A, Solar
NABARD to Receive $100 Million for the Development of Rooftop Solar in India

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 ...
/ / Finance and M&A, Solar
Solar Solutions Provider Pawame Raises $2 Million to Increase Footprint in Kenya

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 ...
Saudi Arabia’s Zahid Group Acquires 50 Percent Stake in Greencells Group

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 ...
/ / Finance and M&A, Solar