Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia
Equis Energy, a renewable energy independent power producer (IPP), has achieved financial closure for the 127 MW Tailem Bend solar photovoltaic (PV) project in southern Australia. The construction work for ...
SunSource Raises Funds For Development of Solar Projects in Low-Income States
SunSource Energy Private Limited, an Engineering Procurement and Construction (EPC) services provider, has announced that it has raised capital from Neev Fund for the development of solar projects across various ...
IDFC Alternatives Acquires 40 MW Grid-Connected Solar Projects in Madhya Pradesh
Vector Green Energy, a wholly-owned subsidiary of IDFC Alternatives, has acquired 40 MW of grid-connected solar photovoltaic (PV) projects in the state of Madhya Pradesh. Vector Green Energy is a ...
IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects
The Indian Renewable Energy Development Agency Limited (IREDA) has entered into a $35 million sub-loan agreement with the Rewa Ultra Mega Solar (RUMSL) for the development of the Rewa and ...
Off Grid Electric Raises $55 Million to Expand Footprint in Africa
African rooftop solar provider Off Grid Electric and global energy company EDF are expanding their partnership in sub-Saharan Africa after Off Grid Electric received $55 million in Series D financing ...
GIP Closes Record $5 Billion Deal to Buy Equis Energy
Investment fund Global Infrastructure Partners (GIP) has closed on a deal to acquire a 100 percent stake in renewable energy project developer Equis Energy. The total transaction value of $5 ...
Azuri Announces Launch of $20 Million Debt Financing Program for Sub-Saharan Africa
Azuri Technologies, a pay-as-you-go (PayGo) off-grid solar products provider in the sub-Saharan African region, has announced the launch of its $20 million off-balance-sheet debt financing program. The program is aimed ...
Solex Energy Limited Launches Its Initial Public Offering
Solar component manufacturer Solex Energy Limited (SEL) has become the latest Indian renewables company to announce plans for an initial public offering (IPO) in recent months. Regulatory documents show that ...
CPPIB Invests $144 Million in ReNew Power for a 6.3 Percent Stake
The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 percent stake in Indian renewable energy project developer ReNew Power from the Asian Development Bank (ADB) for $144 million ...
Vector Green Completes Refinancing of Two Solar Projects in Telangana
Vector Green Energy has completed the refinancing of two solar projects with 223 MW of combined capacity in Telangana. The refinancing was initially sought after the company acquired the projects ...
Government Announces $350 Million Solar Development Fund for Project Financing
The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
IFC Announces Financial Package of $188 million for Jordan’s Largest Solar PV Project
The International Finance Corporation (IFC), a member of the World Bank Group, has arranged a financial package of up to $188 million for the development of a 248 MW solar ...
IFC to Invest $150 Million in Aditya Birla Finance
The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $150 million in Aditya Birla Finance Limited (ABFL). The loan amount would be utilized by ...
Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda
The Abu Dhabi Fund for Development (ADFD) will provide a concessional loan worth $25 million for the development of two solar photovoltaic (PV) projects in Mauritius and Rwanda. Both the ...
MIGA to Provide $102.6 Million for Six Solar Projects in Egypt
Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, has decided to provide guarantee of up to $102.6 million in support of the construction, operation, and maintenance of six ...
ReNew Power Raises $352 Million to Pursue Expansion Plans
Indian renewable energy project developer ReNew Power has raised ₹22.35 billion (~$352 million) to be used for its expansion and loan-payment plans. Confirming the development, a source at ReNew Power told ...
Orb Energy Raises $15 Million from FMO and OPIC
The solar firm Orb Energy has raised over $15 million (~₹954 million) in equity and debt to expand its in-house finance facility of rooftop solar projects for Small- and Medium-sized ...
IFC to Loan $50 Million to Mahindra Renewables
The International Finance Corporation (IFC), a member of the World Bank Group, will provide $50 million (~₹3.2 billion) as senior or IFC-A loan to Mahindra Renewables Private Ltd. (MRPL). MRPL, ...
IREDA Files IPO Papers with SEBI
Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
Waaree Energies Raises ₹1 Billion from Centrum Financial Services and Private Equity Firm
Waaree Energies, an Indian solar module manufacturer and Engineering Procurement Construction (EPC) services provider, has raised ₹1 billion (~$15.6 million) from Centrum Financial Services Ltd, the non-banking finance arm of ...
ACME’s $337 Million Initial Public Offering to Fund Bhadla Solar Project
The Securities and Exchange Board of India (SEBI) has approved ACME Solar Holdings’ Initial Public Offering (IPO) worth ₹22,000 million (~$336.86 million). The face value of each equity share is ...
IRFC Raises $500 Million in its Debut Green Bond on the London Stock Exchange
The Indian Railways Finance Corporation (IRFC) has raised $500 million (~₹32.07 billion) through the issuance of its first green bond on the London Stock Exchange’s new International Securities Market. The ...
IFC Invests $150 Million in Green Bonds in Philippines
First Filipino Green Bond Attracts Investment from World Bank Member The first green bond launched by a commercial bank in the Philippines has attracted a $150 million (~₹9.65 trillion) investment ...
African Development Bank Approves $324 Million Loan for Renewable Energy Projects
The African Development Bank (AfDB) approved $324 million (~₹20.84 billion) in loan support for two renewable energy projects. The projects are being developed in Morocco and Côte d’Ivoire. The loan ...
Greenlight Planet Raises $60 Million for Off-Grid Solar Financing
Greenlight Planet, a solar home energy company, has raised $60 million (~₹3.86 billion) in funding from a group of investors led by London-based private equity fund manager Apis Partners. Greenlight ...
