ReneSola Power’s Revenue Up by 39% QoQ in Q1 2021
ReneSola Power, a fully integrated solar project developer and operator, has announced the financial results for the first quarter (Q1) of the calendar year (CY) 2021. As per the financial ...
Adani Green Unit Transfers 74% Stake in Mundra Solar Energy to Adani Tradecom
Adani Renewable Energy Holding Four Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has transferred 74% shareholding of Mundra Solar Energy Limited (MSEL) to Adani Tradecom LLP (ATLLP) ...
Canadian Solar Reports 42% YoY Rise in Module Shipments
Canada-based solar module manufacturer Canadian Solar released its financial results for the first quarter (Q1) of 2021. The company's net revenue in Q1 2021 grew by 32% year-over-year (YoY) and ...
IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh
International Finance Corporation (IFC) – the financial arm of the World Bank – has proposed an equity investment of up to $15 million in South Asia Growth Fund II (SAGF II), ...
Residential Solar Company Sunrun’s Total Revenue Up 59% YoY in Q1 2021
Sunrun, one of the leading home solar, battery storage, and energy services companies in the United States, has announced financial results for the first quarter (Q1) of the calendar year ...
Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion
Adani Green Energy Limited (AGEL) has signed a share purchase agreement to acquire 100% stake in SB Energy India from Soft Bank Group (80%) and Bharti Group (20%). The transaction marks the ...
SECI Pays ₹4.33 Billion to Solar, Wind Generators in March for Power Purchase
The Solar Energy Corporation of India (SECI) paid nearly ₹4.33 billion (~$58.99 million) to solar and wind developers for the power it purchased in March 2021, as per the data ...
DFM Foods to Buy Solar Via Open Access Under Group Captive Mode from Fourth Partner Energy
Noida-based packaged snacks manufacturer DFM Foods announced that they have invested ₹9.6 million (~$130,672) to acquire 5.57% equity shares in Belenus Solar Private Limited, a special purpose vehicle of Fourth ...
KKR’s Renewable Platform Virescent Acquires 76 MW of Solar Projects from Sindicatum
Virescent Renewable Energy Trust, a platform created by global investment company KKR to acquire renewable energy assets in India, announced that it had acquired 76 MW of solar projects from ...
Adani Green’s Total Income for FY 2020-21 Up by 34% YoY
Renewable energy company Adani Green Energy Limited (AGEL) has released its audited financial results for the financial year (FY) ended March 31, 2021. AGEL's total income for FY21 has reportedly ...
SHV Energy Acquires Majority Stake in Distributed Solar Company SunSource
SHV Energy, a Netherlands-based global distributor of liquefied petroleum gas (LPG) has acquired a majority stake in India-based distributed solar company SunSource Energy. The investment amount is undisclosed. SunSource Energy, ...
First Solar Clocks 32% Rise in Net Sales QoQ in Q1 2021
First Solar, a U.S.-based manufacturer of solar modules, has released its financial results for the first quarter of 2021 (Q1 2021). Net sales for Q1 2021 touched $803.4 million, an ...
Fourth Partner Energy Secures ₹2.5 Billion to Expand C&I Solar Portfolio
CDC Group, a U.K. government-owned financial development institution, has announced a ₹2.5 billion (~$33.44 million) investment into distributed solar energy company Fourth Partner Energy. The capital from CDC will be ...
Funding and M&A Roundup: Solar Tracking Systems Company FTC Solar Files for IPO
From: Mercom Capital Group FTC Solar, a provider of solar tracker systems, technology, software, and engineering services, announced that it has filed for an initial public offering (IPO) of shares ...
Saudi Arabia’s ACWA Power Secures $114 Million for the 200 MW Solar Project in Egypt
Saudi Arabia’s energy giant ACWA Power has received a $114 million financing package for the 200 MW Kom Ombo solar project in Egypt from four agencies. The European Bank for ...
Rooftop Solar Company Freyr Energy Raises ₹180 Million in Funding
Hyderabad-based rooftop solar company Freyr Energy announced an equity investment of ₹180 million (~$2.3 million) from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia (SEEAA), and Capital 4 Development ...
SECI Payouts to Solar and Wind Developers Down to ₹4.08 Billion in February 2021
The Solar Energy Corporation of India (SECI) paid nearly ₹4.08 billion (~$56.2 million) to solar and wind developers for the purchase of power in February 2021, as per the data ...
Solar Developers Desperately Need Access to Project Financing, Cheaper Funds
What lies ahead for the renewable energy sector in India? Will investments dry up, or will 2021 bring out the best for the sector? A discussion on these vital issues ...
IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan
International Finance Corporation (IFC) has proposed a $50 million loan facility to Italy-based Enel Green Power to fund its solar project in Rajasthan’s Bikaner. The 300 MW Thar Surya solar photovoltaic ...
Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson
Solar developer Amplus Solar has announced the acquisition of 17 on-site operational solar projects from Sterling and Wilson Private Limited. Spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana, and ...
Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions
The solar industry has emerged stronger after the pandemic, which is still raging worldwide. But solar projects have been considered as 'investment havens' in the uncertain COVID-19 world because of ...
Access to Solar Project Finance is Key to Achieving India’s Ambitious Targets
India has taken significant strides towards transitioning to clean energy by tapping renewable sources. However, the mobilization of funds to meet India's clean energy commitments presents a formidable challenge. India ...
ReNew Power to Raise $585 Million Through Dollar Green Bonds
ReNew Power has announced the successful pricing of $585 million of 4.5% U.S. dollar-denominated senior secured 'green bonds' due 2028 on March 31, 2021, to be issued by its subsidiaries ...
Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables
Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
Edelweiss Infrastructure Acquires 74% Stake in Engie’s Solar Portfolio in India
In one of the largest transactions in the renewables space in the last year, Edelweiss Infrastructure Yield Plus (EIYP), an alternative investment fund managed by Edelweiss Alternative Asset Advisors Limited ...
