IndiGrid to Acquire Two Solar Projects in Andhra Pradesh from Spain’s Fotowatio Renewable
IndiGrid Investment Managers Limited announced that it had signed a securities purchase agreement to acquire two solar projects of capacity 50 MW each from Madrid-based developer Fotowatio Renewable Ventures (FRV), FRV Solar ...
Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables
Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares. In ...
Ayana Renewable Raises $390 Million in Equity Funding
Bangalore-based renewable energy platform Ayana Renewable Power Private Limited has raised $390 million (~₹28.6 billion) in the latest round of funding. The CDC Group-UK’s development finance institution, National Investment and ...
SunEdison to Acquire 36% Stake in Sherisha Solar with a Capital Infusion of ₹187 Million
The board of directors of the Chennai-based renewable energy company, SunEdison Infrastructure Limited, has approved a capital contribution of ₹187 million (~$2.5 million) in Sherisha Solar Limited Liability Partnership (LLP) ...
SECI’s Disbursement to Solar and Wind Developers Dips Slightly to ₹3.7 Billion in October
The Solar energy Corporation of India (SECI) paid nearly ₹3.7 billion (~$50.2 million) to solar and wind developers in October 2020, which amounted to 48.9% of the total amount disbursed ...
Brookfield Renewable Acquires 360 MW of Distributed Solar Assets for $810 Million
Canada-based renewable energy investor Brookfield Renewable, along with its institutional partners, announced its entry into a definitive agreement with Exelon Generation Company. Brookfield Renewable will acquire a distributed generation development ...
APICORP Extends $50 Million to Yellow Door Energy to Increase its Solar Footprint
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financing institution, announced that it would provide a $50 million (~₹3.6 billion) revolving construction facility to Yellow Door Energy Limited. A ...
Bharat Forge Invests ₹113.75 Million in Avaada’s Group Captive Open Access Solar Project
A Pune-based multinational infrastructure company, Bharat Forge Limited, has invested ₹113.75 million (~$1.51 million) in Avaada SataraMH Private Limited (ASPL). The investment represents 8.98% of ASPL's paid-up equity capital. The ...
Orient Cement to Buy Solar Under Group Captive Model from AMPSolar’s Open Access Project
Orient Cement, a subsidiary of Indian conglomerate CK Birla Group, announced that it would acquire a 26% stake in AMPSolar Systems Private Limited for ₹40.5 million (~$549,244) to set up a ...
IFC to Help Egyptian Farmers Switch to Solar Irrigation Systems
The International Finance Corporation (IFC), a member of the World Bank Group, announced that it has joined hands with the Agriculture Bank of Egpyt (ABE) to help Egyptian farmers access ...
Gujarat-Based Solar Monitoring and Analytics Platform Prescinto Raises Seed Funding
Solar monitoring and analytics platform Prescinto announced that it raised an undisclosed amount in seed funding from Venture Catalysts, an integrated incubator for startups. According to its press statement, angel ...
US-Based Solar Software Developer Aurora Raises $50 Million
Aurora Solar, a U.S.-based solar software company, announced that it raised $50 million in Series B funding led by ICONIQ Capital. With this funding, the company has received over $70 ...
Robotic Solar Solutions Maker Ecoppia Launches IPO on Tel Aviv Stock Exchange
Ecoppia, a robotic cleaning solutions provider for large-scale solar installations, launched an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). Ecoppia secured $82.5 million from leading institutional ...
Singapore’s Solar Developer BlueLeaf Enters India with Majority Stake in Vibrant Energy
Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an Indian clean energy solutions provider, Vibrate Energy Holdings, from ATN International. Blueleaf Energy specializes ...
China’s Solar Polysilicon Manufacturer Daqo Reports 150% Rise in Gross Profit in Q3 2020
China-based Daqo New Energy Corporation announced that its gross profit stood at $45.3 million in the third quarter or 2020 (Q3 2020), up over 150% from $18.1 million in the same quarter ...
Biocon to Procure Solar Via Open Access Under Group Captive Model From Hinduja Renewables
Bengaluru-based biopharmaceutical company Biocon Limited will acquire a 26% equity stake in Hinduja Renewables Two Private Limited (HRTPL). Biocon would shell out ₹59 million (~$799,085) to purchase the stake, and ...
Airtel Buys 5.2% Stake in Avaada Energy’s Special Purpose Vehicle for Solar Projects
Telecommunications giant Bharti Airtel said it signed an agreement to acquire equity shares in Avaada MHBuldhana Private Limited- a special purpose vehicle (SPV) for solar projects. The SPV was formed ...
Canadian Solar’s Financial Report Acknowledges Raw Material Shortage Affecting Prices
Global solar module supplier and project developer Canadian Solar has reported a strong performance in its financial results for the quarter ended September 30, 2020. The module manufacturer said it ...
Trina and Tongwei Sign a $2.3 Billion Deal to Ramp up Solar Cell and Wafer Production
Trina Solar, a global PV and smart energy solution provider, announced a joint venture with solar cell manufacturer Tongwei. The joint venture enables Trina Solar to collaborate with Tongwei subsidiary ...
Solar Plus Storage Solutions Provider, Yotta Energy, Raises $5 Million in Seed Funding
Yotta Energy, a U.S.-based solar storage solutions provider, announced that it raised $5 million in a seed funding round. Fiftysix Investments, Skyview Ventures, EDP Ventures, and other undisclosed investors participated ...
Solar Module Manufacturer Risen Energy Acquires Polysilicon Business of Dunan
Chinese solar photovoltaic (PV) module manufacturer Risen Energy recently acquired a 100% stake in the polysilicon business of Dunan PV through its wholly-owned subsidiary, Risen Orient. Dunan PV is engaged ...
SolarEdge’s Revenue Reached $338.1 Million in Q3 2020
Israel-based solar inverter provider SolarEdge Technologies (SolarEdge) announced its financial results for the third quarter ended September 30, 2020. The company earned a $338.1 million revenue - a marginal increase ...
First Solar Reports 70% Year-Over-Year Increase in Net Sales in Q3 2020
U.S.-based solar panel manufacturer First Solar announced that its net sales in the third quarter of 2020 (Q3 2020) stood at $928 million, up over 70% or $381 million from the same ...
SunPower Logs Revenue of $274.8 Million in Q3 2020
SunPower Corporation, a distributed generation storage and energy services provider, announced the financial results for the third quarter of the calendar year 2020 (Q3 2020). The company posted a GAAP ...
JinkoSolar’s Operating Subsidiary Raises $458 Million in Equity Financing
JinkoSolar, a solar module manufacturer, announced that its operating subsidiary, Jinko Solar Company Limited (Jiangxi Jinko), has raised RMB 3.1 billion (~$458 million) through equity financing. As per the company’s ...
