Taiwan’s Chenya Energy Receives Financing for World’s Largest Floating Solar Project

Taiwan’s Chenya Energy Receives Financing for World’s Largest Floating Solar Project

Taiwanese solar power developer, Chenya Energy Company Limited, announced that it received TWD 7.2 billion (~$239.2 million) financing for a 180 MW floating solar project in the Changhua Coastal Industrial Park ...
Investment Firm KKR to Acquire 317 MW of Solar Assets from Shapoorji Pallonji

Investment Firm KKR to Acquire 317 MW of Solar Assets from Shapoorji Pallonji

Shapoorji Pallonji Infrastructure Capital (SP Infra), a part of the Shapoorji Pallonji Group and KKR, a global investment firm, have signed an agreement under which the SP Infra will sell ...
/ / Finance and M&A, Solar
Singapore Solar Company LYS Energy Raises $10 million from United Overseas Bank

Singapore Solar Company LYS Energy Raises $10 Million from United Overseas Bank

LYS Energy Group (LYS), a Singapore-based solar independent power producer (IPP), has received S$14 million (~$10 million) green loans from the United Overseas Bank (UOB), Southeast Asia’s third-largest finance group ...
/ / Finance and M&A, Solar
Malaysia's Yinson Renewables Acquires 37.5% Equity Interest in Rising Sun Energy

Malaysia’s Yinson Renewables Acquires 37.5% Equity Interest in Rising Sun Energy

Malaysia-based Yinson Renewables (S) Pte Ltd, a wholly-owned subsidiary of Yinson Holdings Berhad, has entered into multiple agreements to acquire a 37.5% equity interest in Rising Sun Energy Private Limited ...
/ / Finance and M&A, Solar
500 MW Solar Project in Oman’s Ibri Achieves Financial Closure (1)

500 MW Solar Project in Oman’s Ibri Achieves Financial Closure

Saudi Arabia’s energy giant ACWA Power, along with the Gulf Investment Corporation (GIC) and Asia-Pacific Economic Cooperation (APEC), has achieved the financial closure for a 500 MW solar independent power ...
/ / Finance and M&A, Solar
Sterling and Wilson Solar Receives ₹5 Billion Against Outstanding Loans

Sterling and Wilson Solar Receives ₹5 Billion Against Outstanding Loans

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement and construction (EPC) company, has announced that it has received ₹5 billion (~$66.8 million) towards the outstanding loans from its ...
Modhera Sun Temple Gets ₹650 Million Grant for 6 MW Solar, 15 MWh Battery Energy Storage System

Modhera Sun Temple Gets ₹650 Million Grant for 6 MW Solar, 15 MWh Battery Energy Storage System

The Ministry of New and Renewable Energy (MNRE) has announced a grant of ₹650 million (~$8.63 million) towards a program for the solarization of the Sun Temple in Modhera, Gujarat, ...
Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Energy Limited (AGEL), a Gujarat-based solar power developer, announced that it has entered into a joint venture with TOTAL Solar Singapore PTE Limited for about 2.1 GW of ...
Rooftop Solar Startup ZunRoof Receives $3 Million in Series A

Rooftop Solar Startup ZunRoof Receives $3 Million in Series A

ZunRoof, an Indian startup in the rooftop solar segment, has received Series A funding of $3 million (~₹222.7 million) from Godrej Investment Office. According to the company statement, “This is ...
/ / Finance and M&A, Solar
Sterling & Wilson Set to Merge its Waaree SPV with its Solar Arm

Sterling & Wilson Set to Merge its Waaree SPV with its Solar Arm

In a significant development, Sterling and Wilson Solar has approved the merger of Sterling & Wilson Waaree, with Sterling & Wilson Solar. Sterling and Wilson Solar Limited is the solar ...
/ / Finance and M&A, Solar
Fourth Partner Receives ₹5 Million Loan to Provide Solar for Non-Profit Entities

Fourth Partner Receives ₹5 Million Loan to Provide Solar for Non-Profit Entities

Fourth Partner Energy, an Indian distributed solar energy firm, has received a loan of ₹5 million (~$67,167), from Grameen Impact India (GIII), a non-banking finance corporation (NBFC) registered under the ...
Japan’s Marubeni Acquires Taiwan’s Chenya Energy to Leverage Floating Solar Business

Japan’s Marubeni Acquires Taiwan’s Chenya Energy to Leverage Floating Solar Business

In an important development, Japan’s Marubeni Corporation has executed a share purchase agreement with I Squared Capital to acquire Chenya Energy Company Limited, which is one of the leading solar ...
/ / Finance and M&A, Solar
CDPQ’s Share in Azure Power Rises to 50.9%

CDPQ’s Share in Azure Power Rises to 50.9%

Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has acquired an additional 717,701 shares from a shareholder of Indian independent power producer Azure Power ...
LONGi Solar to Acquire a Chinese Solar Cell & Module Manufacturer for $253 Million

LONGi Solar to Acquire a Chinese Solar Cell & Module Manufacturer for $253 Million

LONGi Solar, a Chinese manufacturer of high-efficiency mono-crystalline solar cells and modules, has announced a framework agreement to acquire solar cell and module manufacturer Ningbo Jiangbei Yize New Technology for ...
Mahindra Renewables to Sell Three Subsidiaries to CLP India for ₹3.4 Billion

Mahindra Renewables to Sell Three Subsidiaries to CLP India for ₹3.4 Billion

Mahindra & Mahindra Limited announced that its subsidiary, Mahindra Renewables Private Limited (MRPL), has agreed to sell its entire stake in three subsidiaries to CLP India Private Limited (CLP) for ...
/ / Finance and M&A, Solar
IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

The International Finance Corporation (IFC), the financial wing of the World Bank Group, and Massader, a subsidiary of the Palestine Investment Fund (PIF), announced that they signed a loan agreement ...
Saudi Arabia and SoftBank Ink Deal to Develop World’s Largest Solar Project

AIIB Offers $60 Million for Oman’s 500 MW Solar Project

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, has offered a loan of $60 million (~₹4.3 billion) for a 500 MW solar project in Oman. The independent power ...
/ / Finance and M&A, Solar
Sterling & Wilson Reports Lower Revenues and Profits in Nine Months of FY20

Sterling & Wilson Reports Lower Revenues and Profits in Nine Months of FY20

Sterling and Wilson, a Shapoorji Pallonji Group company, has released its consolidated and standalone financial results for the third quarter (Q3) and nine months ended on December 31, 2019. The ...
/ / Finance and M&A, Solar
African Development Fund Offers Over $34 Million for Liberia’s Renewable Expansion

African Development Fund Offers Over $35 Million for Liberia’s Renewable Expansion

The African Development Fund has approved a $34.74 million grant to boost renewable energy access and promote investment climate in Liberia. Under the first project called Renewable Energy for Electrification ...
Azure Power’s Revenue up 25%, Net Loss Rises Amid Higher Expenses and Curtailment in AP

Azure Power’s Revenue up 25%, Net Loss Rises Amid Higher Expenses and Curtailment in AP

Azure Global Power Limited reported revenue of ₹3.05 billion (~$42.6 million) for Q3 FY20, an increase of 25% year-over-year but the company still registered a net loss of ₹1.36 billion ...
/ / Finance and M&A, Solar
Government-Owned Solar Cell and Module Manufacturer CEL Up for Sale

Government-Owned Solar Cell and Module Manufacturer CEL Up for Sale

The government of India has invited an expression of interest (EoI) for the proposed disinvestment of 100% shareholding in Central Electronics Limited (CEL). The last date for the submission of ...
/ / Finance and M&A, Solar
Sunseap Group Secures $50 Million for Solar Projects in Singapore

Sunseap Group Secures $50 Million for Solar Projects in Singapore

Sunseap Group, a Singapore-based renewable energy solutions provider, has received a total sum of S$50 million (~$36.7 million) from ABC World Asia and Temasek. The investment will be used for ...
/ / Finance and M&A, Solar
Total to Acquire 50% Stake in Adani Green’s Solar Portfolio for $510 Million

Total to Acquire 50% Stake in Adani Green’s Solar Portfolio for $510 Million

Total, a French oil and gas major, has entered into an agreement with Adani Green Energy Limited  (AGEL) to acquire a 50% stake in a joint venture company for $510 ...
/ / Finance and M&A, Solar
Tata Power Reports 12% Rise in Q3 FY20 Net Profit with Renewable Additions

Tata Power Reports 12% Rise in Q3 FY20 Net Profit with Renewable Additions

Tata Power has announced its earnings for the third quarter of the financial year 2020 (Q3 FY20), posting a net profit of ₹2.46 billion (~$34.5 million) during the quarter, up ...
EXIM Bank Lends $35.8 Million for Solar DG Hybrid PV Systems in the Republic of Suriname

EXIM Bank Lends $35.8 Million for Solar DG Hybrid PV Systems in the Republic of Suriname

The Export-Import Bank of India (EXIM Bank) has extended a line of credit (LC) of $35.80 million (~₹2.54 billion) to the Republic of Suriname. This line of credit comes as ...
/ / Finance and M&A, Solar