Petronas’ Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion
Amplus, the Indian arm of Petronas (Petroliam Nasional Bhd), a Malaysian government-owned oil and gas company, has acquired 100 MW of solar assets from ACME Solar. The deal was valued ...
Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020
GCL-Poly Energy Holdings Limited, one of the largest suppliers of polysilicon to the solar market globally, warned its shareholders to expect losses to the tune of RMB 1.5 billion (~$217 ...
NTPC Plans to Raise ₹150 Billion in Bonds to Meet Capital Requirements
NTPC Limited announced it plans to get its shareholders’ approval to authorize the company’s board of directors to raise about ₹150 billion (~$2.05 billion) through the issue of bonds during ...
Blackstone to Invest $300 Million in Residential Solar Loans Through Loanpal
Loanpal, a U.S.-based financial technology company, announced that in residential solar loans on the Loanpal platform. According to the press release, Blackstone, a U.S.-based global investment firm, will invest through ...
Malaysia’s Yinson Increases its Stake in Indian Solar Developer Rising Sun to 95%
Malaysia-based, Yinson Holdings Berhad, announced that it has agreed to acquire an additional 57.5% equity interest in Rising Sun Energy Private Limited (RSE), an Indian company engaged in solar development ...
Tata Power Registers 10% Rise in Net Profits, 11% Dip in Revenue in Q1 2021
Tata Power announced its earnings for the quarter ended June 30, 2020 (Q1 2021), and posted a net profit of ₹2.68 billion (~$35.9 million), a 10.3% increase from ₹2.43 billion (~$32.6 ...
Power Finance Corporation Offers Loans of Over ₹1 Billion to Solar Project Developer
KPI Global Infrastructure Limited, a subsidiary of the KP Group, announced that it had received financial assistance for 15 MW of existing and 20 MW of proposed solar power projects ...
French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio
Technique Solaire, a France-based solar developer, announced that it had raised €25 million (~$29.3 million) from its partners Bpifrance and Crédit Agricole Group. This marks the second round of funding for the company ...
Actis Acquires 400 MW of Solar Projects from ACME
UK-based investor Actis has completed the acquisition of two solar projects with a total capacity of 400 MW from ACME Solar Holdings Limited. The deal is expected to be valued ...
ReneSola Power Raises $12 Million to Construct 19 MW of Solar Projects in Poland
Solar developer ReneSola Power announced that it had raised €10.64 million (~$12 million) through bridge funding from Eiffel Energy Transition Fund to construct 19 MW of solar projects in Poland. ReneSola ...
Ayana Renewable Acquires Two Solar Projects in Karnataka from First Solar
Ayana Renewable Power Private Limited, backed by the U.K.-based CDC Group, has announced the acquisition of First Solar's two solar projects with a capacity of 40 MW. The company has ...
SJVN Seeks Solar and Hydropower Projects for Acquisition
SJVN Limited has issued a notice inviting expressions of interest (EoI) from interested parties to offer their solar and hydropower projects for acquisition by SJVN. Power generation companies, power project ...
Africa-Based REDAVIA Gets $1.73 Million Loan to Expand its Solar Power Leasing Model
African solar developer REDAVIA announced that it received €1.5 million ($1.73 million) as its first catalyst loan from Energy and Environment Partnership Trust Fund (EEP Africa). REVADIA develops solar projects ...
APICORP Commits $50 Million Credit Facility to UAE-Based Rooftop Solar Develop SirajPower
The Arab Petroleum Investment Corporation (APICORP) announced that it would provide a $50 million credit facility to SirajPower, a UAE-based distributed solar developer, to expand its portfolio in the Middle ...
Taiwan’s URE Sells its Solar Manufacturing Unit for $35.3 Million
United Renewable Energy (URE), a Taiwan-based solar cell and module maker, announced its plans to sell one of its manufacturing units in the country to consolidate its production efforts. It ...
IFC, EBRD, European Union Finance Armenia’s First Utility-Scale Solar Project
The International Finance Corporation (IFC), European Union (EU), and European Bank for Reconstruction and Development (EBRD) have joined hands to support the development of the first utility-scale solar power project ...
Malaysia’s PETRONAS Decides to Invest in a Rooftop Solar Startup
PETRONAS, Malaysia's state-owned gas and oil company, signed an agreement to invest in SOLS Energy Sdn Bhd, a solar energy startup. The investment will help provide renewable energy to residential ...
Fourth Partner Energy Raises $15 Million in Third Funding Round to Expand Solar Portfolio
Distributed solar company, Fourth Partner Energy, has raised $15 million (~₹1.1 billion) in debt funding from responsAbility, a Switzerland-based development asset manager. According to the company’s press statement, the funding ...
CIM Group Invests $40 Million in Solar Panel Cleaning Robotics Company Ecoppia
Robotic solar cleaning solutions provider Ecoppia announced that it secured a $40 million credit facility from a U.S.-based CIM Group. CIM is a community-focused real estate and infrastructure owner, operator, ...
Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids
IIX Impact Partners, a debt and equity crowdfunding platform, announced that it has helped Bangladesh-based clean energy firm SOLshare close a $1.1 million (~₹81.9 million) financing round that will help ...
TPG’s Rise Fund Acquires 1 GW of Solar Projects from Trina Solar
The Rise Fund, a global impact investment fund managed by TPG (formerly Texas Pacific Group), announced that it had acquired about 1 GW of solar projects from Chinese solar module ...
NextEnergy Capital Announces its First Solar Acquisition in India From IBC Solar
NextEnergy Capital’s institutional solar fund called NextPower III has announced its first acquisition in India. The company has acquired a 27.4 MW project located in Odisha. The solar project was ...
In the Largest Rooftop Solar Acquisition, Sunrun to Acquire Vivint Solar for $3.2 Billion
In the largest rooftop solar acquisition to date, Sunrun has entered into an agreement to acquire Vivint Solar in an all-stock transaction for $3.2 billion. Vivint Solar serves as a ...
CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business
The Global Climate Partnership Fund (GCPF) announced that it has provided Indian solar rooftop developer CleanMax with a $10 million (~₹743.08 million) credit facility to help it expand operations into Southeast ...
Adani Green Gets Stakeholders’ Approval to Raise ₹25 Billion
Adani Green Energy Limited (AGEL) announced that it had received approval from its shareholders to raise ₹25 billion (~$331 million). The approval was granted during the company’s fifth annual general ...
