With Newly Commissioned Solar Projects, Azure Power Sees a 28% Rise in Revenue in Q2 FY20
Azure Power (NYSE: AZRE) has announced its consolidated financial results for the second quarter of the financial year (FY) ending September 30, 2019. The independent solar power producer reported that ...
Canada’s Institutional Investor CDPQ to Invest $75 Million in Azure Power
Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has announced that it will invest $75 million in Azure Power Global Limited, a solar power ...
U GRO Capital and Sunvest Capital Launch ₹200 Million Solar Financing Program in India
U GRO Capital, a financial technology company, has entered into a partnership with Sunvest Capital, a non-banking financial company (NBFC) focused on providing rooftop solar financing. The two have announced ...
UAE-Based Masdar Backs India’s Hero Future Energies with $150 Million Investment
In a significant development for the domestic renewable industry, the United Arab Emirates-based Masdar has invested around $150 million (~₹10.7 billion) in Hero Future Energies, one of the leading names ...
Japan’s Univergy to Invest $200 Million in Zambian Solar Projects
Univergy Solar, a renewable energy company, based in Japan, is going to invest more than $200 million in two solar projects in the central African nation of Zambia. This is ...
Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies
Masdar (or Abu Dhabi Future Energy Company) is set to acquire a minority stake in Hero Future Energies Global Ltd. (HFE UK), and Hero Future Energies Private Ltd (HFE India) according to ...
Bengaluru-based Fuel Cell Startup Log 9 Materials Gets $3.5 Million in Series A Funding
Bengaluru-based fuel cell startup Log 9 Materials has announced that it has secured $3.5 million in the latest Series A round of funding led by Exfinity Venture Partners and Sequoia ...
Corporate Funding for Solar Sector Globally Rises by 34% With $9 Billion in 9M 2019
Total corporate funding (including venture capital/private equity, public market, and debt financing) in the first nine months (9M) of 2019 was up with $9 billion raised, compared to $6.7 billion ...
Airtel Makes its Foray into Solar Through the Group Captive Model
Leading telecom operator Bharti Airtel Limited has entered into an agreement with AMPSolar Evolution Private Limited (AMPSolar), a wholly-owned subsidiary of AMPSolar Technology Private Limited (AMP), to acquire equity shares ...
Avyan Renewable Solar’s Acquisition in SunEdison Reduced to 31%
Avyan Renewable Solar will now acquire 13,91,896 equity shares representing 31% of the equity share capital of SunEdison, according to a recent corporate filing by SunEdison with the Bombay Stock ...
Adani Green Raises $362.5 Million Through Issuance of Green Bonds
Adani Green Energy Limited (AGEL) has announced that its subsidiaries, Adani Renewable Energy Limited, Wardha Solar (Maharashtra), and Kodangal Solar Parks Private Limited, have approved the issuance of dollar-denominated 20-year ...
Shell Acquires 20% Stake in Solar Solutions Provider Orb Energy
Shell’s New Energies business has acquired nearly a 20% stake in Orb Energy, a solar solutions provider. According to a press statement issued by Orb, the new investment is likely ...
Solar Developer Azure Power to Float $350 Million Green Bond
Azure Power Solar Energy Private Limited, a wholly-owned subsidiary of Azure Power Global Limited has announced that it will issue a green bond offering of $350 million (~₹25 billion). The ...
Evolution II Fund Secures Another $87.75 Million for Clean Energy Access in Africa
Inspired Evolution, an Africa-focused investment advisory firm that specializes in providing clean energy access, has secured another $87.75 million, reaching a total capital of $216 million at the final closing ...
IAN Fund Invests ₹124 Million in a Startup Providing Solar Panel Cleaning Solutions
The IAN Fund, a seed fund, has led an investment worth ₹124 million (~$1.7 million) in Pune-based Nocca Robotics. The investment also saw participation from prominent angel investors from Indian ...
LONGi Solar Records 41% YoY Revenue Growth In the First Half of 2019
Chinese module supplier, LONGi Solar, has announced its financial results for the first half (1H) of 2019. The company’s operating revenue in the 1H of 2019 reached ¥14.11 billion ($2.08 ...
Adani Green Energy to Acquire 205 MW of Solar Assets from Essel Group
Adani Green Energy, the renewable energy arm of Adani Group, has announced that it has signed an agreement to acquire 205 MW of solar assets from Essel Group. The projects which ...
Adani Green Records 40% Revenue Increase As New Renewable Projects Begin Generation
Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its financial report for the first quarter (Q1) of the financial year (FY) 2020, ending June ...
SOLA Group Secures 400 Million Rand for 40 MW of Solar Projects in Southern Africa
The SOLA Group has committed to set up 40 MW of solar projects in Southern Africa. It has secured 400 million Rand (R) ($26.28 million) to build commercial and industrial ...
Azure’s Revenue Up by 40% in Q1 of Fiscal 2020 Driven by Newly Operational Solar Projects
Azure Power, an independent solar power producer, has announced its consolidated financial results for the first quarter (Q1) of the financial year (FY) 2019-20. The company generated a revenue of ...
Global Solar EPC Company Sterling & Wilson Floats IPO Targeting to Raise ₹31.25 Billion
Sterling and Wilson Solar Limited (SWSL), the solar engineering and construction arm of the Shapoorji Pallonji Group, has floated its initial public offering (IPO) targeting to raise ₹31.25 billion (~$442 ...
EBRD to Provide $35 Million to Develop 37 MW of Solar Projects in Jordan
The European Bank for Reconstruction and Development (EBRD) has announced that it would be providing a financing package of up to $35 million to Kawar Investments for the development of ...
NOTS Solar Lamps to Invest $70 Million in Solar Home Systems Manufacturing in Rwanda
NOTS Solar Lamps in collaboration with the Government of Rwanda has announced a deal to speed up the process of providing power to families with least incomes in Rwanda. NOTS ...
KUSUM Program to Get ₹344 Billion to Add Solar Capacity of 26 GW by 2022
The Ministry of New and Renewable Energy (MNRE) has issued detailed guidelines to implement the KUSUM program for India’s farmers to solarize agriculture. Solar power is one of the most ...
IFC Extends Financing Package for 60 MW of Solar Projects in Senegal
The International Finance Corporation (IFC), the financial arm of the World Bank, has finalized the financing of two grid-connected solar photovoltaic (PV) projects aggregating 60 MW in Senegal. The finalization ...
