Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

The global corporate funding into the solar sector - including venture capital (VC), private equity (PE), debt financing, and public market financing - increased 24% to $14.5 billion in 2020 ...
Belectric's US Solar Operations and Maintenance Business Acquired by CAMS

Belectric’s US Solar Operations and Maintenance Business Acquired by CAMS

US-based Consolidated Asset Management Services (CAMS) has acquired Belectric's US solar operations and maintenance (O&M) business, including its 141 operating sites across 11 states. With this acquisition, the company continues ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ Adani Green Commissions a 25 MW Solar Project in Uttar Pradesh

Daily News Wrap-Up: Adani Green Commissions a 25 MW Solar Project in Uttar Pradesh

Here are some noteworthy cleantech announcements of the day from around the world: Adani Solar Energy Chitrakoot One, a step-down subsidiary of Adani Green Energy, has commissioned a 25 MW ...
/ / Other, Renewable Energy
Project Finance Brief_ Capital Dynamics Buys 100% Stake in a 175 MW Solar Project

Project Finance Brief: Capital Dynamics Buys 100% Stake in a 175 MW Solar Project

Sonnedix Japan, an independent solar power producer, on behalf of the Sonnedix Group, completed the acquisition of a 55.6 MW ground-mounted solar PV project. The project, located in  Hitachi City, ...
/ / Other, Renewable Energy
IndiGrid to Acquire Two Solar Projects in Andhra Pradesh from Spain’s Fotowalio Renewable

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 ...
/ / Finance and M&A, Solar
SunEdison to Acquire 36% Stake in Sherisha Solar with a Capital Infusion of ₹187 Million

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) ...
/ / Finance and M&A, Solar
Brookfield Renewable Acquires 360 MW of Distributed Solar Assets for $810 Milllion

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 ...
/ / Finance and M&A, Solar
BayWa to Sell 49% Stake in Renewable Subsidiary to Energy Infrastructure Partners

BayWa to Sell 49% Stake in Renewable Subsidiary to Energy Infrastructure Partners

BayWa AG has concluded its investor search for the planned capital increase at BayWa r.e. renewable energy GmbH (BayWa r.e.), a renewable project developer. BayWa r.e will receive an equity ...
/ / Finance and M&A, Other
NTPC Seeks Consultant for Technical Due Diligence of Operational Solar Assets

NTPC Seeks Consultant for Technical Due Diligence of Operational Solar Assets

NTPC Limited has invited bids for a consultant's appointment for technical due-diligence of operational solar assets of target companies received through a global request for proposal (RFP) process. The last ...
/ / Markets & Policy, Solar
German Wind Turbine Maker Senvion to Sell its Indian Arm to Dubai’s GREDHCL

German Wind Turbine Maker Senvion to Sell its Indian Arm to Dubai’s GREDHCL

Senvion GmbH, a German wind turbine manufacturer, said it has entered into contractual agreements to sell its Indian operations to Global Renewable Energy Development Holding Company Limited (GREDHCL). The company ...
/ / Wind
Orient Cement to Buy Solar Under Group Captive Model From AMPSolar’ Open Access Project

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 ...
Singapore’s Solar Developer BlueLeaf Enters India with Majority Stake in Vibrant Energy

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 ...
/ / Finance and M&A, Solar
IL&FS Initiates the Acquisition of its Subsidiary Energy Advisory Business

IL&FS Initiates the Acquisition of its Subsidiary Energy Advisory Business

The Infrastructure Leasing and Financial Services Limited (IL&FS) has invited expressions of interest (EoI) for the acquisition of the energy advisory business of its subsidiary IL&FS Energy Development Company Limited ...
/ / Finance and M&A, Other
Biocon to Procure Solar Via Open Access Under Group Captive Model From Hinduja Renewables

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 ...
/ / Finance and M&A, Solar
Airtel Buys 5.2% Stake in Avaada Energy’s Special Purpose Vehicle for Solar Projects

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup_ Solar Mounting Company PanelClaw Acquired by Esdec

Funding and M&A Roundup: Solar Mounting Company PanelClaw Acquired by Esdec

The Peck Company Holdings, a commercial solar engineering, procurement, and construction (EPC) company, announced that the merger agreement that was announced on August 10, 2020, has been terminated by Sunworks ...
/ / Finance and M&A, Other
Funding and M&A Wrap-up_ Scatec Solar Acquires Hydropower Developer for Over $1 Billion

Funding and M&A Wrap-up: Scatec Solar Acquires Hydropower Developer for Over $1 Billion

REC Silicon, a Norwegian producer of advanced silicon materials with manufacturing facilities in the U.S., has raised approximately NOK 1,000 million (~$108.29 million) in gross proceeds through the Private Placement ...
/ / Other, Renewable Energy
Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Energy Limited (AGEL) announced that it has added 205 MW of operational solar projects worth ₹16.32 billion (~$222.9 million) to the portfolio of its joint venture with French ...
Adani Green Completes Acquisition of 205 MW of Operational Solar Projects from Essel

Adani Green Completes Acquisition of 205 MW of Operational Solar Projects from Essel

Adani Green Energy Limited (AGEL) said it has completed the acquisition of 205 MW of operational solar assets in Punjab, Karnataka, and Uttar Pradesh from Essel Green Energy Private Limited ...
Japan's Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Japan’s Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Orix Corporation, a Japan-based financial services group, announced that it had signed a framework agreement with renewable energy project developer Greenko Energy Holdings, to acquire approximately 20% of its shares ...
/ / Finance and M&A, Solar
Petronas' Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion

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 ...
/ / Finance and M&A, Solar
Project Finance Brief_ Kruger Energy Sells a 523 MW Solar Project Portfolio to Ecoplexus

Project Finance Brief: Kruger Energy Sells a 523 MW Solar Project Portfolio to Ecoplexus

Here are some of the important project finance deals from the global renewable energy industry over the past week: Saudi Arabia's ACWA Power, a developer, owner, and operator of power ...
/ / Finance and M&A, Other
L&T Sells its Electrical and Automation Business to Schneider Electric

L&T Sells its Electrical and Automation Business to Schneider Electric

Larsen & Turbo (L&T) announced that it divested its electrical and automation (E&A) business to European energy and automation company Schneider Electric. Schneider Electric will own a 65% stake in ...
Daily News Wrap-Up_ Google Signs PPA for a 140 MW Solar Project

Daily News Wrap-Up: Google Signs PPA for a 140 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Candela Renewable, a U.S.-based utility-scale solar project developer, signed a power purchase agreement (PPA) with Google for ...
/ / Other, Renewable Energy
The Daily News Wrap-Up_ ION Energy Signs Pact with esVolta, Solar Surges in Europe

The Daily News Wrap-Up: ION Energy Signs Pact with esVolta, Solar Surges in Europe

Here are some noteworthy cleantech news and announcements of the day from around the world: The California Independent System Operator (CAISO) has declared a stage 3 electrical emergency that triggers ...
/ / Other, Renewable Energy