In the Largest Rooftop Solar Acquisition, Sunrun to Acquire Vivint Solar for $3.2 Billion

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 ...
Sterlite Power To Strengthen Interstate Transmission System To Evacuate Renewables

Sterlite Power To Strengthen Interstate Transmission System To Evacuate Renewables

Sterlite Power, a Mumbai-based power transmission company, announced that it had acquired Vapi-II North Lakhimpur Transmission Limited (VNLTL), a special purpose vehicle (SPV) of PFC Consulting Limited, to execute a ...
/ / Grid, T&D
Emami Group Sells its Solar Segment to Brookfield Asset Management

Emami Group Sells its Solar Segment to Brookfield Asset Management

The Emami Group, a Kolkata-based conglomerate, has sold its solar power business to Canadian Investment Company, Brookfield Asset Management, through a 100% stake sale. While the company confirmed the development ...
Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Mobility Private Limited, a subsidiary of Indian cab aggregator Ola Cabs, announced that it has acquired Etergo BV, an Amsterdam-based electric scooter maker. The value of the transaction remained ...
Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV

Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV

Tata Power International Pte Ltd (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has acquired a 10% equity stake in Adjaristqali Netherlands B.V. (ABV) from International Finance Corporation (IFC), ...
India Tweaks FDI Policy to Curb Opportunistic Acquisition of Firms Amid COVID-19

India Tweaks FDI Policy to Curb Opportunistic Acquisition of Firms Amid COVID-19

The Ministry of Commerce and Industry has revised its Foreign Direct Investment (FDI) policy intending to curb takeovers or acquisitions of Indian companies during the ongoing coronavirus pandemic. A Foreign ...
/ / Other, Renewable Energy
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 ...
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 ...
SunEdison’s Rooftop Solar Subsidiary Acquires Sherisha Solar

SunEdison’s Rooftop Solar Subsidiary Acquires Sherisha Solar

Chennai-based renewable energy company SunEdison Infrastructure Limited (formerly YKM Industries Limited) has informed that its subsidiary SIL Rooftop Solar Power Private Limited (SIL), has acquired 100% fully paid-up equity share ...
/ / Finance and M&A, Solar
Vector Green Energy Acquires RattanIndia’s Solar Portfolio

Vector Green Energy Acquires RattanIndia’s Solar Portfolio

Vector Green Energy Private Limited, an independent power producer (IPP) which operates wind and solar projects, has acquired 225 MW (AC) solar generation capacity from RattanIndia, according to a source ...
Adani Acquires Transmission Project Linked to Renewable Power Generation in Gujarat

Adani Acquires Transmission Project Linked to Renewable Power Generation in Gujarat

Ahmedabad-based Adani Transmission Limited (ATL), has signed a share purchase agreement and completed the acquisition of the WRSS XXI Transco Limited (WRSSTL) from REC Transmission Projects Company. WRSSTL is a ...
/ / Finance and M&A, Other
Avyan Renewable Solar’s Acquisition in SunEdison Reduced to 31%

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 ...
/ / Finance and M&A, Solar
Shell Acquires 20% Stake in Solar Solutions Provider Orb Energy

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 ...
/ / Finance and M&A, Solar
Adani Acquires Transmission Project in Rajasthan Solar Zone from PFC Consulting

Adani Acquires Transmission Project in Rajasthan Solar Zone from PFC Consulting

Adani Transmission Limited (ATL) has signed a share purchase agreement and completed the acquisition of the special purpose vehicle of Bikaner-Khetri Transmission Limited (BKTL),  incorporated by PFC Consulting Ltd. ATL ...
/ / Finance and M&A, Other
Bangladesh Invites Companies to Fund and Develop 100 MW of Solar Projects

SunEdison to Acquire Two Renewable Companies for $21.2 Million

Chennai-based renewable energy company SunEdison Infrastructure Limited (formerly YKM Industries Limited) has informed of the acquisition of Megamic Electronics Private Limited and Enrecover Energy Solutions Private Limited, according to a ...
/ / Finance and M&A, Solar
ABB

ABB to Quit Solar Inverter Business, FIMER to Take Over

Switzerland-headquartered ABB and Italian company FIMER have signed an agreement under which FIMER will acquire ABB’s solar inverter business. The transaction is expected to enhance the prospects of the solar ...
Solar Project Developer KPI Global Acquires a New Special Purpose Vehicle

Solar Project Developer KPI Global Acquires a New Special Purpose Vehicle

In a filing to the Indian stock exchanges, Gujarat-based KPI Global Infrastructure (KPI Global) has announced the acquisition of KPIG Energia Private Limited, a newly-formed special purpose vehicle registered on ...
Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm

Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm

Japanese trading and investment company Mitsui & CO Limited (Mitsui) has announced that it has entered into an agreement with Indian engineering, procurement, and construction company (EPC), Mahindra Susten, to ...
Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar's SPV at ₹129 Million

Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar’s SPV at ₹129 Million

A filing made at the Bombay Stock Exchange (BSE) states that Mumbai-based global pharmaceutical major Cipla Limited has signed an agreement to acquire 26% stake on a fully diluted basis ...
Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy

Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
/ / Finance and M&A, Solar
Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Energy Limited (Suzlon) has announced that it will sell two of its solar subsidiaries to Ostro Energy, a wholly owned subsidiary of independent power producer, ReNew Power. The two ...
/ / Finance and M&A, Solar
Sri Lanka to Develop 28 Small Solar Power Projects

Actis Acquires 194 MW of Solar Assets from Shapoorji Pallonji

Actis has acquired 194 MW of operating solar power assets from Shapoorji Pallonji Infrastructure Capital (SP Infra) through Sprng Energy, its renewable energy platform in India. Actis is an investor ...
/ / Finance and M&A, Solar
Siemens Acquires KACO New Energy’s Solar String Inverter Business

Siemens Acquires KACO New Energy’s Solar String Inverter Business

German conglomerate Siemens has announced the acquisition of the string inverter business of the KACO new energy GmbH, a manufacturer of energy-related power electronics, for an undisclosed sum. The project ...
/ / Finance and M&A, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Power Finance Corporation’s Acquisition of 52% Stake in REC Approved

The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
/ / Markets & Policy, Solar
Open Access Banked Units Can be Adjusted If Power Sourced from Same Generator: MERC

Sunseap Group Acquires Minority Stake in Australian EPC Company Todae Solar

Sunseap Group has acquired a minority stake in Todae Solar, an Australian commercial and industrial engineering, procurement and construction (EPC) solar company. According to Sunseap, a Southeast Asia-based renewable energy ...
/ / Finance and M&A, Solar