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

From: Mercom Capital Group 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 ...
/ / Finance and M&A, Other
Funding and M&A Wrap-up_ Scatec Solar Acquires Hydropower Developer for Over $1 Billion

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

From: Mercom Capital Group 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 ...
/ / 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

From: Mercom Capital Group 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, ...
/ / 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
Masdar to Acquire 50% Stake in EDF’s 1.6 GW of Renewable Projects

Masdar to Acquire 50% Stake in EDF’s 1.6 GW of Renewable Projects

Masdar (or the Abu Dhabi Future Energy Company) announced that it has signed an agreement with EDF Renewables North America to acquire a 50% stake in eight renewable energy projects ...
/ / Finance and M&A, Other
Ayana Renewable Acquires Two Solar Projects in Karnataka from First Solar

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 ...
/ / Finance and M&A, Solar
NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India

NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India

NTPC Limited has floated a request for proposal (RfS) to acquire 1 GW of operational solar projects across India. Interested bidders are expected to submit an earnest money deposit (EMD) ...
/ / Solar, Tenders & Auctions
Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways

Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways

Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government's goal of 100% railway electrification and to reduce its carbon ...
Electric Two-Wheeler Maker Ampere acquires 74% stake in E-Rickshaw Company Bestway

Electric Two-Wheeler Maker Ampere acquires 74% stake in E-Rickshaw Company Bestway

Ampere Vehicle, an electric mobility subsidiary of Indian heavy equipment manufacturer Greaves Cotton Limited, announced that it has acquired a 74% stake in Bestway Agencies Private Limited. Bestway is a ...
/ / Finance and M&A, Other
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