Battery Company Gegadyne Raises $4.5 million from V-Guard
Gegadyne Energy Labs, a provider of quick charging battery technology, has raised ₹334 million (~$4.5 million) from V-Guard Industries in a 'Series A' round of investments. V-Guard is an electrical ...
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) ...
PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters
The Power Finance Corporation Limited (PFC), in a recent filing on the Bombay Stock Exchange (BSE), said that it had approved the infusion of ₹1.5 billion (~$20.4 million) in a ...
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 ...
Inox Wins EPC Contract for 250 MW of Wind Projects by Continuum Power
Inox Wind has signed an EPC (engineering, procurement, and construction) agreement with Continuum Power Trading (TN) Private Limited, a part of the Continuum Wind Energy group. Based on the term ...
Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs
Urja Global Limited has announced that it has received the approval to raise green bonds of up to $500 million (₹35.64 billion) to finance renewable projects and electric vehicles (EVs) ...
Solar EPC Company Sterling and Wilson Solar Receives SEBI’s Approval for its IPO
The Securities and Exchange Board of India (SEBI) has given its approval to Sterling and Wilson Solar Limited (SWSL) to float its proposed initial public offering that is estimated to ...
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 ...
Adani Green to Develop 600 MW of Solar-Wind Hybrid Projects Auctioned By SECI
Adani Renewable Energy Park (Gujarat) Limited (AREPGL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has won a 600 MW of solar-wind hybrid power projects in an auction conducted ...
NTPC and East Delhi Municipal Corporation Form JV to Start Waste to Energy Project
The National Thermal Power Corporation (NTPC) and East Delhi Municipal Corporation (EDMC) have come together to sign a joint venture company (JVC) to harness municipal waste into green energy. As ...
Bombay Stock Exchange Launches Exclusive Trading Platform for Green Bonds
India now has its own green bond trading platform. The Bombay Stock Exchange (BSE)’s international arm, India International Exchange (India INX), recently announced its exclusive green listing and trading platform ...
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 ...
NLC India Commissions 200 MW of Solar Projects in Tamil Nadu
The state-owned Neyveli Lignite Corporation (NLC) India has commissioned 200 MW of grid-connected solar projects in the state of Tamil Nadu. According to a Bombay Stock Exchange (BSE) filing made by ...
Exide Industries to Invest 30% of Equity Shares in Three SPVs for Captive Solar Projects
Exide Industries, an Indian lead-acid storage battery manufacturer, will invest up to 30 percent of its total equity share capital in three special purpose vehicles (SPVs) to set up captive ...
Reliance Buys 88% Stake in Renewable Energy Firm Kanoda Energy Systems
Reliance, one of the country’s largest companies, has acquired controlling stake in a renewable energy firm. In a Bombay Stock Exchange (BSE) filing, Reliance Industrial Investments and Holdings Limited (RIIHL), ...
CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million
CLP India, one of the largest foreign investors in the Indian power sector, and domestic renewable energy project developer Suzlon have executed a deal for the sale of Tornado Solarfarms Limited to ...
Canadian Solar Completes Purchase of 30 MW of Solar Projects in Telangana from Suzlon
Canadian Solar, a global module supplier and solar project developer, has announced that it has acquired remaining 51 percent stake in two solar power projects from Suzlon Energy, a leading wind ...
India’s Rural Electrification Corporation Launches Global Medium-Term-Note Program
The Rural Electrification Corporation (REC), a public sector under the government of India, launched its $5 billion global medium-term-note (GMTN) program on the Global Securities Market (GSM). GSM is a ...
Bombay Stock Exchange, ICICI Bank and PTC India Appeal to CERC for a New Power Exchange
The Bombay Stock Exchange (BSE), ICICI bank, and PTC India have filed a petition with the Central Electricity Regulatory Commission (CERC) for grant of license in order to set up ...
PGCIL Seeks Shareholders’ Permission to Raise ₹200 Billion in FY20
The Power Grid Corporation of India Limited (PGCIL), a state-owned electric utility company, has asked for the approval of its shareholders to raise ₹200 billion (~$2.84 billion) through bonds or ...
Adani Green Acquires AGEPteL to Foray into International Renewable Business
Adani Green Energy, a leading renewable energy project developer in the country, incorporated a wholly-owned subsidiary company Adani Wind Energy (GJ) Limited (AWEGL) on August 21, 2018, according to a ...
KP Energy and GE India Sign Agreement for a 300 MW Wind Project in Gujarat
KP Energy and GE India Industrial (P) Limited have signed a definitive agreement for the development of a 300 MW wind power project, consisting of 120 wind turbine generators of ...
Adani Green Energy Starts Trading on Bombay Stock Exchange
Domestic renewable energy project developer, Adani Green Energy, has been listed on the Bombay Stock Exchange (BSE). According to the BSE filing, effective from June 18, 2018, the equity shares ...
BHEL to Construct 75 MW Grid-Connected Solar PV Project in Gujarat
Bharat Heavy Electricals Limited (BHEL) is set to develop a 75 MW grid-connected solar photovoltaic (PV) project in the state of Gujarat. The project will be developed at Gujarat Solar ...
IREDA Files IPO Papers with SEBI
Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
