Sterling and Wilson Subsidiary Increases Stake in its Middle East Arm to 100%

Sterling and Wilson Subsidiary Increases Stake in its Middle East Arm to 100%

Sterling and Wilson International Solar FZCO (SWFZCO) has announced in a BSE filing that it has fully acquired the equity share capital of Sterling and Wilson Middle East Solar Energy (SWME ...
/ / Finance and M&A, Solar
Adani Green Unit Transfers 74% Stake in Mundra Solar Energy to Adani Tradecom

Adani Green Unit Transfers 74% Stake in Mundra Solar Energy to Adani Tradecom

Adani Renewable Energy Holding Four Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has transferred 74% shareholding of Mundra Solar Energy Limited (MSEL) to Adani Tradecom LLP (ATLLP) ...
/ / Finance and M&A, Solar
Covid-19 Raises Project Sub-Contracting Costs for Sterling & Wilson Solar

Covid-19 Raises Project Sub-Contracting Costs for Sterling & Wilson Solar

Leading solar engineering, procurement, and construction (EPC) services provider, Sterling & Wilson Solar, an associate of the Shapoorji Pallonji Group, updated the Bombay Stock Exchange on several issues it is ...
/ / Commercial, Solar
DFM Foods to Buy Solar Via Open Access Under Group Captive Mode from Fourth Partner Energy

DFM Foods to Buy Solar Via Open Access Under Group Captive Mode from Fourth Partner Energy

Noida-based packaged snacks manufacturer DFM Foods announced that they have invested ₹9.6 million (~$130,672) to acquire 5.57% equity shares in Belenus Solar Private Limited, a special purpose vehicle of Fourth ...
/ / Finance and M&A, Solar
NTPC's 520 MW Hydropower Project Damaged in Glacier Burst and Floods

NTPC’s 520 MW Hydropower Project Damaged in Glacier Burst and Floods

A glacial lake burst led to a rise in water levels in the river Rishiganga in Uttarakhand, damaging part of NTPC's 520 MW Tapovan Vishnugad hydropower project which was under ...
/ / Other, Other Energy
Battery Company Gegadyne Raises $4.5 million from V-Guard

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 ...
/ / Finance and M&A, Other
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
PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters

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 ...
/ / Grid, Market & Policy
Power Finance Corporation Offers Loans of Over ₹1 Billion to Solar Project Developer

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 ...
/ / Finance and M&A, Solar
Inox Wins EPC Contract for 250 MW of Wind Projects by Continuum Power

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 ...
/ / Wind
Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs

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) ...
/ / Finance and M&A, Other
Solar EPC Company Sterling and Wilson Solar Receives SEBI's Approval for its IPO

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 ...
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
Adani Green to Develop 600 MW of Solar-Wind Hybrid Projects Auctioned By SECI

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

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

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

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 ...
HPPC Asked to Study Commercial Viability of its Solar Project with Battery Storage

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 ...
/ / Markets & Policy, Solar
Ceiling Tariff of ₹3.10kWh Set for Maharashtra’s Solar Agricultural Feeder Program

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 ...
/ / Finance and M&A, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

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), ...
/ / Finance and M&A, Solar
CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million

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 ...
/ / Finance and M&A, Solar
Solar Developers Win Four Project Commissioning Delay Cases in Telangana

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 ...
/ / Finance and M&A, Solar
India’s Rural Electrification Corporation Launches Global Medium-Term-Note Program

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 ...
/ / Markets & Policy, Solar
Spot Power Price Declines by 7% to ₹3.46/kWh in July but Still Higher than Solar Tariffs

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 ...
/ / Grid, Market & Policy
PGCIL Seeks Shareholders’ Permission to Raise ₹200 Billion in FY20

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 ...
/ / Grid, Utilities