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 ...
SunEdison to Acquire Two Renewable Companies for $21.2 Million

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 ...
NLC India Commissions 200 MW of Solar Projects in Tamil Nadu

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
Adani Green Acquires AGEPteL to Foray into International Renewable Business

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 ...
/ / Finance and M&A, Solar
Suzlon Registers ₹5.75 Billion Net Loss in First Quarter of FY19

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 ...
/ / Other, Wind
Adani Green Energy Starts Trading on the Bombay Stock Exchange

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

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 ...
/ / Markets & Policy, Solar
IREDA Files IPO papers with SEBI

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 ...
/ / Finance and M&A, Solar
Initial Public Offering

ACME Solar to Raise $337 Million Through IPO

As expected, ACME Solar Holdings has filed a draft red herring prospectus with Securities and Exchange Board of India (SEBI) for a ₹22,000 million (~$336.86 million) IPO at a face ...
/ / Finance and M&A, Solar
Sangam Advisors

Sangam Advisors to Develop 4 MW of Solar for MAHAGENCO

Sangam Advisors Limited plans to develop 4 MW of grid-connected solar projects for the Maharashtra State Power Generation Company Ltd. (MAHAGENCO). The company stated in a Bombay Stock Exchange (BSE) filing, ...
/ / Solar, Utility Scale
IEX IPO

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board ...
/ / Finance and M&A, Other
Solar Tender

NTPC Upsizes Medium-Term Note Program to $6 Billion

The National Thermal Power Corporation (NTPC) has upsized the medium-term note (MTN) program to $6 billion. The state-run power generator also issued rupee denominated bonds worth Rs.50 billion (~$772.14 million) ...
/ / Finance and M&A, Other