Sterling and Wilson Subsidiary Acquires GCO Solar
Sterling and Wilson International Solar FZCO (SWFZCO) announced that it has fully acquired the equity share capital of GCO Solar, an Australia-based electrical and solar contractor. In a BSE filing, ...
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021
The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring
Suzlon Energy Limited has announced a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its ...
Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020
Total corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors in 2020 was up 112% at $8.1 billion ...
Kerala Budget Proposes ₹2.5 Billion Loan for Rooftop Solar, Cuts Tax on EVs
Kerala’s Finance Minister Thomas Isaac announced a 50% reduction in motor vehicle tax for electric, fuel cell, and full hybrid battery electric vehicles (EV) for five years in the state’s ...
Daily News Wrap-Up: KPI Global Signs PPAs to Sell Solar Power to Two Industrial Customers
Here are some noteworthy cleantech announcements of the day from around the world: TP Renewable Microgrid, a wholly-owned subsidiary of Tata Power, has commissioned its 100th solar microgrid project in ...
Tata and SIDBI to Give Collateral-Free Loans to MSMEs to Set Up Rooftop Solar Systems
Tata Power has joined hands with the Small Industries Development Bank of India (SIDBI) to provide affordable financing for rooftop solar installations by the micro, small, and medium enterprises (MSMEs) ...
Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables
Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares. In ...
German Wind Turbine Maker Senvion to Sell its Indian Arm to Dubai’s GREDHCL
Senvion GmbH, a German wind turbine manufacturer, said it has entered into contractual agreements to sell its Indian operations to Global Renewable Energy Development Holding Company Limited (GREDHCL). The company ...
Month in a Minute: Top Headlines from Indian Renewable Sector in November 2020
Here is a recap of some of the most important headlines from November 2020: Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an ...
ADB Approves $430 Million to Upgrade Uttar Pradesh’s Power Distribution Network
The Asian Development Bank (ADB) announced that it approved a $430 million multi-tranche financing facility (MFF) to improve the reliability and quality of power supply in Uttar Pradesh. The funding ...
Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%
The Ministry of Finance (MoF) has issued a notification revising the performance security deposits for tenders to 3% of the contract value from the previous range of 5%-10%. This move ...
Daily News Wrap-Up: EDF Renewables to Supply 250 MW of Solar to Steel Producer Nucor
Here are some noteworthy cleantech announcements of the day from around the world: EDF Renewables North America and Nucor Corporation have signed a 15-year virtual power purchase agreement (VPPA) for ...
Sterling and Wilson Solar’s Revenue Up 12% in Q2 of FY 2021
Sterling and Wilson Solar, one of the leading solar engineering, procurement, and construction (EPC) services providers, has announced the financial results for the second quarter (Q2) of the financial year ...
European Ultracapacitor Manufacturer Skeleton Technologies Raises €41.3 Million
Skeleton Technologies, an Estonia-based manufacturer of ultracapacitor-based energy storage, announced that it raised €41.3 million (~$48.5 million) in a Series D financing round from a group of investors. With this ...
ADB Offers Over $10 Million to the Maldives to Swap Diesel-Based Grids with Renewables
The Asian Development Bank (ADB) announced that it approved a concessional loan worth $7.74 million and a project grant worth $2.73 million to advance the existing 'Preparing Outer Islands for ...
Companies Come Together to Promote Sustainable Agriculture With Carbon Credits
Several global companies have committed to supporting farmers in the United States through agricultural carbon credits. Indigo Agriculture, a U.S.-based agricultural technology company, announced that it had secured commitments from ...
ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System
The Asian Development Bank (ADB) announced that it has approved a $132.8 million loan to modernize the power distribution network in Meghalaya. The loan will be utilized to support a ...
Daily News Wrap-Up: Jaguar Land Rover India Opens Bookings for its All-Electric SUV
Here are some noteworthy cleantech announcements of the day from around the world: The Cabinet Committee on Economic Affairs chaired by the Prime Minister of India Narendra Modi has approved ...
CenterPoint Properties Raises $250 Million Through Green Bonds
CenterPoint Properties, a U.S.-based industrial real-estate company, announced the closing of its inaugural green bond issuance. The company raised $250 million through the private placement of the green bonds. Green ...
Solar Wafer Maker Leading Edge Technologies Secures $7.6 Million in Series A Funding
Leading Edge Equipment Technologies, a U.S.-based silicon wafer manufacturer, announced that it secured $7.6 million through Series A financing led by Prime Impact Fund. Clean Energy Ventures and DSM Venturing ...
ReNew Power Raises $325 Million through Overseas Green Bonds
ReNew Power, an Indian independent power producer, has raised around $325 million through overseas green bonds. Green bonds are financial instruments designed to raise money for climate and sustainability-related projects ...
CLP Wind Farms Raises Nearly ₹3 Billion Through Green Bonds
CLP Wind Farms (India) said it raised ₹2.96 billion (~$40.51 million) through its green bonds - financial instruments designed to raise money for climate and sustainability-related projects and activities. The ...
Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio
The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company’s solar generation capacity ...
Allied Irish Bank Launches Green Bonds Worth €1 Billion
The Allied Irish Bank (AIB) announced that it has issued green bonds worth €1 billion (~$ 1.16 billion) to finance projects with climate change benefits. Green bonds are financial instruments ...
