IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan
International Finance Corporation (IFC) has proposed a $50 million loan facility to Italy-based Enel Green Power to fund its solar project in Rajasthan’s Bikaner. The 300 MW Thar Surya solar photovoltaic ...
Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions
The solar industry has emerged stronger after the pandemic, which is still raging worldwide. But solar projects have been considered as 'investment havens' in the uncertain COVID-19 world because of ...
Funding and M&A Roundup: BlackRock Real Assets Raises $4.8 Billion to Fund Renewables
BlackRock Real Assets has achieved a $4.8 billion final close of Global Renewable Power Fund III (GRP III) with commitments from over 100 institutional investors, including leading public and private ...
Startups Expand Their Footprint in India’s EV Market: Interview
The electric vehicle (EV) sector in India expects high growth in the current year on the back of robust funding received by EV companies in 2020. Companies believe that demand ...
Funding and M&A Roundup: Power Management Company Eaton Acquires Green Motion
Power management company Eaton has acquired Green Motion, a manufacturer of electric vehicle charging hardware and related software. Soltage, an independent power producer, and Harrison Street, an investment management firm ...
India’s $122 Billion Stimulus for Energy Sector Lacks Clarity in Funding Streams: Report
India has committed more public money than any other economy– at least $122 billion – to support the energy sector since the start of the Covid-19 crisis, but the government’s ...
Solar Monitoring and Analytics Platform Prescinto Closes $3.5 Million in Seed Funding
Solar monitoring and analytics platform Prescinto has announced the close of $3.5 million in seed round funding. The round was led by Venture Catalysts, with participation from Inflection Point Ventures, ...
Funding and M&A Roundup: Solar Energy Provider Sunseap Secures Series E Funding
Sunseap Group, a Singapore-based solar installer, secured equity in Series E funding round from Dubai-based conglomerate, Dutco. The proceeds will be deployed to Sunseap's future solar projects in Singapore and ...
Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding
Smart Joules, an energy-efficiency-as-a-service company, said it raised $4.1 million in Series A funding from ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator, Saket Burman from the Dabur ...
Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise
New Delhi-based electric vehicle (EV) maker Euler Motors announced that it had raised an additional $2.6 million in Series A funding from ADB Ventures - the venture investing arm of the Asian ...
Funding and M&A Roundup: Orix Completes Acquisition of 21.8% Stake in Greenko
Australian utility AGL has entered into agreements to acquire two of Australia’s largest commercial solar businesses, Epho and Solgen Energy Group (from Anchorage Capital Partners), both commercial and industrial solar ...
Nexamp Secures $440 Million Loan for its 380 MW Solar and Storage Portfolio
Nexamp, a U.S.-based solar energy company, has secured a $440 million senior secured credit facility for its 380 MW of solar and storage portfolio that spreads across five states and ...
Committee on Energy Asks For Single Window Clearance for Rooftop Solar Projects
The Parliamentary Standing Committee on Energy has said that the Ministry of New and Renewable Energy (MNRE) will find it difficult to install 175 GW of renewable energy capacity by ...
Funding and M&A Roundup: EDP Renewables Acquires a Majority Stake in C2 Omega
EDP Renewables, through its fully owned subsidiary EDP Renewables North America, has closed its acquisition of a majority interest in C2 Omega, the distributed solar platform of C2 Energy Capital ...
Electric Vehicle Maker Euler Motors Raises ₹300 Million from Existing and New Investors
Euler Motors, a New Delhi-based electric vehicle (EV) manufacturer, has raised ₹300 million (~$4.1 million) as a part of its ongoing Series A round. The funding was led by existing ...
Daily News Wrap-Up: Indian Railways to Entirely Run on Renewable Energy by 2030
Here are some noteworthy cleantech announcements of the day from around the world: Union Minister of Railways Piyush Goyal has said that the entire Indian rail network would be fully ...
Funding and M&A Roundup: Shell to Acquire Renewable Power Trader Next Kraftwerke
Shell will acquire 100% of Next Kraftwerke's shares, subject to approval by the regulators. As a part of the Renewables & Energy Solutions division at Shell, the German power trader ...
ReNew Power to Go Public in an $8 Billion SPAC Deal
ReNew Power, an India-based independent power producer, has signed an agreement for a business combination with RMG Acquisition Corporation II, a special purpose acquisition company (SPAC), resulting in ReNew Power ...
Funding and M&A Roundup: Battery Maker Enevate Secures $81 Million in Funding
Volta Energy Technologies, an investor in battery and energy storage technologies, has announced an initial closing on its venture fund focused on batteries, energy storage, and related hardware and software ...
Researchers Aim to Develop Solar Minimodules With a Conversion Efficiency of Over 15%
A team of researchers at the University of Bristol, in collaboration with researchers from Northumbria University and Loughborough University, aim to develop solar minimodules with a conversion efficiency of over ...
Daily News Wrap-Up: Canadian Solar Closes $208 Million Japan Green Infrastructure Fund
Here are some noteworthy cleantech announcements of the day from around the world: Canadian Solar, a global solar module supplier, has announced the close of the Japan Green Infrastructure Fund, ...
Funding and M&A Roundup: Enphase to Acquire Solar Design Business of DIN Engineering
Enphase Energy, a supplier of micro inverter-based solar-plus-storage systems, announced that it has agreed to acquire the Solar Design Services business of DIN Engineering Services, based in Noida, Uttar Pradesh ...
Funding and M&A Roundup: Shoals Technologies Group Raises $2.2 Billion in IPO
Shoals Technologies Group, a provider of a balance of system components for solar projects, raised $2.2 billion in its Initial Public Offering (IPO). The company announced the closing of its ...
Funding and M&A Roundup: Microinverter Company Enphase Acquires Sofdesk
Enphase Energy, a microinverter technology provider for the solar industry, has announced the closing of its acquisition of Sofdesk. Sofdesk's Solargraf integrated software platform offers the industry's digital tools and ...
Residential Solar Company Sunlight Financial to Go Public in a $1.3 Billion SPAC Deal
Sunlight Financial, a U.S.-based residential solar financing platform, has signed an agreement for a business combination with Apollo Global Management-backed Spartan Acquisition Corporation II, a special purpose acquisition company (SPAC), ...
