IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan

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 ...
/ / Finance and M&A, Solar
Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup_ BlackRock Real Assets Raises $4.8 billion to Fund Renewables

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 ...
/ / Other, Renewable Energy
Startups Expand Their Footprint in India’s EV Market_ Interview

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 ...
/ / Electric Vehicles, Grid
Funding and M&A Roundup_ Power Management Company Eaton Acquires Green Motion

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 ...
/ / Other, Renewable Energy
India’s $122 Billion Stimulus for Energy Sector Lacks Clarity in Funding Streams: Report

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 ...
/ / Other, Renewable Energy
Solar Monitoring and Analytics Platform Prescinto Closes $3.5 Million in Seed Funding

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, ...
/ / Finance and M&A, Solar
Funding and M&A Roundup_ Solar Energy Provider Sunseap Secures Series E Funding

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 ...
/ / Other, Renewable Energy
Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

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

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

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 ...
/ / Other, Renewable Energy
Nexamp Secures $440 Million Loan for its 380 MW Solar and Storage Portfolio

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 ...
/ / Finance and M&A, Solar
Committee on Energy Asks For Single Window Clearance for Rooftop Solar Projects

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 ...
/ / Markets & Policy, Solar
Funding and M&A Roundup_ EDP Renewables Acquires a Majority Stake in C2 Omega

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 ...
/ / Other, Renewable Energy
Electric Vehicle Maker Euler Motors Raises ₹300 Million from Existing and New Investors

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 ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up: Indian Railways to Entirely Run on Renewable Energy by 2030

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Shell to Acquire Renewable Power Trader Next Kraftwerke

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 ...
/ / Other, Renewable Energy
ReNew Power to Go Public in an $8 Billion SPAC Deal

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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Battery Maker Enevate Secures $81 Million in Funding

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 ...
/ / Finance and M&A, Other
Researchers Aim to Develop Solar Minimodules With a Conversion Efficiency of Over 15%

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 ...
/ / Solar, Technology
Daily News Wrap-Up: Canadian Solar Closes $208 Million Japan Green Infrastructure Fund

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, ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Enphase to Acquire Solar Design Business of DIN Engineering

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Shoals Technologies Group Raises $2.2 Billion in IPO

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Microinverter Company Enphase Acquires Sofdesk

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 ...
/ / Finance and M&A, Other
Residential Solar Company Sunlight Financial to Go Public in a $1.3 Billion SPAC Deal

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), ...
/ / Finance and M&A, Solar