Funding and M&A Roundup_ Solar Mounting Company PanelClaw Acquired by Esdec

Funding and M&A Roundup: Solar Mounting Company PanelClaw Acquired by Esdec

The Peck Company Holdings, a commercial solar engineering, procurement, and construction (EPC) company, announced that the merger agreement that was announced on August 10, 2020, has been terminated by Sunworks ...
/ / Finance and M&A, Other
Solar Tracking Company Array Technologies Closes IPO After Raising Over $ 1 Billion

Solar Tracking Company Array Technologies Closes IPO After Raising Over $1 Billion

Array Technologies, a U.S.-based manufacturer of solar tracking systems used in large-scale projects,  has announced eh close its upsized initial public offering (IPO) after raising over $1 billion in one ...
/ / Finance and M&A, Solar
Funding and M&A Wrap-up_ Array Technologies Plans to Raise $675 Million in IPO

Funding and M&A Wrap-up: Array Technologies Plans to Raise $675 Million in IPO

Array Technologies, a manufacturer of ground-mounting systems used in solar PV projects, has filed to raise $675 million in an IPO of its common stock, according to an S-1 registration statement ...
/ / Other, Renewable Energy
Daqo New Energy to Invest $576 in Polysilicon Manufacturing Facilities Through IPO

Daqo New Energy to Invest $576 Million in Polysilicon Manufacturing Facilities Through IPO

Chinese solar photovoltaic (PV) grade polysilicon manufacturer Daqo New Energy Corporation has revealed plans to raise $732 million (~₹53.7 billion) for new polysilicon manufacturing facilities and working capital requirements. In its press ...
/ / Finance and M&A, Solar
Solar Inverter Supplier GoodWe Launches IPO, Lists on Shanghai Stock Exchange

Solar Inverter Supplier GoodWe Launches IPO, Lists on Shanghai Stock Exchange

Solar inverter manufacturer GoodWe announced the initial public offering (IPO) of its common stock on the Shanghai Stock Market, making it a listed public company. According to the press release, ...
/ / Inverters & BOS, Solar
Sterling & Wilson Reports Lower Revenues and Profits in Nine Months of FY20

Sterling & Wilson Reports Lower Revenues and Profits in Nine Months of FY20

Sterling and Wilson, a Shapoorji Pallonji Group company, has released its consolidated and standalone financial results for the third quarter (Q3) and nine months ended on December 31, 2019. The ...
/ / Finance and M&A, Solar
Corporate Funding in 2019 Jumps 20% Reaching $12 Billion in the Solar Sector Globally

Corporate Funding in 2019 Jumps 20% Reaching $12 Billion in the Solar Sector Globally

Total corporate funding in the solar sector increased by 20% in 2019, reaching $11.7 billion in 117 deals, up from $9.7 billion in 139 deals in 2018, according to Mercom ...
/ / Mercom Research Focus, Other
Solar EPC Company Sterling & Wilson Repays ₹10 Billion in Outstanding Loan

Solar EPC Company Sterling & Wilson Repays ₹10 Billion in Outstanding Loan

Sterling and Wilson Solar Limited, the solar engineering and construction arm of the Shapoorji Pallonji Group, has paid ₹10 billion in dues (~$140.18 million) of its outstanding loan. This payment ...
/ / Solar, Utility Scale
Global Solar EPC Company Sterling & Wilson Floats IPO Targeting to Raise ₹31.25 Billion

Global Solar EPC Company Sterling & Wilson Floats IPO Targeting to Raise ₹31.25 Billion

Sterling and Wilson Solar Limited (SWSL), the solar engineering and construction arm of the Shapoorji Pallonji Group, has floated its initial public offering (IPO) targeting to raise ₹31.25 billion (~$442 ...
First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

In the first half of 2019 (1H 2019), funding activity in the solar sector was on an upward trajectory when compared to the same period last year. Total corporate funding ...
/ / Finance and M&A, Solar
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 ...
Important Headlines from the Indian Solar Market in April 2019

Important Headlines from the Indian Solar Market in April 2019

April 2019 was a busy month for the domestic solar industry with state electricity regulatory commissions issuing orders aimed at providing relief to solar project developers. During the month, a ...
ACME to Reduce its IPO Size from ₹22 billion to ₹10-15 billion

Solar EPC Company Sterling and Wilson Files for ₹45 Billion IPO

Sterling and Wilson Solar Limited, an engineering, procurement, and construction (EPC) company of Shapoorji Pallonji Group, has filed a draft red herring prospectus as part of its planned initial public ...
/ / Markets & Policy, Solar
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

Solar EPC Company Gensol Plans for IPO

Gensol Engineering Limited (Gensol), a company that provides engineering, procurement, and construction (EPC) and advisory services for solar projects in India, has filed a draft red herring prospectus as part ...
/ / Finance and M&A, Solar
Solar Inverter Company Ginlong Solis Floats 20 Million Shares in IPO Raising $79 Million

Solar Inverter Company Ginlong Solis Floats 20 Million Shares in IPO Raising $79 Million

Ginlong (Solis) Technologies, a manufacturer of solar PV string inverters, has been listed as a public company on the Shenzhen Stock Exchange, the company announced in a press statement. According ...
/ / Markets & Policy, Solar
IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

The Indian Renewable Energy Development Agency (IREDA) has posted gross income worth ₹17.8 billion (~$0.24 billion) in financial year (FY) 2017-18. This is an approximate growth of 20 percent over ...
/ / Markets & Policy, Solar
ACME Commissions a 200 MW Solar Project in Rajasthan’s Bhadla Solar Park

ACME Commissions a 200 MW Solar Project in Rajasthan’s Bhadla Solar Park

ACME Solar Holdings, an Indian renewable energy developer, has commissioned a 200 MW solar power project at Bhadla Solar Park, located in Rajasthan. The project is designed using the latest 1,500 ...
/ / Markets & Policy, Solar
Interview: Safeguard Duty Does Not Seem to Safeguard Interests of Project Developers

Interview: Safeguard Duty Does Not Seem to Safeguard Interests of Solar Project Developers

India’s solar sector is currently dealing with a plethora of issues from all sides, while trying to keep pace to meet the 2022 goal of 100 GW it has set ...
/ / Markets & Policy, Solar
ACME to Reduce its IPO Size from ₹22 billion to ₹10-15 billion

ACME to Reduce its IPO Size from ₹22 Billion to ₹10-15 Billion

ACME Solar Holdings, an Indian renewable energy developer, has decided to re-evaluate its proposed Initial Public Offering (IPO). The company is going to downsize the IPO from ₹22 billion ($0.32 ...
/ / Markets & Policy, Solar
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 ...
ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States

ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States

In a bid to expand its foothold in the industry, India’s leading renewable energy project developer ReNew Power, is looking at new acquisition opportunities. According to its Draft Red Herring ...
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

Indian renewable energy project developer, ReNew Power, has filed draft papers with capital market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO), according to the ...
IREDA’s Gross NPAs Rose to 6 Percent in FY 2016-17

IREDA’s Gross NPAs Rose to 6 Percent in FY 2016-17

The Indian Renewable Energy Development Agency (IREDA)’s gross non-performing assets (NPAs) rose to 6.01 percent of its total assets in the financial year (FY) 2016-17. The net NPAs of IREDA ...
/ / Markets & Policy, Solar
Indian Solar Sector Received Over $10 Billion in Financing During 2017

Indian Solar Sector Received Over $10 Billion in Financing During 2017

In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
/ / Finance and M&A, Solar
IREDA Gets a Nod from SEBI to Launch IPO

IREDA Gets a Nod from SEBI to Launch IPO

The Indian Renewable Energy Development Agency (IREDA) has received a green signal from the Securities and Exchange Board of India (SEBI) for the launch of its Initial Public Offering (IPO). Now, ...
/ / Markets & Policy, Solar