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
Quick Recap of Major Developments in India’s Renewable Energy Sector in January 2018

Quick Recap of Major Developments in India’s Renewable Energy Sector in January 2018

The first month of 2018 kickstarted the year with a flood of activity in India’s renewable energy sector, with a series of announcements by government agencies and industry players alike ...
Solex Energy Limited Launches Its Initial Public Offering

Solex Energy Limited Launches Its Initial Public Offering

Solar component manufacturer Solex Energy Limited (SEL) has become the latest Indian renewables company to announce plans for an initial public offering (IPO) in recent months. Regulatory documents show that ...
/ / Finance and M&A, Solar
December 2017 Wrap-up_ New Developments in India’s Solar and Renewable Energy Sector

December 2017 Wrap-up: New Developments in India’s Solar and Renewable Energy Sector

A rundown of notable news covering everything from auctions and deals to tax developments from the month of December December proved to be a crucial month for India’s renewable energy ...
/ / 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
Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction

Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction

In the 250 MW Bhadla Solar Park auction, Azure Power won the bid to develop 200 MWs by quoting the lowest tariff of ₹2.48 (~$0.0388)/kWh. ReNew Power won the remaining 50 ...
/ / Solar, Tenders & Auctions
ACME’s Initial Public Offering to Fund Bhadla Solar Project

ACME’s $337 Million Initial Public Offering to Fund Bhadla Solar Project

The Securities and Exchange Board of India (SEBI) has approved ACME Solar Holdings’ Initial Public Offering (IPO) worth ₹22,000 million (~$336.86 million). The face value of each equity share is ...
/ / Finance and M&A, Solar
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

Month in a Minute: Top Headlines From the Indian Renewable Energy Sector in October 2017

Here is a list of important headlines, developments and data points from India’s renewable energy sector during October 2017. ACME Solar Holdings announced that it is looking to raise $337 ...
IEX Launched IPO

IEX Launches IPO

The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
/ / Finance and M&A, Other