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
Initial Public Offering

ACME Solar to Raise $337 Million Through IPO

As expected, ACME Solar Holdings has filed a draft red herring prospectus with Securities and Exchange Board of India (SEBI) for a ₹22,000 million (~$336.86 million) IPO at a face ...
/ / Finance and M&A, Solar
IEX IPO

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board ...
/ / Finance and M&A, Other
India’s Solar Industry Reacts to Modi Government’s Win in Lok Sabha Elections 2019

IREDA to Launch IPO

The Cabinet Committee on Economic Affairs has approved the launch of IREDA’s initial public offering (IPO) today, the 7th of June 2017. Indian Renewable Energy Development Agency (IREDA) will issue 139 million equity ...
Utility Scale Solar

Azure Power Begins Construction of 100 MW Solar Project at Kurnool Ultra Mega Solar Park

Azure Power has commenced the construction of a 100 MW solar project at the Kurnool Ultra Mega Solar Park in Andhra Pradesh. The project is expected to be commissioned by ...
/ / Solar, Utility Scale
Azure Power Global Shares Drop After IPO

Azure Power Global Shares Drop After IPO

Azure Power Global debuted on the New York Stock exchange as the first India solar company to go public in the U.S. under the trading symbol “AZRE”.  The company had ...
/ / Finance and M&A, Solar
Azure Power

Azure Power Revises its IPO Down To $75 Million

Azure Power has revised its Initial Public Offering (IPO). With the revised filing, Azure Power plans to raise $75 million (~Rs.5 billion) in place of the previously proposed $140 million ...
/ / Finance and M&A, Solar
Azure Power Sets Terms for IPO on NYSE

Azure Power Sets Terms for IPO on NYSE

Azure Power, an Indian solar project developer, has set terms for its initial public offering (IPO) in New York. The IPO will comprise of 6.82 million shares priced between $21 ...
/ / Markets & Policy, Solar
wind turbines

Wind Sector VC Funding Reaches $455 Million in 2013, Project Funding $18.1 Billion

Strong IPO activity in wind sector in 2013 Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) ...
/ / Other, Wind
Wind sector VC funding comes in at $135 million in Q3 2013, project funding totals $3.7 billion, reports Mercom Capital Group

Wind sector VC funding comes in at $135 million in Q3 2013, project funding totals $3.7 billion, reports Mercom Capital Group

Wind sector sees strong IPO activity Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for ...
/ / Other, Wind