Wind Turbine Manufacturer Suzlon to Raise ₹12 Billion Through Rights Issue

Wind Turbine Manufacturer Suzlon to Raise ₹12 Billion Through Rights Issue

India-based wind turbine manufacturer Suzlon Energy hopes to raise ₹12 billion (~$147.09 million) through a right issue of 2.4 billion company shares. The shares with a face value of ₹2 ...
/ / Finance and M&A, Other, Wind
Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

A wholly-owned subsidiary of Tata Power, Tata Power Renewable Energy Limited (TPREL), has approved the allotment of 83.6 million equity shares with a face value of ₹10 (~$0.125) each at ...
/ / Finance and M&A, Other
Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant

Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant

Kolkata-based solar cells and modules manufacturer Websol Energy System has approved the issue of 23,80,000 equity shares of ₹10 (~$0.126) each at an issue price of ₹105 (~$1.329). The shares ...
/ / Manufacturing, Solar
EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings In ₹501.6 Million

EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings in ₹501.6 Million

Altigreen Propulsion Labs, a Bangalore-based commercial electric vehicle (EV) manufacturer, announced that it has raised ₹3 billion (~$40 million) in a Series A funding round, a day after Reliance New ...
/ / Electric Vehicles, Grid
NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy, a U.S.-based energy company, has reported a net income of $3.57 billion for 2021, a 22% year-over-year increase compared to $2.91 billion last year. Its fourth-quarter (Q4) results ...
/ / Finance and M&A, Other
Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance New Energy Solar, the green energy arm of Reliance Industries Limited (RIL), has offered ₹375 (~$5)/share to acquire 49.14 million equity shares of Sterling and Wilson Solar for around ₹18.42 billion ...
/ / Finance and M&A, Solar
Reliance To Buy 40% Stake in EPC Company Sterling & Wilson Solar

Reliance to Buy 40% Stake in EPC Company Sterling & Wilson Solar

Reliance New Energy Solar Limited (RNESL), the green energy arm of Reliance Industries, has signed an agreement with Shapoorji Pallonji and Company Private Limited (SPCPL) to acquire a 40% stake ...
/ / Finance and M&A, Solar
Indian Renewable Energy Company ReNew Power Lists on Nasdaq

Indian Renewable Energy Company ReNew Power Lists on Nasdaq

Indian independent renewable power producer ReNew Power has been listed on the Nasdaq after completing a business combination with RMG Acquisition Corporation II, a special purpose acquisition company (SPAC). In February 2021, ReNew ...
/ / Markets & Policy, Solar
String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

Photovoltaic inverter manufacturer Ginlong Technologies (Solis) has recorded a 99.8% year-over-year (YoY) growth to RMB 1.45 billion (~$223.8 million) in the first half (1H) of 2021 from RMB 727 million (~$112.20 ...
/ / Finance and M&A, Solar
Residential Solar Firm Sunrun’s Total Revenue Surges 121% YoY in Q2 2021

Residential Solar Firm Sunrun’s Total Revenue Surges 121% YoY in Q2 2021

Sunrun, a U.S.-based residential solar, battery storage, and energy services company, has announced financial results for the second quarter (Q2) of the calendar year (CY) 2021. The company’s total revenue ...
/ / Finance and M&A, Solar
Mahindra & Mahindra to Buy Solar From ReNew Power’s 43 MW Open Access Project

Mahindra & Mahindra to Buy Solar from ReNew Power’s 43 MW Open Access Project

Mahindra & Mahindra has announced that it has signed a power purchase agreement with ReNew Sunlight Energy, a subsidiary of ReNew Green Energy Solutions to procure solar power from its ...
/ / Off-grid, Solar
Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Array Technologies, a U.S.-based solar tracking systems manufacturer, has reported a 49% increase in net profit with $59.07 million in 2020 from $39.74 million in 2019, despite a $9.77 million ...
/ / Markets & Policy, Solar
EV Charging Company ChargePoint Completes SPAC Deal, Lists on NYSE

EV Charging Company ChargePoint Completes SPAC Deal, Lists on NYSE

U.S.-based electric vehicle charging network company ChargePoint’s shares began trading on the New York Stock Exchange on March 1, 2021, following the completion of its business combination with Switchback Energy ...
/ / Electric Vehicles, Grid
Enphase Energy to Raise $1 Billion Via Convertible Notes Issue

Enphase Energy to Raise $1 Billion Via Convertible Notes Issue

Enphase Energy, a supplier of micro inverter-based solar-plus-storage systems, has unveiled plans to raise $1 billion through the issuance of convertible senior notes. The company will offer $500 million of ...
/ / Finance and M&A, Solar
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
/ / Finance and M&A, Grid
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
Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares. In ...
Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Exide Industries Limited, an Indian battery manufacturer, said that it invested ₹331.7 million (~$4.49 million) in its subsidiary Exide Leclanche Energy Private Limited by way of subscription of the subsidiary’s ...
/ / Finance and M&A, Other
Zinc Battery Manufacturer Eos Energy Storage Lists on Nasdaq

Zinc Battery Manufacturer Eos Energy Storage Lists on Nasdaq

Eos Energy Storage, a United States-based zinc-battery storage system manufacturer, has gone public on the Nasdaq Capital Market in a rare battery energy storage listing. The company announced that it ...
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
Japan's Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Japan’s Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Orix Corporation, a Japan-based financial services group, announced that it had signed a framework agreement with renewable energy project developer Greenko Energy Holdings, to acquire approximately 20% of its shares ...
/ / Finance and M&A, Solar
CDPQ’s Share in Azure Power Rises to 50.9%

CDPQ’s Share in Azure Power Rises to 50.9%

Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has acquired an additional 717,701 shares from a shareholder of Indian independent power producer Azure Power ...
IL&FS Sells Seven Wind Power Subsidiaries Totaling 873 MW to Japan’s Orix

IL&FS Sells Seven Wind Power Subsidiaries Totaling 873 MW to Japan’s Orix

Orix, a financial services group headquartered in Tokyo, has announced that it will acquire 51% stake in seven wind power generating subsidiaries which it jointly owns with Infrastructure Leasing & ...
/ / Other, Wind
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 ...
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