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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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), ...
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
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 ...
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
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 ...
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 ...
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
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 & ...
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
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 ...
