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 ...
Adani Green Acquires AGEPteL to Foray into International Renewable Business
Adani Green Energy, a leading renewable energy project developer in the country, incorporated a wholly-owned subsidiary company Adani Wind Energy (GJ) Limited (AWEGL) on August 21, 2018, according to a ...
B.Grimm Power Buys 80 Percent Stake in 257 MW of Solar Projects in Vietnam
Thailand’s B.Grimm Power has acquired an 80 percent stake in Vietnamese firm Phu Yen TTP Joint Stock Company. Phu Yen TTP Joint Stock Company is involved in developing solar photovoltaic ...
Hanwha Q CELLS Announces Plans to Go Private
Hanwha Q CELLS, a global photovoltaic (PV) manufacturer of solar modules, has received a preliminary non-binding proposal letter from Hanwha Solar Holdings (HSH), a subsidiary of Hanwha Chemical Corporation incorporated ...
Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018
Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated financial results for the fourth quarter and fiscal year ending March 31, 2018. Total revenue during its ...
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 ...
Enphase to Acquire SunPower’s Microinverter Business
Enphase Energy and SunPower Corporation have announced the signing of a definitive agreement under which Enphase will acquire SunPower's microinverter business. Enphase will be acquiring the microinverter business for $25 ...
Fortum to Sell 54 Percent Share of its Indian Solar Portfolio
Fortum, a Finnish energy company, has signed an agreement to sell a 54 percent stake in its solar power company in India to UK Climate Investments and Elite Alfred Berg ...
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, ...