SunEdison Restructures Its Rooftop Solar Business
SunEdison Infrastructure Limited, a Chennai-based renewable energy company, has entered into a framework agreement to restructure and transfer under-construction commercial and industrial (C&I) and other businesses of the company to ...
US-Based Fenice Group to Invest $2.5 Million in SunEdison’s Rooftop Solar Subsidiary
The Chennai-based renewable energy company, SunEdison Infrastructure Limited, has announced that it has entered into a share subscription and shareholders’ agreement with U.S.-based Fenice Investment Group LLC. Under this deal, ...
SunEdison’s Rooftop Solar Subsidiary Acquires Sherisha Solar
Chennai-based renewable energy company SunEdison Infrastructure Limited (formerly YKM Industries Limited) has informed that its subsidiary SIL Rooftop Solar Power Private Limited (SIL), has acquired 100% fully paid-up equity share ...
KERC Denies Extension of Commissioning Dates for SunEdison’s 150 MW of Solar Projects
The Karnataka Electricity Regulatory Commission (KERC) has ruled against a petition filed by the special purpose vehicles (SPVs) of SunEdison Energy - SEI Aditi Power, SEI Bheem, SEI Suryashakthi, SEI ...
Avyan Renewable Solar’s Acquisition in SunEdison Reduced to 31%
Avyan Renewable Solar will now acquire 13,91,896 equity shares representing 31% of the equity share capital of SunEdison, according to a recent corporate filing by SunEdison with the Bombay Stock ...
Breaking: Entire 1 GW Kurnool Solar Park to be Grid-Synchronized Tomorrow
The 1 GW Kurnool Solar Park in Andhra Pradesh will be commissioned on July 13, 2017. With the commissioning of Adani’s awarded capacity of 50 MW, the entire proposed 1 ...
Oriano Solar Raises Rs.200 Million in Series A Funding
Oriano Solar, a solar focused EPC firm, has raised Series A funding of Rs.200 million ($3 million) from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd. The investment ...
Greenko Raises $155 Million in Equity Funding
Greenko Energy Holdings (Greenko), a renewable energy company, raised $155 million (~Rs.10.14 billion) in equity funding. The company signed definitive agreements with an affiliate of GIC and an entity that ...
$1.1 Billion in Funding and M&A Deals Announced in the Indian Solar Sector in Q4 2016
With solar installations in 2016 totaling 4 GW, financial activity was robust in the fourth quarter of 2016, with approximately $1.1 billion (~Rs.76.6 billion) in announced corporate, project funding and ...
Tata Power and ReNew Power Top the List of Large-Scale Solar Developers in India
Utility scale solar in India has seen exponential growth over the past two years with installations of approximately 9 GW to date, making up about 94 percent of total installations ...
Greenko Completes SunEdison India Acquisition
Greenko Energy Holdings (Greenko) has completed the acquisition of SunEdison’s 587 MW Indian wind and solar projects for a cash payment of $42 million and assumption of project-level debt of ...
Mercom Capital Group Forecasts 3.6 GW of Solar Installations in India for 2016
Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom forecasts about 2,150 MW in solar installations for ...