ZunRoof, an Indian start-up in the rooftop solar segment, has received Series A funding of $3 million from the Godrej Investment Office. This is the second round of investment by Godrej after its $1.2 million […]
Fourth Partner Energy,has received a loan of Rs 5 million from Grameen Impact India, a non-banking finance corporation registered under the Reserve Bank of India, towards its Power@1 programme for 18 months. The company will […]
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 Global Limited. According to the […]
Mahindra & Mahindra Limited’s subsidiary, Mahindra Renewables Private Limited (MRPL), has agreed to sell its entire stake in three subsidiaries to CLP India Private Limited (CLP) for around Rs 3.40 billion. The three subsidiaries include […]
Total, a French oil and gas major, has entered into an agreement with Adani Green Energy Limited (AGEL) to acquire a 50 per cent stake in a joint venture company for $510 million. The agreement […]
Swedish private equity company EQT Infrastructure and Singapore-based holdings company Temasek have announced the launch of O2 Power, a renewable energy platform in India. O2 Power aims to develop 4 GW of solar and wind […]
Bank of America plans to lend Rs 3.56 billion to Fourth Partner Energy to help the latter enhance its solar portfolio in the country by 150 MW over the next year and a half. This […]
The International Finance Corporation, the financial arm of the World Bank, will lend $36 million for a 250 MW solar project to be set up by Mahindra Renewables Private Limited, a subsidiary of Mahindra Susten, […]
Chennai-based renewable energy company SunEdison Infrastructure Limited’s subsidiary SIL Rooftop Solar Power Private Limited (SIL) has acquired Sherisha Solar Private Limited. With this acquisition, Sherisha Solar, founded in 2015, has become a step-down subsidiary of […]
Venture Catalysts, an integrated incubator, recently invested an undisclosed amount in Noida-based Skilancer Solar, a solar module cleaning solutions provider. Skilancer Solar manufactures centrally controlled, self-powered robotic arms for automatic cleaning of solar modules. Earlier, […]
Japanese joint venture Automotive Electronics Power Private Limited (AEPPL) will invest Rs 37.15 billion in the second phase of its lithium-ion battery production facility at Hansalpur, in the Ahmedabad district of Gujarat. The joint venture […]
Chennai-based renewable energy company SunEdison Infrastructure Limited’s subsidiary- SIL Rooftop Solar Power Private Limited (SIL) has acquired Sherisha Solar Private Limited. With this acquisition, Sherisha Solar has become a step-down subsidiary of SunEdison. Sherisha Solar […]
The International Finance Corporation (IFC), the financial arm of the World Bank, will lend $36 million for a 250 MW solar project by Mahindra Renewables Private Limited (MRPL) in Rajasthan. Mahindra Susten won the bids […]
The Asian Infrastructure Investment Bank, a multilateral development bank, has approved a $65 million loan for a 250 MW solar power project in Jodhpur. Hero Futures Energies Private Limited (HFE), an independent power producer, will […]
The Bank of America has plans to lend Rs 3.56 billion to Fourth Partner Energy. Fourth Partner Energy is expected to use these funds to boost its solar portfolio in the country by 150 MW […]
Sembcorp’s wholly-owned subsidiary Sembcorp Utilities has entered into a non-binding term sheet with its local Indian partner, Gayatri Energy Ventures, a wholly owned subsidiary of Gayatri Projects Limited to acquire the remaining 5.95 per cent […]
PROPARCO, a French development financial institution, has made a $15 million equity investment in independent power producer Avaada Energy Private Limited. In April 2019, Avaada Energy had also secured financing of around Rs 10 billion […]
United Arab Emirates-based Masdar has invested around $150 million in Hero Future Energies (HFE). The investment is expected to pave the way for the expansion of Hero in India and other key markets. This is the […]
Adani Green Energy Limited (AGEL) has announced that its subsidiaries have approved the issuance of dollar-denominated 20-year senior secured green bonds amounting to $362.5 million. These subsidiaries include Adani Renewable Energy Limited, Wardha Solar (Maharashtra) […]
Shell has acquired a near 20 per cent stake in Orb Energy, a Bengaluru-based solar solutions provider. Orb Energy offers credit to SMEs to invest in their rooftop solar systems. The existing investors in Orb […]
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