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 […]
Azure Power Solar Energy Private Limited has announced that it will issue a green bond offering of about $ 350 million. The bond will mature in 2024 with an expected US dollar coupon of 5.65 […]
The renewable energy arm of the Adani group, Adani Green Energy has announced the acquisition of 205 MW of solar assets from Essel Group. This marks the first acquisition of operating solar projects by Adani. […]
Punjab Renewable Energy Systems Private Limited (PRESPL), an Indian biomass-based energy company, has raised private equity investment of over Rs 360 million from Shell. With this investment, PRESPL has closed its Series-B round of funding. […]
The promoters of Adani Green Energy Limited will sell a 5.98 per cent stake in the company through an offer for sale. The stake sales are being planned to bring down the promoter shareholding in […]
The Adani Group is likely to acquire about 310 MW capacity of solar energy assets from Essel Infra Projects Limited. The value of the transaction is expected to be about Rs 20 billion. The Essel […]
Kolkata-based Srei Equipment Finance Limited (SEFL) has announced that it has received a credit approval of $30 million from the Dutch development bank FMO. According to SEFL, the loan will be utilised to refinance the […]
Cleanmax Solar has decided to set up a 150 MW solar farm project in Haryana. The solar farm will be developed in Sirsa district on a stretch of 600 acres of land at an investment […]
ReNew Power has announced raising $300 million through a rights issue. According to the press statement, Goldman Sachs, the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board have subscribed to the issue […]
Encourage Capital has announced the first closing of a new private equity fund called Encourage Solar Finance L.P., at $40 million. The specialised financial institution in India will receive investments from the new fund to […]
SEBI has given its approval to Sterling and Wilson Solar Limited to float its proposed initial public offering, which is estimated to raise about Rs 45 billion. The shares of Sterling and Wilson Solar Limited […]
SunEdison Infrastructure Limited plans to acquire Megamic Electronics Private Limited and Enrecover Energy Solutions Private Limited, according to a recent corporate filing by the company at the Bombay Stock Exchange. Megamic Electronics Private Limited is […]
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