PROPARCO invests $15 million in Avaada Energy

November 2019

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 […]

AGEL raises $362.5 million through green bonds

October 2019

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 acquires 20 per cent stake in Orb Energy

October 2019

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 […]

PRESPL raises Rs 360 million equity from Shell

September 2019

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. […]

ReNew Power raises $300 million through rights issue

July 2019

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 forms a $40-million equity fund 

July 2019

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 […]

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