CDPQ’s share in Azure Power rises to 50.9 per cent

March 2020

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 […]

IFC to lend $36 million to Mahindra Renewables

January 2020

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, […]

SunEdison’s rooftop solar subsidiary acquires Sherisha Solar

January 2020

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 […]

Skilancer Solar gets funding from Venture Catalysts

January 2020

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, […]

SunEdison’s rooftop solar subsidiary acquires Sherisha Solar

January 2020

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 […]

IFC to lend $36 million to Mahindra Renewables

January 2020

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 […]

Sembcorp to acquire remaining 6 per cent stake in SEIL

December 2019

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 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 […]

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