Project Finance Brief: SUNfarming Secures $53 Million for Solar Projects in Poland
From: Mercom Capital Group SUNfarming, a solar project developer and installer through its independent power producer SUN IPP, secured €50 million (~$54 million) to construct 231 MW solar projects in Poland. The ...
Tata Power’s Rooftop Solar Revenue Grows 41% to ₹5.3 Billion in Q3
Tata Power reported a 91% year-over-year (YoY) jump in net profit to ₹10.52 billion (~$127.6 million) for the third quarter (Q3) of the financial year (FY) 2022-2023, primarily due to ...
Indore Municipal Corporation to Raise ₹2.45 Billion Through Green Bonds
In probably a first for an urban local body, the Indore Municipal Corporation is floating a green bond on February 10, 2023, to raise ₹2.45 billion (~$29.5 million ) for ...
Project Finance Brief: Sonnedix Acquires 136 MW Solar Project Portfolio in Spain
From: Mercom Capital Group Sonnedix, an independent power producer, has acquired a 136 MW solar project in Spain from Qualitas Energy, an investment firm focused on renewable energy, energy transition, and sustainability investments ...
London-based Thomas Lloyd Energy Trust Acquires SolarArise
SolarArise, a Delhi-based solar project developer, has announced the completion of its acquisition by Thomas Lloyd Energy Impact Trust, an investment fund listed on the London Stock Exchange. SolarArise has ...
JA Solar to Build $5.9 Billion Polysilicon, Module Cluster in China
Solar module maker JA Solar has signed a strategic cooperation framework agreement with the Ordos Municipal government in China’s inner Mongolia region to build a low-carbon industrial park for the ...
Hecate Energy Secures $550 Million to Support Renewables Expansion
U.S.-based Hecate Energy, a developer of renewable projects and provider of energy storage solutions, closed a five-year $550 million credit facility package, including a $250 million term loan and $300 ...
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas
From: Mercom Capital Group Sol Systems, a solar finance and development company, acquired a 190 MW solar development project in Uvalde County, Texas, from ABEI Energy, an independent power producer. The acquisition was ...
Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects
Lightsource bp, a global utility-scale solar project developer, announced closing a tax equity investment from Wells Fargo and Company for a 481 MW solar project portfolio in the U.S. The ...
Sterling and Wilson’s Q3 Revenue Shrinks 73% YoY to ₹4.18 Billion
The total revenue of Sterling and Wilson Renewable Energy, the solar engineering, procurement, and construction (EPC) arm of Shapoorji Pollonji Group, fell by 73% year-over-year (YoY) to ₹4.18 billion (~$51.5 ...
UAE’s Masdar to Develop 2 GW of Solar Projects in Zambia
Zambia Electricity Supply Corporation (Zesco), a state-owned power utility, signed a memorandum of understanding and joint development agreement with Masdar, the UAE-government-owned renewable energy company, for a capital investment of ...
Cubico Sustainable Investments Acquires 1 GW Solar Project in Brazil
Renewable energy company Cubico Sustainable Investments said it has acquired Project Sobral — a 1 GW solar photovoltaic (PV) project in Brazil -- from ZEG Energias Renováveis (ZEG). It is ...
Loom Solar Raises $2 Million from US-Based Asset Manager
Haryana-based solar technology startup Loom Solar raised $2 million in funding from the U.S.-based asset manager Social Investment Managers and Advisors (SIMA Funds) to support its growth strategy for solar ...
Project Finance Brief: Nautilus Acquires 54 MW Solar Projects in New York
From: Mercom Capital Group Nautilus, a New Jersey-based independent solar power producer, on behalf of its affiliate Nautilus U.S. Power Holdco, announced the acquisition of 54 MW of solar projects ...
Alantra and Solarig Partner to Launch a €1.7 Billion Solar Investment Vehicle
Global financial services firm Alantra has partnered with the utility-scale clean energy project developer Solarig, Switzerland-based Infrastructure asset manager Reichmuth and France-based asset manager Amundi Energy Transition to launch a ...
Solar Companies Raise a Record $7 Billion in Venture Capital Funding in 2022
Global corporate funding for solar companies, including from venture capital, private equity, debt financing, and public markets, amounted to $24.1 billion in 2022, a decrease of 13% year-over-year (YoY). However, ...
Sterlite Power Secures ₹3 Billion Funding for Transmission Project in J&K
Sterlite Power, a power transmission infrastructure developer, has achieved financial closure for its Kishtwar transmission project in Jammu and Kashmir (J&K), by securing debt funding of ₹3.05 billion (~$37.38 million) ...
Sunrun to Expand Assets Using Recently Secured Loan of $835 Million
U.S.-based residential solar company Sunrun closed $835 million in non-recourse financings to expand its assets that will help the company maintain the growth trajectory across various segments in its business, ...
Australia Awards AU$29.5 Million to University for Solar Technology Research
The Australian Renewable Energy Agency (ARENA) has awarded AU$29.5 million (~$19.5 million) to the University of New South Wales’ (UNSW) School of Photovoltaic and Renewable Energy Engineering (SPREE) for research ...
Project Finance Brief: MYTILINEOS Raises $159 Million for Solar Projects
From: Mercom Capital Group MYTILINEOS, a global industrial and energy company, reached financial close with lenders ANZ and Westpac on the non-recourse portfolio financing structured as a combination of term ...
Boralex Acquires 50% Stake in Five Wind Farms with 894 MW Capacity
Renewable energy company Boralex has completed the acquisition of EDF Renewables’ interest in five operating wind farms located in Texas and New Mexico, amounting to 894 MW. EDF Renewables’ interest ...
Welspun to Procure Renewable Power from CleanMax Under Captive Model
Textile company Welspun India has acquired a 26% stake in CleanMax Thanos (CTPL) for ₹38 million (~$458,713) to procure renewable energy through open access under the captive model. The remaining ...
India’s Top Five Renewable Energy Project Funding Deals Announced in 2022 [Infographics]
The renewable energy capacity, including large hydro projects in India, accounted for 40.3% of the overall capacity mix at the end of September 2022, with a 163.7 GW capacity, according ...
India’s Top Five Corporate Funding Deals by Solar Companies in 2022 [Infographics]
Large Indian renewable companies continued attracting various financing types from International investment groups in 2022. Here are the top five corporate funding deals in India during the year: Adani Green ...
Altus Power to Acquire 220 MW of Solar Assets for $293 Million in US
U.S.-based independent developer, owner, and operator of commercial-scale solar projects, Altus Power, entered a definitive agreement to acquire about 220 MW of solar assets for ~$293 million from the funds ...
