Financema Solar

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Emeren’s Q1 Revenue Surges 271% YoY on High Income from IPP and EPC Businesses

Utility-scale solar and battery storage projects developer Emeren Group’s revenue grew by 271% year-over-year (YoY) to $13 million in the first quarter (Q1) of the...

June 5, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Investments in the Indian Solar Sector Declined 171% YoY to $1.03 billion in Q1

Investments in the Indian solar sector in the first quarter (Q1) of the calendar year 2023 totaled $1.03 billion (~₹85 billion), a 171% year-over-year (YoY) decrease...

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CleanMax Secures $360 Million Funding to Expand its C&I Segment Portfolio

Mumbai-based renewable energy company CleanMax Enviro Energy Solutions (CleanMax) has successfully concluded an equity fund raise of approximately $360 million from...

June 1, 2023

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Gautamee Hazarika

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C&I

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Finance and M&A

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Solar
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Canadian Solar Subsidiary Announces IPO Pricing on Shanghai Bourse

Canadian Solar, a solar module manufacturer headquartered in Canada, has revealed the pricing for the shares of CSI Solar, its majority-owned subsidiary, as part of its...

June 1, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Iberdrola, Norges Bank Ink $1.3 Billion Deal to Develop 1.26 GW Renewables

Spain-based independent power producer Iberdrola and the sovereign fund of Norway, managed by Norges Bank Investment Management, have committed to a joint investment of...

June 1, 2023

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Arjun Joshi

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Finance and M&A

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Solar

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Wind
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Project Finance Brief: Clearstone Energy Sells 107 MW BESS Project

From: Mercom Capital Group Clearstone Energy, a solar and battery energy storage projects developer, announced the sale of two Battery Energy Storage System projects in...

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Funding and M&A Roundup: SUSI Partners Buys Majority Stake in Encore Renewable Energy

From: Mercom Capital Group SUSI Partners, a Swiss-based investment manager, through its flagship Energy Transition Fund (SETF), has acquired a controlling interest in U....

May 31, 2023

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Staff

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Finance and M&A

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Solar
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Jinko Solar to Sell Unit for $622 Million to Enhance Operational Efficiency

Chinese solar cell and module manufacturer Jinko Solar has announced that its majority-owned subsidiary, Jiangxi Jinko, has entered into an agreement for the sale of its...

May 25, 2023

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Gautamee Hazarika

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Finance and M&A

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Solar
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Jinko Solar’s Subsidiary to Build 56 GW Integrated Solar Manufacturing Unit

Jinko Solar’s majority-owned subsidiary, Jiangxi Jinko Solar, has proposed plans for production lines with an annual capacity of 56 GW to manufacture monocrystalline...

May 24, 2023

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Gautamee Hazarika

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Finance and M&A

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Manufacturing

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Solar
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Project Finance Brief: EE North America Sells 350 MW Solar Project in Texas

From: Mercom Capital Group EE North America, a subsidiary of European Energy, a solar and wind project developer, agreed to sell a 350 MW utility-scale solar project in...

May 24, 2023

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Staff

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Finance and M&A

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Solar
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Enel to Build a $1 Billion Solar Cell and Module Factory in Oklahoma

Electric Utility Enel North America, through its affiliate 3Sun USA, will construct a 3 GW large-scale solar module manufacturing facility in Oklahoma. Estimated to cost...

May 22, 2023

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Arjun Joshi

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Finance and M&A

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Manufacturing

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Solar
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Residential Solar Firm Suntuity to Go Public Via $190 Million SPAC Deal

Suntuity Renewables, a U.S.-based residential solar company, has reached a $190 million business combination deal with Beard Energy Transition Acquisition Corp., a...

May 22, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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Project Finance Brief: Pivot Energy Secures $203 Million for Solar Projects

From: Mercom Capital Group Pivot Energy, a solar provider that develops, finances, builds, owns, and manages solar and energy storage projects, secured a $203 million...

May 17, 2023

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Staff

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Finance and M&A

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Solar
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First Solar Acquires Sweden-Based Perovskite Firm Evolar

U.S.-based solar module manufacturer First Solar has acquired Evolar AB, a Sweden-based company focused on perovskite technology, for an initial payment of around $38...

May 16, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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IndiGrid to Acquire Virescent Renewable Energy Trust for ₹40 Billion

Renewables-focused infrastructure investment trust (InvIT) Virescent Renewable Energy Trust (VRET) said it has signed definitive agreements under which IndiGrid will...

May 15, 2023

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Gourav Mishra

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Finance and M&A

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Solar

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