Financema Solar

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Soleos Solar Energy Secures $6.5 Million to Accelerate Expansion

Engineering, procurement, and construction firm Soleos Solar Energy has raised ₹485 million (~$6.5 million) in equity funding to drive expansion in India and abroad. The...

May 22, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Project Finance Brief: Catalyze Secures $100 Million for Community Solar Projects

From: Mercom Capital Group Catalyze, a solar and energy storage project developer, secured $100 million in financing from NY Green Bank, a division of the New York State...

May 22, 2024

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Staff

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Finance and M&A

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Solar
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Solar Financing Firm Aerem Acquires Distributor Spinkaft Ventures

Aerem, an Indian solar financing firm, has acquired solar equipment distributor Spinkraft Ventures to create a platform spanning the entire solar energy value chain. The...

May 20, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Nextracker Q4 Net Income Soars 710%, Revenue Up 42% on Robust Demand

Solar tracker firm Nextracker‘s fourth-quarter revenue jumped 42% to $737 million in financial year (FY) 2024 from $518 million last year, reflecting robust demand...

May 16, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Project Finance Brief: BrightNight and Cordelio Secure $414 Million for Solar Project

From: Mercom Capital Group BrightNight, a renewable energy power producer and its joint venture partner Cordelio Power secured a $414 million construction credit...

May 15, 2024

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Staff

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Finance and M&A

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Solar
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Array Technologies Swings to Q1 Loss as Lower Prices Bite

Array Technologies, a utility-scale solar tracker supplier, reported a net loss of $11.3 million in Q1 2024 from a net income of $17.2 million in the same quarter last...

May 10, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Sunrun Narrows Loss in Q1 2024 as Storage Installations Grow 15% YoY

U.S-based solar energy, battery, and storage service provider Sunrun incurred a net loss of $87.8 million in the first quarter (Q1) of 2024 due to the company...

May 10, 2024

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Staff

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Finance and M&A

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Solar
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Inox Wind Maintains Growth Momentum, Records 190% Surge in Q4 Revenue

Wind energy solutions provider Inox Wind reported a profit after tax of ₹376.7 million (~$4.51 million) for the fourth quarter (Q4) of the financial year (FY) 2024 from...

May 7, 2024

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Arjun Joshi

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Finance and M&A

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Wind
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Fortum Exits Indian Solar Market, Evaluates Remaining Operations

Finland-based energy company Fortum said it is exiting the Indian solar power market after signing an agreement to sell its remaining 43.75% stake in a 185 MW solar...

May 3, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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First Solar Q1 Profit Soars 455% on Strong Sales, Improved Margins

U.S.-based First Solar’s net income for the first quarter (Q1) of 2024 surged by 455% to $236.6 million from $42.6 million in the same quarter last year, with the solar...

May 2, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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JinkoSolar’s Q1 Profit Drops 44% as Falling Module Prices Hurt Margins

China-headquartered solar cell and module manufacturer JinkoSolar saw a 44% decline in its first quarter (Q1) profit as decreasing module prices hurt the company’s...

April 30, 2024

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Arshreet Singh

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Finance and M&A
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Project Finance Brief: Origis Secures $136 Million for 75 MW Solar Project

From: Mercom Capital Group Origis Energy, a vertically integrated renewable energy platform and solar project developer, secured a $136 million construction financing...

April 24, 2024

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Staff

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Finance and M&A

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Solar
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IREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 22, 2024

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Gautamee Hazarika

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Finance and M&A

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Solar
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Solar Module Manufacturer Premier Energies Files DRHP for ₹15 Billion IPO

Telangana-based solar cell and module manufacturer Premier Energies has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to...

April 22, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

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