Adani Green Raises a Yen-Denominated $205 Million Facility to Refinance Debt
Adani Green Energy (AGEL), through its subsidiary Adani Solar Energy AP Six, has raised a project loan facility of ¥27.95 billion (~$205.31 million) to help refinance its debt. The facility ...
Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts
Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage ...
MasTec to Acquire Infrastructure and Energy Alternatives for $1.1 Billion
Renewable energy construction company MasTec is acquiring renewable energy and infrastructure services provider Infrastructure and Energy Alternatives (IEA) for $1.1 billion. MasTec will acquire all of the outstanding shares of IEA ...
Project Finance Brief: Origis Energy Secures $375 Million Credit Facility
From: Mercom Capital Group Origis Energy, a vertically integrated renewable energy platform and a solar project developer, closed a $375 million credit facility for its solar and energy storage development project pipeline. The ...
Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022
Global corporate funding for Battery Storage, Smart Grid, and Energy Efficiency companies in the first quarter (Q1) of 2022 stood at $13.3 billion, according to Mercom’s Q1 2022 Funding and ...
Tata Cleantech Loans ₹4.4 Billion to Sterlite for a Northeastern Transmission Project
Power transmission company Sterlite Power announced the financial closure for its Nangalbibra-Bongaigaon Transmission Project with debt funding of ₹4.4 billion (~$57.19 million) from Tata Cleantech Capital. Sterlite Power had acquired ...
Adani Green Energy Subsidiaries Raise ₹6.12 Billion for Debt Refinancing
Three subsidiaries of Adani Green Energy (AGEL) – Adani Green Energy (UP), Prayatna Developers, and Parampujya Solar Energy have raised ₹6.123 billion (~$82.04 million) by their maiden domestic bond issuance ...
Indian Railway Finance Corporation Raises $500 Million Through Green Notes Issuance
Indian Railway Finance Corporation (IRFC), the financial arm of Indian Railways, has issued $500 million of denominated, senior and unsecured green notes under its $7 billion global medium-term note program ...
ReNew Power Raises $400 Million Through Green Bonds
Indian renewable energy developer ReNew Energy Global announced that its wholly-owned subsidiary, India Clean Energy Holdings, has raised $400 million at 4.5% by issuing senior secured dollar notes. Climate Bonds Initiative ...
Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii
Plus Power, a U.S.-based renewable energy company, said it had closed a credit facility for its 185 MW/565 MWh Kapolei Energy Storage project in Hawaii. The company has signed a ...
Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 2021
Global corporate funding, including venture capital (VC) funding, public market and debt financing for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2021, was ...
Funding and M&A Roundup: Residential Solar Finance Company GoodLeap Raises $800 Million
From: Mercom Capital Group GoodLeap (formerly Loanpal) - a California-based solar loan origination platform that finances solar systems and batteries - announced an investment round of more than $800 million, ...
Funding and M&A Roundup: Solar Leasing Firm Enpal Raises $322 Million
From: Mercom Capital Group Enpal, a German-based solar PV and battery leasing solutions company, secured senior debt commitments of €275 million (~$322 million) from BlackRock, Pricoa Private Capital, and UniCredit. In addition, ...
Solar Developer Nexamp Secures $680 Million in Funding
U.S.-based solar energy company Nexamp has secured $680 million in funding, including $440 million of debt financing and a $240 million equity investment led by Generate Capital. Nexamp provides clean energy access to ...
Project Finance Brief: AES Corporation to Acquire a 195 MW Solar Project in Indiana
From: Mercom Capital Group AES Indiana, a subsidiary of the AES Corporation, is to acquire the Hardy Hills 195 MW solar project in Clinton County, Indiana. Construction on the project ...
Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring
Suzlon Energy Limited has announced a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its ...
Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020
The global corporate funding into the solar sector - including venture capital (VC), private equity (PE), debt financing, and public market financing - increased 24% to $14.5 billion in 2020 ...
AMP Capital and Sterlite Power to Jointly Develop Power Transmission Projects in India
Australia-based investment manager AMP Capital announced that it has established a 50:50 partnership with power transmission infrastructure developer Sterlite Power to develop power transmission projects in India. The two companies ...
Daily News Wrap-Up: Candi Receives $3.16 Million to Scale its Solar Solutions in India
Here are some noteworthy cleantech announcements of the day from around the world: EDFI ElectriFi has invested €2.68 million (~$ 3.16 million) junior debt in Candi, a platform that builds, ...
ReNew Power Raises $325 Million through Overseas Green Bonds
ReNew Power, an Indian independent power producer, has raised around $325 million through overseas green bonds. Green bonds are financial instruments designed to raise money for climate and sustainability-related projects ...
VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3
Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of ...
DISCOM Dues Pile Up Despite Government’s Efforts to Ease Their Financial Burden
Distribution Companies (DISCOMs) owed renewable generators ₹97.25 billion (~$1.31 billion) in overdue payments (excluding dues under dispute) spread across 538 invoices at the end of May 2020, according to data ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19
Investments in the Indian solar industry totaled $970 million (~₹72.9 billion) in the first quarter (Q1) of 2020, according to Mercom’s Q1 2020 India Solar Market Update. Investments were 66% ...
AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million
The African Development Bank (AfDB) recently announced that the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) reached its final equity close target of $59 million (~₹4.17 billion) ...
Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue
ReNew Power Private Limited, a domestic renewable project developer, has raised $450 million (~₹31.96 billion) through a dollar bond issuance. Mercom confirmed the deal with the parties involved. The bonds ...
