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Finance Ministry Invites Bids from Merchant Bankers for IREDA IPO

The Ministry of Finance’s Department of Investment and Public Asset Management has invited bids from book-running lead managers (BRLMs) to help list the...

April 27, 2023

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Tata Power Renewable Approves Sale of 200 Million Shares to GreenForest

Tata Power Renewable Energy (TPREL), a fully owned subsidiary of Tata Power, has approved the allotment of 200 million compulsorily convertible preference shares to...

March 1, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Solar Tracker Firm NEXtracker Raises $638 Million in IPO

Integrated solar tracker and software solutions firm NEXtracker, a subsidiary of diversified manufacturing company Flex, has raised $638 million in an initial public...

February 10, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Suzlon Sells Balance Stake in Subsidiary Vayudoot Solarfarms for ₹142.3 Million

Wind turbine maker Suzlon has approved the sale of its remaining stake of 51.05% in the subsidiary Vayudoot Solarfarms to Ahmedabad-based Aries Renewables on December 3,...

December 6, 2022

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Gourav Mishra

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Finance and M&A

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Wind
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Wind Turbine Manufacturer Suzlon to Raise ₹12 Billion Through Rights Issue

India-based wind turbine manufacturer Suzlon Energy hopes to raise ₹12 billion (~$147.09 million) through a right issue of 2.4 billion company shares. The shares with a...

September 26, 2022

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Arjun Joshi

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Finance and M&A

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Other

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Wind
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Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

A wholly-owned subsidiary of Tata Power, Tata Power Renewable Energy Limited (TPREL), has approved the allotment of 83.6 million equity shares with a face value of ₹10...

August 19, 2022

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Gourav Mishra

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Finance and M&A

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Other
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Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant

Kolkata-based solar cells and modules manufacturer Websol Energy System has approved the issue of 23,80,000 equity shares of ₹10 (~$0.126) each at an issue price of ₹105...

July 1, 2022

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Gourav Mishra

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Manufacturing

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Solar
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EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings in ₹501.6 Million

Altigreen Propulsion Labs, a Bangalore-based commercial electric vehicle (EV) manufacturer, announced that it has raised ₹3 billion (~$40 million) in a Series A funding...

February 11, 2022

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Harsh Shukla

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Electric Vehicles

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Grid
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NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy, a U.S.-based energy company, has reported a net income of $3.57 billion for 2021, a 22% year-over-year increase compared to $2.91 billion last year. Its...

February 2, 2022

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Harsh Shukla

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Finance and M&A

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Other
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Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance New Energy Solar, the green energy arm of Reliance Industries Limited (RIL), has offered ₹375 (~$5)/share to acquire 49.14 million equity shares of Sterling and...

October 27, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Reliance to Buy 40% Stake in EPC Company Sterling & Wilson Solar

Reliance New Energy Solar Limited (RNESL), the green energy arm of Reliance Industries, has signed an agreement with Shapoorji Pallonji and Company Private Limited...

October 11, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Indian Renewable Energy Company ReNew Power Lists on Nasdaq

Indian independent renewable power producer ReNew Power has been listed on the Nasdaq after completing a business combination with RMG Acquisition Corporation II, a...

August 26, 2021

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Harsh Shukla

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Markets & Policy

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Solar
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String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

Photovoltaic inverter manufacturer Ginlong Technologies (Solis) has recorded a 99.8% year-over-year (YoY) growth to RMB 1.45 billion (~$223.8 million) in the first half...

August 17, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Residential Solar Firm Sunrun’s Total Revenue Surges 121% YoY in Q2 2021

Sunrun, a U.S.-based residential solar, battery storage, and energy services company, has announced financial results for the second quarter (Q2) of the calendar year...

August 9, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Mahindra & Mahindra to Buy Solar from ReNew Power’s 43 MW Open Access Project

Mahindra & Mahindra has announced that it has signed a power purchase agreement with ReNew Sunlight Energy, a subsidiary of ReNew Green Energy Solutions to procure...

July 7, 2021

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Harsh Shukla

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Off-grid

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Solar

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