Finance and M&A
Solar tracker manufacturer Array Technologies swung to profit in the third quarter (Q3) of 2022 on the back of strong growth in sales volume and prices. The company’s...
From: Mercom Capital Group Allianz Capital Partners, an asset manager, acquired the 147 MW Galloway 2 Solar Project from Avantus (formerly 8minute), an independent solar...
Adani New Industries (ANIL) Ecosystem, a wholly-owned subsidiary of Adani Enterprises, posted revenue of ₹6.13 billion (~$74.77 million) in the second quarter (Q2) of...
Munich-based chemical conglomerate Wacker Chemie AG’s third quarter (Q3) net income came in at €259 million (~$258.5 million), down 2.2% year-over-year (YoY) due to...
Mumbai-based rooftop solar start-up SolarSquare has raised ₹1 billion ($12.8 million) as part of its series A funding round led by Elevation Capital and U.S.-based...
The Rewa Ultra Mega Solar Limited’s (RUMSL) tender to develop 300 MW of floating solar projects (Phase II) at the Omkareshwar reservoir in Madhya Pradesh has been...
From: Mercom Capital Group GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a portfolio of storage...
Tata Power reported a profit of ₹18.19 billion (~$220.89 million) in 1H FY 2023, registering a growth of 87% over the same period a year ago. For Q2 FY 2023, profit...
Bhutan is set to get its first utility-scale solar photovoltaic (PV) power project, with the Asian Development Bank (ADB) approving financing of $18.26 million for its...
France-based energy firm ENGIE has acquired a 6 GW portfolio of solar, paired storage, and standalone battery storage capacity from Belltown Power to add to its...
SJVN Green Energy, a wholly-owned subsidiary of SJVN, has signed a memorandum of understanding (MoU) with the Assam Power Distribution Company (APDCL) to invest ₹60...
Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector in the first nine months (9M) 2022 stood at $18.7...
From: Mercom Capital Group Yellow Door Energy (YDE), a UAE-based solar developer, announced the closing of $400 million equity to continue its development of sustainable...
ClimateRock, a special purpose acquisition (SPAC) and investment firm, and Eco Energy World (EEW), an independent global developer of utility-scale solar photovoltaic...
Orb Energy, a vertically integrated provider of solar energy solutions in India, announced it had received a $20 million follow-on loan for a tenor of up to 10 years...
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