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ADB Backs Sunseap to Build Cambodia’s First Large-Scale Solar Farm

The Asian Development Bank (ADB) has backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with Electricité Du Cambodge (EDC). ADB’s Private Sector Operations Department (PSOD) will provide Sunseap Asset (Cambodia) with a debt financing package of $9.2 million. The package includes cofinancing from a private sector financial […]

Foreign investors giving M&A deals in India’s renewable energy sector a miss

Foreign strategic investors have largely stayed away from the flurry of deal-making in India’s renewable energy sector, preferring instead to build from the ground up. Out of the $2.32 billion worth of mergers and acquisitions (M&As) in India’s renewable energy sector in the last 15 months, foreign companies have bought assets worth just $290.6 million, while […]

CANADIAN SOLAR SECURES PROJECT FINANCING FROM PRUDENTIAL CAPITAL GROUP AND U.S. BANK

Canadian Solar Inc., one of the world’s largest solar power companies, recently announced that it has secured financing for its 92 MWp IS-42 solar power project near Fayetteville, North Carolina. The financing is in the form of a debt facility with Prudential Capital Group and a tax equity investment commitment from U.S. Bancorp Community Development […]

CP Rail, Home Capital, Transalta Renewables

Securities analysts revised their ratings and price targets on several Canadian companies, including Canadian Pacific Railway, Home Capital Group and Transalta Renewables, on Thursday. HIGHLIGHTS * Canadian Pacific Railway Ltd : Desjardins raises target price to C$232 from C$221 * Home Capital Group : Raymond James cuts to market perform from outperform * Sleep Country […]

Foreign investors giving M&A deals in India’s renewable energy sector a miss

Foreign strategic investors have largely stayed away from the flurry of deal-making in India’s renewable energy sector, preferring instead to build from the ground up. Out of the $2.32 billion worth of mergers and acquisitions (M&As) in India’s renewable energy sector in the last 15 months, foreign companies have bought assets worth just $290.6 million, while […]

GE Completes Acquisition of LM Wind Power

GE the world’s leading Digital Industrial company, announced today that it has completed the acquisition of LM Wind Power, a Denmark-based technology developer and manufacturer of rotor blades to the wind industry. The completion of the transaction follows regulatory approval in the European Union, the United States, China, and Brazil. GE reached an agreement with the […]