Business & Finance

Need long-term visibility, investment in renewables

January 23, 2019 Anand Gupta

Steps need to be taken to make renewable energy financially sustainable and more centric to the power situation, experts said. “The most important thing for us is the continuity of policies,” said Sumant Sinha, chairman, ReNew Power. “The path that needs to be taken is very clear. The only concern is that returns have gone […]

Business & Finance

Abu Dhabi’s Masdar eyes Hero Energy stake

January 23, 2019 Anand Gupta

Mumbai: Abu Dhabi’s Masdar Clean Energy has entered into exclusive talks to acquire a 30-35% stake in Hero Future Energies. The renewable energy arm of the Munjal family’s Hero Group has been looking for a strategic investor to back the company’s expansion into global markets. It targets raising $300-350 million from the stake sale, two […]

Business & Finance

Mainstream Renewable Power Secures €90 Million Trade Finance Facility

January 17, 2019 Anand Gupta

DUBLIN: New corporate debt facility will accelerate international growth Mainstream Renewable Power, the leading global developer of wind and solar power plants, has today announced the closure of a new €90 million Trade Finance Facility with DNB and HSBC. The agreement represents one of the largest corporate debt raises in Mainstream’s history and will be […]

Business & Finance

Leap Green looks for funding partners in China, Japan

January 14, 2019 Anand Gupta

Leap Green’s effort to raise funds comes at a time when the renewable energy space is seeing consolidation New Delhi: Japan’s Daiwa Securities Group Inc. has been hired by Leap Green Energy Pvt. Ltd, promoted by the family of former Formula 1 driver Narain Karthikeyan, to raise funds from China, Japan and South Asian countries […]

Business & Finance

World Bank to provide $100 million for Sindh Solar Energy Project

January 12, 2019 Anand Gupta

ISLAMABAD: The Pakistan government and World Bank have signed a financing agreement worth US$100 million for Sindh Solar Energy Project to increase solar power generation and access to electricity in the province. The project will support deployment of solar power in Sindh spanning three market segments: utility scale, distributed generation, and households. Utility-scale solar includes […]

Business & Finance

Orsted Diversifies From Offshore Wind With 20MW UK Battery

January 11, 2019 Anand Gupta

The wind giant’s strategic expansion into energy storage is more about the future than the present. Danish energy giant Ørsted has added energy storage to its global clean energy arsenal. The company activated its first large-scale battery in Liverpool in late December. The 20 megawatt Carnegie Road project inaugurates a new business line for the […]

Business & Finance

CANADIAN SOLAR DELIVERED 2.6 GW OF HIGH EFFICIENCY ANTI-LETID PERC SOLAR MODULES WORLDWIDE

January 10, 2019 Anand Gupta

GUELPH, Ontario: Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced the company has shipped accumulatively 2.6 GW of high efficiency anti-LeTID PERC solar modules worldwide as of December 31st, 2018. This represents a significant milestone in Canadian Solar’s continuous efforts in developing and […]

Business & Finance

CANADIAN SOLAR COMPLETES THE SALE OF 18 MWP SOLAR POWER PROJECTS IN CHILE

January 7, 2019 Anand Gupta

GUELPH, Ontario: Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced it has completed the sale of its 18 MWp portfolio of PMGD solar power projects in Chile to Sonnedix. The transaction was closed in December 2018 and the Company expects to recognize the majority of the […]

Business & Finance

BSES Delhi discoms ink deal to procure 200 MW wind power at low rate

January 4, 2019 Anand Gupta

Announcing a successful effort for a cleaner enviroment, Delhi electricity distribution company (discom) BSES on Thursday said it has signed a power sale agreement with the Solar Energy Corporation of India (SECI) to procure 200 MW at competitive rates. In a statement, BSES said that sister discoms BSES Rajdjani Power Ltd (BRPL) and BSES Yamuna […]

Business & Finance

Morgan Stanley Infra looks to divest stake in Continuum

January 4, 2019 Anand Gupta

Morgan Stanley Infrastructure Partners has hired investment bank Moelis to find a buyer for its $212 million stake in wind energy firm Continuum Morgan Stanley Infrastructure Partners has hired investment bank Moelis to sell its stake in Indian wind energy platform Continuum Wind Energy, two people aware of the matter said. The company, which manages […]