Business & Finance

France’s Total to acquire 20% stake in Adani Green

In 2018, Total had acquired a 37.4 percent stake in Adani Gas Limited and 50 percent stake in its subsidiary Dhamra LNG project. French oil major Total SE will acquire a 20 percent stake in Adani Green Energy Limited (AGEL). In a press release, the Gautam Adani-backed company said that Adani Promoter Group will sell […]

Tigo’s Rapid Shutdown Solutions featured in Solar Energy International’s Safety Installation Training

Business & Finance

Tigo Energy Raises $20 Million in Funding

January 18, 2021 Anand Gupta

Investment Will Bolster Customer Experience and Fund Market Expansion Campbell, Calif., United States: Tigo Energy, Inc., the worldwide leader in Flex-MLPE (Module Level Power Electronics) today announced a $20 million round of investment, led by Energy Growth Momentum. “2020 has been a breakout year for Tigo and 2021 has the potential for even greater success,” stated […]

Mitsubishi Heavy looks beyond solar and wind in clean energy push

Business & Finance

Naturgy to invest up to $1.8 bln in U.S. after $57 mln acquisition

January 15, 2021 Anand Gupta

Naturgy plans to make the investments over a five-year period, it said, as it announced the acquisition of Hamel Renewables LLC in a transaction that valued the firm at $57 million MADRID: Spanish power company Naturgy plans to invest up to $1.8 billion in the United States after making its first push into the U.S. […]

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Business & Finance

Plus Renewables and 424 Capital Enter into a Merger Agreement for Asset Management Businesses in North America

January 13, 2021 Anand Gupta

Hong Kong: Plus Renewable Technologies Limited (“Plus Renewable”) today announced that its subsidiary, SP Energy (USA) One LLC (“SP Energy”), the parent company of Radian Generation LLC (“Radian”) has entered into a merger agreement with a subsidiary of 424 Capital (“424”). The business will operate under the name of Radian Generation LLC. This partnership will […]

Business & Finance

Sterlite Power successfully raises Rs 200 cr from Allianz Global Investors

January 11, 2021 Anand Gupta

Mumbai: Sterlite Power, a leading global power transmission player, on Monday said that it has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) – one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI […]

Allen & Overy advises innovative financing of a USD-linked PPA solar project in Brazil

Business & Finance

Carlyle Makes $374 Million Commitment to Renewable Developer Amp

January 7, 2021 Anand Gupta

Carlyle Group Inc. has committed $374 million in equity capital to Amp Solar Group Inc., a Canada-based global renewables developer. The investment is intended to spur growth in North America, Japan, Australia, Iberia and the U.K., according to a statement. Terms of the deal weren’t disclosed. The investment comes as more countries prioritize clean electricity […]

Ascent Solar Completes Shipment of its First Ultralight Thin-Film Modules for High-Altitude Airship Applications

Business & Finance

Ascent Solar Completes Tranche 2 of the Series 1A Preferred Stock Placement

January 7, 2021 Anand Gupta

THORNTON, CO: Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announces the completion of Tranche 2 of the Series 1A Preferred Stock. On September 22, 2020, the Company entered into a securities purchase agreement (“Series 1A SPA”) with Crowdex Investment LLC, a private investor […]

Larsen & Toubro Signs Agreements with Schneider Electric to Divest Electrical & Automation Business for ₹ 14,000 Crore

Business & Finance

Larsen & Toubro wins significant contracts in domestic and overseas markets

January 7, 2021 Anand Gupta

The company did not specify the exact value of the contracts but as per L&T specification, a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. NEW DELHI: Larsen & Toubro (L&T) on Friday said its construction arm has won significant contracts in domestic and overseas markets. However, the company did not specify […]

Business & Finance

Goldman-Backed Renew Mulls Listing Its Shares to Fund Growth

January 7, 2021 Anand Gupta

ReNew Power Pvt., India’s largest renewable energy company, is looking at an overseas listing of shares to raise funds as it invests in growth for the coming decade. “As far as our own IPO plans are concerned, it’s something we are certainly evaluating and at an appropriate time we will certainly look at going […]

Business & Finance

Update on GIC Private Limited’s Php 20bn Investment in AC Energy Philippines

January 6, 2021 Anand Gupta

On 30 December 2020, AC Energy Philippines (PSE: ACEN) and its parent company, AC Energy and Infrastructure Corporation (“AC Energy”; formerly, AC Energy, Inc.), signed an Investment Agreement with Arran Investment Pte Ltd, an affiliate of GIC Private Limited (“GIC”), for GIC’s acquisition of an effective 17.5% ownership stake in ACEN (the “Investment”). The ACEN […]