Business & Finance

ADB, Tonga Sign Grant Agreement to Develop Renewable Energy

September 14, 2019 Anand Gupta

MANILA, PHILIPPINES: Three grant agreements that will fund the development and implementation of renewable energy projects in Tonga, which will enhance the country’s energy security and reduce carbon emissions, were signed today. The agreements for the $44.6 million in total grants provided by the Asian Development Bank (ADB), the Green Climate Fund (GCF), and the […]

Business & Finance

Adani Transmission to raise up to $1 billion through bond sale

September 13, 2019 Anand Gupta

Power transmission firm to use funds raised from overseas dollar-denominated bonds to repay debt The proposed bond offering could be launched after the September quarter results Power transmission and distribution company Adani Transmission Ltd is looking to raise $750 million to $1 billion by selling overseas dollar-denominated bonds, said two people aware of the development, […]

Business & Finance

Esdec Acquires IronRidge and Quick Mount PV

September 11, 2019 Anand Gupta

Acquisition creates largest solar racking group in the U.S. SAN FRANCISCO and PHOENIX: Esdec, a leading global rooftop solar mounting solutions provider, announced today that it has acquired IronRidge and Quick Mount PV, leaders in the design, engineering and manufacturing of solar mounting and racking hardware for the U.S. residential and commercial markets. The addition […]

Business & Finance

Azure Power Solar Energy to hold roadshows for issue of dollar bonds

September 10, 2019 Anand Gupta

Azure Power Solar Energy will hold roadshows from Tuesday for its proposed dollar bonds issuance through which the firm hopes to raise close to $350 million, sources in the know said. The bonds will be “144A/Reg S”, indicating US investors also likely to take part in the issue. The notes will have a tenor of […]

Business & Finance

Statkraft front-runner in race for Continuum Wind Energy

September 9, 2019 Anand Gupta

Morgan Stanley Infra Partners-owned biz has more than 700MW of operational assets In 2015, SunEdison Inc. had entered into an agreement to acquire Continuum Wind. MUMBAI : Norway’s state utility Statkraft has emerged on top in the race for Continuum Wind Energy, a wind energy platform owned by Morgan Stanley Infrastructure Partners, said two people […]

Business & Finance

Making a case for green bonds

September 9, 2019 Anand Gupta

Set up a Green Investment Trust to fund green infrastructure projects in India. The Earth Summit (Brazil, 1992) brought a paradigm shift in our concept of development with the recognition that environment and economic policies must work in tandem to improve the quality of life. One of the ways to incentivise sustainable development is through […]

Business & Finance

Azure Power Operational and Financial Update

September 9, 2019 Anand Gupta

EBENE, Mauritius: Azure Power Global Limited (NYSE: AZRE) (the “Company”), a leading independent solar power producer in India, today announced certain operational and financial updates. Please refer to the investors section of the Company’s website at http://investors.azurepower.com/press-releases/ for more information. This is not an offer to sell or purchase nor the solicitation of an offer […]

Business & Finance

India Ratings for Indian debt instruments – Sep 5

September 6, 2019 Anand Gupta

Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of September 4, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- Canara Bank CDs IND A1+ 300 Affirmed Gujarat Co-Operative Milk CP […]

Business & Finance

SunSystem Technology Acquires Solar Operations and Maintenance Provider, Power Overhaul

September 6, 2019 Anand Gupta

SACRAMENTO, Calif.: SunSystem Technology (SST) announced today that the company has acquired New Jersey-based operations and maintenance (O&M) provider, Power Overhaul. The transaction will unify the operations and field technicians of both companies, providing additional resources to partners, solar site owners, and portfolio owners. The deal solidifies SST as the nation’s largest 3rd party residential […]

Business & Finance

Bosch And Hanwha Have Invested Over $230 Million In Nikola

September 6, 2019 Anand Gupta

PHOENIX: As part of its ongoing fundraising effort, Nikola Corporation (NEE-KO-LA) is proud to announce two strategic investors from its prior funding rounds. Bosch and Hanwha have each invested at least $100 million, totaling $230 million. Earlier this week, Nikola announced the lead investor, CNH Industrial, as part of its $1 billion Series D fundraising […]