New Delhi : Sistema.bio has raised USD 15.6 million (about Rs 115 crore) through a Series-B investment round that included a mix of equity, debt and non-dilutive capital. “Sistema.bio announces the close of a Series-B investment round of USD 15.6 MN that included a mix of equity, debt and non-dilutive capital to support the continued […]
Enfinity Global, CarVal Investors Sign USD 300 Million Loan Facility – EQ Mag Pro
Renewable energy solutions platform Enfinity Global and CarVal Investors have entered into a $300 million loan facility to fund Enfinity’s three gigawatts of renewable energy projects. As per the estimates of International Renewable Energy Agency (IRENA), a USD 131 trillion investment will be required to achieve net zero CO2 emissions by 2050. We are very […]
Fitch Rates Cleantech Energy’s Proposed USD Notes First-Time BB-Minus
The rating on notes reflects credit profile of a restricted group of 12 entities (Acme RG1) that are fully owned by Acme Solar Holdings Pvt Ltd Hong Kong : Fitch Ratings has assigned India Cleantech Energy Ltd’s (ICEL’s) proposed US dollar senior secured notes due 2026 an expected rating of BB-minus. The outlook is stable, […]
Adani Green to Buy SB Energy’s 5 GW Renewable Portfolio for USD 3.5 Billion
Ahmedabad: Adani Green Energy Limited (AGEL), signed definitive agreements for the acquisition of 100 per cent interest in SB Energy India on May 19, 2021. Earlier, AGEL owned 80 per cent stakes in SB energy and the remaining 20 per cent was owned by Bharti Group. Reportedly, the transaction is for a fully completed enterprise […]
JSW Hydro Energy to Issue USD Denominated Notes to Raise Funds
JSW Energy announced on May 4, 2021 that its arm JSW Hydro Energy will issue USD denominated notes or green bonds in the overseas market to raise funds. The company hasn’t shared any information about the amount of money to be raised under the issue which is a part of a total notes program of […]
Simple Energy plans to raise USD 15 mn
Mumbai : Bengaluru-based lectric vehicle startup Simple Energy plans to raise USD 15 million (over Rs 112 crore) in funding from domestic and foreign venture capital funds ahead of the launch of its flagship e-scooter Mark 2 mid this year. The Series A funding is expected to be closed by the third quarter of this […]
South African start-up raises $1.4 million in crowd sale of Zimbabwe solar project
Investors were invited to purchase individual solar cells in the project. In exchange, they will earn a rental income in cryptocurrency from the electricity generated. JOHANNESBURG: South African energy start-up Sun Exchange raised $1.4 million in a crowd sale of solar cells of a 1.9 megawatt (MW) solar and battery storage facility at Zimbabwe’s Nhimbe […]
Race for electric vehicles: India plans to ramp up incentives
The Indian government is planning to ramp up incentives to spur electric car manufacturing investments in the country, reports say The year is 2023. A Singapore resident decides to buy a car. Not just any car but the latest electric vehicle (EV) produced by the new gleaming high-tech Hyundai factory in Jurong, an industrial town […]
Tunisia’s latest tender for 70 MW of solar gets even better prices
Tunisia’s Energy Ministry has received 57 proposals in its fourth tender for solar photovoltaic (PV) capacity, the winning bids in which fell as low as TND 0.1149 (USD 0.0399/EUR 0.0337) per kWh, according to preliminary results. The tender round was opened in September 2020 as part of the country’s renewables procurement programme and targeted a […]
Cognizant announces acquisition of ESG Mobility to expand automotive engineering expertise
New Delhi: Tech major Cognizant on Thursday announced the acquisition of Munich, Germany-based ESG Mobility, a digital automotive engineering R&D provider for connected, autonomous and electric vehicles. On completion of the acquisition, nearly 1,000 engineering R and D specialists will join Cognizant in the automotive innovation hubs of Germany, the US and China, the IT […]