Finance

Renesola Secures USD 12 Million Financing for 19 MW Solar Project

ReneSola has successfully closed a bridge financing with Eiffel Energy Transition Fund to finance the construction of its 19 MW solar project in Poland. ReneSola Ltd, a leading fully-integrated solar project developer has announced that it has successfully closed a bridge financing with Eiffel Energy Transition Fund to finance the construction of ReneSola Power’s 19 […]

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EV Startup Simple Energy in Talks to Raise Over Rs 7.5 Crore

Bengaluru-based EV startup Simple Energy is in talks with angel investors to raise up to USD 1 million (about Rs 7.5 crore), founder Suhas Rajkumar has said Bengaluru-based electric vehicle (EV) startup Simple Energy is in talks with angel investors to raise up to USD 1 million (about Rs 7.5 crore), its founder Suhas Rajkumar […]

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Shell & Total Still Investing Much More in Fossil Fuels Than RE: IEEFA

While Shell and Total are shifting towards RE technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report While Shell and Total are shifting towards renewable energy (RE) technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report from […]

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Discoms’ Revenues to Fall 13.1% With Decline in Power Demand: Report

According to a new report, power demand is expected to decline by around 8% in current fiscal and is likely to result in a 13.1 percent YoY decline in revenues of Discoms. Power demand is expected to decline by around 8 percent in current fiscal due to the steep fall in demand from commercial and […]

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Iberdrola Improves bid for Infigen Takeover to €552.8 Million

Iberdrola has announced that after its conditions were met by Infigen stakeholders, it has now upped its takeover bid for the firm to ~ EUR 552.8 million. Spanish energy conglomerate Iberdrola has announced that after its conditions were met by further acceptance of the takeover bid by shareholders of Australian renewable energy firm Infigen Energy, […]

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Fourth Partner Energy Raises Rs 112 Cr From Zurich-Based responsAbility

Fourth Partner Energy (FPE) has announced that it has raised roughly Rs 112 crore in debt funding from Zurich-based asset manager responsAbility. Hyderbad-based clean energy firm Fourth Partner Energy (FPE) has announced that it has raised roughly Rs 112 crore (USD 15 million) in debt funding from Zurich-based asset manager responsAbility. The latest infusion is […]

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Engie and EDPR JV ‘Ocean Winds’ is Officially Launched

ENGIE and EDPR have announced the creation of Ocean Winds, a JV equally controlled by both companies in the floating and fixed offshore wind energy sector. ENGIE and EDP Renováveis (EDPR) have announced the creation of Ocean Winds (OW), a joint venture (JV) equally controlled by both companies in the floating and fixed offshore wind […]

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Ecoppia Gets $40 Mn Strategic Investment From CIM Group

Ecoppia, the pioneer and world leader in robotic solutions for PV solar, has announced a USD 40 million strategic investment in the company by CIM Group.   Ecoppia, the pioneer and world leader in robotic solutions for photovoltaic solar equipment, has announced a USD 40 million strategic investment in the company by CIM Group. The […]

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CIT Leads Financing for 108 MW Solar Project in North Carolina

The CIT Group’s Power and Energy unit served as lead arranger on a USD 126 million financing for the 108 MW Trent River Solar project in North Carolina. The CIT Group has announced that its Power and Energy unit served as lead arranger on a USD 126 million financing for the 108 MWdc Trent River solar project […]

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