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CESC Buys Majority Shares in Purvah Power for $24 Million

Kolkata-based power utility Calcutta Electric Supply Corporation (CESC) has acquired a 63.91% equity stake in Purvah Green Power at the cost of ₹2.05 billion (~$24.48...

August 1, 2024

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Staff

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Finance and M&A

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Solar
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Hero MotoCorp Increases Stake in EV Firm Ather by 2.2%

Hero MotoCorp has increased its stake in electric mobility firm Ather Energy by 2.2% by purchasing shares worth ₹1.24 billion (~$14.85 million). The indicative period...

June 11, 2024

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Staff

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Electric Vehicles
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KPI Green To Acquire Majority Stake in Solar Developer KPark Sunbeat for ₹1.26 Billion

Renewable energy solutions provider KPI Green Energy is acquiring a 99.9% equity stake in solar power developer KPark Sunbeat for a consideration of ₹1.26 billion (~$15....

October 12, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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Government to Sell Up to 4.9% Stake in SJVN

The Indian government is set to divest up to 4.92% of its stake in the state-owned power company SJVN through an Offer for Sale (OFS). The floor price for this stake has...

September 21, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Canadian Solar Subsidiary Announces IPO Pricing on Shanghai Bourse

Canadian Solar, a solar module manufacturer headquartered in Canada, has revealed the pricing for the shares of CSI Solar, its majority-owned subsidiary, as part of its...

June 1, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Finance Ministry Invites Bids from Merchant Bankers for IREDA IPO

The Ministry of Finance’s Department of Investment and Public Asset Management has invited bids from book-running lead managers (BRLMs) to help list the...

April 27, 2023

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Tata Power Renewable Approves Sale of 200 Million Shares to GreenForest

Tata Power Renewable Energy (TPREL), a fully owned subsidiary of Tata Power, has approved the allotment of 200 million compulsorily convertible preference shares to...

March 1, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Solar Tracker Firm NEXtracker Raises $638 Million in IPO

Integrated solar tracker and software solutions firm NEXtracker, a subsidiary of diversified manufacturing company Flex, has raised $638 million in an initial public...

February 10, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Suzlon Sells Balance Stake in Subsidiary Vayudoot Solarfarms for ₹142.3 Million

Wind turbine maker Suzlon has approved the sale of its remaining stake of 51.05% in the subsidiary Vayudoot Solarfarms to Ahmedabad-based Aries Renewables on December 3,...

December 6, 2022

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Gourav Mishra

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Finance and M&A

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Wind
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Wind Turbine Manufacturer Suzlon to Raise ₹12 Billion Through Rights Issue

India-based wind turbine manufacturer Suzlon Energy hopes to raise ₹12 billion (~$147.09 million) through a right issue of 2.4 billion company shares. The shares with a...

September 26, 2022

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Arjun Joshi

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Finance and M&A

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Other

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Wind
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Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

A wholly-owned subsidiary of Tata Power, Tata Power Renewable Energy Limited (TPREL), has approved the allotment of 83.6 million equity shares with a face value of ₹10...

August 19, 2022

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Gourav Mishra

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Finance and M&A

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Other
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Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant

Kolkata-based solar cells and modules manufacturer Websol Energy System has approved the issue of 23,80,000 equity shares of ₹10 (~$0.126) each at an issue price of ₹105...

July 1, 2022

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Gourav Mishra

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Manufacturing

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Solar
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EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings in ₹501.6 Million

Altigreen Propulsion Labs, a Bangalore-based commercial electric vehicle (EV) manufacturer, announced that it has raised ₹3 billion (~$40 million) in a Series A funding...

February 11, 2022

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Harsh Shukla

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Electric Vehicles

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Grid
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NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy, a U.S.-based energy company, has reported a net income of $3.57 billion for 2021, a 22% year-over-year increase compared to $2.91 billion last year. Its...

February 2, 2022

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Harsh Shukla

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Finance and M&A

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Other
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Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance New Energy Solar, the green energy arm of Reliance Industries Limited (RIL), has offered ₹375 (~$5)/share to acquire 49.14 million equity shares of Sterling and...

October 27, 2021

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Harsh Shukla

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Finance and M&A

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Solar

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