Hindustan Clean Energy Ltd (HCEL), the renewable energy arm of Hindustan Power Projects Pvt. Ltd (HPPPL), has raised $130 million in debt funding from US-based hedge fund Farallon Capital Management and Bank of America Merrill Lynch (BofAML), two people aware of the development said. “HPPPL was in talks with the… Read more »
By Shailaja Sharma
Wind turbine maker Suzlon Energy Ltd on Thursday said it would sell a 49% stake in its special purpose vehicle (SPV) Rudra Solarfarms Ltd to Canadian solar firm AMP Solar Group for Rs14 crore, months after signing similar deals with Ostro Energy Pvt. Ltd and CLP India Pvt.Ltd for its… Read more »
UAE International Investors’ Council, which includes 18 UAE entities such as Mubadala Development Co. , DP World, Etisalat, Emma, has shown keen interest to invest in the fund, the council said in a statement on Tuesday.
Thai Solar Energy Pcl (TSE), one of the listed solar companies, has expanded its portfolio by acquiring stakes in two operators of biomass power plants to sustain its revenue growth in the long term.
Thailand-based Solartron Pcl has formed a joint venture with Thai Polycons after it won the bid for a solar rooftop project from Tesco in Thailand. Meanwhile, Wave Entertainment Pcl is looking to exit Thai Solar Energy. SOLAR in JV for Tesco project Thai-listed Solartron Pcl (SOLAR) has formed a joint venture with Thai Polycons Pcl to… Read more »
SunEdison’s India unit is in talks with several investors to attract investment in its projects after the US-based renewable energy giant filed for Chapter 11 bankruptcy protection in its home market
Thailand’s Superblock Pcl has expanded its business through its latest acquisition of WRP Energy. SCI Electric Pcl has teamed up with two partners to set up a joint venture to run the solar power plant turnkey business. Superblock buys 49% stake in solar firm Thai-listed renewable energy firm Superblock Pcl is… Read more »
Thailand’s listed coal mines and power plants operator Banpu Pcl has entered into an agreement to acquire four solar projects in Shandong, China at a total investment of around $93 million.
Wind turbine maker Suzlon Energy Ltd has acquired five companies for an undisclosed sum to help implement its diversification into the solar energy industry, including the execution of its recently won 70 megawatt (MW) solar project in Maharashtra, the company informed the Bombay Stock Exchange on Tuesday. However, Suzlon will… Read more »
The company had raised $ 2 million from Infuse Ventures in September last year; it was previously funded by Chennai Angels along with Seed Capital Assistance Facility and Asian Development Bank.