India: Suzlon to sell 49% stake in SPV to Canada’s AMP Solar


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 »

Hindustan Clean Energy gets $130m from Farallon Capital, BofAML

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 »

Thailand: SOLAR forms JV for Tesco project; WAVE to exit energy unit

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 »

India: Suzlon buys five firms for solar operations

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 »