Solar Energy Finance News

Jinko Solar Ships 18.21 GW Of Modules in H1 2022

Jinko Solar has released its performance report for the first half of 2022. According to the report, the company’s performance improved significantly year over year in the first half of 2022, with operating revenue of 33.407 billion, up 112.44%; net profit attributable to shareholders of listed companies of 905 million, up 60.14%; and operating cash […]

Read more

E-bike Start-up Ultraviolette Automotive Raises Series D Round Funding

Ultraviolette Automotive, an electric bike manufacturer supported by TVS Motors, has announced that it has secured finance from Exor Capital, which was for an unknown sum. The latest investment, which comes before the country introduces the company’s fast e-bike F77, is claimed to be a part of the current Series-D round of fundraising led by […]

Read more

Avaada Group Signs MoU with Rajasthan Govt for Green Ammonia Plant

Avaada Group, a Noida-based integrated energy enterprise, signed a Memorandum of Understanding with the Department of Industries and Commerce, Government of Rajasthan, on August 24. Through this collaboration, Avaada Group will set up a green ammonia facility and a renewable energy power plant in Kota, Rajasthan. According to the company, the MoU signed as part of […]

Read more

IREDA Inks MoU with Bank of India for Co-Lending for RE Projects

To facilitate co-lending, co-origination, and loan syndication for renewable energy projects, The Bank of India (BoI) and the Indian Renewable Energy Development Agency Limited (IREDA) inks MoU (Memorandum of Understanding). IREDA is one of the earliest and largest renewables-focused financial institutions. The MoU will enable cooperation between IREDA and BoI on renewable energy initiatives including […]

Read more

German Financial Services Provider ALH Group Acquires 16 Solar Farms From EnBW

Germany-headquartered financial services provider, Alte Leipziger Hallesche (ALH Group) has revealed that it is indirectly acquiring 49.9% of a portfolio of sixteen solar farms with a combined capacity of 597 MW belonging to Energie Baden-Wurttemberg AG (EnBW). As per the agreement, Weesow, Gottesgabe, and Alttrebbin solar projects are also part of the portfolio. The company […]

Read more

Solar Investment Fund SolRiver Capital Invests In Korsail Energy

US-based solar developer, Korsail Energy has announced recently that the company has  received a significant development finance commitment from the US-based renewable energy investment fund SolRiver Capital. According to Korsail, the company will complete its 2 GW worth of solar and storage projects with the help of this investment. Korsail Energy said, “With the help […]

Read more

Bangladesh’s IDCOL Raises €80 Million From Germany’s Bank For RE Program

Infrastructure Development Co. (IDCOL), a Bangladeshi state infrastructure investor, has received a loan of €80 million ($81.4 million) from Germany’s KfW Development Bank to assist enterprises in installing solar plants and solar irrigation pumps. The KfW will sponsor the “Renewable Energy Programme II” project. The interest rate and other terms and conditions are currently being […]

Read more

Torrent Power Q1 FY23: Profit Sees Two-Fold Surge

Leading Ahmedabad-based power player Torrent Power Limited has released its Q1 FY-23 results. For the April to June quarter (Q1) of the current financial year, the company’s consolidated net profit increased by more than 140% to Rs 502.01 crore from Rs 207.78 crore in the equivalent quarter of the previous financial year 2021–22. The revenue […]

Read more