Funding and M&A

The Funding and M&A deals happening in the Indian Renewable Energy Sector will be continuously updated in the table below.

Date Name of the firm Lendor/Investors’ Name Investment Tpe Amount Other Particulars Financing Terms Investment details
March 31, 2017 State Bank of India European Investment Bank(EIB) Loan Euro 200 Million Towards development of Large Solar Projects
March 30,2017 IREDA World Bank Loan US$100 Million Towards development of Solar Park Infrastructure
March 30,2017 Oriano Solar Samridhi Fund, Private Investment arm of SIDBI Debt and debenture Rs. 20 Crores
March 29, 2017 PowerGrid Corporation of India Asian Development Bank Loan $175 Million Loan towards improvement of Transmission Lines
March 27,2017 Greenko GIC(Singapore) and Abu Dhabi Investment Authority(AIDA) Equity US $ 155 Million(US $ 123.9 M by GIC and $31.1 M by ADIA)
March 23, 2017 NTPC Green Masala Bonds Rs. 2000 Crores 5 Years term; Bullet Repayment after 5 Years @7.375% Per Annum Coupon Listed in Singapore Stock Exchange and London Stock Exchange
Feb 24, 2017 igrenEnergi Broadband Tower KK(Japan) Equity Undisclosed
Feb 22, 2017 Solairedirect IDFC Bank Project Finance Rs. 675 Crores 140 MW Solar project Debt:Equity Ratio of 70:30; 11% interest during the construction phase and 10.5% at the start of commercial operations; 18 year tenor Solar project in Bhadla solar park
Feb 19, 2017 ReNew Power Jera(Japan) Equity $200 Million 10% at a valuation of $2 Billion
Feb 14, 2017 Clean Max Equity International Finance Corporation(IFC) Compulsorily Convertible Debentures $15 Million Towards setting up 250 MW of solar projects
Jan 17, 2017 ReNew Power Asian Development Bank Loan US $390 Million
Jan 5, 2017 Hero Group International Finance Corporation(IFC) Equity US $ 125 Milion
October' 2016 Mahindra Renewables and its subsidiary Mahindra Susten Yes Bank and Aditya Birla Finance Syndicated Loan $31.6 Million 30 MW Solar Project Tandur, Telangana Solar Project
October' 2016 Focal Energy Solar Three Yes Bank and Tata Cleantech Capital Syndicated Loan $18.5 Million 20 MW Solar Project Solar Project in Madhya Pradesh
October' 2016 Haryana Power Corporation National Bank for Agriculture and Rural Development(NABARD) Loan $8.6 Million 10 MW Solar Project Solar Project at Panipal Thermal Power Station, Haryana
October' 2016 Azure Power Stock Exchange IPO Listed in New York Stock Exchange