Japan’s Orix Buys 873 Megawatts Of Wind Capacity In Indian Stressed Asset Sale
The spiraling liquidity crunch and ‘bad loans’ problem in India has forced one of the companies to sell its wind energy assets.
The spiraling liquidity crunch and ‘bad loans’ problem in India has forced one of the companies to sell its wind energy assets.
Following a tepid response to the initial public offering of the world’s largest solar EPC company, the listing has also been disappointing.
The initial public offer of the world’s largest solar EPC company has failed to attract the interest of retail investors in its host country of India.
One of India’s leading private sector power companies is the latest to reportedly consider setting up a yieldco.
Engie Solar, the French utility’s Indian subsidiary, has joined a growing list of Indian project developers looking to sell projects.
One of the world’s leading solar EPC has filed the draft red herring prospectus as part of its initial public offering at Indian bourses. Sterling & Wilson Solar Limited is a subsidiary of the Shapoorji Pallonji Group.
The once ballyhooed yieldcos of now-bankrupt SunEdison, TerraForm Power and TerraForm Global, published their third-quarter earnings earlier this month to mixed response, with lackluster revenue for the quarter leading to both companies posting sharemarket losses.
The fate of SunEdison’s two yieldcos has finally been settled, as Canadian asset management firm Brookfield Asset Management has agreed to assume a controlling stake and assume sponsorship of TerraForm Power, and acquire TerraForm Global.
Total corporate funding in the solar sector throughout 2016 reached $9.1 billion, a 64% decline over funding figures from 2015, according to a new report from Mercom Capital Group.
TerraForm Power, one of SunEdison’s two yieldcos, has announced the sale of its portfolio of UK solar projects representing 365 MW to renewable energy platform, Vortex.