AddEnergie Technologies Inc. (AddEnergie) is pleased to announce the first closing of its Series C financing round. The total commitments from this $53 million financing plan will enable the company to pursue its ambitious growth strategy and accelerate the expansion of FLO®, its North American electric vehicle (EV) charging network.
Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The country’s debt-ridden discoms are unable to pay off their dues to the generating companies. This has resulted in sharp increase in the sale of operational assets from various large renewable energy generators in the past few months.
Enel Green Power is adding another 220 megawatts of solar generation to its clean energy portfolio in Mexico, with the Magdalena II solar park near the municipalities of Tlaxco and Hueyotlipan, in the state of Tlaxcala. With 550,000 photovoltaic modules, the solar plant is expected to begin operating by the end of 2019, and at full capacity will generate 600 gigawatt-hours of electricity per year. Tlaxcala is a small state in central Mexico, east of Mexico City.
Nine months after filing papers for an Initial Public Offering (IPO) at the New York Stock Exchange (NYSE), India-based Azure Power has finally made the offer public. According to media reports, Azure Power, and its shareholders, will offer a total of 6.82 million shares in the price range of US$21-23 … [continued]
A new foreign investor is looking to enter the Indian renewable energy market with a possible investment in one of the leading solar power developers. According to media reports, Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) plans to acquire a 35% stake in Indian solar power … [continued]
