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Hero Future Energies secures ₹1,908 crore funding from SBI, Canara Bank for 120 MW Kurnool hybrid project
BusinessLine· 2025-10-06 12:30
Hero Future Energies on Monday said it has secured Rs 1,908 crore in funding from public lenders State Bank of India and Canara Bank.These funds will be utilised for the development and construction of a 120 MW renewable hybrid project at Kurnool in Andhra Pradesh, the company said in a statement.The company has secured funding of Rs 1,908 crore from the State Bank of India (lead) and Canara Bank through SPV Clean Renewable Energy Hybrid Three Private Limited.The project is contracted with SJVN and integra ...
Revolve to Present at 2025 Smallcap Discoveries Conference in Vancouver
Accessnewswire· 2025-09-23 12:00
Core Viewpoint - Revolve Renewable Power Corp. is actively participating in the Annual Smallcap Discoveries Conference, highlighting its recent developments in renewable energy projects [1] Group 1: Company Participation - The conference will take place on September 29-30, 2025, at the Parq Hotel and Casino in Vancouver, British Columbia [1] - CEO Myke Clark is scheduled to present on September 29th at 2:45pm [1] Group 2: Project Developments - The presentation will cover Revolve's recent solar project acquisition in Alberta [1] - It will also address the key project approval for the late-stage Bright Meadows solar project in Alberta [1] - Additionally, the company will discuss utility wind project developments in Mexico and new opportunities in the digital infrastructure sector [1]
ACME Solar secures ₹1,100 cr refinancing from SBI for 300 MW project in Rajasthan
BusinessLine· 2025-09-23 06:19
Core Insights - ACME Solar Holdings has raised ₹1,100 crore in domestic funding from the State Bank of India for its 300 MW renewable energy project in Rajasthan [1] - The refinancing will reduce financing costs by approximately 100 basis points and is secured for a tenure of around 17 years [1] - The company aims to optimize financing costs and strengthen its credit profile through rating upgrades [2] Financial Impact - The reduced cost of debt will enhance ACME Solar's financial position as it plans for significant capacity growth in the coming years [3] - The 300 MW project has an operational track record of about six months with consistent capacity utilization factor (CUF) levels [2] - ACME Solar Holdings has an operational capacity of 2,890 MW across a diversified portfolio that includes solar, wind, storage, and hybrid solutions [3]
Enlight Renewable Energy Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-06 10:05
Core Insights - Enlight Renewable Energy reported strong financial results for Q2 2025, with significant year-over-year growth in revenues and adjusted EBITDA, although net income saw a decline due to foreign exchange impacts and increased expenses [3][6][25]. Financial Performance - For Q2 2025, total revenues and income reached $135 million, a 53% increase from $88 million in Q2 2024 [23]. - For the first half of 2025, total revenues and income were $265 million, up 46% from $182 million in the same period last year [6][23]. - Net income for Q2 2025 was $6 million, down 41% from $9 million in Q2 2024, primarily due to foreign exchange losses and increased financial expenses [25]. - Adjusted EBITDA for Q2 2025 was $96 million, a 57% increase from $61 million in Q2 2024 [26]. Guidance and Future Outlook - The company raised its full-year 2025 revenue guidance to a range of $520-535 million, up from the previous range of $490-510 million, reflecting a 5.5% increase at the midpoint [7][21]. - Adjusted EBITDA guidance for 2025 was also increased to $385-400 million, up 6% at the midpoint from the previous range of $360-380 million [7][21]. Portfolio and Project Development - Enlight's total portfolio now includes 20.0 GW of generation capacity and 53.4 GWh of energy storage, a 17% increase from the end of 2024 [10]. - The company is advancing towards the construction of additional projects, with expectations of reaching an annual revenue run rate of $1.9-2.2 billion by 2028 [8][15]. - New operational projects contributed significantly to revenue growth, with 525 MW and 1,604 MWh of new projects connected to the grid [24]. Market Environment - The recent reconciliation bill is seen as favorable for utility-scale solar and storage segments, providing growth opportunities for companies like Enlight [5]. - The demand for renewable energy generation and energy storage continues to grow in Europe and MENA markets [5].
Montauk Renewables Schedules Second Quarter 2025 Conference Call for Thursday, August 7, 2025, at 8:30 a.m. ET
Globenewswire· 2025-07-24 20:30
Core Points - Montauk Renewables, Inc. will host a conference call and webcast on August 7, 2025, to discuss its financial results for Q2 2025 [1] - The financial results will be released after the close of regular stock market trading hours on the day prior to the conference call [1] - The conference call will include a live Q&A session and will be available for replay after 11:30 a.m. ET on the same day [3] Company Overview - Montauk Renewables, Inc. specializes in the management, recovery, and conversion of biogas into renewable natural gas (RNG) [4] - The company captures methane to prevent its release into the atmosphere and converts it into RNG or renewable electricity for the grid [4] - Headquartered in Pittsburgh, Pennsylvania, Montauk has over 30 years of experience in landfill methane-fueled renewable energy projects and operates 13 projects across several states [4] - The company benefits from Environmental Attribute premiums under federal and state policies that incentivize the use of RNG and renewable electricity [4]
INVL Renewable Energy Fund I company REFI Sun aims to raise up to EUR 15 million in public bond offering
Globenewswire· 2025-07-24 06:30
Core Viewpoint - INVL Renewable Energy Fund I is raising up to EUR 15 million through a bond offering by REFI Sun, targeting retail and institutional investors in the Baltic countries from July 28 to August 15 [1][4]. Group 1: Bond Offering Details - The bonds have a maturity of 2.5 years with a fixed interest rate expected to be between 7.5% and 8.5%, announced upon completion of the offering, and interest will be paid quarterly [2]. - The minimum investment amount for the bond offering is set at EUR 1,000 [4]. - The lead arranger for the bond program is Artea Bank, with participation from Evernord, LHV Pank, and Signet Bank as distribution partners [5]. Group 2: Fund's Investment Strategy - The funds raised will primarily refinance a previous loan and support the construction of solar power plants in Romania and Poland, where the fund sees significant growth potential [3][8]. - The total capacity of projects in development in Poland and Romania is 389 MW, with investments expected to exceed EUR 250 million [8][9]. - As of June 2025, the fund has invested over EUR 90 million in the acquisition and construction of solar projects, with completion expected by the end of 2027 [9]. Group 3: Fund Background and Performance - The INVL Renewable Energy Fund I was established on July 20, 2021, focusing on early- and mid-stage renewable energy projects in the EU and EEA [11]. - The fund has successfully raised EUR 73.9 million from investors through investment units and bonds to date [10]. - In February 2025, the fund's company REFI Energy completed an EUR 8 million bond offering with strong demand, indicating investor confidence in the fund's management [7].
Enlight to Report Second Quarter 2025 Financial Results on Wednesday, August 6, 2025
Globenewswire· 2025-07-16 14:30
Core Viewpoint - Enlight Renewable Energy is set to release its financial results for Q2 2025 on August 6, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be announced before market open on August 6, 2025 [1] - The company will host two conference calls to discuss the financial results and business outlook, one in English and one in Hebrew [2] Group 2: Conference Call Details - The English conference call is scheduled for 8:00 AM Eastern Time / 3:00 PM Israel Time [2] - A Hebrew webcast will take place at 6:00 AM Eastern Time / 1:00 PM Israel Time [3] Group 3: Registration and Access - Participants must pre-register to join the live conference call and webcast [3][4] - The earnings release and additional investor presentation materials will be available on the company's website prior to the calls [4] Group 4: Company Overview - Enlight, founded in 2008, develops, finances, constructs, owns, and operates utility-scale renewable energy projects [4] - The company operates in solar, wind, and energy storage sectors across the U.S., Israel, and 10 European countries [4] - Enlight has been publicly traded on the Tel Aviv Stock Exchange since 2010 and completed its U.S. IPO in 2023 [4]
Enlight Secures Financing for Spain's Largest Hybrid Renewable Energy Project
GlobeNewswire News Room· 2025-06-03 11:45
Core Viewpoint - Enlight Renewable Energy has secured approximately $310 million in financing for the Hybridisation of the Gecama Project in Spain, which will integrate solar and energy storage systems at the country's largest wind farm [1][6][11] Financing Details - The financing consists of two tranches: one for refinancing the Gecama Wind Project and another for the construction of the Hybrid Project, both with a fixed interest rate of approximately 5.1% [6][9] - Over $150 million of the secured debt will be allocated to the construction of the Hybrid Project, which has an estimated total cost of $195–205 million [7][8] Project Overview - The Gecama Hybrid Project will have a total capacity of 554 MW and 220 MWh, providing clean electricity continuously at a competitive generation cost [2][11] - Once operational, the project is expected to generate annual revenues of $95–105 million and EBITDA of $75–80 million [5][11] Strategic Importance - The project aims to enhance Spain's energy storage infrastructure, addressing the pressing need for such systems following recent blackouts [3][11] - Enlight is among the first to deploy utility-scale battery storage at this scale in Spain, which will support peak shifting and provide essential grid services [4][11] Operational Timeline - The solar and storage components are expected to reach commercial operation in the second half of 2026, with anticipated annual revenue increases of $38–40 million and EBITDA of $31–33 million in the first full year [5][11] Market Context - The financing is structured on a merchant basis, allowing the company to sell the project's electricity output on the open market without a long-term Power Purchase Agreement, reflecting confidence in Enlight's management and the economic potential of the Gecama site [9][10]
Enlight to Report First Quarter 2025 Financial Results on Tuesday, May 6, 2025
Newsfilter· 2025-04-17 14:30
Core Viewpoint - Enlight Renewable Energy is set to release its financial results for Q1 2025 on May 6, 2025, before market opening [1] Financial Results Announcement - The financial results will be available before market open on May 6, 2025 [1] - A conference call to discuss the results and business outlook will take place at 8:00 AM ET on the same day [2] Conference Call Details - Participants can join the conference call by pre-registering through a provided link [2] - An archived version of the webcast will be available approximately one hour after the live call [3] Company Overview - Enlight was founded in 2008 and focuses on developing, financing, constructing, owning, and operating utility-scale renewable energy projects [3] - The company operates in solar, wind, and energy storage sectors across the U.S., Israel, and 10 European countries [3] - Enlight has been listed on the Tel Aviv Stock Exchange since 2010 and completed its U.S. IPO in 2023 [3]
Montauk Renewables Schedules Full Year 2024 Conference Call for Thursday, March 13, 2025, at 8:30 a.m. ET
Newsfilter· 2025-03-03 12:00
Core Points - Montauk Renewables, Inc. will host a conference call and webcast on March 13, 2025, at 8:30 a.m. ET to discuss its financial results for the full year ended December 31, 2024 [1] - A press release reporting the financial results will be issued after the close of regular stock market trading hours on the day prior to the conference call [1] - The conference call will include a live Q&A session and will be available for replay after 11:30 a.m. ET on the same day through March 13, 2026 [3] Company Overview - Montauk Renewables, Inc. specializes in the management, recovery, and conversion of biogas into renewable natural gas (RNG) [4] - The company captures methane to prevent its release into the atmosphere and converts it into RNG or electrical power for the grid [4] - Headquartered in Pittsburgh, Pennsylvania, Montauk has over 30 years of experience in developing and managing landfill methane-fueled renewable energy projects [4] - The company operates 13 projects and has ongoing developments in multiple states including California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas [4] - Montauk sells RNG and Renewable Electricity, benefiting from Environmental Attribute premiums under federal and state policies [4]