Company Overview - Blackstone Inc. is pursuing the acquisition of Zelestra's Indian operations, with equity and enterprise values estimated at $184 million and $421 million respectively [1][4] - Zelestra, supported by EQT, has engaged JP Morgan for this transaction, referred to as Project Orange [1][4] - Zelestra has been operational in India since 2015 and currently has a capacity of 600 megawatts (MW), with an additional contracted portfolio of 2 gigawatts (GW), of which 1.5 GW is under construction [2][5] Industry Context - The renewable energy sector in India is experiencing significant growth, with an installed capacity of 245 GW, including 116 GW from solar and 52 GW from wind [7] - India's strategy aims to add 50 GW of green energy capacity annually to reach 500 GW by 2030, with long-term goals of 1,800 GW by 2047 and 5,000 GW by 2070 [7] - The C&I segment in India is attracting strong investor interest due to favorable regulations allowing large power users to source energy from the open market [5] Investment Landscape - Blackstone has invested $50 billion in India across various sectors, indicating a strong commitment to the Indian market [3] - The recent sale of O2 Power for an enterprise value of $1.47 billion highlights the active M&A landscape in the renewable energy sector [4] - Global strategic investors are showing interest in India's renewable energy market, with expectations of a more balanced risk-reward equation as market volatility subsides [6]

Malaysian Tycoon Lin Yun Ling’s Gamuda Building Over $1 Billion Of Solar Projects Amid Data Center Boom https://t.co/pheBttRIry https://t.co/HV6s1u8WBS ...

Project Delays - Over $7 billion (70 亿) worth of solar projects in Rajasthan, India have stalled [1] - Conservation efforts for a native bird species caused transmission approval bottlenecks [1] Industry Impact - The delays are attributed to conservation efforts impacting project approvals [1] - An industry group reported the project stall [1]

President Trump said the US won’t approve solar and wind projects that hurt farmland, claiming they are inflating electricity prices https://t.co/FV2Mei9WFJ ...

Core Viewpoint - SolarBank Corporation is changing its name to PowerBank Corporation to better reflect its strategic focus on providing power solutions that extend beyond solar energy, aligning with the growing digital economy [1] Group 1: Name Change Details - The name change will take effect on July 28, 2025, with common shares trading under the new name from that date [2] - The name change does not involve a consolidation of share capital, and shareholders will not need to exchange existing share certificates [3] - The name change was approved by shareholders at a special meeting on July 23, 2025 [4] Group 2: Company Overview - PowerBank Corporation focuses on renewable and clean energy project development, particularly in distributed and community solar projects across Canada and the USA [5] - The company has a development pipeline exceeding one gigawatt and has completed renewable energy projects with a total capacity of over 100 megawatts [5]

HAPPENING TODAY: What's the future of US solar, wind and EV projects under Trump's tax law?Ahead of #BloombergGreen Seattle, @AkshatRathi @HiMichelleMa @AriNatter and @markchediak will answer your questions in a Live Q&A at 1 p.m. EDT.🎧 Tune in here: https://t.co/t33BL9rLRy https://t.co/gCD8MICE6g ...

Leadership Transition - Emeren Group Ltd announced a leadership transition in its North America operations, with Mr. Cameron "Mac" Moore departing and Mr. M. Jahangir Alam appointed as his successor effective immediately [1] About M. Jahangir Alam - M. Jahangir Alam brings nearly three decades of experience in the North American renewable energy industry, with a background in executive leadership, finance, and M&A, having been involved in transactions totaling over $12 billion [2] - Previously, Jahangir was a key member of the senior leadership at Boralex, where he led the North American M&A team and was instrumental in acquiring a controlling interest in a ~1 GW wind power portfolio, marking the largest acquisition in Boralex's history [3] Preliminary Q2 2025 Operating Results - Emeren expects a non-cash impairment of no less than $20 million on global property, plant, and equipment (PPE), primarily due to an updated fair value assessment of certain power station assets in accordance with U.S. GAAP [5] - The company plans to release its full financial results for Q2 2025 around mid-August [5] Company Overview - Emeren Group Ltd is a leader in renewable energy, focusing on solar projects and Independent Power Producer (IPP) assets, with a significant global Battery Energy Storage System (BESS) capacity [6] - The company specializes in the entire solar project lifecycle, from development through construction to financing, leveraging local talent to ensure efficient and impactful sustainable energy solutions [6]