Shell buys 20% share in Orb Energy
Royal Dutch Shell Plc took a 20% stake in Indian solar firm Orb Energy Pvt Ltd. as part of a drive to deliver a reliable source of electricity to 100 million people in the developing world by 2030.
Orb Energy, based in Bangalore, India, provides credit to small and medium sized firms to invest in solar panel systems. Founded in 2006, Orb Energy has sold over 160,000 solar systems in India with a total capacity of 75 megawatts. The company also has operations in Kenya.
Country updates
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October 08, 2019
Adani Transmission acquires Bikaner-Khetri project in Rajasthan
Adani Transmission Limited (ATL) has signed a share purchase agreement and completed the acquisition of the special purpose vehicle of Bikaner-Khetri Transmission Limited (BKTL), incorporated by PFC C...
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October 02, 2019
Masdar sets to acquire Hero Future Energies 20% stakes
Abu Dhabi Future Energy Company PJSC, also known as Masdar, is set to acquire a 20% stake in Hero Future Energies(HFE), a unit of Hero Group for a total investment of US$150 million. HFE c...
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October 01, 2019
Tata Power Solar secures bid to develop 105 MWp Floating Solar Project in India
Tata Power Solar has received a Letter of Award to develop the 105 MWp Floating Solar Project in India. The contract is worth INR3.43 billion (US$48.6 million). The deal includes the provision of oper...
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September 30, 2019
Radiant and Eldosol solar projects in Kenya reach financial close
FMO and the European Investment Bank (EIB) have agreed to finance construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide US$53 million for the two proj...
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September 26, 2019
140 MW Olkaria V geothermal plant unit 1 and 2 reach full load
Olkaria V - Unit 1 and 2 reached full load operations, injecting more than 160 MW to the national grid. The project involves the development of a 140 MW Olkaria V geothermal plant in Ol...
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