SkyPower - About the company
SkyPower is an acquired company based in Toronto (Canada), founded in 2003. It operates as an Independent Power Producer in the domain of Solar ENERGY. SkyPower has raised an undisclosed amount in funding from Lehman Brothers. The company has 37 active competitors, including 4 funded and 14 that have exited. Its top competitors include companies like Acciona Energy, Exelon and Boralex.
Company Details
SkyPower is a developer of multiple projects globally in the domain of solar energy. They have over 30 utility-scale solar Power Purchase Agreements that amounts to approximately US $80 billion worth of long-term renewable energy sales to leading utilities and governments around the world.
- Website
- skypower.com
- Email ID
- *****@skypower.com
- Phone Number
- +1 **********
- Registered Address
- Ambassador Hotel, Sujan Singh Park, New Delhi, New Delhi, Delhi, India, 110003
Key Metrics
Founded Year
2003
Location
Toronto, Canada
Stage
Acquired
Latest Funding Round
Investors
Ranked
15th among 37 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
79 as on Aug 31, 2026
Exit Details
Acquired
Legal entities associated with SkyPower
SkyPower is associated with 5 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SKYPOWER SOUTHEAST SOLAR INDIA PRIVATE LIMITED CIN: U74900DL2015PTC279511 , India, Active | Apr 27, 2015 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
SKYPOWER SOLAR INDIA PRIVATE LIMITED CIN: U74900DL2015PTC276295 , India, Active | Feb 04, 2015 | ₹50 - ₹100 Cr (As on Mar 31, 2024) | - | |
SKYPOWER SOLAR SOUTHEAST ASIA ONE PRIVATE LIMITED CIN: U74140DL2014PTC274598 , India, Active | Dec 24, 2014 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
SURAJKIRAN RENEWABLE RESOURCES LIMITED CIN: U74999GJ2015PLC127992 , India, Amalgamated | Aug 13, 2015 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | - | |
Sunshakti Solar Power Projects Private Limited CIN: U74900GJ2015PTC145661 , India, Active | Aug 11, 2015 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | - |
SkyPower's acquisition details
SkyPower got acquired on Jun 30, 2025.
Click here to take a look at SkyPower's acquisition in detail
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SkyPower's funding and investors
SkyPower has raised funding over 1 round. Its latest funding round was a Series A round on Jun 04, 2007 for $*****. 1 investor participated in its latest round. SkyPower has 2 institutional investors.
Here is the list of recent funding rounds of SkyPower:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 04, 2007 | 8168289 | Series A | 5405308 | 7087106 | 2515702 | 9086618 |
View details of SkyPower's funding rounds and investors
SkyPower's founders and board of directors
Founder? Claim ProfileSkyPower's employee count trend
SkyPower has 79 employees as of Aug 26. Here is SkyPower's employee count trend over the years:
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SkyPower's Competitors and alternates
Top competitors of SkyPower include Acciona Energy, Exelon and Boralex. Here is the list of Top 10 competitors of SkyPower, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Acciona Energy 1997, Madrid (Spain), Public | Provider of renewable energy solutions | $567M | 73/100 | |
2nd | Exelon 2000, Chicago (United States), Public | Provider of energy services with an electric and natural gas distribution | - | 69/100 | |
3rd | Developer of renewable energy projects | - | 64/100 | ||
4th | Renewable energy based IPP | - | 60/100 | ||
5th | Northland Power 1987, Toronto (Canada), Public | Provider of solar energy power producer | - | - | 57/100 |
6th | BluEarth Renewables 2010, Calgary (Canada), Acquired | Developer of renewable energy facilities and provider of operating support | $81M | 55/100 | |
7th | TerraForm Power 2014, New York City (United States), Acquired | Leading renewable energy provider with wind, solar, and storage assets | $335M | 53/100 | |
8th | Capital Power 2009, Edmonton (Canada), Public | Provider of power generation facilities of energy sources | - | - | 52/100 |
9th | OPG Power Ventures 2008, Toronto (Canada), Public | Developers and operators of power plants | - | - | 49/100 |
10th | Independent renewable energy power producer | $15.1M | 48/100 | ||
15th | Independent Power Producer in the domain of Solar ENERGY | - | 33/100 |
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SkyPower's Investments and acquisitions
SkyPower has made no investments or acquisitions yet.
Reports related to SkyPower
Here is the latest report on SkyPower's sector:
News related to SkyPower
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SkyPower and ZETDC sign landmark power purchase agreements for Zimbabwe’s largest solar projectKhaleej Times•Apr 18, 2024•SkyPower, ZETDC
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UAE firm to install Dh734-million clean energy plant in DR CongoKhaleej Times•Feb 18, 2024•SkyPower, Africa Finance Corporation
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First Mining Announces Appointment of New Chief Financial OfficerPR Newswire•Aug 11, 2022•First Mining Gold, Libero, SkyPower
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Torrent Power acquires 50 MW solar plant in Telangana for Rs 416 croreBusiness Today•Jun 13, 2022•Torrent Power, SkyPower
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Torrent Power acquires Telangana-based solar power plant from SkyPower GroupBusiness Standard•Apr 25, 2022•SkyPower, Torrent Power, Sunshakti Solar Power Projects, Lightsource BP
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Sky Power Partners with India’s Zerosum Technologies on UAV EnginesUAS Vision•Nov 22, 2021•SkyPower, Zero-Sum
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