Author Archives: Staff

Funding M&A Roundup_ Gibraltar Acquires Solar Racking Company TerraSmart for $220M

Funding M&A Roundup: Gibraltar Acquires Solar Racking Company TerraSmart for $220M

Shoals Technologies Group, a U.S. provider of electrical balance of system products for solar projects, filed with SEC to raise up to $100 million in an initial public offering. Backed ...
/ / Finance and M&A, Other
Project Finance Brief_ Duke Energy Acquires a 144 MW Solar Project From Recurrent Energy

Project Finance Brief: Duke Energy Acquires a 144 MW Solar Project From Recurrent Energy

KfW IPEX-Bank has arranged senior debt financing for the construction and operation of a 200 MW Los Escuderos solar project near the municipality of Altarejos in the Spanish province of ...
/ / Finance and M&A, Other
Project Finance Brief_ Capital Dynamics Buys 100% Stake in a 175 MW Solar Project

Project Finance Brief: Capital Dynamics Buys 100% Stake in a 175 MW Solar Project

Sonnedix Japan, an independent solar power producer, on behalf of the Sonnedix Group, completed the acquisition of a 55.6 MW ground-mounted solar PV project. The project, located in  Hitachi City, ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ ORIX to Acquire Elawan Energy for $965 Million

Funding and M&A Roundup: ORIX to Acquire Elawan Energy for $965 Million

7C Solarparken, a solar project developer, has reached an agreement with the German wind power operator EnerVest AG to purchase EnerVest Belgium, a company focused on project development and asset ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Accenture to Invest in a Smart Grid Company

Funding and M&A Roundup: Accenture to Invest in a Smart Grid Company

8minute Solar Energy, a privately-held developer of solar PV and storage projects in the U.S., has significantly upsized that facility to a total of $350 million with support from new ...
/ / Finance and M&A, Other
Project Finance Brief Dubai’s 2 GW Solar Project Achieves Financial Closure

Project Finance Brief: Abu Dhabi’s 2 GW Solar Project Achieves Financial Closure

ReneSola Power, a solar project developer, entered into an agreement to sell two ground-mounted solar projects in Romania with a combined capacity of 15.4 MW to Alternus Energy Group, an ...
/ / Finance and M&A, Other
Project Finance Brief_ Cubico to Acquire 274 MW of Solar Portfolio in Spain and Italy

Project Finance Brief: Cubico to Acquire 274 MW of Solar Portfolio in Spain and Italy

Atlantica Sustainable Infrastructure, the sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, has reached an agreement with a subsidiary of Algonquin Power & Utilities, a ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Silicon Ranch Raises $225 Million for 1 GW of Solar Projects

Funding and M&A Roundup: Silicon Ranch Raises $225 Million for 1 GW of Solar Projects

Silicon Ranch Corporation, the U.S. solar platform for Shell and an independent power producer, has closed an investment round that attracted $225 million in new equity capital. The round was ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Hindustan Coca-Cola Commissions Seven New Renewable Projects

Daily News Wrap-Up: Hindustan Coca-Cola Commissions Seven New Renewable Projects

Here are some noteworthy cleantech announcements of the day from around the world: Hindustan Coca-Cola Beverages (HCCB) announced the commissioning of seven additional renewable energy projects into service. Installed in ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ ITOCHU Acquires O&M Provider Bay4 Energy Services

Funding and M&A Roundup: ITOCHU Acquires O&M Provider Bay4 Energy Services

Greencells, global engineering, procurement, and construction and maintenance service provider for utility-scale solar projects, placed the first tranche with a volume of €15 million (~$18.1 million) for its secured 6.5% ...
/ / Other, Renewable Energy
Project Finance Brief_ ReneSola Sells 16 MW Solar Portfolio to Modus Asset Management (1)

Project Finance Brief: ReneSola Sells 16 MW Solar Portfolio to Modus Asset Management

ReneSola Power, a fully integrated solar project developer, announced the sale of a portfolio of ground-mounted solar parks to Modus Asset Management, a Vilnius, Lithuania-based investment management company specialized in ...
/ / Other, Renewable Energy
Tamil Nadu DISCOM Asked to Pay Late Payment Surcharge to Wind Generator

Daily News Wrap-Up: McDonald’s to Purchase 326 MW of Wind Power from Apex Clean Energy

Here are some noteworthy cleantech announcements of the day from around the world: Apex Clean Energy announced two power purchase agreements (PPA) executed with McDonald’s totaling 326 MW of wind ...
/ / Markets & Policy, Solar
Project Finance Brief: Capital Dynamics Secures $327 Million for a 383 MW Solar Project

Project Finance Brief: Capital Dynamics Secures $327 Million for a 383 MW Solar Project

Capital Dynamics, an independent global private asset management firm, announced that its Clean Energy Infrastructure (CEI) business had achieved a financial close on a 383 MW Eagle Shadow Mountain solar ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Public Investment Fund Increases Stake in ACWA Power to 50%

Funding and M&A Roundup: Public Investment Fund Increases Stake in ACWA Power to 50%

Sunnova Energy International, a residential solar and energy storage service provider, closed its $254.7 million in securitizations of leases and power purchase agreements. The two-tranche securitization includes $209.1 million in ...
/ / Other, Renewable Energy
Project Finance Brief_ Spain's Prodiel Enters Agreement to Sell 1,098 MW of Solar Projects

Project Finance Brief: Spain’s Prodiel Enters Agreement to Sell 1,098 MW of Solar Projects

Spanish renewable infrastructure builder Prodiel has reached an agreement to sell 1,098 MW of solar PV projects to Madrid-based investment manager Everwood Capital. The portfolio is valued at around €750 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Loanpal Closes Largest Residential Solar Securitization Deal

Funding and M&A Roundup: Loanpal Closes Largest Residential Solar Securitization Deal

Loanpal, a residential solar financing company, announced that it had closed a securitization of approximately $434 million worth of Loanpal solar loans previously purchased by Goldman Sachs, Blackstone Credit, and ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Solar Developer Greencells Issues Green Bonds of up to €25 Mn

Funding and M&A Roundup: Solar Developer Greencells Issues Green Bonds of up to €25 Million

WattBuy, an online electricity marketplace, announced that it raised $3.25 million in its Series A round of funding led by Evergy Ventures. Additional investors include Updater, Avesta Fund, Yoav Lurie, ...
/ / Finance and M&A, Other
Project Finance Brief_ ReneSola Acquires Solar-Storage Assets from Nova Development

Project Finance Brief: ReneSola Acquires Solar-Storage Assets from Nova Development

Altus Power America, an investor, owner, and operator of clean energy projects, has completed the acquisition of a 2.5 MW operating solar project in Charlotte, Vermont. The acquired project generates ...
/ / Other, Renewable Energy
Project Finance Brief_ CIP Acquires 1.6 GW of Pumped Storage Hydro Projects in the US

Project Finance Brief: CIP Acquires 1.6 GW of Pumped Storage Hydro Projects in the US

Copenhagen Infrastructure Partners (CIP) has acquired ownership of the Swan Lake (Klamath County, Oregon) and Goldendale (Klickitat County, Washington) closed-loop pump storage hydro projects. The projects were previously owned and ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Solar Mounting Company PanelClaw Acquired by Esdec

Funding and M&A Roundup: Solar Mounting Company PanelClaw Acquired by Esdec

The Peck Company Holdings, a commercial solar engineering, procurement, and construction (EPC) company, announced that the merger agreement that was announced on August 10, 2020, has been terminated by Sunworks ...
/ / Finance and M&A, Other
Project Finance Brief_ Luxcara Acquires a 172 MW Solar Project in Germany from BELECTRIC

Project Finance Brief: Luxcara Acquires a 172 MW Solar Project in Germany from BELECTRIC

German renewable-energy company Luxcara has acquired a 172 MW solar project being developed in Germany from BELECTRIC. Luxcara has selected BELECTRIC to build and operate the project. BELECTRIC will start ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Statkraft Set to Acquire Solarcentury's 6 GW Portfolio

Funding and M&A Roundup: Statkraft Set to Acquire Solarcentury’s 6 GW Portfolio

Royal Bafokeng Holdings (RBH), an African community investment company, is considering making a $20 million equity investment in DPA Africa Asset-Co. The company, set up by Distributed Power Africa (DPA), ...
/ / Other, Renewable Energy
Funding and M&A Wrap-up_ Alberton Acquires Solarmax in Another Cleantech SPAC Deal

Funding and M&A Roundup: Alberton Acquires Solarmax in Another Cleantech SPAC Deal

Kroll Bond Rating Agency (KBRA) assigned preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-3 and Loanpal Solar Loan 2020-3, an asset-backed securitization collateralized by a ...
/ / Other, Renewable Energy
Project Finance Brief_ Atlas Gets $67 Million to Finance a 187 MW Solar Project in Brazil

Project Finance Brief: Atlas Gets $67 Million to Finance a 187 MW Solar Project in Brazil

Atlas Renewable Energy, a renewable energy company in Latin America, has obtained a $67 million loan from IDB Invest, a member of IDB Group, and DNB Bank ASA (Norway) to ...
/ / Other, Renewable Energy
Project Finance Brief_ EDF Renewables Acquires 4.5 GW Solar Project Pipeline in the US

Project Finance Brief: EDF Renewables Acquires 4.5 GW Solar Project Pipeline in the US

GreenYellow, an operator of green energy in Madagascar, Axian, a Pan-African group, Societe Generale, GuarantCo, the guarantee arm of the Private Infrastructure Development Group, and African Guarantee Fund have closed ...
/ / Other, Renewable Energy