Author Archives: Staff
Funding and M&A Roundup: Energy Storage Firm Aypa Power Secures $320 Million Debt Funding
From: Mercom Capital Group Aypa Power, a developer, owner, and operator of energy storage and hybrid generation assets has secured a corporate credit facility worth $320 million. The credit facility ...
Project Finance Brief: Sonnedix Acquires 136 MW Solar Project Portfolio in Spain
From: Mercom Capital Group Sonnedix, an independent power producer, has acquired a 136 MW solar project in Spain from Qualitas Energy, an investment firm focused on renewable energy, energy transition, and sustainability investments ...
Funding and M&A Roundup: SunRoof Raises $30.8 Million to Fund Expansion Plans
From: Mercom Capital Group SunRoof, a Sweden-based rooftop solar systems provider, announced a €13.5 million (~$14.6 million) extension with a new investment taking its total growth funding round to €28.5 ...
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas
From: Mercom Capital Group Sol Systems, a solar finance and development company, acquired a 190 MW solar development project in Uvalde County, Texas, from ABEI Energy, an independent power producer. The acquisition was ...
Funding and M&A Roundup: Solar and Battery Leasing Firm Enpal Raises $233 Million
From: Mercom Capital Group Enpal, a German-based solar and battery leasing solutions company, secured €215 million (~$233 million) in series D funding led by TPG Rise Climate to support the ...
Project Finance Brief: Nautilus Acquires 54 MW Solar Projects in New York
From: Mercom Capital Group Nautilus, a New Jersey-based independent solar power producer, on behalf of its affiliate Nautilus U.S. Power Holdco, announced the acquisition of 54 MW of solar projects ...
Project Finance Brief: Atlas Renewable Raises $210 Million for 438 MW Solar Project
From: Mercom Capital Group Atlas Renewable Energy, a clean energy solutions provider, secured a loan of $210 million from Banco Nacional de Desenvolvimento Econômico e Social to finance its 438 ...
Funding and M&A Roundup: Rabobank Invests in Battery Energy Storage Project Developer
From: Mercom Capital Group Rabo Investments has infused an undisclosed amount in GIGA Storage, a large-scale battery energy storage project developer. The investment will enable GIGA Storage to expand its network of large-scale ...
Project Finance Brief: MYTILINEOS Raises $159 Million for Solar Projects
From: Mercom Capital Group MYTILINEOS, a global industrial and energy company, reached financial close with lenders ANZ and Westpac on the non-recourse portfolio financing structured as a combination of term ...
Funding and M&A Roundup: EQT Acquires Renewable Developer Madison Energy
From: Mercom Capital Group EQT Infrastructure, an investment firm, announced that its EQT Infrastructure VI fund acquired Madison Energy Investments (MEI), a solar and energy storage project developer, from affiliates of Stonepeak ...
Project Finance Brief: Primergy Closes $75 Million Credit Facility from Rabobank
From: Mercom Capital Group Primergy Solar, a U.S.-based utility-scale and distributed solar and storage company, has closed a $75 million revolving credit facility from Rabobank to develop a pipeline of solar and ...
Funding and M&A Roundup: Arcadia Raises $125 Million for Electric Grid Decarbonization
From: Mercom Capital Group Arcadia, a climate software and data startup focused on decarbonizing the electric grid, raised $125 million in new funding to support the development of the company’s Arc platform, ...
Funding and M&A Roundup: NRG Energy Buys Smart Grid Company Vivint for $2.8 Billion
From: Mercom Capital Group NRG Energy has entered into a definitive agreement to acquire Vivint Smart Home in an all-cash transaction at $12 per share totaling $2.8 billion. The acquisition is expected to help ...
Project Finance Brief: Lightsource bp Closes Financing for 515 MW Solar Farms in Australia
From: Mercom Capital Group Lightsource bp, a solar project developer, closed a A$540 million (~$365 million) portfolio green financing package to help execute its 425 MW Wellington North and 90 MW Wunghnu ...
Project Finance Brief: Greenalia Acquires 502 MW Solar Projects in Texas
From: Mercom Capital Group Spain-based independent power producer Greenalia acquired three utility-scale solar projects totaling 502 MW in Texas. The projects include the 265 MW Donegal Solar project, 119 MW ...
Funding and M&A Roundup: Bboxx, EDF Secure $11 million Loan to Expand Clean Energy in Togo
From: Mercom Capital Group Bboxx, a designer, manufacturer, distributor, and financer of plug & play solar systems, along with its partner EDF, a low-carbon energy company, in Togo, secured €11 million (~$11.48 million) ...
Funding and M&A Roundup: Swell Energy Raises $120 Million for Virtual Power Plants
From: Mercom Capital Group Swell Energy, a provider of virtual power plant (VPP) programs for homeowners and businesses, raised $120 million to accelerate the deployment of its offerings across the United States. SoftBank ...
Project Finance Brief: Sunwin Energy Sells Solar Project Portfolio in Italy
From: Mercom Capital Group Sunwin Energy, a Switzerland-headquartered solar project developer, entered into a framework agreement with an undisclosed European public-listed energy company to develop a 375 MW solar project portfolio in Italy ...
Funding and M&A Roundup: BlackRock Acquires Energy Storage Developer Jupiter Power
From: Mercom Capital Group Through a fund managed by its Diversified Infrastructure business, BlackRock Alternatives has agreed to acquire Jupiter Power, an operator, and developer of stand-alone utility-scale battery energy storage systems, ...
Project Finance Brief: Duke Energy Subsidiary Acquires 100 MW Mississippi Solar Project
From: Mercom Capital Group Duke Energy Sustainable Solutions, a subsidiary of Duke Energy, acquired the 100 MW Wildflower Solar Project from Clearway Energy Group, a U.S.-based clean energy developer. The construction of ...
Funding and M&A Roundup: iSun Raises $25 Million in Debt Financing
From: Mercom Capital Group iSun, a solar service provider across residential, commercial, industrial & municipal, and utility-scale projects, secured a $25 million debt financing as a Senior Secured Convertible Notes Facility with a single ...
Project Finance Brief: Sonnedix Acquires 262 MW of Solar Projects in Portugal
From: Mercom Capital Group Sonnedix, an independent power producer, acquired 262 MW solar PV projects in Portugal. The portfolio comprises seven ground-mounted projects either under construction or late-stage development throughout the country. The ...
Funding and M&A Roundup: Carlyle Acquires Majority Stake in Aspen Power for $350 Million
From: Mercom Capital Group Carlyle, a global investment firm, acquired a majority stake in Aspen Power Partners, a distributed generation platform focused on solar and storage assets across the U.S., for $350 million. The ...
Project Finance Brief: Allianz Capital Partners Acquires 147 MW Solar Project
From: Mercom Capital Group Allianz Capital Partners, an asset manager, acquired the 147 MW Galloway 2 Solar Project from Avantus (formerly 8minute), an independent solar power developer in Texas, U.S. Avantus will ...
Funding and M&A Roundup: Ascend Elements Secures $300 Million in Funding
From: Mercom Capital Group Ascend Elements, a provider of closed-loop battery materials solutions, raised $300 million in equity and debt financing. The funding round includes $200 million in Series C equity investments ...
