Author Archives: Staff
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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% ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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), ...
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 ...
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 ...
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 ...
