Author Archives: Staff
Transition to Renewable Energy – Answer to Many of Africa’s Challenges: Report
A calibrated policy framework centered on renewable energy can help resolve many of Africa’s social, economic, health, and environmental challenges, as revealed in a report published by the International Renewable ...
Project Finance Brief: Matrix Renewables to Acquire a 440 MW Solar Portfolio
From: Mercom Capital Group Matrix Renewables, a renewable energy company, entered into an agreement to acquire a 440 MW solar portfolio across Spain and Italy. The portfolio, which comprises five different assets with ...
Pine Gate Renewables Secures a $500 Million Credit Facility for Solar Expansion
Pine Gate Renewables, a solar project developer, has secured a $500 million credit facility from Fundamental Renewables to finance the development and construction of its utility-scale solar and storage projects ...
Funding and M&A Roundup: Jinko Solar Expects to Raise RMB 10 Billion Through IPO
From: Mercom Capital Group JinkoSolar Holding, a solar panel manufacturer, is in the process of applying for an initial public offering (IPO) of the company’s principal operating subsidiary, Jinko Solar Co ...
New York’s Distributed Solar Roadmap Aims at an Additional 4 GW by 2030
The New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Public Service (DPS) have submitted a comprehensive roadmap to expand the state’s successful ...
Project Finance Brief: Recurrent Energy to Sell 150 MW Firefly Energy Solar Project
From: Mercom Capital Group Canadian Solar, a vertically integrated manufacturer of silicon ingots, wafers, and PV cells and modules, announced its wholly-owned subsidiary, Recurrent Energy, has completed a purchase and sale agreement with ...
Funding and M&A Roundup: US Solar Developer Silicon Ranch Raises $775 Million
From: Mercom Capital Group Silicon Ranch Corporation, the U.S. solar platform for Shell and an independent solar power producer, has raised $775 million in new equity capital. Manulife Investment Management, on behalf of ...
Project Finance Brief: Scout Clean Energy Acquires 369 MW Blue Sky Solar Project from RES
From: Mercom Capital Group Colorado-based Scout Clean Energy, a renewable energy developer and Quinbrook Infrastructure Partners portfolio company, acquired the 369 MW Blue Sky utility-scale project in Grundy County, Illinois, from Renewable Energy ...
Funding and M&A Roundup: Amp Energy Secures Green Loan for a 60 MW Solar Project
From: Mercom Capital Group Renewable Energy Developer Amp Energy has secured a ‘Shinsei Green Loan’ valued at JPY17 billion (~$151 million) from its standing financing partner, Shinsei Bank. The funds will be used ...
Effect of Winter on Solar Project Operation
Power generation from a solar photovoltaic (PV) project peaks in summer and dips during winter as the solar radiation intensity in winter is relatively low. The major effects on the ...
Project Finance Brief: Ashtrom, Kenlov to Acquire 1.1 GW of Solar Portfolio in the US
From: Mercom Capital Group Ashtrom Group, an Israel-based construction and property company, and Kenlov Renewable Energy, an independent power producer, signed a definitive agreement to acquire four solar projects in ...
Funding and M&A Roundup: Belectric’s European Solar Business Acquired by Elevion Group
From: Mercom Capital Group Czech utility CEZ's Elevion Group has acquired the European solar operations of Belectric Group. The acquisition covers a 100% stake in the German-based Belectric and other ...
Funding and M&A Roundup: Battery Cell Manufacturer SVOLT Raises $1 Billion
From: Mercom Capital Group SVOLT, a battery cell manufacturer, raised ¥6 billion (~$1 billion) in a financing round. The company plans to invest the fresh capital mainly in developing new ...
Project Finance Brief: VTRM Acquires 635 MW Jaiba V Solar Project in Brazil
From: Mercom Capital Group Canadian Solar, a manufacturer of solar PV modules, provider of solar energy and battery storage solutions, and VTRM, a renewable energy company in Brazil, announced the sale of ...
Project Finance Brief: TagEnergy Acquires a 99.9 MW Battery Project for $85.8 Million
From: Mercom Capital Group TagEnergy, a clean energy company investing in competitive generation and storage assets, has acquired a 100% stake in the 99.9 MW Lakeside battery energy storage system ...
Funding and M&A Roundup: Canadian Solar Issues €30 Million Green Bond
From: Mercom Capital Group Canadian Solar, a vertically integrated manufacturer of silicon ingots, wafers, and PV cells and modules, announced that Canadian Solar EMEA Capital Markets, an indirectly wholly-owned subsidiary of Canadian ...
Project Finance Brief: NextEra to Sell 50% Stake in 2.5 GW US Renewable Portfolio
From: Mercom Capital Group NextEra Energy, through its subsidiary NextEra Energy Resources, has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 MW long-term contracted ...
Funding and M&A Roundup: Energy Dome Raises $11 Million in Series A Funding Round
From: Mercom Capital Group Energy Dome, an Italian energy storage technology company, raised $11 million in a Series A funding round. The company will use the proceeds to complete its CO2 Battery demonstration ...
India’s Installed Renewable Energy Capacity Including Hydro Crosses 150 GW: MNRE
India has crossed the 150 GW milestone of installed renewable energy capacity, including hydro, the Ministry of New and Renewable Energy (MNRE) has said in a tweet. In August this ...
Funding and M&A Roundup: Macquarie to Acquire 90% Stake in French Solar Energy Platform
From: Mercom Capital Group Through Macquarie Green Investment Group Renewable Energy Fund 2, Macquarie Asset Management intends to acquire a 90% equity interest in the French solar energy platform Apex Energies Group from ...
Project Finance Brief: Queequeg Secures Funding for 500 MW of Solar Portfolio in the UK
From: Mercom Capital Group Queequeg Renewables (QQR), a solar project developer, has secured equity funding for a 500 MW solar project portfolio across the UK through a joint venture with Energy Transition ...
Government Moves Ahead on Dadra & Nagar Haveli, Daman & Diu DISCOM Privatization
The Union Cabinet has approved the formation of a special purpose vehicle (SPV) to privatize the electricity distribution business in the Union Territory (UT) of Dadra & Nagar Haveli and ...
Spike in Freight Rates Likely to Impact Global Import Prices by 11% Until 2023: UNCTAD
The current surge in container freight rates, if sustained, could increase global import price levels by 11% and consumer price levels by 1.5% between now and 2023, according to UNCTAD's Review ...
Project Finance Brief: Ignitis Group to Acquire 80 MW of Solar Projects in Poland
From: Mercom Capital Group Ignitis Renewables, which owns renewable energy projects in the Baltic States and Poland, has entered into an agreement to acquire 100% of the shares of companies developing 80 ...
Funding and M&A Roundup: Lithium-ion Battery Manufacturer Mitra Raises $20 Million
From: Mercom Capital Group Mitra Future Technologies (Mitra Chem), a lithium-ion battery materials manufacturer, raised $20 million in a Series A funding round. Social Capital led the round with the ...
