Author Archives: Staff

Funding and M&A Roundup Clean Energy Platform Arcadia Raises $200 Million in Funding (1)

Funding and M&A Roundup: Clean Energy Platform Arcadia Raises $200 Million in Funding

From: Mercom Capital Group Arcadia, a climate software and data startup focused on decarbonizing the electric grid, raised $200 million in a new funding round. J.P. Morgan Asset Management’s Sustainable ...
/ / Finance and M&A, Other
Project Finance Brief: Origis Energy Secures $375 Million Credit Facility

Project Finance Brief: Origis Energy Secures $375 Million Credit Facility

From: Mercom Capital Group Origis Energy, a vertically integrated renewable energy platform and a solar project developer, closed a $375 million credit facility for its solar and energy storage development project pipeline. The ...
/ / Finance and M&A, Solar
Funding and M&A Roundup Group14 Technologies Raises $400 Million in Series C Funding

Funding and M&A Roundup: Group14 Technologies Raises $400 Million in Series C Funding

From: Mercom Capital Group Group14 Technologies, a developer of materials that enhance the output of lithium-silicon batteries, raised $400 million in Series C funding. Porsche AG led the round with ...
/ / Finance and M&A, Other
Project Finance Brief: MET Group Acquires 263 MW of Solar Projects in Italy and Spain

Project Finance Brief: MET Group Acquires 263 MW of Solar Projects in Italy and Spain

From: Mercom Capital Group TotalEnergies, a multinational integrated oil and gas firm acquired Austin-based Core Solar, a solar project developer, which owns more than 4 GW of utility-scale solar and energy storage ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Off-Grid Solar Company Sun King Raises $260 Million in Funding

Funding and M&A Roundup: Off-Grid Solar Company Sun King Raises $260 Million in Funding

From: Mercom Capital Group Sun King (formerly Greenlight Planet), a provider of solar energy products for off-grid homes in Africa and Asia, raised $260 million in a Series D funding round. The round ...
/ / Finance and M&A, Solar
India’s Solar Generation Up 27% YoY to 22 Billion Units in Q1 2022

India’s Solar Generation Up 27% YoY to 22 Billion Units in Q1 2022

India generated approximately 22 billion units (BU) of solar power in the first quarter (Q1) of the calendar year 2022, a 30% quarter-over-quarter increase compared to 17 BU generated in ...
Funding and M&A Roundup: GridX Raises $40 Million in Series C Funding

Funding and M&A Roundup: GridX Raises $40 Million in Series C Funding

From: Mercom Capital Group GridX, a provider of cloud-based business operations support solutions to utilities and energy suppliers, has raised $40 million in a Series C funding round led by Energy Impact ...
/ / Finance and M&A, Solar
Project Finance Brief: Renewable Developer Bridgelink Secures $200 Million Loan

Project Finance Brief: Renewable Developer Bridgelink Secures $200 Million Loan

From: Mercom Capital Group Bridgelink Power, a developer, constructor, and operator of utility-scale solar and energy storage projects has closed a senior secured revolving credit facility for up to $200 million with Crayhill ...
/ / Finance and M&A, Solar
India Adds 275 MW of New Wind Capacity in Q1 2022; Gujarat Leads

India Adds 275 MW of New Wind Capacity in Q1 2022; Gujarat Leads

India added 275 MW wind power capacity in the first quarter (Q1) of 2022, a 30% quarter-over-quarter (QoQ) increase compared to 212 MW installed in Q4 2021, bringing the cumulative ...
/ / Mercom Research Focus, Other
Project Finance Brief: Alternus Energy to Acquire 228 MW of Solar Projects in Spain

Project Finance Brief: Alternus Energy to Acquire 228 MW of Solar Projects in Spain

From: Mercom Capital Group International renewable independent power producer (IPP) Alternus Energy agreed to a definitive agreement to acquire up to 228 MW solar projects in Spain. Alternus has executed a binding purchase ...
/ / Finance and M&A, Solar
Funding and M&A Roundup Enel Secures €600 Million from EIB for Clean Energy Expansion

Funding and M&A Roundup: Enel Secures €600 Million from EIB for Clean Energy Expansion

From: Mercom Capital Group Enel, an Italian multinational manufacturer and distributor of electricity and gas, and the European Investment Bank (EIB), through its development branch EIB Global and SACE, an ...
/ / Finance and M&A, Other
Researchers Claim 23% Power Conversion Efficiency in New Inverted Perovskite Cell

Researchers Claim 23% Power Conversion Efficiency in New Inverted Perovskite Cell

Researchers from the University of Toronto's Faculty of Applied Science and Engineering studied the inverted perovskite solar cell structure at the Sargent Group lab in the quest to find an ...
/ / Solar, Technology
Project Finance Brief: Canadian Solar to Sell 105 MW Solar Plus 80 MWh Storage Project

Project Finance Brief: Canadian Solar to Sell 105 MW Solar Plus 80 MWh Storage Project

From: Mercom Capital Group Canadian Solar, through its wholly-owned subsidiary Recurrent Energy and Matrix Renewables, the TPG Rise-backed global renewable energy platform, announced an agreement whereby Matrix Renewables will acquire the Gaskell ...
/ / Finance and M&A, Solar
Funding and M&A Roundup EV Charging Company ChargePoint Raises $300 Million in Financing

Funding and M&A Roundup: EV Charging Company ChargePoint Raises $300 Million in Financing

From: Mercom Capital Group ChargePoint, a provider of an open electric vehicle charging network, announced that Antara Capital would invest $300 million in the company by purchasing convertible senior notes ...
/ / Finance and M&A, Other
Onshore Wind Installations in India Forecasted at 4.1 GW in 2023 GWEC

Onshore Wind Installations in India Forecasted at 4.1 GW in 2023: GWEC

According to the Global Wind Energy Council’s (GWEC) Global Wind Report, 2022, the Indian wind market outlook for 2022 and 2023 is projected at 3.2 GW and 4.1 GW of ...
/ / Wind
IKEA Acquires 440 MW of Solar Projects in Europe for €340 Million

IKEA Acquires 440 MW of Solar Projects in Europe for €340 Million

Ingka Group, which owns most of the IKEA retail stores across the globe, through its investment arm Ingka Investments, has acquired nine solar PV projects totaling 440 MW in Germany ...
/ / Finance and M&A, Solar
Statkraft Secures $1.43 Billion Sustainability-Linked Revolving Credit Facility

Statkraft Secures $1.43 Billion Sustainability-Linked Revolving Credit Facility

Statkraft, a Norway-based renewable energy company, secured a €1.3 billion (~$1.43 billion) five-year sustainability-linked syndicated revolving credit facility with two ‘one-year extension’ options. The facility’s interest margin will be adjusted ...
/ / Finance and M&A, Other
Bids Invited for 28 MW of Decentralized Solar Projects Under KUSUM Program in Haryana

Bids Invited for 28 MW of Decentralized Solar Projects Under KUSUM Program in Haryana

The Uttar Haryana Bijli Vitran Nigam (UHBVNL) has invited an expression of interest (EoI) for setting up decentralized grid-connected solar power projects with an aggregate capacity of 28 MW under ...
/ / Solar, Tenders & Auctions
Funding and M&A Roundup: Macquarie Acquires 50% Stake in Island Green Power

Funding and M&A Roundup: Macquarie Acquires 50% Stake in Island Green Power

From: Mercom Capital Group Macquarie Asset Management, through Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2), will expand its presence in the solar sector with an agreement to acquire a 50% ...
/ / Finance and M&A, Solar
Project Finance Brief: ENGIE Raises $800 Million in Financing for Wind and Solar Projects

Project Finance Brief: ENGIE Raises $800 Million in Financing for Wind and Solar Projects

From: Mercom Capital Group ENGIE North America, a U.S.-based electric utility, completed tax-equity financing for its Iron Star and Priddy wind projects and equity financing for the portfolio of these assets plus ...
/ / Finance and M&A, Solar
Industry Body Appeals to the Court Against ALMM Mandate for C&I Solar Projects

Industry Body Appeals to the Court Against ALMM Mandate for C&I Solar Projects

The Delhi High Court has sought clarification from the Ministry of New and Renewable Energy (MNRE) on the provisions made to protect the commercial and industrial (C&I) solar projects under ...
/ / Markets & Policy, Solar
Project Finance Brief: OX2 Acquires 500 MW of Solar and Wind Projects in Greece

Project Finance Brief: OX2 Acquires 500 MW of Solar and Wind Projects in Greece

From: Mercom Capital Group OX2 AB, a Swedish renewable energy company that develops, finance, and manages large-scale solar and wind projects, has acquired two portfolios in Greece with an installed capacity of ...
/ / Finance and M&A, Solar
Funding and M&A Roundup SolarEdge Technologies Raises $678.5 Million

Funding and M&A Roundup: SolarEdge Technologies Raises $678.5 Million

From: Mercom Capital Group SolarEdge Technologies, a provider of end-to-end solar power optimization and PV monitoring solutions, completed underwritten public offering of 2,300,000 shares of common stock at $295.00 per ...
/ / Finance and M&A, Other
Project Finance Brief: Voltalia Sells Minority Stake in its 320 MW Solar Project in Brazil

Project Finance Brief: Voltalia Sells Minority Stake in its 320 MW Solar Project in Brazil

From: Mercom Capital Group STOA Infra and Energy, an investment fund specialized in infrastructure projects, acquired a 33% equity stake in the SSM1&2 solar projects in Brazil developed and owned ...
/ / Finance and M&A, Solar
Funding and M&A Roundup Enphase Energy Acquires SolarLeadFactory

Funding and M&A Roundup: Enphase Energy Acquires SolarLeadFactory

From: Mercom Capital Group Enphase Energy, a micro inverter-based solar-plus-storage systems supplier, acquired California-based SolarLeadFactory. The financial terms of the transaction were not disclosed. Founded in 2012, SolarLeadFactory produces, curates, ...
/ / Finance and M&A, Other