Author Archives: Staff

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
Funding and M&A Wrap-Up_ Scatec Solar Raises $515 Million in a Private Placement

Funding and M&A Roundup: Scatec Solar Raises $515 Million in a Private Placement

Scatec Solar, an independent power producer, has completed a private placement, raising approximately NOK 4,750 million (~$514.94 million) in gross proceeds by allocating 20,652,478 shares subscription price of NOK 230 ...
/ / Other, Renewable Energy
Project Finance Brief_ UK's NextPower Acquires 17.4 MW Solar Project in Portugal

Project Finance Brief: UK’s NextPower Acquires 17.4 MW Solar Project in Portugal

Global wind and solar development company Mainstream Renewable Power has closed a $280 million mezzanine construction finance facility with leading alternative lender AMP Capital Infrastructure Debt Fund IV. The AMP ...
/ / Other, Renewable Energy
Funding and M&A Wrap-up_ Scatec Solar Acquires Hydropower Developer for Over $1 Billion

Funding and M&A Wrap-up: Scatec Solar Acquires Hydropower Developer for Over $1 Billion

REC Silicon, a Norwegian producer of advanced silicon materials with manufacturing facilities in the U.S., has raised approximately NOK 1,000 million (~$108.29 million) in gross proceeds through the Private Placement ...
/ / Other, Renewable Energy
Project Finance Brief_ Hellenic Petroleum Acquires a 204 MW Solar Portfolio

Project Finance Brief: Hellenic Petroleum Acquires a 204 MW Solar Portfolio

Hellenic Petroleum, through its wholly-owned subsidiary, ELPE Renewables, completed the acquisition of a portfolio of solar PV projects at the final permitting stage in the wider Kozani region, Greece, from ...
/ / Other, Renewable Energy
Funding and M&A Wrap-up_ Array Technologies Plans to Raise $675 Million in IPO

Funding and M&A Wrap-up: Array Technologies Plans to Raise $675 Million in IPO

Array Technologies, a manufacturer of ground-mounting systems used in solar PV projects, has filed to raise $675 million in an IPO of its common stock, according to an S-1 registration statement ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Lithium-Ion Battery Maker Northvolt Raises $600 Million

Funding and M&A Roundup: Lithium-Ion Battery Maker Northvolt Raises $600 Million

Northvolt announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen, enabling the company to make further investments in expanding ...
/ / Other, Renewable Energy
Project Finance Brief_ Lightsource bp Closes $285 Million Financing for Bighorn Solar Project

Project Finance Brief: Lightsource bp Closes $285 Million Financing for Bighorn Solar Project

Lightsource bp, a solar project developer, closed a $285 million financing package for its Bighorn Solar project, which will be located on EVRAZ Rocky Mountain Steel mill property in Pueblo. As the ...
/ / Other, Renewable Energy
Project Finance Brief_ Lightsource bp Acquires 100 MW Solar Portfolio in Spain

Project Finance Brief: Lightsource bp Acquires 100 MW Solar Portfolio in Spain

Innova Energy, a private equity-backed renewable energy generator, has secured £30 million (~$38.17 million) of debt funding from NatWest to finance a mixed portfolio of UK rooftop and ground-mounted solar ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Power Roll Secures $3.6 Million for Solar Film technology

Funding and M&A Roundup: Power Roll Secures $3.6 Million for Solar Film technology

SunHydrogen, a developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced it has agreed to accept an equity investment of up to $4 million from ...
/ / Other, Renewable Energy