Author Archives: Staff
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 ...
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 ...
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 ...
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 ...
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, ...
Project Finance Brief: Gore Street Acquires 90% Stake in a 22 MW Energy Storage Project
From: Mercom Capital Group London Stock Exchange-listed battery storage investment fund Gore Street has completed the acquisition of a 90% stake in a 22 MW/28 MWh operational energy storage asset in Cremzow, Germany. The ...
Funding and M&A Roundup: Sonnedix Acquires Solar Developer Sun Power Energy
From: Mercom Capital Group Sonnedix, an independent solar power producer (IPP), has acquired Warsaw-based Sun Power Energy, a solar project developer in Poland. The acquisition gives Sonnedix close to a ...
Funding and M&A Roundup: Aurora Solar Raises $200 Million in Series D Funding
From: Mercom Capital Group Aurora Solar, a cloud-based solar projects design and proposal software solutions provider, has raised $200 million in a Series D funding round co-led by current investors Coatue and Energize ...
Project Finance Brief: Blackstone-backed Aypa Acquires a 100 MW Energy Storage Project
From: Mercom Capital Group Aypa Power, a Blackstone portfolio company and developer, owner, and operator of energy storage and hybrid generation assets acquired the 100 MW Yadkins Energy storage project from East Point ...
Project Finance Brief: Econergy Secures €200 Million Funding for Solar Projects
From: Mercom Capital Group Econergy Renewable Energy, an independent power producer, has secured €200 million (~$227 million) for its Romanian and Polish solar projects through joint ventures with Phoenix Insurance ...
Funding and M&A Roundup: Clean Energy Marketplace Palmetto Raises $375 Million
From: Mercom Capital Group Palmetto, a clean energy marketplace and a provider of solar energy consumption analytics software solutions for residential solar, has raised $375 million to accelerate the adoption ...
Funding and M&A Roundup: Hydrogen Fuel Cell Company Bramble Energy Raises $47 Million
From: Mercom Capital Group London-based hydrogen fuel cell company Bramble Energy raised £35 million (~$47 million) in a Series B funding round led by HydrogenOne Capital Growth. Other existing institutional ...
Project Finance Brief: Enfinity Global Acquires 250 MW Solar Portfolio in Japan
From: Mercom Capital Group Spain-based renewable energy company Enfinity Global announced the acquisition of a 250 MW solar PV portfolio in Japan with an enterprise value of $1 billion. This ...
Project Finance Brief: Acciona Energia Acquires the 350 MW Red-Tailed Hawk Solar Project
From: Mercom Capital Group Acciona Energia, a subsidiary of Acciona, a Spanish company developing renewable energy projects, has acquired Red-Tailed Hawk, a 350 MW solar PV project near Houston in ...
Funding and M&A Roundup: Battery Storage Company Zenobe Secures £241 Million Debt
From: Mercom Capital Group Zenobe Energy (formerly Battery Energy Storage Solutions), a developer, operator, and owner of battery storage assets in the U.K., has secured a multi-source debt structure of ...
Project Finance Brief: BayWa r.e. to Acquire 700 MW of Spanish PV Portfolio
From: Mercom Capital Group BayWa r.e., a renewable service provider, energy developer, and distributor, has agreed to acquire 700 MW of Spanish PV development portfolio from Quercus, a specialist investor ...
Funding and M&A Roundup: Lithium Battery Component Company Soelect Raises $11 Million
From: Mercom Capital Group Soelect – a developer of advanced solid-state battery components to power the next generation of electric vehicles, power tools, and mobile electronics - raised $11 million ...
Project Finance Brief: Blue Elephant Acquires 120 MW of Solar Projects in the Netherlands
From: Mercom Capital Group Blue Elephant Energy (BEE), a Hamburg-based independent operator of solar and wind projects, acquired six ready-to-build solar projects in the Netherlands with an overall capacity of ...
Funding and M&A Roundup: Israeli Battery Technology Company Addionics Raises $27 Million
From: Mercom Capital Group Addionics, a chemistry-agnostic battery technology company, has raised $27 million in a Series A funding round to scale up its efforts to redesign battery architecture with the company’s Smart ...
Funding and M&A Roundup: Factorial Energy Raises $200 Million for Solid-State Battery
From: Mercom Capital Group Factorial Energy, a solid-state battery company, raised $200 million in a Series D funding round led by Mercedes-Benz (DAI) and Stellantis. Funding will be used to accelerate commercial production ...
Project Finance Brief: Cordelio Power Acquires a 900 MW Solar Project Pipeline
From: Mercom Capital Group Cordelio Power, a renewable power producer, acquired a 900 MW pipeline of utility-scale solar projects from SunEast Renewables, a solar project developer. The projects are located primarily in New ...
Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project
MidAmerican Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, announced its plans for a $3.9 billion renewable energy project in Iowa, United States. The proposed project called ‘Wind PRIME’ ...
Daily News Wrap-Up: Hero Electric Partners with Mahindra to Boost its EV Manufacturing
Here are some noteworthy cleantech announcements of the day from around the world: Hero Electric and the Mahindra Group announced their collaboration intent as part of Hero's growth and expansion ...
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 ...
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 ...
