Author Archives: Staff
Project Finance Brief: AES Corporation to Acquire a 195 MW Solar Project in Indiana
From: Mercom Capital Group AES Indiana, a subsidiary of the AES Corporation, is to acquire the Hardy Hills 195 MW solar project in Clinton County, Indiana. Construction on the project ...
Project Finance Brief: 7X Energy Sells 130 MW Solar Project to KOMIPO America
From: Mercom Capital Group 7X Energy, a utility-scale solar developer, owner, and asset manager, has sold its 130 MW Elara Energy project located in Frio County, Texas, to KOMIPO America, ...
Funding and M&A Roundup: RayGen Resources Raises A$27 Million for Solar-Plus-Storage
From: Mercom Capital Group RayGen Resources, an Australian deep-technology originator and developer of innovative solar-plus-storage projects, has secured A$27 million (~$20 million) funding as part of a Series C Capital ...
Funding and M&A Roundup: NEXT Energy Technologies Closes $13.4 Million Series C Funding
From: Mercom Capital Group NEXT Energy Technologies, makers of a proprietary transparent photovoltaic coating that transforms commercial windows into energy-producing solar panels, announced that it had raised $13.4 million in ...
Project Finance Brief: bp to Acquire 9 GW of Solar Project Pipeline in the US from 7X Energy
From: Mercom Capital Group bp, a multinational oil, and gas company reached an agreement to purchase 9 GW of solar development projects in the U.S. from independent solar developer 7X ...
How to Precisely Install AC Circuit Breakers in a Solar PV System
Background String inverter specialist Solis has analyzed in detail why a fuse box circuit breaker of a solar photovoltaic (PV) system must not be reversed (power line enters the load ...
Funding and M&A Roundup: Aurora Solar Raises $250 Million in Series C Funding
From: Mercom Capital Group Aurora Solar, a U.S.-based solar software company, has closed a $250 million Series C funding round led by Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures ...
Project Finance Brief: Sonnedix Acquires a 22 MW Solar Portfolio in Italy
From: Mercom Capital Group Sonnedix, an independent solar power producer (IPP), has completed the acquisition of a 22.3 MW portfolio of solar PV projects located in Italy from Spanish IPP ...
Funding and M&A Roundup: Aker Horizons Acquires Mainstream Renewable Power
From: Mercom Capital Group Aker Horizons, an investment company, closed the transaction to acquire Mainstream Renewable Power, an independent renewable energy company. Existing Mainstream shareholders have re-invested and retained 25% ...
Project Finance Brief: Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile
From: Mercom Capital Group Sonnedix, the global solar independent power producer, and Cox Energy América, a solar energy company, closed a $120 million financing from Sumitomo Mitsui Bank Corporation through ...
Project Finance Brief: Sonnedix Raises €172 Million to Refinance its Solar Projects
From: Mercom Capital Group Sonnedix Japan, the Japanese subsidiary of global solar independent power producer Sonnedix, has achieved financial close of €172 million (~$209 million) for the refinancing of a ...
Funding and M&A Roundup: Solar Cell Manufacturer Exeger Raises $38 Million
From: Mercom Capital Group Exeger, the Sweden-based solar cell manufacturer, secured $38 million in financing to start building its new solar cell factory in Stockholm, Sweden. This financing round includes ...
Project Finance Brief: Lightsource bp Acquires 156 MW Solar Projects in Italy
From: Mercom Capital Group Lightsource bp, a solar project developer, acquired three projects from Horizon Firm, a developer specialized in solar, totaling 156 MW, across the country. Two of the ...
Funding and M&A Roundup: Battery Company Solid Power Raises $130 Million
From: Mercom Capital Group Solid Power, producer of all-solid-state batteries for electric vehicles, raised a $130 million Series B investment round led by the BMW Group, Ford Motor Company, and ...
Upgrade a Grid-Tied Solar PV System to an Energy Storage System
In recent years, residential energy storage systems have become increasingly popular, especially in the United States, South Africa, Australia, and across Europe. The primary reasons for this trend include: Extreme ...
Funding and M&A Roundup: Residential Solar Installer SunRoof Raises €4.5 Million
From: Mercom Capital Group PosiGen, a provider of renewable energy and efficiency solutions for low-to-moderate-income households, closed a Series D growth equity financing with an additional $27 million investment from ...
Project Finance Brief: Goldman Sachs’ Renewable Arm to Finance 216 MW Solar Projects
From: Mercom Capital Group CS Energy, an integrated energy firm that designs and builds optimized projects in the solar, storage, and emerging energy industries, has partnered with the Goldman Sachs ...
Project Finance Brief: Opdenergy Secures €500 Million for Solar Projects in Spain
From: Mercom Capital Group Opdenergy, an independent renewable energy producer focused on solar photovoltaic and onshore wind technologies, has closed with BBVA the underwriting mandate for the financing of the ...
Funding and M&A Roundup: Solar Tracking Systems Company FTC Solar Files for IPO
From: Mercom Capital Group FTC Solar, a provider of solar tracker systems, technology, software, and engineering services, announced that it has filed for an initial public offering (IPO) of shares ...
C&I (Ground-Mount) Project of the Year: Amp Energy India’s Open Access Solar Project
Amp Energy India emerged as one of the winners at the Solar Awards 2021 in the recently-held Mercom India Solar Summit 2021. The renewable energy power producer bagged the accolade ...
IT Major Wipro Pledges Net-Zero Greenhouse Gas Emissions by 2040
Information technology giant Wipro Limited has pledged to achieve net-zero greenhouse gas emissions by 2040 in line with the objective of the Paris Agreement to cap temperature rise to 1.5°C ...
Electric Vehicles Sales Decline 20% YoY in FY 2020-21
The Society of Manufacturers of Electric Vehicles (SMEV) has said 236,802 electric vehicles (EV) were sold in India in financial year (FY) 2020-21, registering a drop of 20% over the ...
Daily News Wrap-Up: Torrent Awarded PPA for 300 MW Solar Project in Gujarat
Here are some noteworthy cleantech announcements of the day from around the world: Power developer and generator Torrent Power Limited has been awarded a long-term power purchase agreement (PPA) for ...
Saudi Arabia’s ACWA Power Secures $114 Million for the 200 MW Solar Project in Egypt
Saudi Arabia’s energy giant ACWA Power has received a $114 million financing package for the 200 MW Kom Ombo solar project in Egypt from four agencies. The European Bank for ...
Deutsche Bank Commits to Carbon Neutrality by 2050, Joins Net Zero Banking Alliance
Deutsche Bank has joined the new Net Zero Banking Alliance (NZBA), whose signatories commit to reaching carbon neutrality by 2050. The NZBA was recently formed with 43 banks from 23 ...
