Author Archives: Staff
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 ...
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 ...
