Plug Power Raises $1 Billion to Develop Green Hydrogen Network in the US

Plug Power Raises $1 Billion to Develop Green Hydrogen Network in the US

Plug Power, a U.S.-based provider of hydrogen engines and fueling solutions enabling e-mobility, announced that it raised around $1 billion in one of the largest bought equity deals in the ...
/ / Finance and M&A, Other
IL&FS Initiates the Acquisition of its Subsidiary Energy Advisory Business

IL&FS Initiates the Acquisition of its Subsidiary Energy Advisory Business

The Infrastructure Leasing and Financial Services Limited (IL&FS) has invited expressions of interest (EoI) for the acquisition of the energy advisory business of its subsidiary IL&FS Energy Development Company Limited ...
/ / Finance and M&A, Other
Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Exide Industries Limited, an Indian battery manufacturer, said that it invested ₹331.7 million (~$4.49 million) in its subsidiary Exide Leclanche Energy Private Limited by way of subscription of the subsidiary’s ...
/ / Finance and M&A, Other
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
Solar Homes, Battery Rollout a Large Part of the $797 Million Budget for Australia’s Victoria

Solar Homes, Battery Rollout a Large Part of the $797 Million Budget for Australia’s Victoria

The Australian state of Victoria is investing $797 million to help citizens cover their electricity bill costs and make homes more energy efficient. "The victorian budget 2020/21 will deliver the ...
/ / Finance and M&A, Other
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
Distributed Renewables Platform Voltus Raises $25 Million in Series B Financing

Distributed Renewables Platform Voltus Raises $25 Million in Series B Financing

The U.S.-based distributed energy resources (DER) platform, Voltus, Inc., raised $25 million in a Series B financing round. NGP Energy Technology Partners III (NGP ETP III) led the round, including ...
/ / Finance and M&A, Other
CenterPoint Properties Raises $250 Million Through Green Bonds

CenterPoint Properties Raises $250 Million Through Green Bonds

CenterPoint Properties, a U.S.-based industrial real-estate company, announced the closing of its inaugural green bond issuance. The company raised $250 million through the private placement of the green bonds. Green ...
/ / Finance and M&A, Other
Power Sector Financier REC Ltd to Increase its Borrowing Limit to ₹4.5 Trillion

Power Sector Financier REC Ltd to Increase its Borrowing Limit to ₹4.5 Trillion

REC Ltd, a public infrastructure finance company in India’s power sector, has received the approval to raise its overall borrowing limit to ₹4.5 trillion (~$60 billion). The foreign currency borrowing ...
/ / Finance and M&A, Other
EV Charging Network Provider ChargePoint Signs Deal to List on New York Stock Exchange

EV Charging Network Provider ChargePoint Signs Deal to List on New York Stock Exchange

ChargePoint, a U.S.-based electric charging network company, announced that it had signed a definitive business combination agreement with publicly traded special-purpose acquisition company Switchback Energy Acquisition Corporation. The transaction is ...
/ / Finance and M&A, Other
EIB to Provide $3.55 Billion for Renewable Expansion in Europe and Beyond

EIB to Provide $3.55 Billion for Renewable Expansion in Europe and Beyond

The European Investment Bank (EIB) announced that it would provide €3 billion (~$3.55 billion) for renewable energy projects across Europe and around the globe. This would be a part of ...
/ / Finance and M&A, Other
₹110 Billion Has Been Invested for Bihar’s Electrification in Recent Years: RK Singh

₹110 Billion Has Been Invested for Bihar’s Electrification in Recent Years: RK Singh

The Union Minister of Power and New & Renewable Energy, R.K. Singh, announced that the Ministry of Power (MoP) had invested ₹110 billion (~$ 1.5 billion) for electrification in Bihar ...
/ / Finance and M&A, Other
China's FDI in India's Non-Conventional Energy Space Shrunk in 2019-20

China’s FDI in India’s Non-Conventional Energy Space Shrunk in 2019-20

China's foreign direct investment (FDI) in the Indian non-conventional energy segment was just 3.14% of the total Chinese FDI over the last five years, indicated minister of state for finance, ...
/ / Finance and M&A, Other
Investment of Over $710 Million Planned to Enhance IKEA’s Sustainability Commitment

Investment of Over $710 Million Planned to Enhance IKEA’s Sustainability Commitment

Netherlands-based Ingka Group announced its plans to invest €600 million (~$710 million) over the coming year to help IKEA, its subsidiary, keep its commitment to become climate positive by 2030 ...
/ / Finance and M&A, Other
France to Invest Over $35 Billion to Boost the Economy Through Renewables

France to Invest Over $35 Billion to Boost the Economy Through Renewables

France has announced its plans to invest €100 billion (~$118.4 billion) to retrieve the economy from the damage caused by the COVID-19 pandemic. As part of its 'France Relance' (France ...
/ / Finance and M&A, Other
EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors

EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors

Ultraviolette Automotive Private Limited, a Bangalore-based electric vehicle (EVs) startup, announced that it had secured ₹300 million (~$4.08 million) from TVS Motor Company in a Series B funding round. TVS ...
/ / Finance and M&A, Other
EESL to Buy 250 EVs from Tata and Hyundai to Upgrade Government’s Fleet

EESL to Buy 250 EVs from Tata and Hyundai to Upgrade Government’s Fleet

The Energy Efficiency Services Limited (EESL) announced its plans to acquire 250 electric vehicles (EVs) from Tata Motors and Hyundai Motor India for use by the Indian Government. Tata Motors will supply 150 of ...
/ / Finance and M&A, Other
EV Ride-Hailing Platform BluSmart Secures ₹510 Million

EV Ride-Hailing Platform BluSmart Secures ₹510 Million

BluSmart, an electric ride-hailing platform, announced that it secured ₹510 million (~$6.89 million) in its pre-series A funding round from multiple investors. According to its press release, investors like Inflection ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Indian Lithium-ion battery Maker Grinntech Raised $2 million

Funding and M&A Roundup: Indian Lithium-ion battery Maker Grinntech Raised $2 Million

Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: SenseHawk, a SaaS platform that helps customers develop, build, and operate ...
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Project Finance Brief_ Kruger Energy Sells a 523 MW Solar Project Portfolio to Ecoplexus

Project Finance Brief: Kruger Energy Sells a 523 MW Solar Project Portfolio to Ecoplexus

Here are some of the important project finance deals from the global renewable energy industry over the past week: Saudi Arabia's ACWA Power, a developer, owner, and operator of power ...
/ / Finance and M&A, Other
EnerVenue Secures $12 Million in Seed Funding to Develop Metal-Hydrogen

EnerVenue Secures $12 Million in Seed Funding to Develop Metal-Hydrogen Batteries

EnerVenue, a U.S.-based renewable storage battery manufacturer, announced that it secured $12 million in seed funding on its launch. The Chairman of Towngas, Peter Lee, led the seed funding round ...
/ / Finance and M&A, Other
L&T Sells its Electrical and Automation Business to Schneider Electric

L&T Sells its Electrical and Automation Business to Schneider Electric

Larsen & Turbo (L&T) announced that it divested its electrical and automation (E&A) business to European energy and automation company Schneider Electric. Schneider Electric will own a 65% stake in ...
Mumbai’s Epsilon Carbon to Invest $70 Million in Battery Material Manufacturing Facility

Mumbai’s Epsilon Carbon to Invest $70 Million in Battery Material Manufacturing Facility

Epsilon Carbon, a coal chemical processing company, announced that it plans to invest $70 million (~₹5.2 billion) over the next five years towards establishing 50,000 tons of anode material manufacturing ...
Siemens India Set to Acquire C&S Electric

Siemens India Set to Acquire C&S Electric

The Competition Commission of India (CCI) has approved the proposed acquisition of New Delhi-based C&S Electric by Siemens Limited. The proposed move will lead to the acquisition of 100% of ...
/ / Finance and M&A, Other