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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 (~$3.55 billion) for renewable energy projects across Europe and around the globe. This would be a part of ...
₹110 Billion Has Been Invested for Bihar’s Electrification in Recent Years: RK Singh
The Union Minister of Power and New & Renewable Energy, R.K. Singh, announced that the Ministry of Power (MoP) had invested ₹110 billion (~$ 1.5 billion) for electrification in Bihar ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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
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 ...
