IL&FS Offers to Sell its Stake in a 6.5 MW Wind Project

IL&FS Offers to Sell its Stake in a 6.5 MW Wind Project

The Infrastructure Leasing and Financial Services Limited (IL&FS) has invited expression of interest (EoI) to acquire 100% shares of Ramagiri Renewable Energy (6.5 MW wind project) and purchase fixed assets ...
/ / Finance and M&A, Other
Bill Gates Launches Breakthrough Energy Catalyst to Boost Cleantech Funding & Innovation

Bill Gates Launches Breakthrough Energy Catalyst to Boost Cleantech Funding & Innovation

The co-founder of Microsoft Corporation and the billionaire philanthropist Bill Gates has teamed up with a group of philanthropists, companies, and governments to launch a new climate financing program - ...
/ / Finance and M&A, Other
GODI Energy Raises Funds from Blue Ashva to Set Up Supercapacitor & Li-ion Cell Facility

GODI Energy Raises Funds from Blue Ashva to Set Up Supercapacitor & Li-ion Cell Facility

Hyderabad-based energy technology company GODI India has raised funds from Blue Ashva Capital through its Blue Ashva Sampada Fund. The company will use the funds to set up supercapacitor and lithium-ion (Li-ion) cell ...
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Energy Storage Start-Up Indi Energy Raises Seed Funding from Mumbai Angels

Energy Storage Start-Up Indi Energy Raises Seed Funding from Mumbai Angels

Indi Energy, an Indian energy storage start-up, has raised an undisclosed amount in seed funding from Mumbai Angels Network, a start-up investment platform for early-stage venture investment. Indi Energy said it ...
/ / Finance and M&A, Other
Renewable Technology Company Heliogen to Go Public in a $2 Billion SPAC Deal

Renewable Technology Company Heliogen to Go Public in a $2 Billion SPAC Deal

Heliogen, a California-based renewable technology company, has signed an agreement for a business combination with Athena Technology Acquisition Corp, a special purpose acquisition company (SPAC), resulting in Heliogen becoming a publicly ...
Saudi-Based Alfanar Completes Acquisition of Wind Turbine Maker Senvion India

Saudi-Based Alfanar Completes Acquisition of Wind Turbine Maker Senvion India

Saudi Arabia-based renewable energy projects developer Alfanar – has acquired 100% stake in wind turbine original equipment manufacturer (OEM) Senvion India from Senvion GmbH. The acquisition was made through Global ...
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Climate Financing by Multilateral Development Banks Reaches $66 Billion in 2020

Climate Financing by Multilateral Development Banks Reaches $66 Billion in 2020

A group of nine multilateral development banks (MDBs) have published a report on Climate Finance 2020. The report reveals that the MDBs provided a total of $66 billion towards green ...
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Battery Management Company ION Energy Raises $3.6 Million (1)

Battery Management Company ION Energy Raises $3.6 Million

ION Energy, an advanced battery management solutions provider for e-mobility and energy storage applications has announced that it has raised $3.6 million in Pre-Series A funding. The funding was raised ...
Battery Company Solid Power to Go Public in a $1.2 Billion SPAC Deal

Battery Company Solid Power to Go Public in a $1.2 Billion SPAC Deal

Producer of all-solid-state batteries for electric vehicles Solid Power and Decarbonization Plus Acquisition Corporation III (DCRC), a special purpose acquisition company (SPAC), have announced a definitive agreement for a business ...
/ / Finance and M&A, Other
Lithium-Ion Battery Maker Northvolt Raises $2.75 Billion to Finance Expansion Plans

Lithium-Ion Battery Maker Northvolt Raises $2.75 Billion to Finance Expansion Plans

Sweden-based lithium-ion battery manufacturer Northvolt has signed a $2.75 billion private placement to finance its battery cell production expansion and research and development (R&D) efforts. The annual production capacity of ...
/ / Finance and M&A, Other
Project Finance Brief: 7X Energy Sells 130 MW Solar Project to KOMIPO America

Project Finance Brief: 7X Energy Sells 130 MW Solar Project to KOMIPO America

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, a U.S. subsidiary of ...
/ / Finance and M&A, Other
Funding and M&A Roundup RayGen Resources Raises A$27 Million for Solar-Plus-Storage

Funding and M&A Roundup: RayGen Resources Raises A$27 Million for Solar-Plus-Storage

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 Raise. The private funding ...
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Biofuel Company Greenjoules Raises $4.52 Million from Blue Ashva Capital

Biofuel Company Greenjoules Raises $4.52 Million from Blue Ashva Capital

Pune-based biofuel company Greenjoules has raised ₹330 million (~$4.52 million) in a 'Series A' round of funding from Blue Ashva Capital through its Blue Ashva Sampada Fund. Blue Ashva Capital ...
/ / Finance and M&A, Other
Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

State-owned power transmission company Power Grid Corporation of India (PGCIL) has acquired two transmission projects - Fatehgarh Bhadla Transco Limited and Sikar New Transmission Limited under Phase II, Part-B, and ...
/ / Finance and M&A, Other
REC's Profits Surge 71% Year-Over-Year to ₹83.62 Billion in FY 2021

REC’s Profits Surge 71% Year-Over-Year to ₹83.62 Billion in FY 2021

REC Limited has announced the consolidated financial results for the fourth quarter (Q4) and financial year (FY) 2021. REC's net profit surged by 71% in FY 2021 to ₹83.62 billion ...
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Funding and M&A Roundup Aurora Solar Raises $250 Million in Series C Funding

Funding and M&A Roundup: Aurora Solar Raises $250 Million in Series C Funding

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 and Fifth Wall. In ...
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Project Finance Brief Sonnedix Acquires a 22 MW Solar Portfolio in Italy

Project Finance Brief: Sonnedix Acquires a 22 MW Solar Portfolio in Italy

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 Solarig. The portfolio comprises ...
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Funding and M&A Roundup Aker Horizons Acquires Mainstream Renewable Power

Funding and M&A Roundup: Aker Horizons Acquires Mainstream Renewable Power

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% ownership in the company ...
/ / Finance and M&A, Other
Project Finance Brief Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile

Project Finance Brief: Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile

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 the joint venture Sonnedix ...
/ / Finance and M&A, Other
ADB

ADB to Discontinue Financing Coal Projects

The Asian Development Bank (ADB), under its draft energy policy, has announced that it will discontinue financing any new coal-fired capacity for power and heat generation or any facilities associated ...
Project Finance Brief Sonnedix Raises €172 million to Refinance its Solar Projects

Project Finance Brief: Sonnedix Raises €172 Million to Refinance its Solar Projects

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 55 MW solar project ...
/ / Finance and M&A, Other
Funding and M&A Roundup Solar Cell Manufacturer Exeger Raises $38 Million

Funding and M&A Roundup: Solar Cell Manufacturer Exeger Raises $38 Million

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 debt financing of $12 ...
/ / Finance and M&A, Other
Amazon to Issue $1 Billion Sustainability Bonds to Fund Green Projects

Amazon to Issue $1 Billion Sustainability Bonds to Fund Green Projects

E-commerce giant Amazon has issued a $1 billion sustainability bond to fund ongoing and new projects in five key green spheres. The company aims to finance green and social projects ...
EIB and SBI Launch €100 Million Climate Action and Sustainability Financing

EIB and SBI Launch €100 Million Climate Action and Sustainability Financing

In a significant development, the European Investment Bank (EIB) and the State Bank of India (SBI) have launched a new initiative of €100 million (~$121.63 million) for climate action and ...
Project Finance Brief Lightsource bp Acquires 156 MW Solar Projects in Italy

Project Finance Brief: Lightsource bp Acquires 156 MW Solar Projects in Italy

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 projects are based in ...
/ / Finance and M&A, Other