Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global corporate funding in the solar sector, including venture capital (VC) funding, private equity, public market, and debt financing, stood at a record ten-year high of $27.8 billion in 2021, ...
/ / Finance and M&A, Solar
Scottish Power Acquires 800 MW of Solar Projects From Elgin and Lightsource bp

Scottish Power Acquires 800 MW of Solar Projects From Elgin and Lightsource bp

ScottishPower, a subsidiary of Iberdrola Group, has signed deals to acquire 17 solar photovoltaic (PV) projects with over 800 MW capacity in the United Kingdom. The first deal includes 12 ...
/ / Finance and M&A, Solar
Project Finance Brief: Matrix Renewables to Acquire a 440 MW Solar Portfolio

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 ...
/ / Finance and M&A, Solar
Pine Gate Renewables Secures a $500 Million Credit Facility for Solar Expansion

Pine Gate Renewables Secures a $500 Million Credit Facility for Solar Expansion

Pine Gate Renewables, a solar project developer, has secured a $500 million credit facility from Fundamental Renewables to finance the development and construction of its utility-scale solar and storage projects ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Jinko Solar Expects to Raise RMB 10 Billion Through IPO

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 ...
/ / Finance and M&A, Solar
Blackstone to Invest Nearly $3 Billion in Renewable Energy Developer Invenergy

Blackstone to Invest Nearly $3 Billion in Renewable Energy Developer Invenergy

Global investment firm Blackstone has announced that funds managed by Blackstone Infrastructure Partners will invest approximately $3 billion equity investment in Invenergy Renewables Holdings. Caisse de dépôt et placement du ...
/ / Finance and M&A, Solar
ReNew Power Raises $400 Million Through Green Bonds

ReNew Power Raises $400 Million Through Green Bonds

Indian renewable energy developer ReNew Energy Global announced that its wholly-owned subsidiary, India Clean Energy Holdings, has raised $400 million at 4.5% by issuing senior secured dollar notes. Climate Bonds Initiative ...
/ / Finance and M&A, Solar
Project Finance Brief: Recurrent Energy to Sell 150 MW Firefly Energy Solar Project

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: US Solar Developer Silicon Ranch Raises $775 Million

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 ...
/ / Finance and M&A, Solar
Project Finance Brief: Scout Clean Energy Acquires 369 MW Blue Sky Solar Project from RES

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Amp Energy Secures Green Loan for a 60 MW Solar Project

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup Belectric’s European Solar Business Acquired by Elevion Group

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 ...
/ / Finance and M&A, Solar
REC Limited to Avail a Loan of $169.5 Million from KfW Bank to Finance Solar Projects

REC Limited to Avail a Loan of $169.5 Million from KfW Bank to Finance Solar Projects

REC Limited, a public infrastructure finance company involved in financing power projects, has entered into an agreement with Germany-based KfW Development Bank to avail official development assistance (ODA) loan of $169.5 million ...
/ / Finance and M&A, Solar
AES Corporation Acquires Community Energy to Boost its Solar & Storage Project Pipeline

AES Corporation Acquires Community Energy to Boost its Solar & Storage Project Pipeline

Energy firm AES Corporation has acquired Community Energy, a U.S.-based solar developer, to expand its solar and storage project pipeline. AES has signed power purchase agreements (PPAs) to deliver 4 GW ...
/ / Finance and M&A, Solar
CleanMax Raises $34 Million to Expand C&I Renewable Energy Portfolio

CleanMax Raises $34 Million to Expand C&I Renewable Energy Portfolio

Indian renewable energy company CleanMax has received $34 million in funding from the Danish Investment Fund for Developing Countries (IFU). The company is expected to utilize the funding to enhance its commercial ...
/ / Finance and M&A, Solar
Project Finance Brief: VTRM Acquires 635 MW Jaiba V Solar Project in Brazil

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 ...
/ / Finance and M&A, Solar
Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell New Energies, a subsidiary of Royal Dutch Shell, has signed an agreement to buy a 100% stake in Savion, a utility-scale solar and energy storage developer in the U.S., from Macquarie's ...
/ / Finance and M&A, Solar
Ayana Renewables Acquires 250 MW Solar PV Project from ACME

Ayana Renewables Acquires 250 MW Solar PV Project from ACME

Bengaluru-based renewable energy platform Ayana Renewable Power Private Limited has announced a deal to acquire a 100% equity stake in a 250 MWac solar photovoltaic (PV) power project, developed and operated by ...
/ / Finance and M&A, Solar
Azure Power’s Revenue Increases 25% YoY to ₹4.38 Billion in Q2 FY 2022

Azure Power’s Revenue Increases 25% YoY to ₹4.38 Billion in Q2 FY 2022

Azure Power, an independent solar power producer, has reported a 25% year-over-year (YoY) increase in its operating revenue in the second quarter (Q2) of the financial year (FY) 2022, driven ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Canadian Solar Issues €30 Million Green Bond

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 ...
/ / Finance and M&A, Solar
Five Banks Facilitate Green Loan to Fund Reliance’ REC Solar Acquisition

Five Banks Facilitate Green Loan to Fund Reliance’ REC Solar Acquisition

Reliance Industries (RIL) has availed $736 million equivalent green loans from five banks to fund its acquisition of Norway-headquartered solar cells, modules, and polysilicon manufacturer REC Solar Holdings. The five ...
/ / Finance and M&A, Solar
Virescent Acquires 49 MW of Operating Solar Projects from Focal Energy

Virescent Acquires 49 MW of Operating Solar Projects from Focal Energy

Virescent Renewable Energy Trust, a platform created by global investment company KKR to acquire renewable energy assets in India, announced that it had acquired a 49 MW solar portfolio from ...
/ / Finance and M&A, Solar
DFC Approves $500 Million Debt Finance for First Solar’s 3.3 GW Module Plant in India

DFC Approves $500 Million Debt Finance for First Solar’s 3.3 GW Module Plant in India

The U.S. International Development Finance Corporation (DFC) has approved $500 million of debt financing to First Solar to set up a 3.3 GW vertically integrated solar module manufacturing facility in ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Energy Dome Raises $11 Million in Series A Funding Round

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 ...
/ / Finance and M&A, Solar
Solar Module Maker Central Electronics Sold to Nandal Finance for ₹2.10 Billion

Solar Module Maker Central Electronics Sold to Nandal Finance for ₹2.10 Billion

The Union Government has approved the sale of the government-owned solar cell and module manufacturer Central Electronics Limited (CEL) to Nandal Finance and Leasing Private Limited for ₹2.10 billion (~$28.02 ...
/ / Finance and M&A, Solar