WACKER Chemie’s Polysilicon Sales Doubles YoY in 2021 with €1.53 Billion
WACKER Chemie AG, the Munich-based chemical group’s polysilicon division which manufactures components for the solar modules, reported sales of €1.53 billion (~$1.71 million), a two-fold increase from the previous year’s ...
In a Turnaround, Suzlon Posts ₹370 Million Net Profit in Q3 FY 2022
Pune-based renewable energy solutions provider Suzlon Energy Limited has reported a turnaround with a net profit after tax of ₹370 million (~$4.93 million) in the third quarter (Q3) of the ...
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 ...
GIP to Invest $500 Million in Renewable Energy Developer BrightNight
Global Infrastructure Partners (GIP), a U.S.-based infrastructure fund manager, and its co-investors announced that it would invest $500 million in BrightNight, an independent renewable power producer, through Global Infrastructure Partners Capital Solutions ...
ReNew Power Sells its Rooftop Solar Portfolio for ₹6.72 Billion
Indian renewable energy developer ReNew Power announced that it has sold its 117 MW of rooftop solar portfolio to distributed solar company Fourth Partner Energy for ₹6.72 billion (~$89.9 million). The net proceeds ...
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 ...
8minute Solar Energy Raises $400 Million from EIG
8minute Solar Energy, a US-based solar energy company, announced closing $400 million in financing from EIG, a U.S.-based institutional investor. The funding agreement includes a portion of growth equity and a ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
