Solar Glass Manufacturer Borosil Renewables’ Revenue Up by 25% YoY in Q1 FY 2023
India-based solar glass manufacturer Borosil Renewables has announced the financial results for the first quarter (Q1) of the financial year (FY) 2023. The company reported revenue of ₹1.69 billion (~$21.31 ...
Solar Tracker Provider Array Technologies’ Revenue Up by 63% in 1H 2022
U.S.-based solar tracking systems provider Array Technologies has announced the financial results for the first half (1H) and the second quarter (Q2) of the calendar year (CY) 2022. The company ...
Funding and M&A Roundup: Nexeon Raises Over $200 Million for Battey Materials Production
From: Mercom Capital Group Nexeon, a battery materials developer and manufacturer, has completed the second close of its fundraising resulting in a total investment of $170 million. A further $50 million of commercial ...
Project Finance Brief: Enfinity Global Raises $242 Million for Solar Projects in Japan
From: Mercom Capital Group Enfinity Global, a renewable energy company, has secured $242 million (~$¥29 billion) in long-term financing for three solar projects in Japan totaling 70 MW. Nomura, a financial institution, acted ...
Residential Solar Company Sunrun’s Revenue Up by 46% YoY in Q2 2022
Sunrun, a U.S.-based residential solar, battery storage, and energy services company, registered total revenue of $584.6 million in the second quarter (Q2) of the calendar year (CY) 2022, up 46%, ...
Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer
From: Mercom Capital Group PNE AG, a German power-focused renewables company, has acquired 51% of the shares in Coliaenergia (KOLYA), a Spanish developer of large solar projects from Consultoria Industrial Beaguihe and Garisun ...
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project
From: Mercom Capital Group Spearmint Energy, a green merchant trading company developing, owning, operating, and trading around Battery Energy Storage, acquired the 150 MW Revolution battery energy storage project from Con Edison Development, ...
Quality Assets are in Demand as Investments Flow into the Indian Solar Market
India is on the cusp of a renewable revolution, with the government and the industry complementing each other in facilitating the wider adoption of renewable energy in the country. With ...
Investments are Imperative to Achieve India’s Ambitious Solar Target
Foreign investors have been teaming up with local independent power producers to tap into India's booming solar market. Riding on the heels of a growing economy and strong support from ...
Funding and M&A Roundup: FlexGen Power Closes $100 Million Series C Funding
From: Mercom Capital Group FlexGen Power Systems, a provider of integration services and software technology for energy storage solutions, announced the close of a $100 million Series C investment round. The funding ...
Project Finance Brief: Opdenergy Secures Financing for 605 MW of Solar Projects in Spain
From: Mercom Capital Group Opdenergy, an independent renewable energy producer, has signed a green financing agreement of €350 million (~$356.4 million) with BBVA and the European Investment Bank (EIB) for the construction and ...
Mahindra CIE Automotive to Procure Power from Strongsun Solar’s Projects
Mahindra CIE Automotive has agreed to acquire a 26% stake in Strongsun Solar to procure power from two captive solar power projects to be set up in Maharashtra. The estimated ...
Dubai to Invest $11 Billion to Expand Clean Energy Projects
Dubai Electricity and Water Authority (DEWA) plans to invest AED 40 billion (~$10.88 billion) on capital expenditure in the next five years, including expanding renewable and clean energy projects. According ...
Project Finance Brief: Capital Energy Secures €165 Million for Solar and Wind Projects
From: Mercom Capital Group Capital Energy, a Spanish energy company, raised financing of €165 million (~$167 million) for 206 MW solar and wind projects from MEAG, an asset manager of Munich Re ...
Funding and M&A Roundup: Community Solar Firm Summit Ridge Energy Raises $175 Million
From: Mercom Capital Group Summit Ridge Energy, an owner and operator of community solar assets secured a $175 million strategic investment from Apollo Funds, a global investment management firm. Vinson&Elkins acted as legal ...
Funding and M&A Roundup: Lithium-ion Battery Company Northvolt Raises $1.1 Billion
From: Mercom Capital Group Sweden-based lithium-ion battery manufacturer Northvolt signed a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand ...
Solar Financing Startup Aerem Raises $2.5 Million in Pre-Series A Funding
India-based solar financing startup Aerem has raised $2.5 million in pre-Series A funding to build a technology platform to enable end-to-end seamless interaction with various stakeholders. The funding round was ...
NTPC to Transfer 15 Renewable Assets Worth ₹13.65 Billion to its Subsidiary
NTPC has approved the transfer of 15 renewable energy assets to NTPC Green Energy, a wholly-owned subsidiary of NTPC, through a business transfer agreement. Revenue from 15 renewable energy assets ...
Investment Platform PYSE Launches First Fractionally-owned Solar Project in Karnataka
Bengaluru-based PYSE, a retail investment platform for sustainable projects, has launched India's first fractionally-owned solar power project in Karnataka. The 5 MW open access solar project in Chitradurga will be ...
Funding and M&A Roundup: Solar Developer Intersect Power Secures $750 Million in Funding
From: Mercom Capital Group United States-based large-scale renewable energy project developer Intersect Power secured a $750 million growth equity investment led by TPG Rise Climate, with additional participation from existing investors, Climate Adaptive Infrastructure (CAI), and Trilantic Energy ...
Hindalco to Purchase Power from a 5 MW Open Access Wind Project
Hindalco Industries, the aluminum and copper manufacturing subsidiary of Aditya Birla Group, has entered into an agreement to acquire a 26% stake in Cleanwin Energy SIX's 5 MW captive open ...
Project Finance Brief: Matrix Secures $92 Million Funding for Gaskell Solar Projects
From: Mercom Capital Group Matrix Renewables, the TPG Rise-backed global renewable energy platform, has signed a $92 million tax equity funding for the Gaskell West 2 and Gaskell West 3 projects in ...
EnBW to Acquire 800 MW of Solar Projects from Procon in Germany
German electric utility EnBW has agreed to acquire 400 MW of solar projects in Brandenburg from Procon Solar. The agreement includes an option for EnBW to acquire a further 400 ...
Vena Energy Secures Green Loan of $63 Million for a 26 MW Solar Project in Japan
Singapore-based renewable energy company Vena Energy secured a green loan of JP¥8.54 billion (~$63.28 million) to construct the 26 MW Kisarazu Shimogori Solar project in Japan. The project, under construction, ...
Battery Recycling Startup BatX Energies Raises $1.6 Million In Seed Funding Round
India-based lithium-ion battery recycling startup BatX Energies raised $1.6 million in a seed funding round led by JITO Angel Network. The round saw participation from existing investors such as Rohit ...
