From: Mercom Capital Group

Sunrun, a provider of residential solar energy solutions, has priced $629 million in the securitization of leases and power purchase agreements. ATLAS SP Partners was the sole structuring agent and served as joint book-runner alongside BofA Securities, Morgan Stanley, MUFG, and TD Securities. First Citizens Capital Securities and ING acted as co-managers for the securitization. This marks the company’s 13th securitization since 2015 and its first issuance in 2025.

Encore Renewable Energy, a renewable energy developer and operator, secured a $389 million financing solution from Brookfield through its infrastructure debt platform. The funding structure combines a construction-to-term debt loan and a tax equity bridge into one debt facility, along with a separate preferred equity facility specifically for tax equity financing. This funding will allow the company to expand its efforts as an independent power producer.

REC Silicon, a company that produces advanced silicon materials for the solar and electronics industries and a wholly owned subsidiary of REC Silicon ASA, has secured a $40 million term loan with Hanwha International, an affiliate of the company’s two largest shareholders, Hanwha Solutions and Hanwha Corporation. This loan is expected to support REC Silicon’s liquidity position and provide it with the capital necessary to cease production at Moses Lake safely and in compliance with applicable regulations.

Cancrie, an energy storage company, has raised $1.2 million (₹103.62 million) in a maiden institutional seed round from Roots Ventures and IIMA Ventures. The funds will be used to scale production, accelerate research and development, and forge partnerships to integrate its advanced nanocarbon materials into next-generation energy storage devices. The company aims to produce at least 50,000 batteries per month. Cancrie develops advanced carbon materials for energy storage devices, focusing on sustainability and performance.

Niko Energy, a solar energy startup, has raised a $23 million in a funding round — $8 million in equity and $15 million in financing from local debt investors. The equity funding was led by QED Investors, alongside Picus Capital, 468 Capital and Bridge Latam. The funding will be used for growth as the company plans for nationwide deployment.

For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.

Read last week’s funding roundup.