From: Mercom Capital Group

Tandem PV, a perovskite-based solar panel developer, has secured $50 million in Series A and debt funding, which it plans to use to construct a commercial-scale manufacturing facility in the U.S. and speed up the adoption of its solar panels. The funding was led by Eclipse, with participation from Constellation Energy, Planetary Technologies, Uncorrelated Ventures, Trellis Climate, Tom Werner, former CEO of SunPower, Stifel Bank, CSC Leasing, and other existing and new investors.

Global investment group CDPQ has announced it will acquire all the issued and outstanding common shares of renewable power producer Innergex Renewable Energy for $13.75 per share in cash. The acquisition marks an approximately 58% increase over the closing price of common shares on the Toronto Stock Exchange. The acquisition was approved by Innergex’s common shareholders, fulfilling other customary closing conditions as well. The total transaction value is $10 billion.

Lithium Americas, a mineral and mining company, has announced an investment of $250 million from fund entities managed by Orion Resource Partners (Orion), an investment firm dedicated to metals and materials. The investment will be used to develop and construct Phase 1 of the Thacker Pass lithium project in Humboldt County, Nevada. Lithium Americas expects the strategic investment from Orion to enable it to make an affirmative final investment decision on the Thacker Pass joint venture for Phase 1.

Wang & Lee Group (WLG), a sustainable technology solutions provider specializing in energy storage systems and smart infrastructure, announced its acquisition of SolarHK, a solar energy company, through an allotment of shares valued at approximately HK$15 million (~$1.9 million). The acquisition is expected to create synergies between WLG’s lithium-ion battery research, which was developed in collaboration with the City University of Hong Kong, and SolarHK’s solar technology and network.

Omnidian, a performance assurance provider for renewable energy assets, announced its acquisition of Solar Service Guys (SSG), which provides system lifecycle service and support for residential and commercial solar investors. As per the terms of the agreement, SSG will be a fully integrated subsidiary of Omnidian, operating within Omnidian’s Australian arm.

Independent power producer JSW Energy has raised ₹12 billion (~$137.70 million) through private placement of Non-Convertible Debentures (NCDs). In a BSE filing, the company said its finance committee had approved the allotment of 120,000 unsecured, rated, listed, taxable, redeemable NCDs, each with a face value of ₹100,000 (~$1,147). The issuance has been structured into two tranches with distinct tenures and interest rates.

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

Read last week’s Funding and M&A Roundup.