From: Mercom Capital Group

Voltfang, an energy storage solutions provider, raised €15 million (~$17 million) in a Series B funding round led by Dutch investor FORWARD.One. With this new funding, Voltfang aims to scale its production capacities and deliver an additional 250 MWh of sustainable battery storage across Europe by the end of 2026. The company will also continue developing its AI-integrated energy management system, Venma.

NTPC has raised an unsecured $750 million via an external commercial borrowing syndicated term loan facility. This loan will include a base issue of $500 million and a greenshoe option of $250 million, with a door-to-door tenor of 10 years and an average maturity of seven years. The proceeds will be utilized towards financing NTPC’s capital expenditure for existing or new capacity addition programs.

Indian Renewable Energy Development Agency, has raised ₹20.06 billion (~$234.71 million) through qualified institutional placement (QIP) of shares. The company issued a total of 121,466,562 equity shares at a price of ₹165.14 (~$1.93) per share, which includes a premium of ₹155.14 (~$1.82). The issue price was set at a 5% discount, or ₹8.69 (~$0.10), on the floor price. Among the participants, the Life Insurance Corporation of India emerged as the largest investor in the QIP.

KKR, a global investment firm, has signed definitive agreements to acquire Zenith Energy, an independent power producer, from a consortium that includes Pacific Equity Partners, OPSEU Pension Trust, and Foresight Group. According to the agreements, Zenith’s founder and management will retain a minority stake in the company. The transaction is expected to close in late 2025, subject to customary regulatory approvals.

Exagon Impact Capital, a private equity firm, announced that it has acquired a controlling stake in SunRoof, a Latin American renewable energy platform, through its inaugural fund, Exagon Latin America Fund I (XLA I). SunRoof is a clean energy provider serving commercial and industrial clients through solar and battery storage solutions. With this acquisition, the XLA I portfolio is expected to strengthen its presence in Latin America’s middle-market renewable energy sector.

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.