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<p>From: <a href="https://mercomcapital.com/funding-and-ma-wrap-up-alberton-acquires-solarmax/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Kroll Bond Rating Agency (KBRA) </strong><a href="https://tinyurl.com/mercomkblp" target="_blank" rel="noopener noreferrer"><strong>assigned</strong></a><strong> preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-3 and Loanpal Solar Loan 2020-3, an asset-backed securitization collateralized by a pool of residential solar loans. </strong>The collateral in the deal includes approximately $434.50 million of residential solar loans as of the September 28, 2020 cut-off date. The preliminary ratings reflect the initial credit enhancement levels ranging from 25.01% for the Class A notes to 10.80% for the Class C notes.</p>
<p><strong>Sweden-based solar energy company Absolicon</strong> <strong>has </strong><a href="https://www.absolicon.com/temiz-yaratici-teknolojiler-signs-framework-agreement-with-absolicon-to-acquire-production-line-in-turkey/" target="_blank" rel="noopener noreferrer"><strong>signed</strong></a><strong> a framework agreement with</strong> <strong>Temiz Yaratici Teknolojiler (TYT), a Turkish company developing renewable technologies, to acquire a production line for the T160 solar collector in Turkey during 2023. </strong>The total sales value covered by the agreement is estimated at €4-5 million (~$4.7- 5.8 million) plus a monthly license fee of 4% and sales of components. The framework agreement prescribed the principles for the separate agreements to be drawn up.</p>
<p><strong>Alberton Acquisition, along with its wholly-owned subsidiary Alberton Merger Subsidiary, and SolarMax Technology has </strong><a href="https://tinyurl.com/mercomalbq" target="_blank" rel="noopener noreferrer"><strong>inked</strong></a><strong> a merger agreement, wherein Merger Subsidiary</strong> <strong>would combine</strong> <strong>with SolarMax </strong>and the combined surviving corporation of the Merger, SolarMax will become a direct wholly-owned subsidiary of Alberton. Under the terms of the Merger Agreement, SolarMax stockholders will receive consideration in the form of newly issued Alberton equity securities, having a value of $300 million.</p>
<p><strong><a href="https://leadingedgetech.io/" target="_blank" rel="noopener noreferrer">Leading Edge Equipment Technologies</a>, </strong><strong>a U.S.-based silicon wafer manufacturer, <a href="https://mercomindia.com/solar-wafer-maker-leading-secures/" target="_blank" rel="noopener noreferrer">announced</a> that it secured $7.6 million through Series A financing led </strong><strong>by Prime Impact Fund</strong>. Clean Energy Ventures and DSM Venturing also participated in the Series A financing round. According to the company, it&#8217;s a new drop-in manufacturing technology that produces single-crystal silicon wafers would reduce silicon wafer costs by around 50%. It would also enhance commercial solar panel power by 7% while reducing the manufacturing emissions by over 50%, the company added.</p>
<p><strong>Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development finance institution and a KfW Group subsidiary, has <a href="https://mercomindia.com/avaada-10-million-funding-deg/" target="_blank" rel="noopener noreferrer">pledged</a> $10 million</strong> in funding to Indian solar energy company Avaada Energy Private Limited.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener noreferrer"><strong>here</strong></a>.</p>
<p>Read last week’s funding <a href="https://mercomindia.com/funding-and-ma-wrap-up-scatec-solar-2/" target="_blank" rel="noopener noreferrer"><strong>roundup</strong></a>.</p>
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Funding and M&A Roundup: Alberton Acquires Solarmax in Another Cleantech SPAC Deal

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