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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-forge-nano-raises-50-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Forge Nano, a provider of nanocoating technology for lithium-ion batteries, <a href="https://mercomcapital.com/forge-nano-raises-50-million-to-build-out-battery-production-line/" target="_blank" rel="noopener">closed</a> on $50 million in funding led by key investments from Hanwha Corporate Venture Capital. The funding brings the company’s total amount of capital raised to date to more than $95 million. The financing will enable Forge Nano to pursue its nanotechnology opportunities for battery material and develop a battery production line to meet the demand for full-scale, premium battery contracts.
Renewable energy company Brookfield Renewable is set to <a href="https://mercomcapital.com/brookfield-to-acquire-dukes-utility-scale-renewables-business-for-2-8-billion/" target="_blank" rel="noopener">acquire</a> Duke Energy’s unregulated utility-scale commercial renewables business in the U.S. for approximately $2.8 billion. The amount includes the assumption of debt and non-controlling tax equity interests. Duke Energy expects to receive around $1.1 billion in net proceeds from the transaction, which will be utilized to bolster its balance sheet and prevent the need for additional debt issuances by the holding company.
SK On, a battery technology company and a subsidiary of SK Innovation, has <a href="https://mercomcapital.com/battery-tech-firm-sk-on-secures-944-million-investment-for-global-expansion/" target="_blank" rel="noopener">secured</a> a significant long-term financial investment of up to $944 million to support the continuous growth of its battery business in the global market. The agreement involves SK Innovation, SK On, and the MBK Consortium, which comprises financial investors from the United States, the Middle East, and other regions.
Eolian, a U.S.-based investor in renewable energy projects and a portfolio company of Global Infrastructure Partners, has <a href="https://www.mercomindia.com/renewable-energy-investor-eolian-515-million-green-loan" target="_blank" rel="noopener">announced</a> the closing of a $515 million renewable energy green loan. The company said the financing was secured by its diverse group of eligible green projects developed over the past two decades. The financing saw participation from Banco Santander, Mitsubishi UFJ Financial Group, National Australia Bank, Natixis Corporate and Investment Banking, and Sumitomo Mitsui Banking Corporation.
Amp Energy India, an integrated renewable energy power producer, has <a href="https://www.mercomindia.com/amp-energy-india-expand-renewable-portfolio">secured</a> up to $250 million in funding. The financing round was led by the Sumitomo Mitsui Banking Corporation of Japan, the Intermediate Capital Group, and the Asian Infrastructure Investment Bank. The funding secured by Amp Energy India will enable the company to expand its operations further, accelerate its growth strategy, and leverage the increasing demand for renewable energy solutions across India.
Gujarat-based power company Torrent Power has <a href="https://www.mercomindia.com/torrent-power-6-billion-non-convertible-debentures" target="_blank" rel="noopener">raised</a> ₹6 billion (~$72.7 million) through the issuance of non-convertible debentures on a private placement basis. The company has issued and allotted 60,000 Series 11 (series 11A- 11F) Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, and Non-Convertible Debentures of ₹100,000 each (~$1,212).
About: Energy, a London-based battery technology company, <a href="https://mercomcapital.com/battery-technology-company-about-energy-seed-funding/" target="_blank" rel="noopener">raised</a> £1.5 million (~$1.8 million) in seed funding to accelerate the development and commercialization of its software platform, ‘The Voltt.’ The platform enables battery designers to create virtual prototypes of their products, reducing the cost and time required for testing and validation.
ACCIONA Energía, a renewable energy company, in a joint venture with ACCIONA, <a href="https://mercomcapital.com/acciona-acquires-solar-solutions-solideo/" target="_blank" rel="noopener">announced</a> the acquisition of a majority stake in Solideo, a provider of self-consumption and energy efficiency solutions for residential customers and small and medium-sized enterprises (SMEs) in Spain. Solideo also offers batteries for electric storage, charging points for electric vehicles, and aerothermal air conditioning systems. The integration of Solideo will allow ACCIONA Energía to access its business network, which has a high potential for growth in Spain.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/funding-and-ma-roundup-battery-developer-altris-raises-5-2-million/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://mercomcapital.com/funding-and-ma-roundup-futurasun-acquires-solertix/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Forge Nano Raises $50 Million for Battery Production Line

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					</table><a href="https://www.acciona-energia.com/?_adin=02021864894" target="_blank" rel="noopener">Acciona Energía</a> has acquired the 190 MW/380 MWh battery energy storage system (BESS) facility in Cunningham, Texas, U.S., from <a href="https://www.q-cells.co.uk/" target="_blank" rel="noopener">Qcells</a>, a subsidiary of the South Korean industrial group Hanwha Corporation.
The Madrid-headquartered company said that the deal would also include the acquisition of over 1 GW/2 GWh of BESS projects portfolio at an advanced stage of development.
The deal value has not been disclosed by the involved parties.
The 190 MW/380 MWh facility will be the largest in Texas upon its commissioning in the first quarter of 2023.
It is located 55 miles from Dallas and consists of 159 cabinets of 2.4MWh blocks manufactured by <a href="https://en.sungrowpower.com/" target="_blank" rel="noopener">Sungrow</a> and liquid-cooled cells manufactured by <a href="https://www.catl.com/en/" target="_blank" rel="noopener">CATL</a>.
Acciona said the transaction reinforces its position as a leader in utility-scale storage tech and a player in the energy transition in the U.S.
The company’s acquisition includes seven projects in total — six under development and Cunningham – all of which are eligible for the Investment Tax Credits offered by the U.S.  government to boost the deployment of renewables, increase energy security and help reduce the cost of energy under the <a href="https://mercomindia.com/inflation-reduction-act-faster-transition-clean-energy-u-s/" target="_blank" rel="noopener">Inflation Reduction Act</a>.
Acciona Energía operates over 1GW of wind and concentrating solar power. Additionally, it has a portfolio of four photovoltaic solar plants under construction — Fort Bend Solar (316 MWdc) and Red-Tailed Hawk Solar (460 MWdc) in Texas, High Point Solar (127 MWdc) in Illinois, and Union County Solar (415 MWdc) in Ohio.
Rafael Mateo, CEO of Acciona Energía, said: “This transaction is an important milestone, as it includes the biggest BESS utility-scale project in one of the world’s most developed BESS markets.”
He added that with 1,214 MW operation and under-construction renewable capacity in Texas, the deal is an opportunity for the company to strengthen its presence and optimize the risk profile of its portfolio.
Jae Kyu Lee, President of Qcells USA Corp, said: “Qcells is proud to provide our unique development and EPC solutions to ACCIONA Energía and bring this project to life … We are confident that these projects will benefit the entire energy sector in Texas by making clean, reliable energy more accessible for everyone.”
The standalone battery storage facilities will supply power and ancillary services to the independent system operator, the Electric Reliability Council of Texas (ERCOT).
ERCOT manages electricity transmission, distribution, and commercialization for approximately 90% of the state’s electric load.
Recently, the U.S. Energy Information Administration <a href="https://mercomindia.com/us-battery-utility-scale-storage-capacity-to-gw-by-2025/" target="_blank" rel="noopener">estimated</a> that power developers and project owners would add utility-scale battery storage capacity of up to 30 GW in the country over the next three years.

Acciona Buys Seven Battery Energy Storage Projects with 1 GW Pipeline in Texas

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&amp;A) activity for the wind sector during the second quarter of 2013.
Wind venture capital (VC) funding picked up significantly this quarter amounting to $210 million with the help of some large deals going to project developers in India compared to just $16 million last quarter.
ReNew Power, an Indian wind project developer, attracted $135 million from Goldman Sachs, which raised its total investment in the company to $385 million so far. NSL Renewable Power, also a project developer from India, received $60 million in funding from multiple investors. In two smaller funding deals, IDEOL, a designer and installer of foundations for offshore wind projects, raised $9.1 million, and $6.2 million was received by ROMO Wind, a wind technology company focused on improving wind turbine rotor function.
Announced large-scale project funding in Q2 2013 totaled $3.2 billion in 24 deals compared to $6.2 billion in 29 deals in Q1 2013. There were a total of 42 investors that participated in project funding deals this quarter.
There were six M&amp;A transactions in Q2 2013, amounting to $328 million. The top M&amp;A transaction this quarter was the acquisition of Salus Fundos de Investimento em Participacoes (Salus) by Copel for ~$128 million. PNE WIND purchased a 54 percent share in WKN from former shareholder Volker Friedrichsen Beteiligungs for ~$122 million. Aksa Energy acquired 93 percent stake in Kapidag Ruzgar Enerjisi Elektrik Uretim for ~$67 million. Marmen, a high-precision machining, fabrication and mechanical assembly company, acquired a wind tower plant from Broadwind Energy, an independent services provider for ~$11.7 million. Makani Power was acquired by Google for an undisclosed amount reportedly for its secret Google X skunkworks lab and Urban Wind acquired Myriad Wind for an undisclosed amount.
There was significant project acquisition activity this quarter. Thirty-six project acquisitions took place in Q2 2013, the highest in terms of number of transactions since 2010. There have been 53 project acquisitions year-to-date (YTD) compared to 72 in all of last year.
“The strong project acquisition activity shows how wind has evolved into a mature and mainstream energy source and an attractive investment for both private and public firms alike,” commented Raj Prabhu, CEO of Mercom Capital Group, llc.  Most of the project acquirers this quarter were investment funds. Allianz Capital Partners acquired three projects this quarter, followed by Enel Green Power, John Laing and Lukerg Renew with two each.
The largest project acquisition by amount was PG&amp;E’s acquisition of Puget Sound Energy’s 267 MW Lower Snake River Phase II Wind Project for $535 million, followed by Scottish and Southern Energy’s acquisition of the 99 MW Dunmaglass Wind Project from Renewable Energy Systems for $305 million. Palisade Investment Partners and Northleaf Capital Partners acquired 75 percent of the 111 MW Waterloo Wind Project from EnergyAustralia for $227 million. Romania’s Lukerg Renew acquired the 70 MW Gebeleisis Wind Project from Vestas for $144 million while SE, a Danish energy company, and Denmark’s Pension Fund Administrator (PFA) acquired the Danish onshore wind business (196 MW) of DONG Energy for $133 million.
<a href="https://mercomindia.com/wp-content/uploads/2017/07/WindChart3.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-6265" src="https://mercomindia.com/wp-content/uploads/2017/07/WindChart3.jpg" alt="" width="456" height="294" srcset="https://cms.mercomindia.com/wp-content/uploads/2017/07/WindChart3.jpg 456w, https://cms.mercomindia.com/wp-content/uploads/2017/07/WindChart3-300x193.jpg 300w" sizes="(max-width: 456px) 100vw, 456px" /></a>
Of the disclosed transactions in Q2 2013, there were 15 investment funds that acquired wind projects, eight project developers, six independent producers, and four utilities.
To learn more about the report, visit:  <a href="http://bit.ly/MercomWindQ22013">Wind Q2 2013 Funding and M&amp;A Report</a>
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Companies included in this report:  ACCIONA, Arise Windpower, Baywa, Bord Gais, Boreas Energie, Broadwind Energy, Centrica, DLF, DONG Energy, EDF Energies Nouvelles, Element Power, Enel Green Power North America, EnerCap, Energiepark, EnergyAustralia, Eolectric Club, Eolia Renovables, Eolus Vind, Fiera Axium Infrastructure Canada, Finavera Wind, Fred.Olsen Renewables, Gamesa, Goldwind, Good Energy, Greengate Power, HgCapital, IDEOL, Innergex, Juwi, Kapidag Ruzgar Enerjisi Elektrik Uretim, Makani Power, Martifer Renovaveis, Meridian Energy, Moyeng Energy, Myriad Wind, NSL Renewable Power, O2, OneWind Australia, Orange Jaisalmer Wind Energy, Platina, PNE WIND, Puget Sound Energy, ReNew Power, Renewable Energy Systems, Renewables First, Renovalia Energy, ROMO Wind, Salus Fundos de Investimento em Participacoes, Samruk-Energy, SB Energy, Schneider Power, Tata Power, Terra-Gen, Terravis Wind, Vestas, VRL Logistics, Welspun Energy, Whysol Investments, WKN, Wpd, XZERES
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Wind sector VC funding comes in at $210 million in Q2 2013, strong project acquisition activity

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