Competition Commission Approves JSW’s Acquisition of Mytrah Energy Subsidiaries
The Competition Commission of India has approved the acquisition of 18 subsidiaries of renewable energy company Mytrah Energy by JSW Neo Energy, a wholly-owned subsidiary of JSW Energy. The agreement ...
Funding and M&A Roundup: EV Charging Company Connected Kerb Secures $110 Million
From: Mercom Capital Group Connected Kerb, a London-based electric vehicle charging infrastructure specialist, announced that it had secured an investment of up to £110 million (~$110 million) from Aviva Investors, the global asset ...
Funding and M&A Roundup: Fundamental Renewables Secures $400 Million
From: Mercom Capital Group Fundamental Renewables, the clean energy investment arm of Fundamental Advisors, has secured a $400 million credit facility to support its growing investment strategy in solar energy assets. The ...
Funding and M&A Roundup: Tesseract Raises $78 Million in Funding
From: Mercom Capital Group Tesseract, a vertically integrated company that purchases energy from generators at fixed prices and then offers it to consumers, raised $78 million to buy and build selected renewable energy ...
Reliance to Acquire Majority Stake in Solar Software Company SenseHawk for $32 Million
Reliance Industries (RIL) has signed definitive agreements to acquire a 79.4% stake in SenseHawk, a solar digitization platform SaaS that helps customers develop, build and operate solar and other infrastructure ...
Virescent Infrastructure to Acquire 100 MW of Solar Projects from Jakson Group
Virescent Renewable Energy Trust (VRET), a renewable energy platform backed by the global investment firm Kohlberg Kravis Roberts & Company (KKR) in India, is in the advanced stages of discussions ...
Funding and M&A Roundup: RWE Acquires Poland’s Alpha Solar
From: Mercom Capital Group RWE, a German energy utility company, has acquired Alpha Solar, a Polish PV solar developer. With this transaction, RWE takes over a 3 GW solar project ...
Reliance Targets 20 GW Solar Power Generation Capacity by 2025 for Captive Use
Diversified Indian conglomerate Reliance Industries (RIL) has targeted installing 20 GW of solar energy generation capacity by 2025. Addressing RIL’s annual general meeting, Group Chairman Mukesh Ambani said that the ...
Funding and M&A Roundup: Shell Completes Acquisition of Sprng Energy
From: Mercom Capital Group Shell Overseas Investment, a wholly owned subsidiary of Shell, has completed its 100% acquisition of Solenergi Power and, with it, the Sprng Energy group of companies from Actis Solenergi Limited ...
Funding and M&A Roundup: Nexeon Raises Over $200 Million for Battey Materials Production
From: Mercom Capital Group Nexeon, a battery materials developer and manufacturer, has completed the second close of its fundraising resulting in a total investment of $170 million. A further $50 million of commercial ...
Daily News Wrap-Up: Central Finance Assistance for Solar Pumps up to 15 HP Capacity Approved
Here are some noteworthy cleantech announcements of the day from around the world: Minister of State of New & Renewable Energy Bhagwanth Khuba stated that the Finance Ministry had approved ...
Torrent Power Acquires 50 MW Wind Project from Inox Green
Gujarat-based power company Torrent Power has acquired a 100% stake in Wind Two Renergy from lnox Green Energy Services. The estimated acquisition cost is ₹325.1 million (~$4.09 million), representing 100% ...
BlackRock and Mubadala’s Acquisition of 11.43% Stake in Tata Power Renewables Approved
The Competition Commission of India (CCI) has approved the acquisition of an 11.43% stake in Tata Power Renewable Energy by Greenforest New Energies Bidco. Greenforest New Energies is an investment ...
MasTec to Acquire Infrastructure and Energy Alternatives for $1.1 Billion
Renewable energy construction company MasTec is acquiring renewable energy and infrastructure services provider Infrastructure and Energy Alternatives (IEA) for $1.1 billion. MasTec will acquire all of the outstanding shares of IEA ...
Offshore Wind Developer Orsted Acquires 100% Stake in Onshore Wind Company Ostwind
Denmark-based Orsted, an offshore wind developer and operator, entered into an agreement to acquire 100% in Ostwind, onshore wind and solar developer, owner, and operator. The agreement is based on ...
Mahindra CIE Automotive to Procure Power from Strongsun Solar’s Projects
Mahindra CIE Automotive has agreed to acquire a 26% stake in Strongsun Solar to procure power from two captive solar power projects to be set up in Maharashtra. The estimated ...
Funding and M&A Roundup: Lithium-ion Battery Company Northvolt Raises $1.1 Billion
From: Mercom Capital Group Sweden-based lithium-ion battery manufacturer Northvolt signed a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand ...
Solar EPC Company Gensol to Acquire Majority Stake in US-based EV Startup
Solar engineering, procurement, and construction (EPC) company Gensol signed a term sheet to acquire a majority stake in a U.S.-based electric vehicle (EV) manufacturing startup. Through the deal, Gensol is ...
Funding and M&A Roundup: Solar Developer Intersect Power Secures $750 Million in Funding
From: Mercom Capital Group United States-based large-scale renewable energy project developer Intersect Power secured a $750 million growth equity investment led by TPG Rise Climate, with additional participation from existing investors, Climate Adaptive Infrastructure (CAI), and Trilantic Energy ...
ThomasLloyd Trust Acquires the Remaining 57% Stake in SolarArise India
ThomasLloyd Energy Impact Trust plc, a renewable energy investment trust, has acquired the remaining 57% interest in SolarArise India Projects for a cash consideration of $38.5 million. The transaction is expected to ...
Tech Mahindra to Purchase Power from Fourth Partner’s 5 MW Solar Project
India-based IT services company Tech Mahindra has entered into an agreement to acquire a 26% stake in Huoban Energy 6, a wholly-owned subsidiary of Fourth Partner Energy. Huoban Energy 6 ...
IKEA Acquires Solar Park and Wind Farm in Poland for $202 Million
Ingka Group, which owns most of the IKEA Retail stores globally, has acquired a ready-to-build solar park and wind farm in Wyoska in North-Western Poland through its investment arm, Ingka ...
Waaree Energies Gets Legal Nod to Acquire Solar Cell Producer Indosolar
Waaree Energies, a solar module manufacturer, announced the approval from the National Company Law Tribunal (NCLT) to acquire solar cells manufacturer—Indosolar. The national body approved Waaree’s request for the acquisition ...
JSW to Acquire Mytrah Energy for $2 Billion
Indian multinational conglomerate JSW Group has signed an agreement to buy renewable energy producer Mytrah Energy India in a deal expected to be worth $1.8 billion to $2 billion, according ...
KKR to Acquire Power Producer ContourGlobal for £1.75 Billion
U.S-based private equity firm Kohlberg Kravis Roberts (KKR) has signed an agreement to acquire the British power generation company ContourGlobal for approximately £1.75 billion (~$2.18 billion). KKR is a leading ...
