Intersect Power Closes $3.1 Billion Financing for 2.2 GW Solar Plus Storage Portfolio

Intersect Power Closes $3.1 Billion Financing for 2.2 GW Solar Plus Storage Portfolio

Intersect Power, a U.S.-based renewable energy project developer, announced the closing of an aggregate of $2.4 billion of new financing and an additional $675 million against earlier commitments for developing ...
/ / Finance and M&A, Solar
Husk Power Secures $6 Million Debt Facility to Implement Solar Microgrids

Husk Power Secures $6 Million Debt Facility to Implement Solar Microgrids

Husk Power Systems, which operates solar-hybrid microgrids across rural Asia and Africa, has signed a debt facility of $6 million from the EU- funded Electrification Financing Initiative (EDFI ElectriFI). The ...
/ / Grid, Market & Policy
Avaada Energy to Raise ₹14.4 Billion Through AAA-Rated Green Bonds

Avaada Energy to Raise ₹14.4 Billion Through AAA-Rated Green Bonds

Renewable energy project developer Avaada Energy has announced that it will raise green bonds worth ₹14.4 billion (~$192 million) at 6.75% in the Indian capital market. According to the company, ...
/ / Finance and M&A, Solar
Husk Power Secures ₹310 Million in Debt Financing to Expand Solar Microgrids

Husk Power Secures ₹310 Million in Debt Financing to Expand Solar Microgrids

Husk Power Systems, a renewable energy company working towards rural electrification, announced that it has secured ₹310 million (~$4.2 million) in debt financing from the Indian Renewable Energy Development Agency ...
/ / Finance and M&A, Solar
Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global corporate funding in the solar sector, including venture capital (VC) funding, private equity, public market, and debt financing, stood at a record ten-year high of $27.8 billion in 2021, ...
/ / Finance and M&A, Solar
DFC Approves $500 Million Debt Finance for First Solar’s 3.3 GW Module Plant in India

DFC Approves $500 Million Debt Finance for First Solar’s 3.3 GW Module Plant in India

The U.S. International Development Finance Corporation (DFC) has approved $500 million of debt financing to First Solar to set up a 3.3 GW vertically integrated solar module manufacturing facility in ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Pfizer to Buy Solar Power From a 310 MW Project in Texas

Corporate Funding for Solar Up 190% YoY With $22.8 Billion in 9M 2021

Global corporate funding in the sector, including venture capital (VC) funding, public market, and debt financing, stood at $22.8 billion in 112 deals in the first nine months (9M) of ...
Solar Assets in Demand, Corporate Funding Rises by 21% in Q1 2021

Solar Assets in Demand, Corporate Funding Rises by 21% in Q1 2021

The global corporate funding for the solar sector, including venture capital (VC) funding, public market, and debt financing, totaled $8.1 billion in 36 deals in Q1 2021, an increase of ...
Power Transmission Company Sterlite Raises ₹2 billion from Allianz Global Investors

Power Transmission Company Sterlite Raises ₹2 Billion from Allianz Global Investors

Sterlite Power, a power transmission infrastructure developer, has announced that it raised ₹2 billion ($27.23 million) in debt financing from leading investment managers Allianz Global Investors (Allianz GI), focusing on ...
/ / Finance and M&A, Other
Battery Energy Storage Companies Received $536 Million in VC Funding in 1H of 2020

Battery Energy Storage Companies Received $536 Million in VC Funding in 1H of 2020

Global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies in the first half (1H) of 2020 was down by 51% ...
With $164 Million, Global Battery Storage VC Funding in Q1 2020 Increased 20% YoY

With $164 Million, Global Battery Storage VC Funding in Q1 2020 Increased 20% YoY

Battery storage, smart grid, and energy efficiency companies received $252 million in venture capital (VC) funding in the first quarter (Q1) of 2020, a 20% increase from the $210 million ...
Venture Capital Funding for Battery Energy Storage Companies Rises by 103% in 2019

Venture Capital Funding for Battery Energy Storage Companies Rises by 103% in 2019

In 2019, global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies totaled $2.3 billion compared to $2.8 billion raised in ...
/ / Mercom Research Focus, Other
First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

In the first half of 2019 (1H 2019), funding activity in the solar sector was on an upward trajectory when compared to the same period last year. Total corporate funding ...
/ / Finance and M&A, Solar
Fund for Off-grid Solar in Kenya

Off-Grid Solar Solutions Provider SolarHome Raises $10 Million in Debt Financing

SolarHome, a Singapore-based Pay-As-You-Go (PAYG) off-grid solar solutions provider in southeast Asia, has raised $10 million in debt financing from a consortium of international investors, including Crowdcredit, a cross-border crowdfunding platform ...
/ / Finance and M&A, Solar
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

The Indian solar sector received investments to the tune of $1.86 billion in the second quarter (Q2) of calendar year (CY) 2018 according to Mercom India Quarterly Market Updates. Investments ...
/ / Finance and M&A, Solar
Off-Grid Solar Solutions Provider Zola Electric Secures $20 Million Debt Financing

Off-Grid Solar Solutions Provider Zola Electric Secures $20 Million Debt Financing

ZOLA Electric, formerly known as Off Grid Electric, an African renewable energy company, has secured $20 million in debt financing from solar-business lender SunFunder. The funding will be utilized to ...
/ / Finance and M&A, Solar
CDC to Partner with Globeleq to Fund a 52 MW Solar Project in Kenya

CDC to Partner with Globeleq to Fund a 52 MW Solar Project in Kenya

CDC, a development finance institution of the UK government, has partnered with Globeleq, an independent power producer and developer in Africa, to provide $66 million debt financing to Malindi Solar Group ...
/ / Markets & Policy, Solar
Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects

Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects in India

Indian renewable energy project developer Azure Power has raised $135 million in debt financing from a consortium of development finance institutions. The proceeds will be used to finance approximately 200 MW of ...
Togo Receives $4 Million in Funding to Boost Energy Access Across the Country

Togo Receives $4 Million in Funding to Boost Energy Access Across the Country

The African country of Togo has received a significant boost in the form of $4 million in funding to further the development an energy access drive dubbed the Cizo initiative ...
Azuri Announces Launch of $20 Million Debt Financing

Azuri Announces Launch of $20 Million Debt Financing Program for Sub-Saharan Africa

Azuri Technologies, a pay-as-you-go (PayGo) off-grid solar products provider in the sub-Saharan African region, has announced the launch of its $20 million off-balance-sheet debt financing program. The program is aimed ...
/ / Finance and M&A, Solar
M-KOPA Solar Secures in Commercial Debt Funding

M-KOPA Solar Secures $80 Million in Commercial Debt Funding

M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes, has secured $80 million of committed financing. The company will utilize the funds over the next three years to provide finance ...
/ / Finance and M&A, Solar