Project Finance Brief: Origis Energy Secures $375 Million Credit Facility

Project Finance Brief: Origis Energy Secures $375 Million Credit Facility

From: Mercom Capital Group Origis Energy, a vertically integrated renewable energy platform and a solar project developer, closed a $375 million credit facility for its solar and energy storage development project pipeline. The ...
/ / Finance and M&A, Solar
Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022

Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022

Global corporate funding for Battery Storage, Smart Grid, and Energy Efficiency companies in the first quarter (Q1) of 2022 stood at $13.3 billion, according to Mercom’s Q1 2022 Funding and ...
Tata Cleantech Loans ₹4.4 Billion to Sterlite for a Northeastern Transmission Project

Tata Cleantech Loans ₹4.4 Billion to Sterlite for a Northeastern Transmission Project

Power transmission company Sterlite Power announced the financial closure for its Nangalbibra-Bongaigaon Transmission Project with debt funding of ₹4.4 billion (~$57.19 million) from Tata Cleantech Capital. Sterlite Power had acquired ...
/ / Finance and M&A, Other
Adani Green Energy Subsidiaries Raise ₹6.12 Billion for Debt Refinancing

Adani Green Energy Subsidiaries Raise ₹6.12 Billion for Debt Refinancing

Three subsidiaries of Adani Green Energy (AGEL) – Adani Green Energy (UP), Prayatna Developers, and Parampujya Solar Energy have raised ₹6.123 billion (~$82.04 million) by their maiden domestic bond issuance ...
/ / Finance and M&A, Other
Indian Railway Finance Corporation Raises $500 Million Through Green Notes Issuance

Indian Railway Finance Corporation Raises $500 Million Through Green Notes Issuance

Indian Railway Finance Corporation (IRFC), the financial arm of Indian Railways, has issued $500 million of denominated, senior and unsecured green notes under its $7 billion global medium-term note program ...
/ / Finance and M&A, Other
ReNew Power Raises $400 Million Through Green Bonds

ReNew Power Raises $400 Million Through Green Bonds

Indian renewable energy developer ReNew Energy Global announced that its wholly-owned subsidiary, India Clean Energy Holdings, has raised $400 million at 4.5% by issuing senior secured dollar notes. Climate Bonds Initiative ...
/ / Finance and M&A, Solar
Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power, a U.S.-based renewable energy company, said it had closed a credit facility for its 185 MW/565 MWh Kapolei Energy Storage project in Hawaii. The company has signed a ...
/ / Energy Storage, Large Scale
Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 2021

Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 2021

Global corporate funding, including venture capital (VC) funding, public market and debt financing for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2021, was ...
Funding and M&A Roundup Residential Solar Finance Company GoodLeap Raises $800 Million

Funding and M&A Roundup: Residential Solar Finance Company GoodLeap Raises $800 Million

From: Mercom Capital Group GoodLeap (formerly Loanpal) - a California-based solar loan origination platform that finances solar systems and batteries - announced an investment round of more than $800 million, ...
/ / Finance and M&A, Other
Funding and M&A Roundup: Solar Leasing Firm Enpal Raises $322 Million

Funding and M&A Roundup: Solar Leasing Firm Enpal Raises $322 Million

From: Mercom Capital Group Enpal, a German-based solar PV and battery leasing solutions company, secured senior debt commitments of €275 million (~$322 million) from BlackRock, Pricoa Private Capital, and UniCredit. In addition, ...
/ / Finance and M&A, Solar
Solar Developer Nexamp Secures $680 Million in Funding

Solar Developer Nexamp Secures $680 Million in Funding

U.S.-based solar energy company Nexamp has secured $680 million in funding, including $440 million of debt financing and a $240 million equity investment led by Generate Capital. Nexamp provides clean energy access to ...
/ / Finance and M&A, Solar
Project Finance Brief AES Corporation to Acquire a 195 MW Solar Project in Indiana

Project Finance Brief: AES Corporation to Acquire a 195 MW Solar Project in Indiana

From: Mercom Capital Group AES Indiana, a subsidiary of the AES Corporation, is to acquire the Hardy Hills 195 MW solar project in Clinton County, Indiana. Construction on the project ...
/ / Other, Renewable Energy
Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon Energy Limited has announced a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its ...
Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

The global corporate funding into the solar sector - including venture capital (VC), private equity (PE), debt financing, and public market financing - increased 24% to $14.5 billion in 2020 ...
AMP Capital and Sterlite Power to Jointly Develop Power Transmission Projects in India

AMP Capital and Sterlite Power to Jointly Develop Power Transmission Projects in India

Australia-based investment manager AMP Capital announced that it has established a 50:50 partnership with power transmission infrastructure developer Sterlite Power to develop power transmission projects in India. The two companies ...
/ / Grid, T&D
Daily News Wrap-Up_ Candi Receives $3.16 Million to Scale its Solar Solutions in India

Daily News Wrap-Up: Candi Receives $3.16 Million to Scale its Solar Solutions in India

Here are some noteworthy cleantech announcements of the day from around the world: EDFI ElectriFi has invested €2.68 million (~$ 3.16 million) junior debt in Candi, a platform that builds, ...
/ / Other, Renewable Energy
ReNew Power Raises $325 Million through Overseas Green Bonds

ReNew Power Raises $325 Million through Overseas Green Bonds

ReNew Power, an Indian independent power producer, has raised around $325 million through overseas green bonds. Green bonds are financial instruments designed to raise money for climate and sustainability-related projects ...
/ / Finance and M&A, Solar
VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3

VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3

Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of ...
DISCOM Dues Pile Up Despite Government’s Efforts to Ease Their Financial Burden

DISCOM Dues Pile Up Despite Government’s Efforts to Ease Their Financial Burden

Distribution Companies (DISCOMs) owed renewable generators ₹97.25 billion (~$1.31 billion) in overdue payments (excluding dues under dispute) spread across 538 invoices at the end of May 2020, according to data ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in the Indian solar industry totaled $970 million (~₹72.9 billion) in the first quarter (Q1) of 2020, according to Mercom’s Q1 2020 India Solar Market Update. Investments were 66% ...
AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million

AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million

The African Development Bank (AfDB) recently announced that the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) reached its final equity close target of $59 million (~₹4.17 billion) ...
Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue

Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue

ReNew Power Private Limited, a domestic renewable project developer, has raised $450 million (~₹31.96 billion) through a dollar bond issuance. Mercom confirmed the deal with the parties involved. The bonds ...
Corporate Funding for Solar Sector Globally Rises by 34% With $9 Billion in 9M 2019

Corporate Funding for Solar Sector Globally Rises by 34% With $9 Billion in 9M 2019

Total corporate funding (including venture capital/private equity, public market, and debt financing) in the first nine months (9M) of 2019 was up with $9 billion raised, compared to $6.7 billion ...
/ / Finance and M&A, Solar
Power Finance Corporation Raises $300 Million Through Syndicated Loan

Power Finance Corporation Raises $300 Million Through Syndicated Loan

The Power Finance Corporation (PFC) has announced that it has raised $300 million through a three-year syndicated loan from the State Bank of India, Honk Kong and MUFG Bank, Singapore ...
India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

In the first quarter (Q1) of the calendar year (CY) 2019, the Indian solar sector received investments totaling $2.8 billion (~₹195.4 billion), according to Mercom’s Q1 2019 India Solar Market ...