Funding and M&A Roundup: EV Charging Company Connected Kerb Secures $110 Million

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Fundamental Renewables Secures $400 Million

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 ...
/ / Finance and M&A, Solar
REC to Drive India’s Transition to Net Zero as a Development Financial Institution

REC to Drive India’s Transition to Net Zero as a Development Financial Institution

REC Limited, a public infrastructure finance company under the Ministry of Power, is being considered to be given the status of a development financial institution (DFI) to steer global climate ...
Funding and M&A Roundup: Tesseract Raises $78 Million in Funding

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup RWE Acquires Poland’s Alpha Solar

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 ...
/ / Other, Renewable Energy
Wind Turbine Maker Suzlon’s Revenue Up 21% YoY to ₹13.78 Billion in Q1 FY 2023

Wind Turbine Maker Suzlon’s Revenue Up 21% YoY to ₹13.78 Billion in Q1 FY 2023

Indian multinational wind turbine manufacturer Suzlon Energy Limited posted net revenue of ₹13.78 billion (~$173.52 million) for the first quarter (Q1) of the financial year (FY) 2022-23, a year-over-year (YoY) ...
/ / Wind
Funding and M&A Roundup: Shell Completes Acquisition of Sprng Energy

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 ...
/ / Finance and M&A, Solar
Iron Flow Battery Maker ESS Tech Posts Rise in Revenue in Q2 2022

Iron Flow Battery Maker ESS Tech Posts Rise in Revenue in Q2 2022

U.S.-based manufacturer of long-duration iron flow batteries, ESS Tech, Inc., posted revenue of $686,000 for the second quarter (Q2) compared to zero revenue generation for the same period in 2021 ...
SolarEdge’s Revenue from Solar Segment Surges 59% YoY in Q2 2022

SolarEdge’s Revenue from Solar Segment Surges 59% YoY in Q2 2022

Israel-based manufacturer of solar inverters, power optimizers, and monitoring systems, SolarEdge posted revenue of $727.8 million in the second quarter (Q2), a quarter-over-quarter (QoQ) increase of 11% from $655.1 million ...
IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

A non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) posted a total income of ₹7.86 billion (~$98.69 million) ...
Funding and M&A Roundup: Nexeon Raises Over $200 Million for Battey Materials Production

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 ...
/ / Finance and M&A, Solar
Daqo New Energy’s Revenue Surges 182% YoY to $1.24 Billion in Q2 2022

Daqo New Energy’s Revenue Surges 182% YoY to $1.24 Billion in Q2 2022

Chinese photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation posted revenue of $1.24 billion in the second quarter (Q2), a year-over-year (YoY) rise of 182% from $441.4 million in Q2 2021 ...
/ / Other, Renewable Energy
Clearway Energy’s Net Income from Renewables Up 207% to $83 Million in Q2 2022

Clearway Energy’s Net Income from Renewables Up 207% to $83 Million in Q2 2022

U.S-based clean energy company Clearway Energy Group (CEG) recorded a net income of $83 million from its renewable segment in the second quarter (Q2), a year-over-year (YoY) rise of 207% ...
/ / Other, Renewable Energy
Residential Solar Firm Sunnova’s Revenue Surges 121% YoY to $147 Million in Q2 2022

Residential Solar Firm Sunnova’s Revenue Surges 121% YoY to $147 Million in Q2 2022

Sunnova, a U.S.-based residential solar company, recorded revenue of $147 million in the second quarter (Q2), a year-over-year (YoY) leap of 121% from ~$67 million last year. The company attributed ...
/ / Other, Renewable Energy
Enphase Energy’s Revenue Surges 66% YoY to $530 Million in Q2 2022

Enphase Energy’s Revenue Surges 66% YoY to $530 Million in Q2 2022

Microinverter-based solar-plus-storage systems company Enphase Energy recorded second-quarter (Q2) revenue of $530.2 million, a year-over-year (YoY) increase of 66% from $316.05 million in Q2 2021. The company said that the ...
Funding and M&A Roundup: Lithium-ion Battery Company Northvolt Raises $1.1 Billion

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 ...
/ / Finance and M&A, Solar
Solar Financing Startup Aerem Raises $2.5 Million in Pre-Series A Funding

Solar Financing Startup Aerem Raises $2.5 Million in Pre-Series A Funding

India-based solar financing startup Aerem has raised $2.5 million in pre-Series A funding to build a technology platform to enable end-to-end seamless interaction with various stakeholders. The funding round was ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Solar Developer Intersect Power Secures $750 Million in Funding

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 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: SJVN Achieves Financial Closure for a 70 MW Solar Project

Daily News Wrap-Up: SJVN Achieves Financial Closure for a 70 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: SJVN announced the financial closure of the 70 MW Bagodara Solar Power project in Gujarat by allocating ...
Ecuador Floats Tender for 500 MW of Renewable Energy Projects

Ecuador Floats Tender for 500 MW of Renewable Energy Projects

The Ministry of Energy and Non-Renewable Natural Resources of Ecuador has issued the call for tenders for three public selection processes for financing, construction, operation, and maintenance of two power generation projects ...
/ / Solar, Tenders & Auctions
Intersect Power Secures $2.6 Billion in Solar Plus Storage Project Financing

Intersect Power Secures $2.6 Billion in Solar Plus Storage Project Financing

United States-based large-scale renewable energy project developer Intersect Power has obtained $2.6 billion in financing commitments to support the construction and operation of six projects with 2.2 GWDC of solar ...
/ / Finance and M&A, Solar
Project Finance Brief Sunseap Secures $85.8 Million Loan for a 70 MW Solar Project

Project Finance Brief: Sunseap Secures $85.8 Million Loan for a 70 MW Solar Project

From: Mercom Capital Group Sunseap Group, a Singapore-based renewable solutions provider, has secured an $85.8 million loan for its 70 MW SolarNova 4 project to install solar PV systems across ...
/ / Finance and M&A, Other
Federal Bank to Discontinue Financing New Coal Projects

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
/ / Finance and M&A, Other
Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures

Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures

REC Limited, an infrastructure finance company involved in financing power projects, is seeking the approval of shareholders to raise ₹850 billion (~$11.63 billion) through the private placement of bonds or ...
/ / Finance and M&A, Other
Suzlon Posts 122% Increase in Net Revenue in Q1 FY 2022

Suzlon Posts 122% Increase in Net Revenue in Q1 FY 2022

Pune-based renewable energy solutions provider Suzlon Energy Limited announced the results for the first quarter (Q1) of the financial year (FY) 2022. As per the financial statement released by the ...
/ / Other, Wind
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