finance

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 ...

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 ...

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 ...

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 ...

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 ...

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) ...

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 ...

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 ...

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 ...

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) ...

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 ...

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 ...

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% ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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) ...

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 ...

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 ...