Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020

Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020

Total corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors in 2020 was up 112% at $8.1 billion ...
Battery Company Gegadyne Raises $4.5 million from V-Guard

Battery Company Gegadyne Raises $4.5 million from V-Guard

Gegadyne Energy Labs, a provider of quick charging battery technology, has raised ₹334 million (~$4.5 million) from V-Guard Industries in a 'Series A' round of investments. V-Guard is an electrical ...
/ / Finance and M&A, Other
Tigo Energy Secures $20 Million From Energy Growth Momentum in Funding

Smart Solar Module Technology Provider Tigo Energy Secures $20 Million in Funding

Tigo Energy, a U.S.-based smart solar module technology provider, has secured a $20 million investment in the latest funding round led by Energy Growth Momentum, a U.K.-based investment firm. The ...
/ / Finance and M&A, Solar
Funding and M&A Roundup_ Loanpal Securitizes $474 Million Residential Solar Loans

Funding and M&A Roundup: Loanpal Securitizes $474 Million Residential Solar Loans

Loanpal, a solar loan origination platform that finances solar systems and batteries, announced that Loanpal Solar Loan 2021-1 and Loanpal Solar Loan 2021-1 (LPSLT 2021-1) had closed a securitization of ...
/ / Finance and M&A, Other
€5 Million Awarded to Study Feasibility of Offshore Green Hydrogen Production

€5 Million Awarded to Study Feasibility of Offshore Green Hydrogen Production

The Fuel Cells and Hydrogen 2 Joint Undertaking, a public-private partnership of the European Commission, has awarded €5 million (~$6.08 million) in funding to a consortium to explore the feasibility ...
/ / Other, Renewable Energy
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 ...
Hybrid Solar Solutions Provider Daystar Power Secures $38 Million in Series B Funding

Hybrid Solar Solutions Provider Daystar Power Secures $38 Million in Series B Funding

Daystar Power, a Nigeria-based hybrid solar power solutions provider, has secured $38 million in a Series B financing round. Denmark's Investment Fund for Developing Countries (IFU) led the funding round, ...
/ / Finance and M&A, Solar
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
Funding M&A Roundup_ Gibraltar Acquires Solar Racking Company TerraSmart for $220M

Funding M&A Roundup: Gibraltar Acquires Solar Racking Company TerraSmart for $220M

Shoals Technologies Group, a U.S. provider of electrical balance of system products for solar projects, filed with SEC to raise up to $100 million in an initial public offering. Backed ...
/ / Finance and M&A, Other
Month in a Minute Top Headlines from Indian Renewable Sector in December 2020

Month in a Minute: Top Headlines from Indian Renewable Sector in December 2020

Here is a recap of some of the most important headlines from December 2020: The Ministry of Environment, Forest and Climate Change has constituted a high-level inter-ministerial Apex Committee to ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ ORIX to Acquire Elawan Energy for $965 Million

Funding and M&A Roundup: ORIX to Acquire Elawan Energy for $965 Million

7C Solarparken, a solar project developer, has reached an agreement with the German wind power operator EnerVest AG to purchase EnerVest Belgium, a company focused on project development and asset ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Accenture to Invest in a Smart Grid Company

Funding and M&A Roundup: Accenture to Invest in a Smart Grid Company

8minute Solar Energy, a privately-held developer of solar PV and storage projects in the U.S., has significantly upsized that facility to a total of $350 million with support from new ...
/ / Finance and M&A, Other
Here Are 2020’s Top EV Funding Deals

Here Are 2020’s Top Electric Vehicle Funding Deals

In a rough year for businesses, 2020 saw some high points for the Indian electric vehicle (EV) segment in terms of funding. EV companies are betting that the consumer mindset ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up_ Andhra Pradesh’s Rajahmundry Airport Gets a 1 MW Solar Project

Daily News Wrap-Up: Andhra Pradesh’s Rajahmundry Airport Gets a 1 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Airports Authority of India (AAI) has inaugurated a 1 MW solar project at Rajahmundry airport in Rajamahendravaram, ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Goa’s First Project with Decentralized clean energy Inaugurated

Daily News Wrap-Up: Goa’s First Project with Decentralized Clean Energy Inaugurated

Here are some noteworthy cleantech announcements of the day from around the world: Goa’s Minister for Power and New & Renewable Energy inaugurated the first pilot convergence project with a ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Silicon Ranch Raises $225 Million for 1 GW of Solar Projects

Funding and M&A Roundup: Silicon Ranch Raises $225 Million for 1 GW of Solar Projects

Silicon Ranch Corporation, the U.S. solar platform for Shell and an independent power producer, has closed an investment round that attracted $225 million in new equity capital. The round was ...
/ / Other, Renewable Energy
Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares. In ...
Funding and M&A Roundup_ ITOCHU Acquires O&M Provider Bay4 Energy Services

Funding and M&A Roundup: ITOCHU Acquires O&M Provider Bay4 Energy Services

Greencells, global engineering, procurement, and construction and maintenance service provider for utility-scale solar projects, placed the first tranche with a volume of €15 million (~$18.1 million) for its secured 6.5% ...
/ / Other, Renewable Energy
APICORP Extends $50 Million to Yellow Door Energy to Increase its Solar Footprint

APICORP Extends $50 Million to Yellow Door Energy to Increase its Solar Footprint

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financing institution, announced that it would provide a $50 million (~₹3.6 billion) revolving construction facility to Yellow Door Energy Limited. A ...
/ / Finance and M&A, Solar
Funding and M&A Roundup_ Public Investment Fund Increases Stake in ACWA Power to 50%

Funding and M&A Roundup: Public Investment Fund Increases Stake in ACWA Power to 50%

Sunnova Energy International, a residential solar and energy storage service provider, closed its $254.7 million in securitizations of leases and power purchase agreements. The two-tranche securitization includes $209.1 million in ...
/ / Other, Renewable Energy
$130 Million in Funding Goes to Projects Advancing Solar Technologies

$130 Million in Funding Goes to Projects Advancing Solar Technologies

The U.S. Department of Energy (DOE) announced that it would provide a $130 million funding for selected research projects to advance solar technologies. According to the agency, DOE will provide ...
/ / Solar, Technology
Month in a Minute_ Top Headlines from Indian Renewable Sector in November 2020

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2020

Here is a recap of some of the most important headlines from November 2020: Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an ...
Gujarat-Based Solar Monitoring and Analytics Platform Prescinto Raises Seed Funding

Gujarat-Based Solar Monitoring and Analytics Platform Prescinto Raises Seed Funding

Solar monitoring and analytics platform Prescinto announced that it raised an undisclosed amount in seed funding from Venture Catalysts, an integrated incubator for startups. According to its press statement, angel ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ Array Technologies Signs Supply Deal for 1 GW of Solar Trackers

Daily News Wrap-Up: Array Technologies Signs Supply Deal for 1 GW of Solar Trackers

Here are some noteworthy cleantech announcements of the day from around the world: Array Technologies has entered into an agreement with RP Construction Services (RPCS) to supply 1 GW of ...
/ / Other, Renewable Energy
US-Based Solar Software Developer Aurora Raises $50 Million

US-Based Solar Software Developer Aurora Raises $50 Million

Aurora Solar, a U.S.-based solar software company, announced that it raised $50 million in Series B funding led by ICONIQ Capital. With this funding, the company has received over $70 ...
/ / Finance and M&A, Solar