EIB to Provide $3.55 Billion for Renewable Expansion in Europe and Beyond
The European Investment Bank (EIB) announced that it would provide €3 billion (~$3.55 billion) for renewable energy projects across Europe and around the globe. This would be a part of ...
Australian Renewable Energy Agency Receives $1.62 Billion to Reduce Emissions
The Australian Renewable Energy Agency (ARENA) received a funding package worth $1.62 billion from the government to enhance the utilization of low emission technologies to cut emissions across the chain ...
Project Finance Brief: Nexamp to Acquire 50 MW of Community Solar Projects
Sun Investment Group (SIG) and Ignitis Renewables have signed a contract under which Ignitis Renewables will acquire a 170 MW turnkey portfolio developed in Poland by SIG. The PV projects ...
Funding and M&A Roundup: Trina Solar Acquires Nclave Renewable, Lumos Raises $35 Million
Trina Solar, a solar and smart energy total solution provider, announced its acquisition of the remaining 49% equity in Nclave Renewable to make Nclave a wholly-owned subsidiary of Trina Solar ...
Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint
Symbiotics, an investment firm specialized in emerging, sustainable, and inclusive finance, issued its first bond the proceeds of which are exclusively used to finance renewable energy projects. It raised ₹1.26 ...
Funding and M&A Roundup: Hemlock Semiconductor Acquires DuPont’s Solar Material Unit
Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: Hemlock Semiconductor Operations (HSC) has acquired a DuPont business that makes trichlorosilane ...
Solar Digital Deployment Solutions Provider Terabase Energy Raises $6 Million
Terabase Energy, a U.S.-based solar digital solutions provider for utility-scale projects globally, announced that it has secured through Series A financing, led by SJF Ventures. The company's Series A financing ...
EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors
Ultraviolette Automotive Private Limited, a Bangalore-based electric vehicle (EVs) startup, announced that it had secured ₹300 million (~$4.08 million) from TVS Motor Company in a Series B funding round. TVS ...
EV Ride-Hailing Platform BluSmart Secures ₹510 Million
BluSmart, an electric ride-hailing platform, announced that it secured ₹510 million (~$6.89 million) in its pre-series A funding round from multiple investors. According to its press release, investors like Inflection ...
Funding and M&A Roundup: Indian Lithium-ion battery Maker Grinntech Raised $2 Million
Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: SenseHawk, a SaaS platform that helps customers develop, build, and operate ...
Daily News Wrap-Up: Sweden’s Azelio to Supply 65 MW of Energy Storage Systems to India
Here are some noteworthy cleantech announcements of the day from around the world: Azelio, a Sweden-based energy storage company, announced that it signed a Memorandum of Understanding (MoU) with Atria ...
EnerVenue Secures $12 Million in Seed Funding to Develop Metal-Hydrogen Batteries
EnerVenue, a U.S.-based renewable storage battery manufacturer, announced that it secured $12 million in seed funding on its launch. The Chairman of Towngas, Peter Lee, led the seed funding round ...
Funding and M&A Roundup: ReneSola Acquires Solar Projects and Assets in the US
Joule Case, a battery tech startup producing stackable energy storage units, landed more than $500,000 in funding as part of convertible notes. Using lithium-ion and lead-acid batteries, Joule Case has ...
Government Invites Proposal for Research on Carbon Capture, Utilization & Storage
The government of India’s (GOI) Department of Science and Technology (DST) is encouraging translational research on carbon capture, utilization & storage (CCUS). DST has invited proposals from Indian researchers in ...
Funding and M&A Roundup: China Three Gorges Acquires 500 MW of Solar Assets From X-Elio
Here are some of the important funding and M&A updates of last week from the global renewable energy industry: Sembcorp Industries has obtained a $40 million loan facility from DBS ...
French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio
Technique Solaire, a France-based solar developer, announced that it had raised €25 million (~$29.3 million) from its partners Bpifrance and Crédit Agricole Group. This marks the second round of funding for the company ...
Funding and M&A Roundup: ChargePoint Secures $127M, First Solar Sells NA O&M Business
Here are some of the important funding and M&A updates of last week from the global renewable energy industry: Mumbai-based early-stage VC Unicorn India Ventures has announced its fourth investment ...
Funding and M&A Roundup: Tokyo Gas Acquires 514 MW Solar Project, Northvolt Raises $1.6B
Here are some important funding and m&a updates from the global renewable energy industry from the past week: Northvolt, a lithium-ion battery manufacturer, announced the signing of a $1.6 billion ...
Corporate Funding for Solar Slid Globally in 1H 2020 But, It Could Have Been Worse
Total corporate funding – including venture capital (VC) funding, public market, and debt financing – dipped 25% to $4.5 billion (~₹336.09 billion) in the first half of 2020 (1H 2020) ...
Building Energy and Inspired Evolution Launch JV for Renewables in Africa and the Middle East
Building Energy, an Italian renewable company, in partnership with Inspired Evolution, has successfully closed the buy-out of its African and Middle East business and launched Red Rocket, an independent power producer ...
Electric Vehicle Maker Euler Motors Raises ₹200 Million from Inventus Capital India
Euler Motors, a New Delhi-based electric vehicle (EV) manufacturer, has announced that it has raised ₹200 million (~$2.66 million) as part of its ongoing Series A funding led by Inventus Capital ...
Experts Shed Light on Technologies That Can Turn Rooftop Solar into Appreciating Assets
The rooftop segment with nearly 4 GW of installations, is way off the target of 40 GW set by the government for December 2022. The rooftop market saw a steep ...
Abu Dhabi Fund Extends $105 Million for 8 IRENA Recommended Renewable Projects
The Abu Dhabi Fund for Development (ADFD) has approved about $105 million (~₹7.42 billion) for the development of eight renewable energy projects under the seventh cycle of its partnership with ...
Month in a Minute: Important News Snippets from India’s Renewable Sector in November 2019
For the domestic renewable industry, November was a busy month on the investment front. There were several important funding announcements in the Indian renewable sector, along with technological developments and ...
France’s PROPARCO Makes $15 Million Equity Investment in Solar Developer Avaada Energy
PROPARCO, a French development financial institution, has announced that it has made a $15 million (~₹1.07 billion) equity investment in independent power producer Avaada Energy Private Limited. According to Mercom’s ...
