Funding and M&A Roundup: Quanta Services to Acquire Blattner for $2.7 Billion
From: Mercom Capital Group Quanta Services – an American corporation that provides infrastructure services for electric power, pipeline, industrial and communications industries – entered into a definitive agreement to acquire Blattner Holding Company, ...
Adani Green Energy Raises $750 Million Through Green Bond Issuance
Renewable energy company Adani Green Energy raised $750 million by issuing its maiden ListCo senior green bond. The bonds will have a tenor of three years at a coupon of 4.375%. Moodys ...
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 ...
Sweden’s Rooftop Solar Installer Soltech Acquires Major Stake in a Roofing Company
Soltech Energy Sweden AB (Soltech), a rooftop solar solutions provider, acquired 90.1% in roofing company Wettergrens Tak & Plåtslageri AB (Wettergrens). The acquisition is funded entirely from cash and with ...
Energy Data and Analytics Provider Kevala Secures $21 Million in Series A Funding
Kevala, a U.S.-based energy data and analytics provider, said it secured $21 million in Series A funding. C5 Impact Partners LP and Thin Line Capital led the funding round. Chairman of Sunpower Corporation Tom ...
Funding and M&A Roundup: Battery Storage Company Form Energy Raises $240 Million
From: Mercom Capital Group Form Energy – a startup focusing on making battery systems that can store renewable energy (solar and wind) for longer durations, announced the close of a ...
FlexGen Receives $150 Million Funding from Apollo Global Management Affiliates
Software technology provider for energy storage solutions, FlexGen Power Systems, has received a $150 million equity commitment from funds managed by the affiliates Apollo Global Management. Denver-based venture capital firm, ...
Renewable Market Platform LevelTen Energy Raises $35 Million in Series C Funding
U.S.-based renewable transaction infrastructure provider, LevelTen Energy, announced that it raised $35 million in Series C funding led by NGP ETP. The company has raised a total of $62.3 million ...
Gravity-Based Storage Company Energy Vault Raises $100 Million
Gravity-based grid-scale energy storage solutions provider, Energy Vault, has announced that it raised $100 million in Series C funding. Existing investors including Prime Movers Lab, SoftBank Vision Fund, Saudi Aramco ...
DISCOM Revamp Plan Could Expedite Payments and Strengthen Transmission Network
The Ministry of Power (MoP) issued detailed guidelines last month for the reform-based result-linked power distribution program over the next five years. The program aims to reduce the aggregate technical and commercial ...
Funding and M&A Roundup: BlackRock Real Assets Invests in South Korean Solar Company
From: Mercom Capital Group BlackRock Real Assets, an investment banking firm, has signed an agreement to acquire an undisclosed amount of equity stake in a South Korean solar aggregator and ...
E-Mobility Company REE Automotive Secures $17 Million in Funding from the UK Government
Israel-based e-mobility company REE Automotive announced that its REEcorner technology had secured $17 million in funding from the United Kingdom government as part of a $57 million investment coordinated through the Advanced ...
Graphene Battery Maker Nanotech Energy Raises $64 Million in Series D Funding
Nanotech Energy, a U.S.-based battery energy storage company, has raised $64 million in Series D funding. Fubon Financial Holdings, a Taiwan-based financial investment holding company, led the funding round. Nanotech ...
Funding and M&A Roundup: Mitsubishi Electric to Acquire Smarter Grid Solutions
Mitsubishi Electric Corporation, together with its U.S. subsidiary Mitsubishi Electric Power Products (MEPPI), has entered into an agreement to acquire UK-based Smarter Grid Solutions, a provider of distributed energy resources ...
Azure Power Issues Dollar Green Bond of $414 Million
Independent power producer Azure Power Global, through its 100% subsidiary Azure Power Energy, announced the issuance of a dollar green bond of $414 million. The bonds will have a tenor ...
Battery & Fuel Cell Company Log 9 Materials Raises $8.5 Million in Series A+ Funding
Bengaluru-headquartered advanced battery and fuel cell technology company, Log 9 Materials has raised $8.5 million in Series A+ funding led by Amara Raja Batteries (ARBL), an industrial and automotive batteries ...
Funding and M&A Roundup: Sunnova Proposes Private Offering of $350 Million Green Bond
From: Mercom Capital Group Sunnova Energy Corporation, a wholly-owned subsidiary of Sunnova Energy, announced that it intends to offer, subject to market conditions, a $350 million aggregate principal amount of green bond (senior ...
Daily News Wrap-Up: AC Energy to Develop Rooftop Solar Projects Across Asia
Here are some noteworthy cleantech announcements of the day from around the world: AC Energy Corporation, through its 100% subsidiary AC Renewables International, entered a joint venture with NEFIN Holding ...
Funding and M&A Roundup: Shell to Buy Residential Renewables Retailer Inspire Energy
From: Mercom Capital Group Shell New Energies US, a subsidiary of Royal Dutch Shell, signed an agreement to buy 100% of the equity interests of Inspire Energy Capital, a renewable ...
IFC Invests ₹9.16 Billion in Federal Bank to Strengthen its ESG Portfolio
International Finance Corporation (IFC) – the financial arm of the World Bank, and two investment funds managed by IFC Asset Management Company - IFC Financial Institutions Growth Fund and IFC Emerging ...
Funding and M&A Roundup: Polysilicon Manufacturer Daqo Lists on Shanghai Stock Exchange
From: Mercom Capital Group Daqo New Energy, a manufacturer of high-purity polysilicon for the global solar PV industry, announced that the company's major operational subsidiary, Xinjiang Daqo New Energy, has ...
GODI Energy Raises Funds from Blue Ashva to Set Up Supercapacitor & Li-ion Cell Facility
Hyderabad-based energy technology company GODI India has raised funds from Blue Ashva Capital through its Blue Ashva Sampada Fund. The company will use the funds to set up supercapacitor and lithium-ion (Li-ion) cell ...
Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 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 half (1H) of 2021, was up ...
Funding and M&A Roundup: Greenvolt Raises €150 Million in IPO for Renewables Expansion
From: Mercom Capital Group Greenvolt, a Portugal-based renewable energy firm, raised €150 million (~$177 million) in an initial public offering (IPO) to fund its expansion, including in European solar parks ...
Electric Scooter Maker Hero Electric Raises ₹2.2 Billion in Series B Funding
Electric scooter manufacturer Hero Electric has announced that it has raised ₹2.2 billion (~$29.5 million) as the first part of its Series B funding. Gulf Islamic Investments (GII) and Hero ...
