Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project

Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project

MidAmerican Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, announced its plans for a $3.9 billion renewable energy project in Iowa, United States. The proposed project called ‘Wind PRIME’ ...
/ / Other, Renewable Energy
Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Hydrostor, a Canada-based long-duration energy storage solution provider, announced that it had secured $250 million funding from the Private Equity and Sustainable Investing Businesses within Goldman Sachs Asset Management. The company ...
/ / Energy Storage
Daily News Wrap-Up: IndiGrid Bags Transmission Project to Evacuate 1 GW of Renewables

Daily News Wrap-Up: IndiGrid Bags Transmission Project to Evacuate 1 GW of Renewables

Here are some noteworthy cleantech announcements of the day from around the world: REC Power Development and Consultancy Limited (RECPDCL), a 100% subsidiary of REC Limited, handed over the project-specific ...
/ / Other, Renewable Energy
Schroders To Acquire a Majority Stake in Renewables Investor Greencoat for $474 Million

Schroders to Acquire a Majority Stake in Renewables Investor Greencoat for $474 Million

Schroders, a London-based asset management company, announced that it had signed an agreement to acquire a 75% shareholding in Greencoat Capital Holdings, a British renewables investor, for £358 million (~$474.09 million) ...
/ / Finance and M&A, Other
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
Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation-led consortium has announced that it would acquire a 51% equity stake in Singapore-based solar developer Cleantech Solar for up to $150 million. The consortium includes Keppel Asia Infrastructure Fund ...
/ / Finance and M&A, Other
What it Will Take for India's Clean Energy Sector to Unlock Billions in Foreign ESG Funds

What it Will Take for India’s Clean Energy Sector to Unlock Billions in Foreign ESG Funds

The Indian renewable energy (RE) market is one of the most attractive destinations for foreign investors. According to the 2020 Climate Transparency report, India is the only G20 nation on ...
/ / Mercom Research Focus, Other
Biofuel Trading Platform Buyofuel Raises ₹16 Million in a Seed Funding Round

Biofuel Trading Platform Buyofuel Raises ₹16 Million in a Seed Funding Round

Buyofuel, an Indian online marketplace for biofuel and wastes, raised over ₹16 million (~$214,887) in a seed funding round led by Inflection Point Ventures (IPV). The funding will be utilized ...
/ / Finance and M&A, Other
Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022 Interview

Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022: Interview

The Indian solar market is steadily recovering after facing several challenges due to the Covid-19 pandemic and subsequent lockdowns in the past two years. According to Mercom's Q2 2021 India Solar ...
/ / Grid, Market & Policy
EDP Renewables Acquires Majority Stake in Sunseap at $815 Million Valuation

EDP Renewables Acquires Majority Stake in Sunseap at $815 Million Valuation

EDP Renewables (EDPR), a Spain-based renewable energy company, has acquired a majority stake in Singapore-based solar energy company Sunseap. The deal values Sunseap at S$1.1 billion (~$815.18 million). With this investment, ...
/ / Finance and M&A, Solar
Storage Solutions Provider Yotta Energy Raises $13 Million in Series A Funding

Storage Solutions Provider Yotta Energy Raises $13 Million in Series A Funding

Yotta Energy, a U.S.-based energy storage solution provider, has raised $13 million in a Series A funding round. The company has raised a funding of $20 million to date. WIND ...
Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

Reliance New Energy Solar, the green energy arm of Reliance Industries Limited (RIL), has offered ₹375 (~$5)/share to acquire 49.14 million equity shares of Sterling and Wilson Solar for around ₹18.42 billion ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Rajasthan Approves Extension for Rooftop Solar Subsidy Projects

Daily News Wrap-Up: Rajasthan Approves Extension for Rooftop Solar Subsidy Projects

Here are some noteworthy cleantech announcements of the day from around the world: Rajasthan Renewable Energy Corporation Limited (RRECL) has granted an extension until November 24, 2021, to complete the ...
/ / Other, Renewable Energy
Robust Execution Plan, Financial Infrastructure Needed to Install 300 GW of Solar by 2030

Robust Execution Plan, Financial Infrastructure Needed to Install 300 GW of Solar by 2030

Mercom hosted a session on 'Solar's Dominant Role in India's Transition: Market Outlook 2030' at Mercom India Solar Forum 2021 to take a close look at the policy framework of ...
/ / Markets & Policy, Solar
Grasim to Procure Additional Power from ReNew’s Captive Wind-Solar Hybrid Project

Grasim to Procure Additional Power from ReNew’s Captive Wind-Solar Hybrid Project

Grasim Industries Limited, the textile arm of the Aditya Birla Group, has signed a supplemental share subscription agreement with ReNew Green Energy Solutions and ReNew Surya Uday. The company plans ...
/ / Commercial, Solar
Reliance’s Green Energy Arm to Invest $39 Million in Solar Wafer Manufacturer NexWafe

Reliance’s Green Energy Arm to Invest $39 Million in Solar Wafer Manufacturer NexWafe

Reliance New Energy Solar, the green energy arm of Reliance Industries, will invest €25 million (~$29 million) in a Germany-based solar wafer manufacturer, NexWafe GmbH. Reliance New Energy Solar will be the ...
/ / Finance and M&A, Solar
Air Liquide, Total to Launch World’s Largest Fund for Clean Hydrogen Solutions

Air Liquide, Total to Launch World’s Largest Fund for Clean Hydrogen Solutions

Air Liquide, TotalEnergies, VINCI, and other international companies have come together to sponsor the creation of the world’s largest fund exclusively dedicated to clean hydrogen infrastructure solutions. The fund aims to raise ...
/ / Finance and M&A, Other
Energize Ventures Raises $330 Million to Enhance Energy Transition Technologies

Energize Ventures Raises $330 Million to Enhance Energy Transition Technologies

Energize Ventures, a global investment manager that funds digital-first solutions for sustainable energy transition, announced that it had raised $330 million while closing its second flagship fund. The company said ...
/ / Finance and M&A, Other
KKR-Sponsored Virescent Raises ₹4.6 Billion for its Renewable Energy InvIT

KKR-Sponsored Virescent Raises ₹4.6 Billion for its Renewable Energy InvIT

Virescent Renewable Energy Trust (VRET), a renewable energy infrastructure investment trust (InvIt) from KKR's Virescent Infrastructure, has raised ₹4.6 billion (~$62 million) from foreign and domestic investors. Alberta Investment Management Corporation ...
/ / Finance and M&A, Solar
Ford, SK Innovation to Invest $11 Billion to Build Mega EV and Battery Facilities

Ford, SK Innovation to Invest $11 Billion to Build Mega EV and Battery Facilities

Ford Motor Company and SK Innovation plan to invest $11.4 billion to develop electric vehicle and battery manufacturing facilities in the United States. The companies will form a new joint venture called BlueOvalSK ...
/ / Energy Storage, Technology
Shree Cement to Develop 106 MW of Solar Projects to Meet its Captive Power Needs

Shree Cement to Develop 106 MW of Solar Projects to Meet its Captive Power Needs

Kolkata-based cement manufacturer Shree Cement plans to develop 106 MW of solar power projects to meet the captive power needs of its cement manufacturing facilities at various locations. The proposed capacity is ...
/ / Solar, Utility Scale
About 45% Of EU Firms Have Reported Investments to Fight Climate Change EIB Report

About 45% of EU Firms Have Reported Investments to Fight Climate Change: EIB Report

European Investment Bank (EIB) recently published the report "European firms and climate change 2020/2021: Evidence from the EIB Investment Survey". The report sheds light on how European Union (EU) firms ...
/ / Other, Renewable Energy
Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

CleanMax, an Indian renewable energy company, announced that Augment Infrastructure, a U.S.-based investment company, has acquired a majority stake in the company investing ₹16.5 billion (~$222.23 million) in equity. As a ...
/ / Finance and M&A, Solar
Reliance, Bill Gates, and Others Invest $144 Million in Energy Storage Company Ambri

Reliance, Bill Gates, and Others Invest $144 Million in Energy Storage Company Ambri

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited, along with investors like Bill Gates, Fortistar, Paulson & Co., and few other investors, have invested $144 ...
/ / Finance and M&A, Other
OMERS Infrastructure to Acquire 19.4% Stake in Azure Power for $219 Million

OMERS Infrastructure to Acquire 19.4% Stake in Azure Power for $219 Million

OMERS Infrastructure announced that it has signed a stock purchase agreement to acquire a 19.4% stake in Indian independent power (solar) producer Azure Power Global for $219 million from International Finance Corporation (IFC) ...
/ / Finance and M&A, Solar