Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion

Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion

Torrent Power Limited has entered into a share purchase agreement with CESC Limited, Haldia Energy Limited, and other nominal shareholders to acquire 100% of the share capital of Surya Vidyut ...
/ / Finance and M&A, Wind
Lightsource bp Secures $1.8 Billion Credit Facility for Solar Expansion

Lightsource bp Secures $1.8 Billion Credit Facility for Solar Expansion

Solar developer Lightsource bp has secured a $1.8 billion credit and trade finance facility to support its global expansion strategy. The company plans to develop 25 GW of solar projects ...
/ / Finance and M&A, Solar
Clean Energy Platform Arcadia Raises $100 Million in Series D Funding

Clean Energy Platform Arcadia Raises $100 Million in Series D Funding

Arcadia, a clean energy platform that connects homeowners to clean energy programs in the United States, has secured $100 million in funding. The Series D funding round was led by ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Energy Analytics Company Bidgely Raises $26 Million

Funding and M&A Roundup: Energy Analytics Company Bidgely Raises $26 Million

From: Mercom Capital Group EnerVenue, an energy storage solutions company providing metal-hydrogen batteries, announced that it had raised $100 million in Series A funding. Schlumberger New Energy led the round, ...
/ / Finance and M&A, Solar
Renewable Energy Developer Altus Power to Go Public in a SPAC Deal (1)

Renewable Energy Developer Altus Power to Go Public in a SPAC Deal

Renewable energy developer Altus Power (Altus) has announced a business combination with CBRE Acquisition Holdings (CBAH), a special purpose acquisition company (SPAC), resulting in Altus becoming a publicly-traded company on ...
/ / Finance and M&A, Other
Battery Analytics Company ACCURE Secures $8 Million Funding

Battery Analytics Company ACCURE Secures $8 Million Funding

Blue Bear Capital, a U.S.-based investor, focused on digital technologies for energy and climate solutions, Capnamic Ventures, and 42CAP have invested $8 million in ACCURE - a software and artificial ...
/ / Energy Storage, Market & Policy
Sweden's Rooftop Solar Installer Soltech Acquires Major Stake in a Roofing Company

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 ...
/ / Finance and M&A, Solar
FlexGen Receives $150 Million Funding from Apollo Global Management Affiliates

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, ...
/ / Energy Storage, Market & Policy
Funding and M&A Roundup BlackRock Real Assets Invests in South Korean Solar Company

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 ...
/ / Finance and M&A, Other
Project Finance Brief: Buckeye Partners Acquires 270 MW Solar Project from OCI Solar Power

Project Finance Brief: Buckeye Partners Acquires 270 MW Solar Project from OCI Solar Power

From: Mercom Capital Group U.S. petroleum distributor Buckeye Partners has acquired a 270 MW construction-ready solar project – Project Parker, from OCI Solar Power. OCI Solar Power develops, constructs, finances, ...
/ / Finance and M&A, Solar
Corporate Funding for Solar Surges by 193% Globally in 1H 2021

Corporate Funding for Solar Surges by 193% Globally in 1H 2021

Global corporate funding in the solar sector, including venture capital (VC) funding, debt and public market financing, stood at $13.5 billion in the first half (1H) of 2021, a 193% ...
Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion

Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion

Adani Green Energy Limited (AGEL) has signed a share purchase agreement to acquire 100% stake in SB Energy India from Soft Bank Group (80%) and Bharti Group (20%). The transaction marks the ...
/ / Finance and M&A, Solar
Corporate Funding for Battery Storage Companies Up 52% With $4.7 Billion in Q1 2021

Corporate Funding for Battery Storage Companies Up 52% With $4.7 Billion in Q1 2021

The venture capital (VC) funding for battery storage, smart grid, and energy efficiency companies in Q1 2021 saw a growth of 410% and stood at $1.3 billion, compared to $252 ...
/ / Grid, Smart Grid
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 ...
After a Lull in Q2, Investments in Indian Solar Sector Up by 170% in Q3 2020

After a Lull in Q2, Investments in Indian Solar Sector Up by 170% in Q3 2020

Investments in the Indian solar sector rose by 170% and stood at approximately $270 million (~₹19.9 billion) in the third quarter of 2020 (Q3 2020), compared to $100 million (~₹7.4 ...
/ / Mercom Research Focus, Other
Solar Project Acquisition Activity Up 52% YoY in First Nine Months of 2020

Solar Project Acquisition Activity Up 52% YoY in First Nine Months of 2020

Mercom Capital Group's latest 9M and Q3 2020 Solar Funding and M&A Report showed that total corporate funding – including venture capital (VC) funding, public market, and debt financing jumped 43% ...
Funding and M&A Roundup_ Indian Lithium-ion battery Maker Grinntech Raised $2 million

Funding and M&A Roundup: Indian Lithium-ion battery Maker Grinntech Raised $2 Million

From: Mercom Capital Group 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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ ReneSola Acquires Solar Projects and Assets in the US

Funding and M&A Roundup: ReneSola Acquires Solar Projects and Assets in the US

From: Mercom Capital Group 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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ China Three Gorges Acquires 500 MW of Solar Assets From X-Elio

Funding and M&A Roundup: China Three Gorges Acquires 500 MW of Solar Assets From X-Elio

From: Mercom Capital Group 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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup: ChargePoint Secures $127M, First Solar Sells O&M Business

Funding and M&A Roundup: ChargePoint Secures $127M, First Solar Sells NA O&M Business

From: Mercom Capital Group 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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Tokyo Gas Acquires 514 MW Solar Project, Northvolt Raises $1.6B

Funding and M&A Roundup: Tokyo Gas Acquires 514 MW Solar Project, Northvolt Raises $1.6B

From: Mercom Capital Group 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 ...
/ / Markets & Policy, Solar
Corporate Funding for Solar Slid Globally in 1H 2020 But, It Could Have Been Worse

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) ...
Corporate Funding in 2019 Jumps 20% Reaching $12 Billion in the Solar Sector Globally

Corporate Funding in 2019 Jumps 20% Reaching $12 Billion in the Solar Sector Globally

Total corporate funding in the solar sector increased by 20% in 2019, reaching $11.7 billion in 117 deals, up from $9.7 billion in 139 deals in 2018, according to Mercom ...
/ / Mercom Research Focus, Other
Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies

Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies

Masdar (or Abu Dhabi Future Energy Company) is set to acquire a minority stake in Hero Future Energies Global Ltd. (HFE UK), and Hero Future Energies Private Ltd (HFE India) according to ...
Corporate Funding for Solar Sector Globally Rises by 34% With $9 Billion in 9M 2019

Corporate Funding for Solar Sector Globally Rises by 34% With $9 Billion in 9M 2019

Total corporate funding (including venture capital/private equity, public market, and debt financing) in the first nine months (9M) of 2019 was up with $9 billion raised, compared to $6.7 billion ...
/ / Finance and M&A, Solar