Amp Energy Closes $350 Million Credit Facility to Boost its Renewable Assets
Amp Energy, a Toronto-based renewable energy assets owner and developer, announced the closure of an innovative $350 million cross-jurisdictional credit facility with a consortium of leading institutional investors. The consortium ...
Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion
Global corporate funding in the solar sector, including venture capital (VC) funding, private equity, public market, and debt financing, stood at a record ten-year high of $27.8 billion in 2021, ...
Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 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 nine months (9M) of 2021, was ...
Corporate Funding for Solar Up 190% YoY With $22.8 Billion in 9M 2021
Global corporate funding in the sector, including venture capital (VC) funding, public market, and debt financing, stood at $22.8 billion in 112 deals in the first nine months (9M) of ...
Generation Investment Acquires 13% Stake in Octopus Energy for $600 Million
Octopus Energy Group (Octopus) has announced a strategic partnership with Generation Investment Management (GIM), a firm founded in 2004 to invest in businesses that promote sustainability and the fight against climate ...
Japanese Energy Company JERA Invests $1.58 Billion in Philippines Power Utility
Japanese energy company (JERA) has entered into a share purchase agreement with Aboitiz Equity Ventures and Aboitiz & Company to purchase around 27% of the outstanding shares of Aboitiz Power ...
Thermal Energy Storage Systems Company Sunamp Raises $8 Million
From: Mercom Capital Group Sunamp, a provider of thermal energy storage systems, has raised £6 million (~$8.21 million) in Series B funding from the Scottish National Investment Bank. Sunamp plans to ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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, ...
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 ...
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, ...
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 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 ...
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 ...
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
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 ...
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
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 ...
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 ...
