Quality Assets are in Demand as Investments Flow into the Indian Solar Market
India is on the cusp of a renewable revolution, with the government and the industry complementing each other in facilitating the wider adoption of renewable energy in the country. With ...
Investments are Imperative to Achieve India’s Ambitious Solar Target
Foreign investors have been teaming up with local independent power producers to tap into India's booming solar market. Riding on the heels of a growing economy and strong support from ...
JSW to Acquire Mytrah Energy for $2 Billion
Indian multinational conglomerate JSW Group has signed an agreement to buy renewable energy producer Mytrah Energy India in a deal expected to be worth $1.8 billion to $2 billion, according ...
Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022
Global corporate funding for Battery Storage, Smart Grid, and Energy Efficiency companies in the first quarter (Q1) of 2022 stood at $13.3 billion, according to Mercom’s Q1 2022 Funding and ...
Global Corporate Funding in Solar Sector Surges 51% in Q1 2022
Total corporate funding—including venture capital (VC) funding, public market, and debt financing—into the solar sector globally came to $7.5 billion through 49 deals in the first quarter (Q1) 2022, according ...
IKEA Acquires 440 MW of Solar Projects in Europe for €340 Million
Ingka Group, which owns most of the IKEA retail stores across the globe, through its investment arm Ingka Investments, has acquired nine solar PV projects totaling 440 MW in Germany ...
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 ...
