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 ...
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 ...
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 ...
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 ...
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
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 ...
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
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 ...
