Project Finance Brief: Altus Power Closes €36.2 Million Sale Leaseback Solar Funding
From: Mercom Capital Group Altus Power, a clean energy firm, has completed a sale leaseback tax equity financing worth €36.2 million (~$42 million) for several unspecified solar projects in Minnesota and Massachusetts. Fifth Third ...
Funding and M&A Roundup: Energy Storage Company VFlowTech Secures $3 Million Financing
From: Mercom Capital Group Energy storage solutions provider VFlowTech has secured $3 million in Pre-Series A financing led by Wavemaker Partners, with participation from SEEDS Capital, Sing Fuels, and other prominent angel investors ...
US Had a Pipeline of 160 GW for Solar Projects With Battery Storage at the End of 2020
According to a recently released report by Lawrence Berkeley National Laboratory (LBNL), the pipeline of solar capacity in the U.S. at the end of 2020 was around 460 GW. Of ...
Funding and M&A Roundup: Energy Storage Company Fluence Files for IPO
From: Mercom Capital Group Fluence, a provider of energy storage products and services, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed ...
Project Finance Brief: Iberdrola Acquires a 190 MW Solar Project from RES
From: Mercom Capital Group Iberdrola, a multinational electric utility company, acquired the 190 MWac (245 MWdc) Avonlie solar project from RES, an independent renewable energy company. The project is in New South Wales, ...
DC-Coupled Hybrid Projects Provide Higher Net Value When PV Penetration is High
Solar photovoltaic (PV) power demand has increased due to favorable policies, technological advancements, cost reduction, and clean energy uptake. However, without storage deployment or an increase in price-responsive load, growth ...
Funding and M&A Roundup: Solar Leasing Firm Enpal Raises $322 Million
From: Mercom Capital Group Enpal, a German-based solar PV and battery leasing solutions company, secured senior debt commitments of €275 million (~$322 million) from BlackRock, Pricoa Private Capital, and UniCredit. In addition, ...
Project Finance Brief: Lightsource bp Raises $1.8 Billion Credit for 25 GW of Solar Projects
From: Mercom Capital Group Lightsource bp, a global solar project developer, secured a $1.8 billion revolving credit facility and trade finance facility to develop 25 GW of solar by 2025. The funding ...
Rooftop Solar Installations Could Exceed 2,000 GW by 2050 Globally: Report
Rooftop solar installations could exceed 2,000 GW globally with more than 1,000 GWh of energy storage capacity by 2050, BloombergNEF and Schneider Electric have said in a recent report. The report ‘Realizing the Potential ...
Project Finance Brief: 1.8 GW Vineyard Wind Offshore Project Closes $2.3B in Financing
From: Mercom Capital Group Amp Power Australia, the Australian operating company of global clean energy project developer Amp Energy, closed project financing for its 120 MW Hillston Solar Farm in New South Wales, ...
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, ...
EnerVenue Secures $100 Million for its Metal-Hydrogen Batteries
US-based renewable storage battery manufacturer EnerVenue has raised $100 million in Series A funding led by Schlumberger New Energy. EnerVenue is said to be the first company to bring metal-hydrogen batteries to the ...
Solar Energy Could Power Over 25% Trains of Indian Railways: Report
According to a recent report published by Climate Trends and Riding Sunbeams, one in four trains of the Indian Railways could be powered by solar power. Indian Railways is one of India's ...
US Installs 345 MW of New Energy Storage Systems in Q2 2021: Report
According to Wood Mackenzie’s latest report, the United States installed 345 MW of new energy storage systems in the second quarter (Q2) of 2021 – a year-over-year (YoY) increase of ...
Funding and M&A Roundup: Solar EPC Company iSun Acquires SunCommon for $40 Million
From: Mercom Capital Group iSun, solar energy and clean mobility infrastructure company, and SolarCommunities (SunCommon) announced that they have entered into a definitive agreement under which a subsidiary of iSun will acquire SunCommon, ...
Project Finance Brief: Statkraft to Sell 4 Co-Located Solar Projects of 234 MW Capacity
From: Mercom Capital Group Greenbacker Renewable Energy, a renewable energy investment firm, through a wholly-owned subsidiary, acquired a 41 MW Heathlands utility-scale solar project in Manistee county, Michigan, from Prism Power Partners. The ...
Daily News Wrap-Up: TotalEnergies to Build Solar Projects in Iraq
Here are some noteworthy cleantech announcements of the day from around the world: TotalEnergies, the Iraqi Ministries for oil and electricity, and the National Investment Commission have signed agreements covering ...
Funding and M&A Roundup: Quanta Services to Acquire Blattner for $2.7 Billion
From: Mercom Capital Group Quanta Services – an American corporation that provides infrastructure services for electric power, pipeline, industrial and communications industries – entered into a definitive agreement to acquire Blattner Holding Company, ...
Project Finance Brief: TransAlta Renewables Acquires a 122 MW Solar Portfolio
From: Mercom Capital Group TransAlta Renewables, an independent renewable energy producer, has entered into a definitive agreement for the acquisition of a 122 MW portfolio of operating solar projects located in North Carolina, ...
Low Energy Costs, Power Outages, Drive Solar Adoption in the US: Survey
Distributed generation storage and energy services provider SunPower Corporation in its survey, ‘The 2021 SunPower Energy Sense Index,’ has revealed that solar is gaining the broader attention from American households ...
Funding and M&A Roundup: Battery Storage Company Form Energy Raises $240 Million
From: Mercom Capital Group Form Energy – a startup focusing on making battery systems that can store renewable energy (solar and wind) for longer durations, announced the close of a ...
Project Finance Brief: Altus Power Acquires 79 MW of Operating Solar Projects in the US
From: Mercom Capital Group Altus Power - an investor, owner, and operator of clean energy projects - announced that it had acquired a 79 MW portfolio of solar projects operating ...
South Africa Receives 102 Bids for 2.6 GW of Wind and Solar Projects
The Department of Mineral Resources and Energy of South Africa has received 102 bids for 2.6 GW of renewable energy projects, including 63 bids for solar projects. In March 2021, ...
Germany Allocates 156 MW of Solar Plus Storage in Innovation Auction
German Federal Network Agency Bundesnetzagentur has announced the auction results for the 250 MW solar innovation auction. In all, 16 solar plus storage projects with a combined capacity of 156 ...
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 ...
