Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project
MidAmerican Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, announced its plans for a $3.9 billion renewable energy project in Iowa, United States. The proposed project called ‘Wind PRIME’ ...
Project Finance Brief: Matrix Renewables to Acquire a 440 MW Solar Portfolio
From: Mercom Capital Group Matrix Renewables, a renewable energy company, entered into an agreement to acquire a 440 MW solar portfolio across Spain and Italy. The portfolio, which comprises five different assets with ...
Funding and M&A Roundup: Jinko Solar Expects to Raise RMB 10 Billion Through IPO
From: Mercom Capital Group JinkoSolar Holding, a solar panel manufacturer, is in the process of applying for an initial public offering (IPO) of the company’s principal operating subsidiary, Jinko Solar Co ...
Industry Expects Energy Storage to Gain More Ground in 2022
India's renewable energy capacity is growing exponentially, driven by the ambitious target of achieving 500 GW of non-fossil energy capacity by 2030. Energy storage is expected to play a critical ...
Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs
Hydrostor, a Canada-based long-duration energy storage solution provider, announced that it had secured $250 million funding from the Private Equity and Sustainable Investing Businesses within Goldman Sachs Asset Management. The company ...
Project Finance Brief: Recurrent Energy to Sell 150 MW Firefly Energy Solar Project
From: Mercom Capital Group Canadian Solar, a vertically integrated manufacturer of silicon ingots, wafers, and PV cells and modules, announced its wholly-owned subsidiary, Recurrent Energy, has completed a purchase and sale agreement with ...
Funding and M&A Roundup: US Solar Developer Silicon Ranch Raises $775 Million
From: Mercom Capital Group Silicon Ranch Corporation, the U.S. solar platform for Shell and an independent solar power producer, has raised $775 million in new equity capital. Manulife Investment Management, on behalf of ...
Researchers Develop a Stable Anode Material for Sodium-Ion Batteries
Researchers at the Beijing University of Technology claim that they had synthesized a series of phosphorus(P)-/tin (Sn)-based composites that serve as high-capacity and high-stability anode materials, enabling a sodium-ion battery ...
Guidelines for Developing Sustainable Energy Storage Supply Chain Policies
The U.S. Energy Storage Association (ESA) has published guidelines for building a responsible energy storage supply chain policy that fits into environmental, social, and governance (ESG) considerations. Lithium-ion batteries are ...
Project Finance Brief: Scout Clean Energy Acquires 369 MW Blue Sky Solar Project from RES
From: Mercom Capital Group Colorado-based Scout Clean Energy, a renewable energy developer and Quinbrook Infrastructure Partners portfolio company, acquired the 369 MW Blue Sky utility-scale project in Grundy County, Illinois, from Renewable Energy ...
Funding and M&A Roundup: Amp Energy Secures Green Loan for a 60 MW Solar Project
From: Mercom Capital Group Renewable Energy Developer Amp Energy has secured a ‘Shinsei Green Loan’ valued at JPY17 billion (~$151 million) from its standing financing partner, Shinsei Bank. The funds will be used ...
Australia Announces $100 Million Funding for Grid-Scale Battery Storage Projects
The Australian Renewable Energy Agency (ARENA) has announced a $100 million competitive funding round for grid-scale batteries with advanced inverters to support the grid. Expressions of interest (EoI) will open ...
Project Finance Brief: Ashtrom, Kenlov to Acquire 1.1 GW of Solar Portfolio in the US
From: Mercom Capital Group Ashtrom Group, an Israel-based construction and property company, and Kenlov Renewable Energy, an independent power producer, signed a definitive agreement to acquire four solar projects in ...
Funding and M&A Roundup: Belectric’s European Solar Business Acquired by Elevion Group
From: Mercom Capital Group Czech utility CEZ's Elevion Group has acquired the European solar operations of Belectric Group. The acquisition covers a 100% stake in the German-based Belectric and other ...
Top Developments in the Indian Energy Storage Sector in 2021
India aims to have 500 GW of non-fossil fuel capacity by 2030. While renewable energy installations are steadily increasing, the country lacks adequate energy storage solutions to support the integration ...
US-Based Power Utility Issues RfP to Acquire 250 MW of Solar Plus Storage Projects
Platte River Power Authority, a U.S.-based power utility company, has issued a request for proposals (RfP) to acquire 250 MW of solar and/or co-located battery storage projects. The last date ...
Funding and M&A Roundup: Battery Cell Manufacturer SVOLT Raises $1 Billion
From: Mercom Capital Group SVOLT, a battery cell manufacturer, raised ¥6 billion (~$1 billion) in a financing round. The company plans to invest the fresh capital mainly in developing new ...
Project Finance Brief: VTRM Acquires 635 MW Jaiba V Solar Project in Brazil
From: Mercom Capital Group Canadian Solar, a manufacturer of solar PV modules, provider of solar energy and battery storage solutions, and VTRM, a renewable energy company in Brazil, announced the sale of ...
Stem to Acquire Solar Asset Software Service Provider AlsoEnergy for $695 Million
Stem, a U.S.-based artificial intelligence-driven (AI) energy storage software and services provider, has entered into a definitive agreement to acquire AlsoEnergy, a U.S.-based solar asset management software provider, in a ...
Why India Needs More Wind-Solar Hybrid Projects
The intermittent nature of standalone wind and solar power sources has made it important for policymakers to promote wind-solar hybrid projects that provide a longer-duration power supply and maximize resources ...
U.S. Installs 3.51 GWh of New Energy Storage Capacity in Q3 2021: Report
The United States installed a record 3.51 GWh of new energy storage capacity in the third quarter (Q3) of 2021, Wood Mackenzie said in a report. In Q3 2021, the utility-scale front-of-the-meter ...
Project Finance Brief: TagEnergy Acquires a 99.9 MW Battery Project for $85.8 Million
From: Mercom Capital Group TagEnergy, a clean energy company investing in competitive generation and storage assets, has acquired a 100% stake in the 99.9 MW Lakeside battery energy storage system ...
Funding and M&A Roundup: Canadian Solar Issues €30 Million Green Bond
From: Mercom Capital Group Canadian Solar, a vertically integrated manufacturer of silicon ingots, wafers, and PV cells and modules, announced that Canadian Solar EMEA Capital Markets, an indirectly wholly-owned subsidiary of Canadian ...
Project Finance Brief: NextEra to Sell 50% Stake in 2.5 GW US Renewable Portfolio
From: Mercom Capital Group NextEra Energy, through its subsidiary NextEra Energy Resources, has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 MW long-term contracted ...
Funding and M&A Roundup: Energy Dome Raises $11 Million in Series A Funding Round
From: Mercom Capital Group Energy Dome, an Italian energy storage technology company, raised $11 million in a Series A funding round. The company will use the proceeds to complete its CO2 Battery demonstration ...
