Finance And Ma

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Funding and M&A Roundup: Scout Clean Energy Secures $100 Million

From: Mercom Capital Group Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, announced the closing of a $100 million equipment supply...

May 8, 2024

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Staff

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Finance and M&A

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Other
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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended...

May 6, 2024

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Staff

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Finance and M&A
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PointO Raises ₹62 Million to Build Full-Stack Lithium Battery Ecosystem in India

Lithium battery startup PointO has secured ₹62 million (~$743,236) in seed funding, with Equirus InnovateX Fund (EIF) leading the round with an investment of ₹50 million...

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REC’s Q4 Net Profit Up by 33% to ₹41 Billion, Loan Approvals for Renewables Surge

Public infrastructure finance company REC Limited recorded a total income of ₹127.07 billion (~$1.52 billion) for the fourth quarter (Q4) of the financial year (FY)...

May 2, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Project Finance Brief: Enfinity Secures $195 Million for 70 MW Solar Project

From: Mercom Capital Group Enfinity Global, a renewable energy project developer, secured $195 million in long-term project financing for a 70 MW solar project in Japan....

May 2, 2024

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Finance and M&A

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Other
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Funding and M&A Roundup: Pine Gate Renewables Secures $650 Million

From: Mercom Capital Group Pine Gate Renewables, a solar project developer, secured a $650 million investment from Generate Capital, the Healthcare of Ontario Pension...

May 2, 2024

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Staff

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Finance and M&A

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Other
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AdaniConneX Raises $1.44 Billion in Green Financing for Data Centers

AdaniConneX, a data center solutions provider and a joint venture between Adani Enterprises and EdgeConneX, has established sustainability-linked financing to raise $1....

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REC Avails $388 Million Loan from SACE for Green Energy Projects

Public infrastructure finance company REC Limited has availed a green loan of ¥60.5 billion (~$387.6 million) from SACE, an Italian export credit agency, to finance a...

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Captive Segment Growth Drives KPI Green’s Profit Up 36% in Q4 FY24

Renewable energy solutions provider KPI Green Energy posted a revenue of ₹2.93 billion (~$35.16 million) in the fourth quarter (Q4) of the financial year (FY) 2023-24,...

April 26, 2024

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Arjun Joshi

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Finance and M&A

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Other
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NextEra Energy’s Q1 Profit Rises 12%, Expects Higher Demand from Data Centers

U.S.-based renewables firm NextEra Energy said its first-quarter net income rose 12% year-over-year to $2.27 billion and that it expects data centers to drive...

April 24, 2024

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Staff

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Finance and M&A
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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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Funding and M&A Roundup: EV Charging Firm SWTCH Raises $27 Million

From: Mercom Capital Group SWTCH Energy, an electric vehicle (EV) charging and energy management solution provider, has closed $27.2 Million in Series B Funding led by...

April 24, 2024

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Finance and M&A

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Other
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Sterling and Wilson Posts Profit After 3 Years, Benefits from Falling Module Prices

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, reported a net profit of ₹10 million (~$120,...

April 22, 2024

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Staff

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Finance and M&A
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Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

Ecozen, a Pune-based startup focused on clean technology solutions for agriculture, has raised $30 million in a new funding round to accelerate its growth and global...

April 19, 2024

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Staff

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Finance and M&A

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Solar
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Funding and M&A Roundup: Nexamp Secures $520 Million

From: Mercom Capital Group Nexamp, a developer of solar and storage projects, secured $520 million in a funding round led by Manulife Investment Management, alongside...

April 17, 2024

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Staff

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Finance and M&A

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Other

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