Finance And Ma

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Avaana Capital Secures $24.5 Million from GCF to Foster Climate Innovation in India

Avaana Capital, a climate-technology investor, has received an investment of $120 million, including $24.5 million from  the Green Climate Fund (GCF), in the “...

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BluPine Energy Secures ₹12.6 Billion Financing for 198 MW Wind Project in Gujarat

Gurgaon-based BluPine Energy has secured ₹12.6 billion (~$152.1 million) for its 198 MW wind project situated in Gujarat, which it had won under Gujarat Urja Vikas...

March 14, 2024

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Mercom Staff

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Finance and M&A

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Wind
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Battery Materials Recycler LOHUM Secures ₹4.5 Billion in Series B Funding

India-based battery materials producer LOHUM has raised ₹4.5 billion (~$54 million) in a series B funding from Singularity Growth, Baring Private Equity, Cactus Venture...

March 13, 2024

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Mercom Staff

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Energy Storage

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Finance and M&A
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Funding and M&A Roundup: Energy Storage Firm phelas Secures $4.5 Million Funding

From: Mercom Capital Group phelas, a provider of long-duration energy storage solutions, secured €4.1 million (~$4.5 million) in a seed funding round led by E44 Ventures,...

March 13, 2024

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Staff

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Finance and M&A

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Other
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Electric Mobility Solutions Firm Attron Secures ₹47.5 Million in Seed Funding Round

Attron Automotive, an electric mobility motor and controller solutions company, has raised ₹47.5 million (~$573,956) in a seed funding round led by Anicut Capital and...

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Plug Power Resolves ‘Going Concern’ Doubts as 2023 Revenues Increase by 27%

Plug Power, a U.S.-based hydrogen fuel cell company, reported a revenue of $891 million for 2023, up 27% from the prior year, allaying fears about its ability to...

March 7, 2024

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Staff

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Finance and M&A
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ChargePoint’s Q4 Revenue Drops 24% as EV Adoption Slows

California-based electric vehicle (EV) charging firm ChargePoint reported a fourth-quarter (Q4) 2024 revenue that was 24% lower than last year as slowing EV adoption...

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Funding and M&A Roundup: Powerdot Secures $108 Million

From: Mercom Capital Group Powerdot, a provider of EV charging solutions, announced the successful closing of a €100 million (~$108 million) funding round led by Antin...

March 6, 2024

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Staff

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Finance and M&A

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Other
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Eos Energy’s Q4 Revenue Surges 148% on Higher Storage System Volumes

Energy storage solutions provider Eos Energy Enterprises reported a 148% surge in revenue in the fourth quarter (Q4) of 2023 to $6.6 million, driven by higher production...

March 5, 2024

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Staff

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Finance and M&A
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Adani’s $409 Million Green Bond Issue Receives Over $3 Billion Bids

Adani Green Energy’s $409 million 18-year tenor green bond offer was oversubscribed seven times, receiving bids for over $3 billion. The bonds will bear interest from...

March 5, 2024

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B.S. Nagaraj

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Finance and M&A
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Project Finance Brief: Strata Clean Energy Secures $559 Million for Storage Project

From: Mercom Capital Group Strata Clean Energy, a developer, owner, and operator of renewable energy projects, secured $559 million in financing for a 255 MW/1,020 MWh...

February 28, 2024

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Ascend Elements Raises $162 Million

From: Mercom Capital Group Ascend Elements, a lithium-ion battery recycling and engineered materials company announced it has raised $162 million in new equity...

February 28, 2024

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Staff

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Finance and M&A

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Other
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Renewable EPC Firm InSolare Energy Raises ₹660 Million

InSolare Energy, a Bengaluru-headquartered renewable developer and engineering, procurement, and construction (EPC) company, has raised ₹660 million (~$7.96 million) in...

February 26, 2024

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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Vena Energy Secures $600 Million Loan to Boost Renewable Projects in APAC

Singapore-based renewable energy firm Vena Energy signed a five-year sustainability-linked revolving credit facility worth JP¥87 billion (~$600 million) to accelerate...

February 22, 2024

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Staff

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Finance and M&A

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Renewable Energy
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ReNew Narrows Q3 Net Loss on Higher Tariffs and Lower Module Prices

Independent renewable power producer ReNew Energy narrowed its net loss by 19% to ₹3.2 billion (~$39 million) in the third quarter (Q3) of the financial year (FY) 2024...

February 21, 2024

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Staff

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Finance and M&A

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Renewable Energy

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