Finance and M&A

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Mercom’s Second Edition of C&I Clean Energy Meet Series Begins Successfully in Bengaluru

Mercom India held the first event of the “C&I Clean Energy Meet 2023” series in Bengaluru. The event was hosted in partnership with the Federation of Karnataka...

March 21, 2023

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Gautamee Hazarika

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C&I

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Consumers

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Finance and M&A

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Solar
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SEG Solar Acquires 2 GW Solar Module Manufacturing Facility in Texas

California-based solar module maker SEG Solar announced the acquisition of a manufacturing facility in Texas with the capacity to produce over 2 GW of solar modules. The...

March 20, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Investments in Renewables Reach New High in 2022 But Need Massive Increase

Global investments in energy transition technologies achieved a historic milestone by reaching a record high of $1.3 trillion in 2022, a 19% increase over 2021 and a 50%...

March 16, 2023

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Solar Financing Startup Aerem Raises $5 Million in pre-Series A Round

Aerem, an Indian solar financing startup, has secured $5 million (~₹413 million) in a pre-Series A funding round to help finance its upcoming product offerings. The...

March 16, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Project Finance Brief: CWP Europe Acquires 134 MW Solar Project in Romania

From: Mercom Capital Group CWP Europe, an international renewable energy project developer, acquired the 134 MW Studina solar project under development in Romania. The...

March 15, 2023

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Staff

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Finance and M&A

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Solar
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Solar Module Maker Silfab Raises $125 Million from ARC Financial

Canada-based solar module manufacturer Silfab Solar has completed the second investment round of $125 million led by ARC Financial Corp, an energy-focused private equity...

March 9, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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Project Finance Brief: EDF Acquires 529 MW Solar Portfolio in Germany

From: Mercom Capital Group EDF Renewables, an independent power producer and services provider, acquired a 529 MW portfolio of development-stage solar projects in...

March 9, 2023

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Staff

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Finance and M&A

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Solar
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Jindal Stainless to Invest ₹1.2 Billion to Install 27 MW of Rooftop Solar Projects

Jindal Stainless has announced it is planning to install two rooftop solar power projects of 21 MW and 6 MW capacity at its Jajpur and Hisar units, respectively, in a...

March 6, 2023

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Gautamee Hazarika

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Finance and M&A

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Rooftop

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Solar
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Revenue Loss due to Solar Equipment Underperformance Rising Globally: Report

Reduced power generation because of equipment underperformance has resulted in a loss of $2.5 billion for the global solar industry, according to Raptor Maps, an...

March 2, 2023

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Gautamee Hazarika

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Finance and M&A

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Modules

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Solar
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Tracker Systems Provider FTC Solar’s Loss Narrows by 14% YoY in 2022

United States-based solar tracker systems provider FTC Solar posted a net loss of $20.5 million in the fourth quarter (Q4) of 2022, a year-on-year (YoY) improvement of...

March 2, 2023

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Gautamee Hazarika

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Finance and M&A

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Solar
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Virescent Subsidiary Acquires 25 MW Solar Project in Gujarat

Godawari Green Energy (GGEPL), a wholly-owned subsidiary of investment firm Kohlberg Kravis Roberts (KKR)-backed Virescent Renewable Energy Trust has acquired a 25 MW...

March 1, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Shoals Technologies Swings to $118 Million Profit in Q4 2022

Manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and eMobility Shoals Technologies Group recorded a net profit of $118.3 million in the...

March 1, 2023

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Gautamee Hazarika

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Finance and M&A

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Solar
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Module Manufacturer First Solar Reports Net Loss of $8 Million in Q4 2022

U.S.-based solar module manufacturer First Solar has recorded a net loss of $8 million in the fourth quarter (Q4) of 2022, compared to an income of $131 million...

March 1, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Daqo’s Q4 Net Income Surges to $373 Million on Higher Polysilicon Sales

China-based manufacturer of photovoltaic (PV)-grade polysilicon Daqo New Energy Corporation posted a year-over-year (YoY) spike of 164% in its net income at $372.9...

March 1, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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BlueOrchard Invests in U-Solar for Expanding C&I Rooftop Solar Portfolio

An infrastructure fund managed by BlueOrchard Finance (BlueOrchard) said it would invest in U-Solar, a renewable energy platform in India, to support the growth of the...

March 1, 2023

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Gautamee Hazarika

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C&I

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Finance and M&A

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Rooftop

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Solar

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