Finance and M&A

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Canadian Solar Posts Record Year Even as Q4 Profits Plunge

Solar module maker Canadian Solar reported record 2023 numbers with an 89% surge in net income for the full year (FY), but profits in the fourth quarter (Q4) fell...

March 15, 2024

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Staff

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Finance and M&A
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Project Finance Brief: X-ELIO Secures $97 Million Financing for Solar Projects

From: Mercom Capital Group X-ELIO, a solar project developer, announced the closing of €89 million (~$96.75 million) financing deal with Societe Generale as sole...

March 13, 2024

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Staff

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Finance and M&A

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Solar
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BluPine Energy Acquires 369 MW of Solar Assets from ACME Group

Gurgaon-based BluPine Energy has expanded its renewable energy portfolio by acquiring 369 MW of solar power assets from the ACME Group. The deal covers 14 special...

March 4, 2024

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Staff

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Finance and M&A
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Daqo Q4 2023 Earnings Fall Amid Crashing Polysilicon Prices

China-based polysilicon manufacturer Daqo New Energy Corporation reported lower revenue and net income in the fourth quarter (Q4) of 2023, as polysilicon prices...

February 29, 2024

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Staff

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Finance and M&A
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First Solar Swings to Profit in Q4 on Strong US Demand

U.S.-based solar module manufacturer First Solar reported a fourth-quarter (Q4) net income of $349 million, swinging to profit from last year’s loss of $7.5 million, as...

February 28, 2024

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Staff

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Finance and M&A
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Sunnova’s Q4 Losses Balloon as Operating and Interest Expenses Soar

U.S.-based residential solar firm Sunnova Energy‘s fourth quarter (Q4) net loss ballooned by about 800% to $187.6 million from $20.9 million last year, hurt by...

February 23, 2024

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Staff

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Finance and M&A
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Sunrun Swings to Q4 Loss Weighed by Lower Sales and High-Interest Rates

United States-based residential solar, battery storage, and energy services company Sunrun swung to a loss in the fourth quarter (Q4) of 2023, hurt by lower sales,...

February 22, 2024

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Staff

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Finance and M&A

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Residential

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Rooftop
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Project Finance Brief: ENERPARC Secures Financing for 325 MW Solar, Hybrid Projects

From: Mercom Capital Group ENERPARC AG, a solar project developer, secured bridge financing for a 325 MW project portfolio consisting of solar photovoltaic (PV) and...

February 21, 2024

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Staff

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Finance and M&A

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Solar
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SunPower’s Q4 Revenue Falls as Higher Interest Rates and NEM 3.0 Hurt Sales

Distributed generation, storage, and energy services company SunPower Corporation posted a fourth-quarter (Q4) revenue of $356.9 million, down 28% from $498 million last...

February 16, 2024

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Staff

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Finance and M&A

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Rooftop
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Project Finance Brief: Recurrent Energy Secures $160 Million Project Financing

From: Mercom Capital Group Recurrent Energy, a solar project developer and a wholly owned subsidiary of Canadian Solar secured $160 million in project financing for the...

February 14, 2024

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Staff

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Finance and M&A

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Solar
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Microinverter Firm Enphase’s Q4 Profit Falls 65% on Slowing Demand

Microinverter and battery storage supplier Enphase Energy’s profit for the fourth quarter (Q4) of the financial year (FY) 2023 fell 65% from last year as the...

February 7, 2024

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Staff

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Finance and M&A

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Inverters & BOS
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Project Finance Brief: Vesper Energy Secures $590 Million for Solar Project

From: Mercom Capital Group Vesper Energy, a developer, owner, and operator of utility-scale renewable energy projects, secured $590 million in debt financing for the...

February 7, 2024

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Staff

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Finance and M&A

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Solar
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Nextracker’s Q3 Revenue Up 38% YoY on Higher Deliveries in US

Solar tracker firm Nextracker reported a 38% year-over-year (YoY) jump in its revenue for the third quarter (Q3) of the financial year (FY) 2023-24, helped by higher...

February 5, 2024

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Staff

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Finance and M&A
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Project Finance Brief: Scale Microgrids Acquires 500 MW Community Solar Projects

From: Mercom Capital Group Scale Microgrids, a vertically integrated distributed energy platform, entered into a definitive agreement with Gutami to acquire 500 MW of...

January 24, 2024

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Staff

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Finance and M&A

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Solar
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Solar Industry Secures Decade-High Corporate Funding of $34.3 Billion in 2023

Global corporate funding in the solar sector in 2023, including venture capital (VC) investments, public market funding, and debt financing, reached $34.3 billion, a 42%...

January 22, 2024

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Arjun Joshi

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Finance and M&A

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Mercom Research Focus

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Solar

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