From: Mercom Capital Group

Opdenergy, an independent renewable energy producer, has secured a new corporate debt facility of €350 million (~$412 million) through senior bonds (2025 Bonds) from a group of institutional investors led by EIG and Infranity. The corporate debt facility will provide additional capital to accelerate the execution of Opdenergy’s business plan, strengthen its position in the renewable energy market, and support its continued expansion as a large-scale Independent Power Producer across Europe, the U.S., and Latin America.

Lyten, a lithium-sulfur battery developer, announced the acquisition of Dwa Energy Storage System manufacturing operation in Gdansk, Poland, from energy storage solutions provider Northvolt. The financial terms of the acquisition have not been disclosed by either party and are expected to close in Q3 2025. The deal includes a 270,000 sq ft manufacturing and R&D facility, which is said to be one of the largest battery manufacturing facilities in Europe, and was part of Northvolt Systems.

ILJIN Electronics, a material subsidiary of Amber Group, has entered into definitive agreements for a majority stake in India-based Power One Micro Systems. Power-One offers battery energy storage systems (BESS), solar inverters (on-grid, off-grid, and hybrid), electric vehicle charging solutions, and uninterrupted power supply solutions. The financial details of the transaction were not disclosed.

Solar water pump and motor manufacturer Shakti Pumps has raised ₹2.92 billion (~$34.07 million) through a qualified institutions placement (QIP) of shares. The QIP issue was priced at ₹918 (~$11) per share, a 4.97% discount to the Securities and Exchange Board of India floor price of ₹965.96 (~$11.3). The proceeds from the QIP will be utilized to establish a solar cell and module manufacturing facility in Pithampur, Madhya Pradesh, through the company’s subsidiary, Shakti Energy Solutions.

The Green Climate Fund (GCF) has approved $200 million (~₹17.07 billion) for a new program led by the Asian Development Bank (ADB) to enhance large-scale public and private investments in India’s high-impact and emerging clean energy sectors. This funding is ADB’s first partnership with GCF in India. GCF will provide the concessional funding for ADB’s India Green Finance Facility.

For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.

Read last week’s funding roundup.