From: Mercom Capital Group

Torus, a Utah-based energy storage solutions provider, has secured a $200 million investment from Magnetar, an alternative asset manager, to accelerate the deployment of its modular hybrid power plant solutions. The new funding will also fuel the expansion of GigaOne, Torus’ 540,000-square-foot manufacturing campus in Salt Lake City, which is designed to reach a production capacity of over 1 GW per quarter within three years.

Aukera, a renewable energy developer and independent power producer, announced the closing of an oversubscribed €105 million (~$124 million) equity round. With the amount raised, the company plans to accelerate its pipeline of more than 15 GW of solar PV, onshore wind, and battery storage projects in its core markets: the U.K., Italy, Germany, Belgium, and Romania.

Climate-focused investment firm Wollemi Energy Group, part of Wollemi Capital, has completed the acquisition of substantially all of the business of MPower, an Australian developer of renewable energy and battery storage systems, for A$19 million (~$12.5 million). As part of the agreement, the ASX-listed MPower Group is divesting its renewable energy and battery storage operations. Wollemi has also committed to investing more than $100 million to advance MPower’s project pipeline.

Mufin Green Finance, a listed non-banking financial company, has completed the allotment of 5,000 non-convertible debentures (NCDs) worth ₹500 million (~$5.67 million) through a private placement. As per an intimation filed with the stock exchanges, each debenture was allotted a coupon rate of 11% per annum, payable monthly. The NCDs were allotted on September 11, 2025, with a tenure of 15 months.

Independent power producer Serentica Renewables has signed binding agreements to acquire Statkraft’s 445 MW operational solar project at Bikaner, along with 1 GW of solar projects under development across Rajasthan. Projects in the portfolio have been supplying power on a merchant basis and will be transitioned to serve Serentica’s commercial and industrial customers on a round-the-clock basis. The acquisition will grow Serentica’s operating portfolio to 1.5 GW.

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.