acquisition

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Gensol Acquires Solar Tracker Maker Scorpius for ₹1.35 Billion

Gensol Engineering, a part of solar engineering, procurement, and construction (EPC) company Gensol Group, has acquired India-based solar tracker manufacturer Scorpius...

March 23, 2023

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Gourav Mishra

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Other

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Renewable Energy
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New Acquisition Helps Array Technologies Cut Q4 Net Loss to $17.3 Million

The net loss of Array Technologies, a provider of utility-scale solar tracker technology solutions, narrowed to $17.3 million in the fourth quarter (Q4) of the financial...

March 23, 2023

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Gourav Mishra

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Finance and M&A

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Solar

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Utility Scale
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Spearmint Energy Acquires 900 MW Battery Storage Portfolio in Texas

Spearmint Energy, a green merchant trading company that develops, owns, and operates around battery energy storage systems (BESS), has acquired a portfolio of 900 MW...

March 23, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Funding and M&A Roundup: Solar Developer Amarenco Raises $321 Million

From: Mercom Capital Group Amarenco, an independent power producer, secured €300 million (~$321 million) in funding. The funding round was led by Arjun Infrastructure...

March 23, 2023

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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: Navisun Raises $235 Million for Solar Projects

From: Mercom Capital Group Navisun, an independent power producer, announced it has secured up to $235 million in debt financing through two facilities. The funding will...

March 15, 2023

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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: Solar Solutions Provider Palmetto Raises $150 Million

From: Mercom Capital Group Palmetto, a provider of solar-based software solutions, announced $150 million in funding from TPG Rise Climate, investing strategy of...

March 9, 2023

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Staff

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Finance and M&A

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Other
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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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Funding and M&A Roundup: EO Charging Raises $80 Million in Equity Funding

From: Mercom Capital Group EO Charging, a Britain-based electric vehicle charging solutions company, secured $80 million in equity funding from Vortex Energy and Zouk...

March 1, 2023

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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: NanoGraf Raises $65 Million for Battery Technology

From: Mercom Capital Group NanoGraf, a battery materials company with patented silicon-anode technology, has raised $65 million in a Series B funding round. The funding...

February 22, 2023

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Staff

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Finance and M&A

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Other
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Toyota to Acquire Renewables Developer to Achieve Carbon-Neutral Goals

Toyota Tsusho Corporation, the trading arm of the Toyota Group, inked an agreement with Japan-based renewable energy developer SB Energy, a subsidiary of SoftBank Group...

February 16, 2023

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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Funding and M&A Roundup: Cirba Solutions Raises $50 Million for Battery Recycling

From: Mercom Capital Group Cirba Solutions, a provider of end-to-end battery recycling management solutions, received a $50 million minority investment from Tokyo-based...

February 15, 2023

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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: Energy Storage Firm Aypa Power Secures $320 Million Debt Funding

From: Mercom Capital Group Aypa Power, a developer, owner, and operator of energy storage and hybrid generation assets has secured a corporate credit facility worth $320...

February 1, 2023

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Staff

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Finance and M&A

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Other
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London-based Thomas Lloyd Energy Trust Acquires SolarArise

SolarArise, a Delhi-based solar project developer, has announced the completion of its acquisition by Thomas Lloyd Energy Impact Trust, an investment fund listed on the...

January 30, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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IndiGrid’s Q3 Profit Rises 27% to ₹1.19 Billion on the Back of Acquisitions

IndiGrid, the Indian power sector’s first infrastructure investment trust (InvIT), said its profit jumped 27% year-over-year (YoY) to ₹1.19 billion (~$14.59 million) in...

January 31, 2023

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Rakesh Ranjan

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Finance and M&A

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Grid

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T&D
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Adani Green to Acquire 50% Stake in Rajasthan-based Solar Park Developer

Adani Renewable Energy Two, a wholly-owned subsidiary of Adani Green Energy (AGEL), said it has signed a binding agreement to buy 50% equity interest in Essel Saurya...

January 18, 2023

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Gourav Mishra

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Markets & Policy

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Solar

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