Funding and M&A Roundup: Fundamental Renewables Secures $400 Million
From: Mercom Capital Group Fundamental Renewables, the clean energy investment arm of Fundamental Advisors, has secured a $400 million credit facility to support its growing investment strategy in solar energy assets. The ...
Project Finance Brief: Terra-Gen Raises $959 Million for Solar Storage Projects
From: Mercom Capital Group Terra-Gen, an independent renewable energy provider, raised $959 million in financing for the second phase of its Edwards Sanborn solar storage project in Kern County, California. This phase of ...
Funding and M&A Roundup: Tesseract Raises $78 Million in Funding
From: Mercom Capital Group Tesseract, a vertically integrated company that purchases energy from generators at fixed prices and then offers it to consumers, raised $78 million to buy and build selected renewable energy ...
Project Finance Brief: Atrato Onsite Energy Acquires Solar Projects for $37 Million
From: Mercom Capital Group Atrato Onsite Energy, an investment company, has acquired 33 MW of installed solar projects across 32 the UK from Macquarie’s Green Investment Group for £31 million ...
Rajasthan Lays Thrust on Electric Vehicle Manufacturing in its EV Policy 2022
The Rajasthan EV policy 2022 lays out financial and non-financial incentives and initiatives that would support the adoption of electric vehicles (EV) and seeks to promote EV manufacturing and related ...
Daily News Wrap-Up: Amplus Solar Partners with Mahindra to Electrify its Fleet
Here are some noteworthy cleantech announcements of the day from around the world: Amplus Solar's electric mobility vertical signed a memorandum of understanding with Mahindra Electric to procure their Zor ...
Chhattisgarh’s EV Policy Targets 15% of All Vehicles to Be Electric by 2027
The Chhattisgarh State Electric Vehicle Policy, 2022 aims to accelerate the adoption of electric vehicles (EV), especially in the two-wheeler, public/shared transport, and goods carrier segments. It has targeted 15% ...
Project Finance Brief: Low Carbon Raises $265 Million for 1 GW of Renewable Projects
From: Mercom Capital Group Low Carbon, a renewable energy developer, raised a £230 million (~$265 million) senior debt facility to construct 1 GW of large-scale renewable energy projects in the ...
Funding and M&A Roundup: Battery Recycling Company Ascend Elements Raises $50 Million
From: Mercom Capital Group Ascend Elements, a lithium-ion battery recycling and engineered materials company, announced a strategic investment of $50 million from SK ecoplant, the environmental unit of Korean conglomerate SK Inc. The ...
Funding and M&A Roundup: RWE Acquires Poland’s Alpha Solar
From: Mercom Capital Group RWE, a German energy utility company, has acquired Alpha Solar, a Polish PV solar developer. With this transaction, RWE takes over a 3 GW solar project ...
Project Finance Brief: Monarch Closes $160 Million Funding for Texas Solar Project
From: Mercom Capital Group Monarch Private Capital, an ESG investment firm that develops, finances, and manages a diversified portfolio of projects, announced the closing of a tax equity investment of ...
Daily News Wrap-Up: LG and Honda to Produce EV Batteries in the US
Here are some noteworthy cleantech announcements of the day from around the world: LG Energy Solution and Honda announced they would establish a joint venture to produce lithium-ion batteries in ...
Daily News Wrap-Up: Ohmium Partners With Shell India on Green Hydrogen Solutions
Here are some noteworthy cleantech announcements of the day from around the world: Green hydrogen company Ohmium International is collaborating with Shell India to evaluate hydrogen applications, markets, and project ...
Funding and M&A Roundup: Pivot Energy Acquires Community Solar Project Developer
From: Mercom Capital Group Pivot Energy, a commercial and community solar project developer, has acquired SGC Power, a Maryland-based community solar developer. SGC Power has been involved in 2.8 GW of solar ...
Project Finance Brief: Sonnedix Completes Acquisition of 118 MW Solar Projects
From: Mercom Capital Group Sonnedix, an independent power producer, has completed the acquisition of 117.8 MW of portfolio of solar PV projects from Graziella Holding and other minority sellers. All ...
Daily News Wrap-Up: Ashok Leyland Launches Electric Double-Decker Bus in Mumbai
Here are some noteworthy cleantech announcements of the day from around the world: Union Minister for Road Transport & Highways Nitin Gadkari launched Ashok Leyland Electric Double Decker Bus, Switch ...
Project Finance Brief: Exus to Acquire 20 Solar Projects Totaling 1 GW in Brazil
From: Mercom Capital Group Exus Brasil Investimentos, an asset manager of Exus Management Partners (Exus), has signed a deal to acquire 100% shares of the Riacho da Serra project in Piauí, Brazil, ...
Funding and M&A Roundup: Shell Completes Acquisition of Sprng Energy
From: Mercom Capital Group Shell Overseas Investment, a wholly owned subsidiary of Shell, has completed its 100% acquisition of Solenergi Power and, with it, the Sprng Energy group of companies from Actis Solenergi Limited ...
Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022
Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported revenue of $2.58 million in the second quarter (Q2) of 2022, a 360% year-over-year (YoY) growth compared to $561,000 in Q1 ...
Daily News Wrap-Up: Rays Power Infra Commissions 150 MW Solar Project in Karnataka
Here are some noteworthy cleantech announcements of the day from around the world: Rays Power Infra announced the commissioning of a 150 MW grid-connected solar power plant in Raichur and ...
Funding and M&A Roundup: Nexeon Raises Over $200 Million for Battey Materials Production
From: Mercom Capital Group Nexeon, a battery materials developer and manufacturer, has completed the second close of its fundraising resulting in a total investment of $170 million. A further $50 million of commercial ...
Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer
From: Mercom Capital Group PNE AG, a German power-focused renewables company, has acquired 51% of the shares in Coliaenergia (KOLYA), a Spanish developer of large solar projects from Consultoria Industrial Beaguihe and Garisun ...
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project
From: Mercom Capital Group Spearmint Energy, a green merchant trading company developing, owning, operating, and trading around Battery Energy Storage, acquired the 150 MW Revolution battery energy storage project from Con Edison Development, ...
Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio
U.S.-based renewable energy developer and holding company Longroad Energy Holdings has announced an equity investment of $500 million by MEAG, an asset management arm for entities of Munich Re, for ...
Innovative Tenders by SECI Address Peak Power and RTC Supply Concerns
The Solar Energy Corporation of India (SECI) was created in 2011 to implement the National Solar Mission and ensure robust project development. SECI, through its various tenders, has played a ...
