Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

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, ...
/ / Finance and M&A, Solar
Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio

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 ...
/ / Finance and M&A, Other
Innovative Tenders by SECI Address Peak Power and RTC Supply Concerns (1)

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 ...
/ / Markets & Policy, Solar
Exide to Procure 80 Acres of Land in Bengaluru to Set Up Lithium-Ion Gigafactory

Exide to Procure 80 Acres of Land in Bengaluru to Set Up Lithium-Ion Gigafactory

Exide Energy Solutions, a wholly owned subsidiary of Exide Industries, has signed a lease-cum-sale agreement with Karnataka Industrial Area Development Board (KIADB) to procure an 80-acre land parcel at Hitech ...
Funding and M&A Roundup: FlexGen Power Closes $100 Million Series C Funding

Funding and M&A Roundup: FlexGen Power Closes $100 Million Series C Funding

From: Mercom Capital Group FlexGen Power Systems, a provider of integration services and software technology for energy storage solutions, announced the close of a $100 million Series C investment round. The funding ...
/ / Finance and M&A, Solar
Project Finance Brief: Opdenergy Secures Financing for 605 MW of Solar Projects in Spain

Project Finance Brief: Opdenergy Secures Financing for 605 MW of Solar Projects in Spain

From: Mercom Capital Group Opdenergy, an independent renewable energy producer, has signed a green financing agreement of €350 million (~$356.4 million) with BBVA and the European Investment Bank (EIB) for the construction and ...
/ / Finance and M&A, Solar
Daily News Wrap-Up COP26 and NITI Aayog Launch E-Mobility App

Daily News Wrap-Up: COP26 President and NITI Aayog Launch E-Mobility App

Here are some noteworthy cleantech announcements of the day from around the world: COP 26 President Alok Sharma and NITI Aayog launched initiatives to boost electric mobility and promote India's ...
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

Finland-Based Stora Enso and Northvolt to Produce Batteries Using Renewable Wood

Taking a step further to maintain sustainability in battery production, Finland-based forest products manufacturer Stora Enso and lithium-ion battery producer Northvolt inked an agreement to develop what is claimed to ...
Daily News Wrap-Up: Ministry Proposes Alerting System for EVs to Caution Those Nearby

Daily News Wrap-Up: Ministry Proposes Alerting System for EVs to Caution Those Nearby

Here are some noteworthy cleantech announcements of the day from around the world: Electric vehicles in India should have an Acoustic Vehicle Alerting System loud enough to alert pedestrians and ...
/ / Other, Renewable Energy
Project Finance Brief: Capital Energy Secures €165 Million for Solar and Wind Projects

Project Finance Brief: Capital Energy Secures €165 Million for Solar and Wind Projects

From: Mercom Capital Group Capital Energy, a Spanish energy company, raised financing of €165 million (~$167 million) for 206 MW solar and wind projects from MEAG, an asset manager of Munich Re ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Community Solar Firm Summit Ridge Energy Raises $175 Million

Funding and M&A Roundup: Community Solar Firm Summit Ridge Energy Raises $175 Million

From: Mercom Capital Group Summit Ridge Energy, an owner and operator of community solar assets secured a $175 million strategic investment from Apollo Funds, a global investment management firm. Vinson&Elkins acted as legal ...
/ / Finance and M&A, Solar
Ola to Set up $500 Million Battery Innovation Center in Bangalore

Ola to Set up $500 Million Battery Innovation Center in Bengaluru

Bengaluru-based electric vehicle (EV) manufacturer Ola Electric announced that it will invest $500 million in setting up a state-of-the-art Battery Innovation Center (BIC) in Bengaluru. According to the company, the ...
Daily News Wrap-Up: JSW Neo Energy Receives LoA for 300 MW Wind Project from SECI

Daily News Wrap-Up: JSW Neo Energy Receives LoA for 300 MW Wind Project from SECI

Here are some noteworthy cleantech announcements of the day from around the world: JSW Neo Energy, a wholly-owned subsidiary of JSW Energy received a letter of award from Solar Energy Corporation ...
Global Demand for EV Batteries to Rise to 3,500 GWh by 2030 IEA

Global Demand for EV Batteries to Rise to 3,500 GWh by 2030: IEA

Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030. The findings were published in the International Energy Agency’s (IEA) report, ...
Researchers Develop Metal-Free Electrolyte to Make Large-Capacity Batteries

Researchers Develop Metal-Free Electrolyte to Make Large-Capacity Batteries

Two researchers from the University of Arizona have developed a metal-free electrolyte that they plan to use to make non-toxic batteries that can store large amounts of electricity. The team ...
Project Finance Brief Renewco Power Acquires 1.5 GW of Solar Projects in the US

Project Finance Brief: Renewco Power Acquires 1.5 GW of Solar Projects in the US

From: Mercom Capital Group Renewco Power, a developer of utility-scale solar, wind, and battery projects, announced its expansion into the U.S. by acquiring a 1.5 GW pipeline of early-stage utility-scale ...
/ / Finance and M&A, Other
Funding and M&A Roundup: Lithium-ion Battery Company Northvolt Raises $1.1 Billion

Funding and M&A Roundup: Lithium-ion Battery Company Northvolt Raises $1.1 Billion

From: Mercom Capital Group Sweden-based lithium-ion battery manufacturer Northvolt signed a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand ...
/ / Finance and M&A, Solar
Northvolt Raises $1.1 Billion to Fund Expansion of Battery and Cathode Production

Northvolt Raises $1.1 Billion to Fund Expansion of Battery and Cathode Production

Northvolt, a Sweden-based manufacturer of lithium-ion batteries, has signed a $1.1 billion convertible note to finance the expansion of its battery and cathode material production in Europe. In the past ...
Funding and M&A Roundup: Solar Developer Intersect Power Secures $750 Million in Funding

Funding and M&A Roundup: Solar Developer Intersect Power Secures $750 Million in Funding

From: Mercom Capital Group United States-based large-scale renewable energy project developer Intersect Power secured a $750 million growth equity investment led by TPG Rise Climate, with additional participation from existing investors, Climate Adaptive Infrastructure (CAI), and Trilantic Energy ...
/ / Finance and M&A, Solar
Project Finance Brief Nordic Solar Acquires 220 MW of Solar Projects in Sweden

Project Finance Brief: Nordic Solar Acquires 220 MW of Solar Projects in Sweden

From: Mercom Capital Group Helios Nordic Energy, a developer of large-scale PV solar projects, has entered into an agreement with a Danish solar energy company Nordic Solar, to acquire four ...
/ / Other, Renewable Energy
Tech Startup Turno Raises $3.1 Million to Enhance EV Battery Life Cycle

Tech Startup Turno Raises $3.1 Million to Enhance EV Battery Life Cycle

Turno, a startup providing technology-based solutions for commercial electric vehicle (EV) buyers, has raised $3.1 million in an equity funding round led by Stellaris Venture Partners and Avaana Capital. The ...
Project Finance Brief: Matrix Secures $92 Million Funding for Gaskell Solar Projects

Project Finance Brief: Matrix Secures $92 Million Funding for Gaskell Solar Projects

From: Mercom Capital Group Matrix Renewables, the TPG Rise-backed global renewable energy platform, has signed a $92 million tax equity funding for the Gaskell West 2 and Gaskell West 3 projects in ...
/ / Finance and M&A, Solar
Daily News Wrap-Up NTPC Commissions Last Part of 92 MW Floating Solar Project

Daily News Wrap-Up: NTPC Commissions Last Part of 92 MW Floating Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: NTPC announced the commissioning of the last part capacity of 35 MW out of 92 MW Kayamkulam ...
Battery Recycling Startup BatX Energies Raises $1.6 Million In Seed Funding Round

Battery Recycling Startup BatX Energies Raises $1.6 Million In Seed Funding Round

India-based lithium-ion battery recycling startup BatX Energies raised $1.6 million in a seed funding round led by JITO Angel Network. The round saw participation from existing investors such as Rohit ...
Project Finance Brief: Recurrent Energy Acquires Two 200 MWh Energy Storage Projects

Project Finance Brief: Recurrent Energy Acquires Two 200 MWh Energy Storage Projects

From: Mercom Capital Group Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, acquired two standalone energy storage projects from Black Mountain Energy Storage. The projects are in the South Load Zone ...
/ / Finance and M&A, Solar