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					</table><a href="https://cleanpeakenergy.com.au/" target="_blank" rel="noopener">CleanPeak Energy Holdings</a>, an Australia-based renewable energy project developer focused on solar, battery energy storage systems (BESS), and thermal energy solutions, has signed an agreement to fully acquire <a href="https://www.sei.com.au/" target="_blank" rel="noopener">Sustainable Energy Infrastructure</a> (SEI), a developer and owner of distributed solar and battery assets.
The financial terms of the acquisition were not disclosed. CleanPeak Energy is being advised by Gresham Partners as financial adviser and Maddocks as legal adviser.
SEI currently operates a portfolio of 71 MW of solar capacity across 16 sites and 42 MW of BESS across 11 sites located in New South Wales, Victoria, and South Australia. The company specializes in sub-5 MW distributed energy projects across Australia’s National Electricity Market.
The acquisition will help to strengthen CleanPeak’s position in the distributed energy segment and accelerate the growth of its in-front-of-the-meter solar portfolio. SEI’s geographically diversified assets across the National Electricity Market (NEM) are expected to enable faster growth of CleanPeak Energy’s retail business by offering a scalable and cost-efficient risk management solution.
Philip Graham, Chief Executive Officer of CleanPeak Energy, said. “SEI brings together a high‑quality portfolio of distributed solar and battery assets that align perfectly with CleanPeak’s vision to develop a smarter, cleaner, and more resilient renewable energy portfolio. By integrating SEI into our platform, we are not only expanding our national footprint but also strengthening our ability to provide low‑cost and reliable renewable energy to customers. This acquisition positions us to accelerate the growth of our retail business while continuing to lead in the development of distributed energy solutions. We’re excited to build on SEI’s strong foundations and unlock the next phase of growth together.”
In January this year, the company <a href="https://mercomcapital.com/cleanpeak-energy-acquires-five-solar-battery-storage-projects/" target="_blank" rel="noopener">acquired</a> five new solar projects located across New South Wales from Fortitude Renewables, a private equity investment firm. Each acquired project has a development approval and connection agreement for a 5 MW solar and BESS.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/annual-and-q4-2025-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, M&amp;A activity was 17% higher YoY in 2025, with 96 corporate M&amp;A transactions compared to 82 in 2024.

CleanPeak Energy to Acquire Sustainable Energy Infrastructure

<a href="https://cleanpeakenergy.com.au/" target="_blank" rel="noopener">CleanPeak Energy</a>, a renewable energy company developing solar, battery, and thermal energy projects, acquired five new solar projects located across New South Wales from Fortitude Renewables, a private equity investment firm.
Each acquired project has a development approval and connection agreement for a 5 MW solar and battery energy storage system. Together, these new solar and battery projects will contribute an additional 25 MW of solar and 100 MWh of storage capacity to CleanPeak&#8217;s existing portfolio.
Of the five projects, CleanPeak Energy has completed the acquisition of four projects at Ashley, Gunnedah, Dubbo, and Culcairn. An additional project at Warialda is likely to be completed upon completion of development approval.
The projects are expected to begin construction in 2026 and are expected to be operational by early 2027. Once commissioned, the projects are estimated to generate 90 GWh of clean energy annually.
Philip Graham, CEO of CleanPeak Energy, said, &#8220;The acquisition of the Fortitude portfolio allows us to accelerate the delivery of green energy to our portfolio of contracted customers. This transaction is another example of our company moving quickly to capitalize on high-quality assets that fit well within our portfolio.&#8221;
The completed projects will underwrite several new customer contracts, including the Harris project and NAB, which together constitute approximately 80 GWh of energy that CleanPeak has committed to deliver.
The acquisition will be funded via shareholder equity commitments and is the first acquisition since the company announced a partnership with KKR. CleanPeak Energy has <a href="https://cms.mercomindia.com/cleanpeak-energy-raises-328m-kkr-distributed-energy-platform/" target="_blank" rel="noopener">signed</a> a definitive agreement with KKR, a global investment firm, under which funds managed by KKR commit A$500 million (~$328 million) in funding. This funding is expected to support the growth and development of a pipeline of distributed solar, battery storage, and microgrid solutions for Australia&#8217;s commercial and industrial sector.
In 2025, approximately 37.4 GW of solar projects were acquired compared to 37.7 GW the previous year, according to Mercom&#8217;s recently released Annual and Q4 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-and-q4-2025-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>.

CleanPeak Energy Acquires Five Solar & Battery Storage Projects

CleanPeak Energy, an Australia-based renewables developer and operator, has <a href="https://cms.mercomindia.com/cleanpeak-energy-raises-328m-kkr-distributed-energy-platform/" target="_blank" rel="noopener">signed</a> a definitive agreement with KKR, a global investment firm, under which funds managed by KKR commit A$500 million (~$328 million) in funding. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals. This funding is expected to support the growth and development of a pipeline of distributed solar, battery storage, and microgrid solutions for Australia’s commercial and industrial sector.
NOVONIX, a battery materials and technology provider, <a href="https://cms.mercomindia.com/novonix-secures-up-to-95-million-through-convertible-notes-agreement/" target="_blank" rel="noopener">entered</a> into a definitive funding agreement with Yorkville Advisors Global to secure up to $95 million. In exchange, the company is expected to issue up to $100 million of its unsecured convertible debentures to Yorkville under the terms of a multi-tranche funding agreement. These convertible notes are expected to provide the company with additional capital to continue building its Riverside facility in Chattanooga, Tennessee.
Lyten, a lithium-sulfur battery developer, has <a href="https://cms.mercomindia.com/lyten-raises-over-200-million-in-equity-funding/" target="_blank" rel="noopener">secured</a> over $200 million in additional equity investment, bringing the total investment in Lyten to date to over $625 million. The company&#8217;s existing investors primarily provided additional funding. The funding will be used to support the company’s ongoing acquisition strategy and expansion plans in both the U.S. and Europe. Additionally, the company has acquired the rights to Northvolt&#8217;s energy storage products, Voltpack Mobile Systems, Voltrack, and future BESS products currently in development. 
Treaty Oak Clean Energy, an independent power producer, announced the <a href="https://cms.mercomindia.com/treaty-oak-clean-energy-secures-300-million-corporate-credit-facility/" target="_blank" rel="noopener">closing</a> of a $300 million senior secured corporate credit facility. Proceeds from funding will support the company&#8217;s strategic growth objectives, providing essential capital for interconnection and offtake letters of credit, equipment procurement, and general corporate expenses to advance its project pipeline. Treaty Oak is a Macquarie Asset Management portfolio company, operating on a stand-alone basis with a pipeline that includes 17.3 GW of utility-scale solar, wind, and BESS projects diversified across the major power markets within the U.S.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-giga-green-secures-35-million/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: CleanPeak Energy Raises $328 Million

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					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-cleanpeak-energy-raises-328-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
CleanPeak Energy, an Australia-based renewables developer and operator, has <a href="https://mercomcapital.com/cleanpeak-energy-raises-328m-kkr-distributed-energy-platform/" target="_blank" rel="noopener">signed</a> a definitive agreement with KKR, a global investment firm, under which funds managed by KKR commit A$500 million (~$328 million) in funding. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals. This funding is expected to support the growth and development of a pipeline of distributed solar, battery storage, and microgrid solutions for Australia’s commercial and industrial sector.
NOVONIX, a battery materials and technology provider, <a href="https://mercomcapital.com/novonix-secures-up-to-95-million-through-convertible-notes-agreement/" target="_blank" rel="noopener">entered</a> into a definitive funding agreement with Yorkville Advisors Global to secure up to $95 million. In exchange, the company is expected to issue up to $100 million of its unsecured convertible debentures to Yorkville under the terms of a multi-tranche funding agreement. These convertible notes are expected to provide the company with additional capital to continue building its Riverside facility in Chattanooga, Tennessee.
Lyten, a lithium-sulfur battery developer, has <a href="https://mercomcapital.com/lyten-raises-over-200-million-in-equity-funding/" target="_blank" rel="noopener">secured</a> over $200 million in additional equity investment, bringing the total investment in Lyten to date to over $625 million. The company&#8217;s existing investors primarily provided additional funding. The funding will be used to support the company’s ongoing acquisition strategy and expansion plans in both the U.S. and Europe. Additionally, the company has acquired the rights to Northvolt&#8217;s energy storage products, Voltpack Mobile Systems, Voltrack, and future BESS products currently in development. 
Treaty Oak Clean Energy, an independent power producer, <a href="https://mercomcapital.com/treaty-oak-clean-energy-secures-300-million-corporate-credit-facility/" target="_blank" rel="noopener">announced</a> the closing of a $300 million senior secured corporate credit facility. Proceeds from funding will support the company&#8217;s strategic growth objectives, providing essential capital for interconnection and offtake letters of credit, equipment procurement, and general corporate expenses to advance its project pipeline. Treaty Oak is a Macquarie Asset Management portfolio company, operating on a stand-alone basis with a pipeline that includes 17.3 GW of utility-scale solar, wind, and BESS projects diversified across the major power markets within the U.S.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-giga-green-secures-35-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://cleanpeakenergy.com.au/" target="_blank" rel="noopener">CleanPeak Energy</a>, an Australia-based renewables developer and operator, has signed a definitive agreement with KKR, a global investment firm, under which funds managed by KKR commit A$500 million (~$328 million) in funding. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals.
According to the company, this funding is expected to support the growth and development of a pipeline of distributed solar, battery storage, and microgrid solutions for Australia’s commercial and industrial sector.
“Australia&#8217;s C&amp;I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability, and affordability. By combining CleanPeak&#8217;s proven operating platform with KKR&#8217;s global network, operational expertise, and deep experience across our energy and infrastructure teams, we are well-positioned to unlock significant opportunities for corporate customers looking to decarbonize and reduce their energy bills,” said Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia.
The company reportedly has an operating portfolio of over 40 MW of rooftop solar, 100 MW of utility-scale solar projects, and 35 MWh of battery projects. Additionally, CleanPeak also has 100 MW of solar and 300 MWh of battery projects in its pipeline.
According to Mercom’s 1H 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-and-q2-2025-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, VC funding activity decreased 7% year-over-year, with $2.5 billion raised in 32 deals in 1H 2025 compared to $2.7 billion from 29 deals in the first half of 2024. In Q2 2025, global VC funding activity declined 50% YoY, with $1.1 billion raised across 18 deals compared to $2.2 billion in 16 deals in Q2 2024.
Recently, Melvan, a renewable energy producer and developer, <a href="https://cms.mercomindia.com/renewable-energy-producer-and-developer-melvan-raises-29-million/" target="_blank" rel="noopener">raised</a> €25 million (~$29.1 million) in funding from a consortium of investors. The company primarily focuses on solar energy, developing, financing, and operating renewable energy projects. Its portfolio is stated to total around 2 GW at various stages of development, including 750 MW in advanced phases.

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