Month in a Minute Top Headlines from Indian Renewable Sector in October 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in October 2022

Here is a recap of some of the most important headlines from October 2022: India’s installed renewable energy capacity, including large hydro projects, stood at 163.7 GW, accounting for a ...
/ / Other, Renewable Energy
Funding and M&A Roundup: Ascend Elements Secures $300 Million in Funding

Funding and M&A Roundup: Ascend Elements Secures $300 Million in Funding

From: Mercom Capital Group Ascend Elements, a provider of closed-loop battery materials solutions, raised $300 million in equity and debt financing. The funding round includes $200 million in Series C equity investments ...
/ / Finance and M&A, Other
EV Financing Platform Revfin Raises $10 Million to Expand Operations Across 25 States

EV Financing Platform Revfin Raises $10 Million to Expand Operations Across 25 States

Electric Vehicle (EV) financing platform for individuals Revfin has closed a Series A funding round of $10 million in a combination of equity and debt. The funding round was led by ...
US Announces $30 Million Funding for Wind Power Research

US Announces $30 Million Funding for Wind Power Research

The United States Department of Energy (DOE) has said it intends to use $30 million from the President's Bipartisan Infrastructure Law to reinforce wind energy's key role as a clean ...
/ / Renewable Energy, Wind
Corporate Funding for Solar Down 18% YoY with $18.7 Billion in 9M 2022

Corporate Funding for Solar Down 18% YoY with $18.7 Billion in 9M 2022

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector in the first nine months (9M) 2022 stood at $18.7 billion, 18% lower than ...
Waaree Raises ₹10 Billion to Expand Solar Module Manufacturing Capacity

Waaree Energies Raises ₹10 Billion to Expand Solar Module Manufacturing Capacity

Indian solar module manufacturer Waaree Energies has raised ₹10 billion (~$122.63 million) from various high-net-worth individuals and private offices. The proceeds will be used to expand Waaree’s manufacturing facility in ...
/ / Finance and M&A, Solar
US Announces $7 Billion Funding to Create Regional Clean Hydrogen Hubs

US Announces $7 Billion Funding to Create Regional Clean Hydrogen Hubs

The U.S. Department of Energy (DOE) has announced a $7 billion funding opportunity to create regional clean hydrogen hubs (H2Hubs) across America. The funding is part of a larger $8 ...
/ / Other, Renewable Energy
16 Countries Pledge $94 Billion for Renewable Demonstration Projects Globally

16 Countries Pledge $94 Billion for Renewable Demonstration Projects Globally

Sixteen countries committed $94 billion for clean energy demonstration projects globally at the first-ever Global Clean Energy Action Forum in Pittsburgh. The commitments are in response to U.S. President Joe ...
/ / Other, Renewable Energy
Wind Turbine Manufacturer Suzlon to Raise ₹12 Billion Through Rights Issue

Wind Turbine Manufacturer Suzlon to Raise ₹12 Billion Through Rights Issue

India-based wind turbine manufacturer Suzlon Energy hopes to raise ₹12 billion (~$147.09 million) through a right issue of 2.4 billion company shares. The shares with a face value of ₹2 ...
/ / Finance and M&A, Other, Wind
Solar EVA Manufacturer Navitas Alpha Raises ₹70 Million in a Seed Round

Solar EVA Manufacturer Navitas Alpha Raises ₹70 Million in a Seed Round

Solar Ethyl Vinyl Acetate (EVA) manufacturer Navitas Alpha Renewables (NARPL) has raised ₹70 million(~$866,041) in a seed round led by investment advisory firm Niveshaay with participation from Madhusudan Sarda, IVY Growth ...
/ / Finance and M&A, Solar
EV Startup Esmito Raises $100 Million to Expand Battery Swapping Solutions

EV Startup Esmito Raises ₹100 Million to Expand Battery Swapping Solutions

Esmito, an IIT Madras incubated electric vehicle (EV) startup, has raised ₹100 million (~$1.25 million) in a seed round led by Mumbai-based early-stage investor Unicorn India Ventures. The funds raised ...
Terra-Gen Secures $959 Million for a 410 MW Solar and 1.8 GWh Battery Storage Project

Terra-Gen Secures $959 Million for a 410 MW Solar and 1.8 GWh Battery Storage Project

Leading independent renewable energy provider Terra-Gen has completed project financing of $959 million for the second phase of its Edwards Sanborn Solar Storage facility in Kern County, California. The second ...
Project Finance Brief: Terra-Gen Raises $959 Million for Solar Storage Projects

EV Charging Infrastructure Company TeraWatt Raises $1 Billion

California-based electric vehicle charging infrastructure company TeraWatt has secured over $1 billion of institutional capital to support the buildout of its fleet-focused charging centers and operations. Funds managed by Vision ...
Solar Monitoring and Analytics Company Prescinto Raises $6.5 Million in Financing

Solar Monitoring and Analytics Company Prescinto Raises $6.5 Million in Financing

Indian solar monitoring and analytics platform Prescinto Technologies has raised $6.5 million in financing and forayed into the U.S. market. The company is partnering with a major international energy storage ...
Yulu Raises $82 Million Equity Funding to Ramp Up Mobility, Battery Swapping Businesses

Yulu Raises $82 Million Equity Funding to Ramp Up Mobility, Battery Swapping Businesses

Yulu, a Bengaluru-based shared electric mobility-as-a-service (MaaS) and battery-as-a-service (BaaS) provider, has secured equity funding of ₹6.5 billion ($82 million) in a Series-B funding round led by U.S.-based mobility technology ...
/ / Electric Vehicles, Grid
Funding and M&A Roundup: Battery Recycling Company Ascend Elements Raises $50 Million

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 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: KP Energy to Build Wind Projects for Aditya Birla

Daily News Wrap-Up: KP Energy to Build Wind Projects for Aditya Birla

Here are some noteworthy cleantech announcements of the day from around the world: KP Energy has received an order worth ₹2.22 billion (~$27.89 million) from Aditya Birla Group to develop ...
/ / Other, Renewable Energy
US Seeks Public Weigh-in for Lithium-ion Battery Recycling Program

US Seeks Public Weigh-in for Lithium-ion Battery Recycling Program

The U.S. Department of Energy (DOE) has issued a Request for Information (RFI) to help guide the implementation of $335 million in investments from President Biden’s Bipartisan Infrastructure Law for ...
Funding and M&A Roundup: Pivot Energy Acquires Community Solar Project Developer

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 ...
/ / Finance and M&A, Solar
EV Charging Solutions Provider goEgoNetwork Raises ₹600 Million in Series A Funding

EV Charging Solutions Provider goEgoNetwork Raises ₹600 Million in Series A Funding

Pune-based provider of electric vehicle (EV) charging solutions goEgoNetwork raised approximately ₹600 million (~$7.53 million) in Series A equity funding to develop and install the Fast DC Charging Station product ...
/ / Electric Vehicles, Grid
EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round

EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round

Electric vehicle (EV) charging startup Exponent Energy secured $13 million in its Series A funding round. The funding round led by Lightspeed Venture Partners saw participation from existing investors like ...
Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer

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 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up Iberdrola and bp to Invest €1 Billion to Accelerate EV Charging

Daily News Wrap-Up: Iberdrola and bp to Invest €1 Billion to Accelerate EV Charging

Here are some noteworthy cleantech announcements of the day from around the world: Iberdrola and bp will jointly invest up to €1 billion (~$1.02 billion) to deploy 11,000 fast charge ...
/ / Other, Renewable Energy
Investments are Imperative to Achieve India's Ambitions Solar Target

Investments are Imperative to Achieve India’s Ambitious Solar Target

Foreign investors have been teaming up with local independent power producers to tap into India's booming solar market.  Riding on the heels of a growing economy and strong support from ...
/ / Finance and M&A, Solar
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