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Commercial Energy South Africa (CESA), a subsidiary of SolarAfrica Energy, a South African energy solutions provider, <a href="https://cms.mercomindia.com/solarafrica-energy-secures-39-million/" target="_blank" rel="noopener">closed</a> an investment of R635 million (~$39 million) from Vantage Capital, Africa’s mezzanine debt fund manager, alongside co-investor Greenpoint Capital. The investment includes a mezzanine facility, which was used to exit Inspired Evolution from CESA, making SolarAfrica the 100% owner of CESA. CESA acts as a holding company for commercial and industrial rooftop solar and battery storage projects developed by SolarAfrica.
Sinergy Flow, a startup that develops solutions for long-duration energy storage, <a href="https://cms.mercomindia.com/flow-battery-startup-sinergy-flow-closes-8-million-in-seed-funding/" target="_blank" rel="noopener">closed</a> a €7 million (~$8 million) late seed funding round. The funding is expected to accelerate technology development, complete commercial-scale validation, and prepare for market entry in utility-scale energy storage and standalone applications. CDP Venture Capital SGR led the funding round.
Family-owned U.S.-based manufacturing enterprise MacLean-Fogg announced its <a href="https://cms.mercomindia.com/maclean-fogg-acquires-omco-solar/" target="_blank" rel="noopener">acquisition</a> of OMCO, the parent company of U.S. solar tracker and fixed-tilt racking manufacturer OMCO Solar. This acquisition aims to strengthen MacLean-Fogg’s position in renewable energy infrastructure, engineered industrial solutions, and precision manufacturing. OMCO Solar will continue to operate as a distinct platform within MacLean-Fogg.
Lyten, a lithium-sulfur battery developer, <a href="https://cms.mercomindia.com/lyten-acquires-battery-manufacturing-assets-from-northvolt-sweden/" target="_blank" rel="noopener">completed</a> the acquisition of energy storage solutions provider Northvolt’s battery business assets in Sweden. The acquisition totaled nearly $5 billion and included the purchase of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden). The transaction includes 16 GWh of existing battery manufacturing capacity, more than 160 hectares of land, infrastructure, and buildings to support expanded manufacturing and industrial operations, and a battery research and development center.
Clean energy solutions provider Clean Max Enviro Energy Solutions’ ₹31 billion (~$340.92 million) initial public offering (IPO) was <a href="https://www.mercomindia.com/renewable-energy-solutions-provider-cleanmaxs-ipo-subscribed-94" target="_blank" rel="noopener">subscribed</a> 0.94 times at the end of the bidding window on February 25, 2026. The price band was set at ₹1,000 (~$11) to ₹1,053 (~$12) per equity share with a face value of ₹1 (~$0.011). The IPO saw bids for 20.57 million shares out of the 21.8 million shares on offer. The offer was made through the book-building process.
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-solv-energy-raises-589-million-through-ipo/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: SolarAfrica Energy Secures $39 Million

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					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-solarafrica-energy-secures-39-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Commercial Energy South Africa (CESA), a subsidiary of SolarAfrica Energy, a South African energy solutions provider, <a href="https://mercomcapital.com/solarafrica-energy-secures-39-million/" target="_blank" rel="noopener">closed</a> an investment of R635 million (~$39 million) from Vantage Capital, Africa’s mezzanine debt fund manager, alongside co-investor Greenpoint Capital. The investment includes a mezzanine facility, which was used to exit Inspired Evolution from CESA, making SolarAfrica the 100% owner of CESA. CESA acts as a holding company for commercial and industrial rooftop solar and battery storage projects developed by SolarAfrica.
Sinergy Flow, a startup that develops solutions for long-duration energy storage, <a href="https://mercomcapital.com/flow-battery-startup-sinergy-flow-closes-8-million-in-seed-funding/" target="_blank" rel="noopener">closed</a> a €7 million (~$8 million) late seed funding round. The funding is expected to accelerate technology development, complete commercial-scale validation, and prepare for market entry in utility-scale energy storage and standalone applications. CDP Venture Capital SGR led the funding round.
Family-owned U.S.-based manufacturing enterprise MacLean-Fogg announced its <a href="https://mercomcapital.com/maclean-fogg-acquires-omco-solar/" target="_blank" rel="noopener">acquisition</a> of OMCO, the parent company of U.S. solar tracker and fixed-tilt racking manufacturer OMCO Solar. This acquisition aims to strengthen MacLean-Fogg’s position in renewable energy infrastructure, engineered industrial solutions, and precision manufacturing. OMCO Solar will continue to operate as a distinct platform within MacLean-Fogg.
Lyten, a lithium-sulfur battery developer, <a href="https://mercomcapital.com/lyten-acquires-battery-manufacturing-assets-from-northvolt-sweden/" target="_blank" rel="noopener">completed</a> the acquisition of energy storage solutions provider Northvolt’s battery business assets in Sweden. The acquisition totaled nearly $5 billion and included the purchase of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden). The transaction includes 16 GWh of existing battery manufacturing capacity, more than 160 hectares of land, infrastructure, and buildings to support expanded manufacturing and industrial operations, and a battery research and development center.
Clean energy solutions provider Clean Max Enviro Energy Solutions’ ₹31 billion (~$340.92 million) initial public offering (IPO) was <a href="https://www.mercomindia.com/renewable-energy-solutions-provider-cleanmaxs-ipo-subscribed-94" target="_blank" rel="noopener">subscribed</a> 0.94 times at the end of the bidding window on February 25, 2026. The price band was set at ₹1,000 (~$11) to ₹1,053 (~$12) per equity share with a face value of ₹1 (~$0.011). The IPO saw bids for 20.57 million shares out of the 21.8 million shares on offer. The offer was made through the book-building process.
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’s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-first-solar-secures-1-5-billion" target="_blank" rel="noopener">roundup</a>.

Family-owned U.S.-based manufacturing enterprise <a href="https://macleanfogg.com/" target="_blank" rel="noopener">MacLean-Fogg</a> has announced its acquisition of OMCO, the parent company of U.S. solar tracker and fixed-tilt racking manufacturer <a href="https://omcosolar.com/" target="_blank" rel="noopener">OMCO Solar</a>.
This acquisition strengthens MacLean-Fogg’s position in renewable energy infrastructure, engineered industrial solutions, and precision manufacturing.
OMCO Solar will continue to operate as a distinct platform within MacLean-Fogg, retaining its current leadership structure while gaining access to shared resources in Human Resources, Finance, IT, and Environmental Health &amp; Safety.
The company entered the utility-scale solar photovoltaic market in 2007, providing contract manufacturing and proprietary solar racking and tracker systems. With this acquisition, MacLean-Fogg plans to expand its ability to deliver engineered steel solutions using OMCO Solar’s advanced roll forming capabilities and proprietary solar mounting systems.
“This newly formed synergy is complementary to our already well-established brand name. With so many commonalities, such as strength in culture, customer-focused service approach, and decades of manufacturing experience, to just name a few, continued success is inevitable. Today, we are not just celebrating an acquisition — we are celebrating the union of vision, talent, and momentum. When bold ideas meet strategic opportunity, growth stops being a goal and becomes our new reality,” said Kevin Hopp, OMCO Solar President.
Headquartered in Ohio, the company operates manufacturing facilities across the country, including Ohio, Indiana, Alabama, and Arizona. To date, the company has produced more than 12 GW of factory-direct solar mounting structures for solar projects within the U.S.
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.
In June 2025, ARRAY Technologies, a company that provides solar tracking technology products, software, and services for utility-scale solar energy projects, <a href="https://mercomcapital.com/array-technologies-to-acquire-apa-solar/" target="_blank" rel="noopener">entered</a> into a definitive agreement to acquire APA Solar, a provider of engineered foundation solutions and fixed-tilt mounting systems for solar projects.

MacLean-Fogg Acquires OMCO Solar

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