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 ...
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 ...
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 ...
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 ...
Inexpensive Aluminium-Sulfur Batteries Could Outperform Lithium-ion: MIT Research
A team of researchers at MIT and elsewhere have developed a new type of battery made from abundant and cheaper materials such as aluminum and sulfur. Lithium-ion batteries that are ...
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 ...
Canadian Solar’s Revenue Up 62% YoY, Driven by Higher Module and Battery Storage Shipments
Solar photovoltaic module manufacturer Canadian Solar posted revenue of $2.31 billion for the second quarter (Q2) of the calendar year 2022, up by 61.54% year-over-year (YoY) from $1.43 billion in ...
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 ...
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, ...
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 ...
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 ...
Daily News Wrap-Up: Andhra Pradesh Issues Levelized Tariff for Rooftop Solar
Here are some noteworthy cleantech announcements of the day from around the world: The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) issued the levelized tariff for the ...
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 ...
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 ...
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
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 ...
