Month in a Minute: Top Headlines from Indian Renewable Sector in January 2023
Here is a recap of important headlines from January 2023: India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 ...
Funding and M&A Roundup: Energy Storage Firm Aypa Power Secures $320 Million Debt Funding
From: Mercom Capital Group Aypa Power, a developer, owner, and operator of energy storage and hybrid generation assets has secured a corporate credit facility worth $320 million. The credit facility ...
Project Finance Brief: Sonnedix Acquires 136 MW Solar Project Portfolio in Spain
From: Mercom Capital Group Sonnedix, an independent power producer, has acquired a 136 MW solar project in Spain from Qualitas Energy, an investment firm focused on renewable energy, energy transition, and sustainability investments ...
Rajasthan Invites Bids for 1.5 GW of Wind-Solar Hybrid Projects with Storage
Rajasthan Urja Vikas Nigam (RUVNL) has invited bids to set up 1,500 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects anywhere in India with required storage for distribution ...
US-based Corporations Procured 20 GW of Clean Energy in 2022
Even as power purchase agreement (PPA) prices increased, corporations in the United States procured nearly 20 GW of clean energy in 2022. Cumulatively, 326 companies contracted 77.4 GW of clean ...
Hecate Energy Secures $550 Million to Support Renewables Expansion
U.S.-based Hecate Energy, a developer of renewable projects and provider of energy storage solutions, closed a five-year $550 million credit facility package, including a $250 million term loan and $300 ...
Funding and M&A Roundup: SunRoof Raises $30.8 Million to Fund Expansion Plans
From: Mercom Capital Group SunRoof, a Sweden-based rooftop solar systems provider, announced a €13.5 million (~$14.6 million) extension with a new investment taking its total growth funding round to €28.5 ...
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas
From: Mercom Capital Group Sol Systems, a solar finance and development company, acquired a 190 MW solar development project in Uvalde County, Texas, from ABEI Energy, an independent power producer. The acquisition was ...
Study Says EV Batteries Can Meet Short-Term Grid Storage Demand by 2030
Electric car batteries could boost storage by injecting electricity into the grid during times of scarcity or store during periods of excess and meet short-term storage demand as early as ...
Funding and M&A Roundup: Solar and Battery Leasing Firm Enpal Raises $233 Million
From: Mercom Capital Group Enpal, a German-based solar and battery leasing solutions company, secured €215 million (~$233 million) in series D funding led by TPG Rise Climate to support the ...
Project Finance Brief: Nautilus Acquires 54 MW Solar Projects in New York
From: Mercom Capital Group Nautilus, a New Jersey-based independent solar power producer, on behalf of its affiliate Nautilus U.S. Power Holdco, announced the acquisition of 54 MW of solar projects ...
Daily News Wrap-Up: Amp Energy Signs PPA for 200 MW Hybrid Project with SECI
Here are some noteworthy cleantech developments from around the world Amp Energy India has signed a power purchase agreement (PPA) for a 200 MW wind-solar hybrid project with Solar Energy ...
Daily News Wrap-Up: L&T Partners with H2Carrier for Green Hydrogen Projects
Here are some noteworthy cleantech developments from around the world Mumbai-based hi-tech engineering company Larsen & Toubro (L&T) announced the signing of a memorandum of understanding (MoU) with the Norway-based ...
Funding and M&A Roundup: Energy Storage Firm Caban Systems Raises $51 Million
From: Mercom Capital Group Caban Systems, a California-based provider of energy storage solutions, raised $51 million in Series B Funding to help scale domestic battery manufacturing capacity and expand its ...
Greenko to Build a ₹100 Billion Pumped Hydro Storage Project in Madhya Pradesh
The Greenko Group has said it will invest ₹100 billion (~$1.2 billion) in setting up a pumped storage project in the Neemuch district of Madhya Pradesh. The daily storage capacity ...
Funding and M&A Roundup: Rabobank Invests in Battery Energy Storage Project Developer
From: Mercom Capital Group Rabo Investments has infused an undisclosed amount in GIGA Storage, a large-scale battery energy storage project developer. The investment will enable GIGA Storage to expand its network of large-scale ...
Project Finance Brief: MYTILINEOS Raises $159 Million for Solar Projects
From: Mercom Capital Group MYTILINEOS, a global industrial and energy company, reached financial close with lenders ANZ and Westpac on the non-recourse portfolio financing structured as a combination of term ...
Funding and M&A Roundup: EQT Acquires Renewable Developer Madison Energy
From: Mercom Capital Group EQT Infrastructure, an investment firm, announced that its EQT Infrastructure VI fund acquired Madison Energy Investments (MEI), a solar and energy storage project developer, from affiliates of Stonepeak ...
Project Finance Brief: Primergy Closes $75 Million Credit Facility from Rabobank
From: Mercom Capital Group Primergy Solar, a U.S.-based utility-scale and distributed solar and storage company, has closed a $75 million revolving credit facility from Rabobank to develop a pipeline of solar and ...
World Bank to Provide $311 Million for Solar & Storage Projects in West Africa
The World Bank Group has approved $311 million in International Development Association (IDA) financing from its new Regional Emergency Solar Power Intervention Project (RESPITE) to install and operate solar, battery ...
Funding and M&A Roundup: Arcadia Raises $125 Million for Electric Grid Decarbonization
From: Mercom Capital Group Arcadia, a climate software and data startup focused on decarbonizing the electric grid, raised $125 million in new funding to support the development of the company’s Arc platform, ...
Project Finance Brief: SunVest Secures Financing for 56 MW of Solar Projects
From: Mercom Capital Group SunVest Solar, a solar project developer, announced closing a $113 million debt facility and $41 million tax equity for 56 MW of solar projects in Illinois, Maine, Minnesota, ...
Daily News Wrap-Up: Sungrow Signs 638 MWh Energy Storage Contract With Engie
Here are some noteworthy cleantech announcements of the day from India and around the world Sungrow has signed a contract with ENGIE to supply a 638 MWh liquid-cooled energy storage ...
Funding and M&A Roundup: NRG Energy Buys Smart Grid Company Vivint for $2.8 Billion
From: Mercom Capital Group NRG Energy has entered into a definitive agreement to acquire Vivint Smart Home in an all-cash transaction at $12 per share totaling $2.8 billion. The acquisition is expected to help ...
Project Finance Brief: Lightsource bp Closes Financing for 515 MW Solar Farms in Australia
From: Mercom Capital Group Lightsource bp, a solar project developer, closed a A$540 million (~$365 million) portfolio green financing package to help execute its 425 MW Wellington North and 90 MW Wunghnu ...
