Blog 3 columns - Mercom Capital Group

Apricus Generation Secures $30 Million Revolving Credit Facility

Arevon Energy Secures $299 Million Financing for Solar Projects in Indiana

September 06
Staff
Solar

Arevon Energy, a solar and energy storage project developer, announced the financial closure of $299 million debt financing commitments for the 192 MWdc Ratts 1

Blue Elephant Energy Acquires Majority Stake in Solar215

Original Clean Energy Acquires Solar Energy Installer iSun

September 06
Staff
Solar, Storage

Original Clean Energy, a solar energy and storage system developer (a subsidiary of Clean Royalties), has acquired Williston, Vermont-based iSun and its companies SunCommon and

Maximize Your Startup’s Impact at RE+ and Large Industry Conferences

Startups can greatly benefit from participating in industry events like RE+ 2024, North America’s largest clean energy event, as long as the opportunities are fully

Doral Renewables Secures Debt Financing for Mammoth Solar Project

September 05
Staff
Solar

Doral Renewables, a utility-scale renewable energy developer, announced closing a debt financing package to support the initial construction of the remaining phases of the Mammoth

Funding and M&A Roundup: SmartSolar Raises $1.8 Million in Seed Funding ORIT secures $125 million five-year term loan facility SmartSolar, a rooftop solar solution provider, has raised $1.85 million in seed funding. The funding was led by Picus Capital and 2degrees, along with participation from early-stage venture capital firm Iterative. With this funding, the company plans to accelerate its growth in Vietnam and expand its footprint across Southeast Asia. The company offers rooftop solar solutions designed to help businesses cut down on electricity costs. Octopus Renewables Infrastructure Trust, an investment company, announced that it has signed a £100 million (~$125 million) five-year term loan facility with three of its existing lenders, Santander, National Australia Bank, and Allied Irish Banks. The funding will be used to pay down a portion of the existing and more expensive Revolving Credit Facility (RCF) debt. According to ORIT, it has drawn £151.2 million (~$191 million) on the RCF so far. Vidyut, an electric vehicle ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired funds to expand its Battery-as-a-Service offering in passenger and commercial EV segments. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut claimed it had reduced upfront electric three-wheeler costs by 35-40%. For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here. Read last week's funding roundup. Tags: Vidyut, Octopus Renewables Infrastructure Trust, SmartSolar, solar, funding

Funding and M&A Roundup: Battery Startup WATTALPS Secures $12 Million

September 04
Staff
Solar, Storage

WATTALPS, a European lithium-based battery startup, has secured €11 million (~$12 million) in Series A funding. New investors led this funding round, including Supernova Invest, Move

Linea Energy Secures Financing for 109 MW Solar Project

Project Finance Brief: Lightsource bp Sells 49.9 MW Solar and Storage Project

September 04
Staff
Solar, Storage

Lightsource bp, a solar project developer, announced the sale of the 49.9 MWac Tiln Farm solar and co-located 25 MW/50 MWh (two-hour duration) energy storage

Enfinity Global Secures $210 Million Financing for 157 MW Solar Projects

September 03
Staff
Solar

Enfinity Global, a renewable energy project developer, announced that it has closed €189.6 million (~$209.77 million) financing for constructing eight utility-scale solar projects totaling 157.1

Solar Tracking Solution Provider Nextracker Acquires Bentek Corporation for $78 Million

Apricus Generation Raises Series A Funding to Support Growth

September 03
Staff
Solar, Storage

Apricus Generation, a distributed solar and battery development platform and independent power producer, announced closing an undisclosed Series A funding round led by Blue Marlin

SIG Secures Construction Bridge Facility for 29 MW Solar Project Portfolio

September 02
Staff
Solar

Sun Investment Group (SIG), a solar project developer and investment management company, secured a €16 million (~$17.87 million) construction bridge financing facility from an international

Project Finance Brief: TotalEnergies Sells 50% of 2 GW Solar-Storage Portfolio in Texas

Lightsource bp Sells 49.9 MW Solar and Storage Project to Schroders Greencoat

August 30
Staff
Solar, Storage

Lightsource bp, a solar project developer, announced the sale of the 49.9 MWac Tiln Farm solar and co-located 25 MW/50 MWh (two-hour duration) energy storage