Blog 3 columns - Mercom Capital Group

Primergy Secures $350 Million for 408 MW Solar Project

Lithium-ion Battery Startup WATTALPS Secures $12 Million

August 30
Staff
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

Energy Storage Industries Raises $40 Million in Funding for Iron Flow Batteries

Sunly Secures $335 Million for Hybrid Renewable Projects in Baltics and Poland

August 29
Staff
Solar, Storage

Sunly, a renewable energy power producer, secured €300 million ($335.15 million) financing from Scandinavian and French investors for developing 1.3 GW of solar, wind, storage,

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

Enfinity Global Secures $558 Million Financing for Solar Projects in Italy

August 29
Staff
Solar

Enfinity Global, a U.S.-based renewable energy project developer, announced the financial close of €500 million (~$558.73 million), which will support the development and construction of

Clearway Secures $550 Million Financing for Solar and Storage Project

August 29
Staff
Solar, Storage

Clearway Energy Group, a developer and operator of clean energy projects, closed $550 million in financing for developing its Rosamond South I solar and storage

Project Finance Brief: Swift Current Energy Secures Financing for 800 MW Solar Project

August 28
Staff
Solar

Swift Current Energy, a utility-scale solar, wind, and energy storage project developer, secured tax equity investment from Google to develop an 800 MWdc (593 MWac)

Funding and M&A Roundup: Exowatt Closes $70 Million Series A Funding

Funding and M&A Roundup: Sibanye Stillwater Secures $559 Million Green Financing

Sibanye-Stillwater, a mining company, secured €500 (~$559) million in green financing for its Keliber lithium project in Finland through its subsidiary Keliber Technology Oy. The

Ellomay Capital Secures $114 Million Financing for 198 MW Solar Project Portfolio

Levanta Renewables Acquires 9.5 MW Commercial & Industrial Solar Portfolio

August 27
Staff
Solar

Levanta Renewables, a renewable energy project developer and independent power producer in Southeast Asia backed by Actis, an investor in sustainable infrastructure, announced the acquisition

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

Thermal Energy Storage Startup Calectra Raises $1.6M Pre-seed Funding

August 27
Sohini Aich
Storage

Calectra, a thermal energy-based energy storage system provider, raised $1.6 million in a pre-seed funding round led by Lifeline Ventures with participation from Aera VC, Security

Linea Energy Secures Financing for 109 MW Solar Project

Generate & KeyState Close 53.5 MW Community Solar Projects’ Investment Fund

August 27
Staff
Solar

Generate Capital, a sustainable investment and operating company, and KeyState Renewables, an investment firm, announced the close of their third joint fund, Generate NY Community

Mining Company Sibanye Stillwater Secures $559 Million Green Financing

August 27
Staff
Storage

Sibanye-Stillwater, a mining company, secured €500 (~$559) million in green financing for its Keliber lithium project in Finland through its subsidiary Keliber Technology Oy. The