Blog 3 columns - Mercom Capital Group

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

rPlus Energies Secures Over $1B Debt Financing for Solar and Storage Project

July 18
Staff
Solar, Storage

rPlus Energies (rPlus), a solar and energy storage project developer, secured over $1 billion in construction debt financing for its Green River Energy Center, which

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

Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing

July 18
Staff
Solar

Leeward Renewable Energy (LRE), a developer of solar, wind, and energy storage projects, announced the closing of a $1.25 billion construction warehouse facility. The warehouse

Field Acquires 200 MW/800 MWh Battery Storage Project in the UK

Energy Storage Companies Raise $15.4 Billion in Corporate Funding in 1H 2024

Energy Storage Corporate funding for energy storage companies in the first half of 2024 reached $15.4 billion across 64 deals, marking a 117% increase year-over-year

Funding and M&A Roundup: Naked Energy Raises $22 Million

July 17
Staff
Solar, Storage

Naked Energy, a provider of solar thermal and solar PVT solutions, secured £17 million (~$22.06 million) in a Series B funding round led by E.ON

Project Finance Brief: Emeren Group Sells 42 MW Solar Project Portfolio in Spain

July 17
Staff
Solar, Storage

Emeren Group, a solar project developer, announced the sale of a 42 MW ready-to-build solar project portfolio in Spain to CVE España, part of CVE,

Getting the Most Out of Your Conference Investment

Global energy transition conferences, such as the upcoming COP29, continue to be pivotal in driving the clean technology policy agenda. Mercom plays a central role in

Blue Elephant Energy Acquires Majority Stake in Solar215

Galileo Acquires Solar Developer Pagra

July 16
Staff
Solar

Galileo, a European renewable energy development and investment company, has announced the acquisition of an additional 65% stake in Pagra, a company that develops and

Battery Manufacturer VFlowTech Raises $20.5 Million in Funding

Naked Energy Raises $22 Million in Series B Funding

July 16
Staff
Solar

Naked Energy, a provider of solar thermal and solar PVT solutions, secured £17 million (~$22.06 million) in a Series B funding round led by E.ON

Primergy Secures $350 Million for 408 MW Solar Project

Akaysha Energy Secures $441 Million in Debt Financing for Energy Storage Project

July 16
Staff
Storage

Akaysha Energy, an energy storage project developer, secured A$650 million (~$440.92 million) in debt financing from a group of eleven domestic and foreign banks. ANZ,

CCE Holding Secures $25 Million for Solar Project in Italy

Levanta Renewables Acquires 139.4 MW Solar Portfolio in Thailand

July 15
Staff
Solar

Actis’ SE Asia Renewables Platform Levanta Renewables, a renewable energy project developer and independent power producer, announced the acquisition of a 90% controlling shareholding in