Blog 3 columns - Mercom Capital Group

CCE Holding Secures $25 Million for Solar Project in Italy

BayWa r.e. Acquires 46 MW Solar Project in Romania

July 01
Staff
Solar

BayWa r.e., a renewable energy service provider, developer, and distributor, announced the acquisition of the 46 MW White Gate solar project in Constanța county in

Battery Manufacturer VFlowTech Raises $20.5 Million in Funding

Battery Materials Company Sila Raises $375 Million

July 01
Staff
Storage

Sila, a battery materials company, has secured $375 million in a Series G funding round led by Sutter Hill Ventures, an existing investor, and funds

Making Your Cleantech Startup Stand Out for Investors

The clean energy landscape is brimming with innovation. But with so much competition, how do you make your energy startup stand out and capture the

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

Q ENERGY Sells 33 MW Solar Project in England

June 28
Staff
Solar

Q ENERGY, a solar, energy storage, and wind project developer, announced the sale of a 33 MW Whinfield Solar Project near Darlington in Northeast England

EV Charging Provider Be.EV Secures $70 Million Debt Financing

June 28
Staff
Smart Grid

Be.EV, an EV charging provider, secured £55 million (~$70 million) in debt financing from NatWest and the German KfW IPEX-Bank. The funding was also supported

Ardian to Acquire Renewables Company Akuo

Brookfield Acquires Majority Stake in Independent Renewable Producer Neoen

June 27
Staff
Solar, Storage

Brookfield, an investment firm, has signed a share purchase agreement to acquire approximately 53.12% of the shares of Neoen, an independent renewable energy power producer,

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: Doral Renewables Secures $400 Million

June 26
Staff
Solar, Storage

Doral Renewables, a utility-scale renewable energy project developer, secured a $400 million minority equity investment from Dutch pension APG on behalf of Dutch pension fund

Project Finance Brief: DRI Acquires 126 MW Solar Project in Romania

DRI, an Amsterdam-based renewable energy company and a subsidiary of DTEK Group, announced the acquisition of a 126 MW solar project in Văcărești, Dâmbovița County,

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

Eos Energy Secures $316 Million in Strategic Investment from Cerberus

June 25
Staff
Storage

Eos Energy, a zinc-based long-duration energy storage solution provider, secured $315.5 million from Cerberus Capital Management LP (Cerberus). The company produces aqueous zinc batteries, which

Linea Energy Secures Financing for 109 MW Solar Project

Birch Creek Energy Secures Financing for 49 MW Earp Solar Project

June 25
Staff
Solar

Birch Creek Energy, a utility-scale solar and energy storage project developer, closed financing for its 49 MW Earp Solar project in Illinois. Tax equity was