Blog 3 columns - Mercom Capital Group

BNZ Acquires 127.7 MW Solar Projects in Italy

Ferrovial Acquires 257 MW Solar Project in Texas

May 31
Staff
Solar

Ferrovial, a sustainable infrastructure builder and operator, announced the acquisition of a 257 MW solar project in Leon County, Texas, U.S. The acquisition agreement includes

AI Has a Role to Play in PR but Can’t Replace the Human Touch

In the past decade, no technology has advanced as much as Artificial Intelligence (AI), earning the title of the ‘most notable word of the year

Base Power Raises $200 Million in Series B Funding

Funding and M&A Roundup: Recurrent Energy Secures $1.4 Billion Credit Facility

Recurrent Energy, a solar project developer and a wholly owned subsidiary of Canadian Solar secured a multi-currency revolving credit facility valued at up to €1.3

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

Project Finance Brief: Ørsted Secures Financing for Solar and Energy Storage Portfolio

Ørsted, a Danish renewable energy company, secured $680 million in tax equity financing from J.P. Morgan to develop solar and energy storage projects in Arizona

Linea Energy Secures Financing for 109 MW Solar Project

clearvise Acquires 42 MW Wolfsgarten Solar Project in Germany

clearvise, an independent renewable energy power producer, announced the acquisition of a 42 MW Wolfsgarten solar project from ALTUS. ALTUS, a German-based renewable energy project

Funding and M&A Roundup: Nextracker Acquires Bentek Corporation

Cloover Secures $114 Million Seed Funding

May 28
Staff
Solar

Cloover, a Berlin-based climate fintech company, secured $114 million in a seed funding round led by Lowercarbon Capital, founded by venture capitalist Chris Sacca, and

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

Battery Manufacturer Verkor Secures $1.4 Billion Green Loan

May 28
Staff
Storage

Verkor, a manufacturer of lithium-based battery cells and modules, secured over €1.3 billion (~$1.41 billion) in green financing supported by 16 commercial banks and three

Funding and M&A Roundup: Recurrent Energy Secures $415 Million

Clean Energy Management Platform Verse Secures $20.5 Million Series A Funding

May 28
Staff
Smart Grid

Verse, a clean energy management platform, raised $20.5 million in a Series A funding round led by GV (Google Ventures) with participation from Coatue, CIV,

Apricus Generation Secures $30 Million Revolving Credit Facility

Recurrent Energy Secures $1.4 Billion Credit Facility to Expand Solar and Storage Projects

May 27
Staff
Solar, Storage

Recurrent Energy, a solar project developer and a wholly owned subsidiary of Canadian Solar secured a multi-currency revolving credit facility valued at up to €1.3

esVolta Secures $110 Million Financing for Hummingbird Energy Storage Project

Ørsted Secures Tax Equity Financing for Solar and Energy Storage Portfolio

May 27
Staff
Solar, Storage

Ørsted, a Danish renewable energy company, secured $680 million in tax equity financing from J.P. Morgan to develop solar and energy storage projects in Arizona