Blog 4 columns - Mercom Capital Group

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

AMPYR Distributed Energy Acquires Eden Sustainable

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

Ormat Technologies Secures $62 Million Hybrid Tax Equity Funding

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

Doral Renewables Secures $400 Million Equity Financing from APG

June 25
Staff
Solar

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

Blue Elephant Energy Acquires Majority Stake in Solar215

Masdar to Acquire Clean Energy Developer TERNA ENERGY

June 25
Staff
Solar, Storage

Masdar (Abu Dhabi Future Energy Company PJSC), a UAE-based renewable energy project developer, has reached a definitive agreement with Gek Terna SA and other shareholders

Solar Tracking Solution Provider Nextracker Acquires Foundation Developer Ojjo

June 24
Staff
Solar

Nextracker, a solar tracker and software solutions provider, announced the acquisition of Ojjo, a company specializing in foundation technology and services used in utility-scale ground-mount

SC Oscar Acquires New Zealand Solar Developer Rānui Generation

June 24
Staff
Solar

SC Oscar, a Singapore-based fund manager specializing in renewable energy investments, announced the acquisition of a 100% stake in Rānui Generation, a New Zealand-based solar

Invenergy Secures $1.1 Billion Financing for Three Solar Projects

Vesper Energy Sells Gaucho and Nestlewood Solar Projects to Octopus Energy Generation

June 24
Staff
Solar

Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, announced the sale of two PJM assets, Gaucho Solar and Nestlewood Solar projects,

DRI Acquires 126 MW Solar Project in Romania

June 24
Staff
Solar

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,