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Project Finance Brief: ib vogt Sells 110 MW Solar Project in Spain

September 25
Sohini Aich
Solar, Storage

ib vogt, a solar and energy storage project developer, announced the sale of its 110 MW Pato solar project in Spain to NextPower V ESG,

OnePlanet Raises $7 Million in Seed Funding

Gridtech Company David Energy Secures $23 Million Funding

September 24
Staff
Smart Grid

David Energy, a retail energy provider whose software platform analyzes and controls customer demand in real-time, raised $23 million in funding. This funding was led

METLEN Secures $71 Million Financing for Solar Portfolio in Italy

Alight Secures $123 Million Debt Financing for Solar Projects in Sweden

September 24
Staff
Solar

Alight, an independent solar power producer, announced the financial closure of €110 million (~$122.56 million) senior debt portfolio financing with the Dutch lender Rabobank. The

AES Chile Acquires 171 MW Solar Project in Chile

ib vogt Sells 110 MW Solar Project in Spain

September 24
Staff
Solar

ib vogt, a solar and energy storage project developer, announced the sale of its 110 MW Pato solar project in Spain to NextPower V ESG,

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

BNZ Secures $185 Million Green Loan for Solar Project Portfolio

September 24
Staff
Solar

The European Investment Bank (EIB) and BNZ, a solar project developer owned by Nuveen Infrastructure, announced the signing of a €166 million (~$184.68 million) green

Ardian to Acquire Renewables Company Akuo

Energy Transition Platform Return Acquires Stake in J&P Batterie Projekte

September 23
Staff
Storage

Return, an energy transition investment and development platform, has acquired a majority stake in J&P Batterie Projekte, an energy storage system developer, through a €50