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Adapture Renewables Secures $321 Million for Solar Project Portfolio

Adapture Renewables Secures $321 Million for Solar Project Portfolio

  • March 07
  • Staff
  • Solar

Adapture Renewables, a utility-scale solar and energy storage project developer, secured a $321 million debt facility from Mitsubishi UFJ Financial Group (MUFG), comprising a construction

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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: SmartSolar Raises $1.8 Million in Seed Funding

  • March 05
  • Staff
  • Solar, Storage

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

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Thermal Energy Storage Company Exowatt Closes $70 Million

Project Finance Brief: SMT Energy Secures Funding for 160 MW/320 MWh BESS Project

  • March 05
  • Staff
  • Solar, Storage

SMT Energy, a developer, owner, and operator of battery energy storage projects, secured $135 million in project financing to develop a 160 MW/320 MWh battery

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

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

  • March 04
  • Staff
  • Solar

Ellomay Capital, a renewable energy project developer in Europe, the U.S., and Israel, announced that its wholly owned subsidiary Ellomay Holdings Luxembourg Sarl entered into

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Macquarie Asset Management Acquires Island Green Power

ORIT Secures $125 Million Five-year Term Loan Facility

  • March 04
  • Staff
  • Solar

Octopus Renewables Infrastructure Trust (ORIT), an investment company, announces that it has signed a £100 million (~$125 million) five-year term loan facility with three of

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RES Sells 70 MW Battery Energy Storage Project in Sweden

RES Sells 70 MW Battery Energy Storage Project in Sweden

  • March 04
  • Staff
  • Storage

RES, a U.K.-based independent renewable energy developer, announced the completion of the sale of a fully ready-to-build 70 MW/160 MWh battery energy storage project in

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