Mercom Research Focus

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Mercom Research Focus

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Solar and Storage 9M and Q3 2023 Report


Primergy Solar Secures $588 Million Financing for 408 MW Solar Project

Primergy Solar Secures $588 Million Financing for 408 MW Solar Project

Primergy Solar, a developer, owner, and operator focused on distributed and utility-scale solar PV and battery storage projects, announced the closure of its $588 million commitments in debt financing for ...
/ Solar
Li-Cycle Secures $75 Million Strategic Investment from Glencore

Li-Cycle Secures $75 Million Strategic Investment from Glencore

Li-Cycle, a lithium-ion battery recycling company, entered into an agreement to issue a senior secured convertible note in an aggregate principal amount of $75 million from an affiliate of Glencore, ...
/ Storage
Longroad Energy Secures Financing for Serrano Solar and Storage Project

Longroad Energy Secures Financing for Serrano Solar and Storage Project

Longroad Energy, a U.S.-based renewable energy project developer, announced the financial close of 220 MW solar and 214 MW/855 MWh storage project in Pinal and Pima Counties, Arizona. The project, ...
/ Solar, Storage
Primergy Solar Secures $588 Million Financing for 408 MW Solar Project

Funding and M&A Roundup: Energy Storage Firm phelas Secures $4.5 Million Funding

phelas, a provider of long-duration energy storage solutions, secured €4.1 million (~$4.5 million) in a seed funding round led by E44 Ventures, an Israel-leading climate tech fund. It also saw ...
/ Solar, Storage
Project funding brief

Project Finance Brief: X-ELIO Secures $97 Million Financing for Solar Projects

X-ELIO, a solar project developer, announced the closing of €89 million (~$96.75 million) financing deal with Societe Generale as sole bookrunner, mandated lead arranger, and hedge provider. The funds will ...
/ Solar, Storage