Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Econergy Secures $162 Million in Loans to Support Solar Projects

Econergy Secures $162 Million in Loans to Support Solar Projects

Econergy Renewable Energy, an Israel-based investor, developer, and operator of renewable energy projects, has finalized a €150 million (~$162 million) loan agreement with the UK-based Phoenix Insurance to support the ...
/ Solar
Sol Systems Acquires 190 MW Texas Solar Project

Sol Systems Acquires 190 MW Texas Solar Project

Sol Systems, a solar finance and development company acquired a 190 MW solar development project in Uvalde County, Texas, from ABEI Energy, an independent power producer. The acquisition was a ...
/ Solar
Cubico Sustainable Investments Acquires 1 GW Solar Project in Brazil

Cubico Sustainable Investments Acquires 1 GW Solar Project in Brazil

From: Mercom India Renewable energy company Cubico Sustainable Investments said it has acquired Project Sobral — a 1 GW solar photovoltaic (PV) project in Brazil — from ZEG Energias Renováveis ...
/ Solar
Norfund to Invest $60 Million in Indian Waste-to-Energy Company SAEL

Norfund to Invest $60 Million in Indian Waste-to-Energy Company SAEL

Norway’s development finance institution Norfund said it will invest about NOK 600 million (~$60.5 million) in the Indian solar and agricultural waste-to-energy company SAEL. The investment will help SAEL support ...
/ Solar
Energy Firm ENGIE Raises $2.9 Billion Through Green Bonds

Energy Firm ENGIE Raises $2.9 Billion Through Green Bonds

By Raj Prabhu France-based energy firm ENGIE said it has raised €2.75 billion (~$2.9 billion) after the successful closing of its triple-tranche green bond issue. The transaction delivered an average ...
/ Solar