Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Cubico Sustainable Investments Acquires 1 GW Solar Project in Brazil

Plenitude Acquires 81 MW Solar Project in Texas

Plenitude, through its U.S. subsidiary Eni New Energy US, acquired 81 MW of Kellam photovoltaic solar project in Texas from Hanwha Qcells USA, the U.S. subsidiary of the Korean Hanwha ...
/ Solar
TRIG Acquires 200 MWh Battery Storage Project in the UK

TRIG Acquires 200 MWh Battery Storage Project in the UK

The Renewables Infrastructure Group (TRIG), an investment company, has acquired a 100% equity interest in Project Spennymoor, a 100 MW/200 MWh under development battery storage project in the UK, from ...
/ Storage
Funding and M&A Roundup: EQT Acquires Renewable Developer Madison Energy

Funding and M&A Roundup: EQT Acquires Renewable Developer Madison Energy

EQT Infrastructure, an investment firm, announced that its EQT Infrastructure VI fund acquired Madison Energy Investments (MEI), a solar and energy storage project developer, from affiliates of Stonepeak Partners. EQT ...
/ Solar, Storage
Project Finance Brief: Primergy Closes $75 Million Credit Facility from Rabobank

Project Finance Brief: Primergy Closes $75 Million Credit Facility from Rabobank

Primergy Solar, a U.S.-based utility-scale and distributed solar and storage company, has closed a $75 million revolving credit facility from Rabobank to develop a pipeline of solar and storage projects ...
/ Solar, Storage
Alternus Energy Secures $531 Million Debt Finance from Deutsche Bank

Alternus Energy Secures $531 Million Debt Finance from Deutsche Bank

Alternus Energy Group, an independent power producer, has completed a €500 million (~$531 million) financing agreement with Deutsche Bank for funding its solar project acquisitions in Europe. The funding has ...
/ Solar