Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Renewco Power Acquires 1.5 GW of Solar and Battery Projects

Renewco Power Acquires 1.5 GW of Solar and Battery Projects

Renewco Power, a developer of utility-scale solar, wind, and battery projects, announced its expansion into the US by acquiring a 1.5 GW pipeline of early-stage utility-scale solar projects, alongside 500 ...
/ Solar
Onward Energy Acquires 1.2 GW Solar Portfolio In the US

Onward Energy Acquires 1.2 GW Solar Portfolio In the US

Onward Energy, an independent power producer, announced that it has entered into a binding agreement to purchase 100% of the cash equity interests in a 1,171 MW operating solar portfolio ...
/ Solar
Northvolt Raises $1.1 Billion to Support Factory Rollout Plans in Europe

Northvolt Raises $1.1 Billion to Support Factory Rollout Plans in Europe

Sweden-based lithium-ion battery manufacturer Northvolt signed a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand ...
/ Storage
Eurazeo Sells its Stake in Reden Solar for $644 Million

Eurazeo Sells its Stake in Reden Solar for $644 Million

Eurazeo, an investment company, announced the sale of its entire stake in Reden Solar to a consortium led by Macquarie Asset Management, British Columbia Investment Management Corporation (BCI), and MEAG ...
/ Solar
Funding and M&A Roundup: Solar Developer Intersect Power Secures $750 Million in Funding

Funding and M&A Roundup: Solar Developer Intersect Power Secures $750 Million in Funding

United States-based large-scale renewable energy project developer Intersect Power secured a $750 million growth equity investment led by TPG Rise Climate, with additional participation from existing investors, Climate Adaptive Infrastructure (CAI), and Trilantic Energy Partners North America ...
/ Solar, Storage