Mercom Research Focus

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Mercom Research Focus

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Q1 2024 Solar Funding and M&A Report


Energy Storage Developer Statera Energy Secures $377 Million Debt Funding

Energy Storage Developer Statera Energy Secures $377 Million Debt Funding

Statera Energy, a UK-based energy storage and flexible generation developer and operator, secured up to £300 million (~$377 million) in debt financing led by Lloyds Bank. The first £144 million ...
/ Storage
ENGIE Secures $1 Billion Financing for 1.3 GW Renewable Projects

Project Finance Brief: Leeward Secures $580 Million for Solar and Wind Projects

Leeward Renewable Energy, a solar, wind, and energy storage project developer, closed $580 million of tax equity commitments and debt facilities for its White Wing Ranch Solar and GSG Wind ...
/ Solar, Storage
Highfield Solar Secures $70 Million in Financing for Ireland Solar Project

Funding and M&A Roundup: Element Energy Secures $111 Million

Element Energy, a battery management technology company, closed $111 million in funding comprising a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital ...
/ Solar, Storage
Pacific Green Acquires 51% Stake in 500 MW Energy Storage Portfolio

Pacific Green Acquires 51% Stake in 500 MW Energy Storage Portfolio

Pacific Green, an energy storage project developer, through its wholly-owned subsidiary, Pacific Green Battery Energy Park (Italia), acquired a 51% stake in five projects totaling 500 MW/ 2,800 MWh in ...
/ Storage
Primergy Solar Secures $588 Million Financing for 408 MW Solar Project

Battery Manufacturer Northvolt Raises $150 Million

Northvolt, a Sweden-based manufacturer of lithium-ion batteries, received around CAD 200 million (~$150 million) from CDPQ. The funding is in the form of a convertible debt, which will help facilitate the Northvolt Six ...
/ Storage