Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Origis Energy Secures Project Financing for 75 MW Solar Project

Project Finance Brief: Vesper Energy Secures $590 Million for Solar Project

Vesper Energy, a developer, owner, and operator of utility-scale renewable energy projects, secured $590 million in debt financing for the Hornet Solar power project in Texas. The Hornet Solar project ...
/ Solar
Elawan Energy Secures $163 Million for Renewable Project Portfolio in Spain

Azul Energy Raises $3.2 Million Series A Funding

AZUL Energy, a developer of catalytic electrodes for fuel cells and metal-air batteries, raised ¥475 Million ($3.2 Million) in Series A Funding led by Spiral Capital, with participation from TOHOKU ...
/ Solar, Storage
Battery Recycling Firm Altilium Secures $9.4 Million Series A Funding

Volvo Group Acquires Proterra’s Battery Business for $210 Million

The Volvo Group announced the acquisition of the battery business from EV company Proterra and Proterra Operating Company. The deal was valued at $210 million before adjustment for inventory level ...
/ Storage
Highfield Solar Secures $70 Million in Financing for Ireland Solar Project

Spearmint Energy Announces $200 Million Enhanced Credit Facility

Spearmint Energy, an energy storage project developer, announced the addition of Nuveen to its $200 million enhanced credit facility with Aiga Capital Partners. The term loan will support the development ...
/ Storage
Elawan Energy Secures $163 Million for Renewable Project Portfolio in Spain

Vesper Energy Secures $590 Million Financing for Hornet Solar Project

Vesper Energy, a developer, owner, and operator of utility-scale renewable energy projects, secured $590 million in debt financing for the Hornet solar project in Texas. The project will deliver renewable ...
/ Solar