Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Arevon Energy Secures $352 Million Financing for Posey Solar Project

Funding and M&A Roundup: Rooftop Solar Installer Otovo Raises $41 Million

Otovo, a Norway-based residential rooftop solar installer, has raised NOK450 million (~$41 million) in a funding round led by existing investors Å Energi, Axel Johnson Group, and Nysnø, the Norwegian ...
/ Solar, Storage
Funding and M&A Roundup: Volvo Group Acquires Battery Business for $210 Million

Ilmatar Secures $536 Million Debt Financing

Ilmatar, an independent renewable energy power producer, secured a group-level debt financing package of €500 million (~$536 million) in a transaction led by Copenhagen Infrastructure Partners (CIP) through its Green ...
/ Solar
MGA Thermal Raises $5.7 Million in Additional Funding

Residential Solar Installer Otovo Raises $41 Million

Otovo, a Norway-based residential solar installer, raised NOK 450 million (~$41 million) capital raise led by existing investors Å Energi, Axel Johnson Group and Nysnø (The Norwegian Government Climate Investment ...
/ Solar
PNE Sells 240 MW Solar Project in South Africa

Soltec Secures Project Financing for 5.6 MW Solar Project in Spain

Soltec, a single-axis solar tracker firm, secured €3.6 million (~$3.8 million) in project financing, to which €550,000 (~$590,000) from local communities will be added for the construction of a 5.6 ...
/ Solar
KCE Monetizes Investment Tax Credits Under IRA for 120 MW BESS Projects

Emeren Group Sells 410 MW Battery Energy Storage Portfolio

Emeren, a solar project developer, owner, and operator, announced the sale of a 410 MW energy storage portfolio comprising five Battery Energy Storage Systems (BESS) in Italy to Matrix Renewables ...
/ Storage