Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


AMEA Power Reaches Financial Close on 120 MW Solar Project

AMEA Power Reaches Financial Close on 120 MW Solar Project

AMEA Power, a renewable energy company, achieved financial closure on its 120 MW solar project in Tunisia. When commissioned, the $86 million project will be the company’s first operational asset ...
/ Solar
SPN Secures $64 Million Loan for Renewables Expansion

Funding and M&A Roundup: Morrow Batteries Raises ~$74 Million in Funding

Morrow Batteries, a Norwegian battery manufacturer, announced that it is raising up to EUR 70 million (~$74 million) in new capital from its existing shareholders. The funding is expected to ...
/ Solar, Storage
TotalEnergies Acquires 208 MW of Solar Projects in Romania

Project Finance Brief: Recurrent Secures Financing for 100 MW Solar Project

Recurrent Energy, a wholly-owned subsidiary of Canadian Solar and a utility-scale solar and energy storage project developer, closed project financing for its 134 MW (100 MWac) Liberty Solar project. The ...
/ Solar, Storage
Solar Microinverter Firm TSUN Secures $21 Million in Series B Funding

Morrow Batteries Raises Up to $74 Million in Funding

Morrow Batteries, a Norwegian battery cells manufacturer, announced that it is raising up to €70 million (~$74.09 million) through a private placement. The funding will support the company’s development of ...
/ Storage
Energy Data Startup Openvolt Raises $1.6 Million in Pre-Seed Funding

Energy Data Startup Openvolt Raises $1.6 Million in Pre-Seed Funding

Openvolt, a provider of software solutions for energy data, secured €1.5 million (~$1.6 million) in a pre-seed round led by Berlin-based early-stage investor Cavalry Ventures, with participation from climate investor ...
/ Storage