Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Vena Energy Secures $121 Million Green Loan for Kasama Solar Project

Vena Energy Secures $121 Million Green Loan for Kasama Solar Project

Vena Energy, an independent solar power producer, secured a JPY16.9 billion (~$121 million) green loan for the 53 MW Kasama solar project. MUFG Bank led the JPY16.9 billion (~$121 million) ...
/ Solar
Solar Technology Provider Cubic PV Raises $100 Million

Solar Technology Provider Cubic PV Raises $100 Million

CubicPV, a solar technology company, has secured an equity commitment of over $100 million in support of its U.S. factory plans and tandem product roadmap. The investment was led by ...
/ Solar
Funding and M&A Roundup: Forge Nano Raises $50 Million for Battery Production Line

Funding and M&A Roundup: Forge Nano Raises $50 Million for Battery Production Line

Forge Nano, a provider of nanocoating technology for lithium-ion batteries, closed on $50 million in funding led by key investments from Hanwha Corporate Venture Capital. The funding brings the company’s ...
/ Solar, Storage
Project Finance Brief: AMPYR Secures $215 Million Project Finance Facility

Project Finance Brief: AMPYR Secures $215 Million Project Finance Facility

AMPYR Solar Europe, an independent solar power producer, has secured a €200 million (~$215 million) project finance facility with Rabobank to construct and operate 350 MW of solar photovoltaic projects ...
/ Solar, Storage
Spearmint Energy Secures $200 Million Loan for BESS Storage Projects in Texas

Spearmint Energy Secures $200 Million Loan for BESS Storage Projects in Texas

Spearmint Energy, a green merchant trading company developing, owning, operating, and trading around Battery Energy Storage, closed a $200 million credit facility with Aiga Capital Partners, an investment management firm ...
/ Storage