AMPYR Distributed Energy, an investor in renewable energy solutions and part of the AGP Group, secured £170 million (~$229 million) in debt funding provided by the corporate investment firm Crédit Agricole CIB. This funding aims to support its ongoing investment in commercial and industrial solar and battery energy storage projects throughout the U.K.
REplace, an AI-powered service provider for streamlining solar and other renewable energy development, secured $1.6 million in its latest funding round, bringing its total funding to $2.1 million. The funding round was led by Gravity Climate, which includes Dr. Bracha Halaf, and Zafrir Yoeli, Co-Founder of Enlight. Additional participants include Adam/a, Malbec Ventures, and strategic angels from the solar and data center sectors participating in this funding round.
SunStrong Capital Holdings, a provider of financing solutions for the residential solar sector, has announced the successful closing of a $254 million securitization backed by residential solar and battery system loan agreements. SunStrong acquired legacy SunPower assets, including more than 110,000 solar loan and lease systems across the U.S., totaling nearly 1 GW of power generation capacity and 19 MW of commercial solar assets. The company focuses exclusively on distributed energy asset management.
Waste and wastewater management solutions company Enviro Infra Engineers announced it will acquire Sunaxis Renewables from EIE Renewables for ₹100,000 (~$1,170.37). Sunaxis Renewables is a special-purpose vehicle that develops ground-mounted and floating solar projects. It oversees the complete lifecycle of floating solar projects, from concept to commissioning, and operation and maintenance.
AMPYR Distributed Energy, an investor in renewable energy solutions and part of the AGP Group, has announced the acquisition of Eden Sustainable, a provider of renewable energy solutions. Eden, a developer in the U.K. commercial and industrial renewables sector, will maintain its brand, team, and Exeter-based headquarters following the acquisition. ADE is set to offer strategic support to Eden, collaborating with the team to accelerate the development of their combined project pipeline.
For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.
Read last week’s funding roundup.
