Greenvolt Group, a renewable energy project developer, has completed an additional €70 million (~$81.4 million) issuance of its Green Bonds 2029, increasing the total size of the issue to €170 million (~$197.9 million). The company placed the additional issuance, known as a tap issue, exclusively with qualified investors. The new bonds will be fungible with the existing issuance and can be traded in the market by any investor.
Goshe Energy Storage, a developer, owner, and operator of utility-scale battery storage projects, has secured a HoldCo debt facility of up to $40 million from S2G Investments’ Special Opportunities team. The company said the facility will support the acquisition and construction of late-stage development projects across U.S. markets. Goshe focuses on acquiring late-stage development assets, arranging financing, and managing projects through construction and commercial operation.
CeLLife Technologies, a Finnish battery software company, has closed a €4 million (~$4.6 million) post-seed funding round. The round included the European Innovation Council, new investors 2C Ventures of Estonia and Butterfly Ventures of Finland, and existing investors, including France-based Ventech. The company said it will use the funding to scale commercial operations across Europe and North America.
Volt Harbor, an energy storage technology company, has closed a $2 million seed financing round led by MFV Partners to launch and commercialize its patented medium-access-control battery energy storage system technology. The company said the financing will support its transition from pilot deployment to commercial deployment.
Nextpower, an integrated provider of utility-scale solar infrastructure solutions offering trackers, electrical balance-of-system solutions, software, and robotics, has entered into an agreement to acquire Prevalon Energy, a U.S.-headquartered joint venture between Mitsubishi Power Americas and EES, for total consideration of up to $365 million, excluding cash to be acquired.
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.
