PureSky Energy, a Denver-based developer, owner, and operator of community solar, commercial and industrial solar, and energy storage projects, has closed a $62 million upsizing of its corporate credit facility arranged by Nomura. The company said the expanded credit facility enabled it to repay certain legacy debt at the holding company level and increased liquidity for its U.S. community solar and distributed generation business.
U.K.’s development finance institution and impact investor, British International Investment (BII), has announced the partial syndication of its mezzanine debt investment in Blueleaf Energy. Under the transaction, Emerging Africa and Asia Infrastructure Fund will participate in 50% of the $75 million mezzanine debt facility underwritten by BII. The financing will support Blueleaf Energy’s development of 850 MW of greenfield renewable energy capacity in India.
ARRAY Technologies, a provider of solar tracking technology and fixed-tilt products and foundation solutions, has entered into a definitive agreement to acquire Affordable Wire Management (AWM) for total potential consideration of $203 million. AWM is a company that supplies wire management, cable protection, and balance-of-system products for utility-scale solar and energy storage projects. The transaction includes a base purchase price of $153 million and up to $50 million in additional consideration.
Unirac, a manufacturer of solar photovoltaic mounting systems in North America, has acquired assets related to Terrasmart’s solar racking business from Gibraltar Industries for $5 million. Terrasmart provides ground-mounted, tracker, and canopy systems for commercial, industrial, and distributed-generation solar projects in the U.S. The acquisition expands Unirac’s platform beyond its core residential and commercial flat roof racking business.
Piq Energy, a grid planning software company, has raised $5 million in an oversubscribed seed funding round led by Active Impact Investments. Cisco Foundation, Mobilize AI x Energy Ventures, New Climate Ventures, Ascent Energy Ventures, Umami Capital, CLAI Ventures, and 9Zero also participated in the round. Piq Energy develops an agentic grid planning platform that integrates with existing engineering tools, bringing models, data, and workflows into a single system.
Powerica has acquired a 49% stake in Fuji-Kailash Energy, a renewable energy generation and distribution company, for ₹30 million (~$311,365). The company’s board of directors approved the investment on April 21, 2026, and the equity shares were allotted to the company on May 22, 2026. Powerica finalized the investment by purchasing 1,729,106 FKEPL equity shares at ₹10 (~$0.103) each. The company stated that it aimed to enter a de-risked renewable asset category with long-term revenue visibility with the investment.
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.
