Header black no transparent - Mercom Capital Group

[rev_slider_vc alias=”home-blog”]

Funding and M&A Roundup: SmartSolar Raises $1.8 Million in Seed Funding ORIT secures $125 million five-year term loan facility SmartSolar, a rooftop solar solution provider, has raised $1.85 million in seed funding. The funding was led by Picus Capital and 2degrees, along with participation from early-stage venture capital firm Iterative. With this funding, the company plans to accelerate its growth in Vietnam and expand its footprint across Southeast Asia. The company offers rooftop solar solutions designed to help businesses cut down on electricity costs. Octopus Renewables Infrastructure Trust, an investment company, announced that it has signed a £100 million (~$125 million) five-year term loan facility with three of its existing lenders, Santander, National Australia Bank, and Allied Irish Banks. The funding will be used to pay down a portion of the existing and more expensive Revolving Credit Facility (RCF) debt. According to ORIT, it has drawn £151.2 million (~$191 million) on the RCF so far. Vidyut, an electric vehicle ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired funds to expand its Battery-as-a-Service offering in passenger and commercial EV segments. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut claimed it had reduced upfront electric three-wheeler costs by 35-40%. 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. Tags: Vidyut, Octopus Renewables Infrastructure Trust, SmartSolar, solar, funding

Funding and M&A Roundup: Sunairio Raises $6.4 Million in Funding

January 02
Staff
Solar, Storage

Sunairio, a weather intelligence platform developer for renewable energy prediction, announced the closing of an oversubscribed $6.4 million funding round. This closing brings the total funding

Ardian to Acquire Renewables Company Akuo

enercity Acquires Hanwha Q CELLS’ Solar Portfolio and Other Assets

December 31
Staff
Solar

enercity, a German energy supplier, has acquired the key business areas along with a solar portfolio from Hanwha Q CELLS, a manufacturer of solar cells,

Nordic Solar Sells 2.8 MW Solar Project in France

December 31
Staff
Solar

Nordic Solar, a Denmark-based developer and owner of solar project, announced the signing of a share purchase agreement for the 2.8 MW Montmayon solar project

Spearmint Energy Secures Over $250 Million Financing for Battery Storage Projects

Fiba Renewables Secures $42 Million Loan from EBRD in Türkiye

December 26
Staff
Solar

Kavram Enerji, a subsidiary of Fiba Yenilenebilir Enerji Holding (Fiba Renewables), a renewable energy developer in Türkiye, secured a $42 million (€39.7 million) loan from

Bluefield Solar Secures $380 Million Refinancing for Solar Portfolio

Sunairio Raises $6.4 Million in an Oversubscribed Funding Round

December 25
Staff
Smart Grid

Sunairio, a developer of a weather intelligence platform for renewable energy prediction, announced the closing of an oversubscribed $6.4 million funding round. This brings the total

Invenergy Secures $1.1 Billion Financing for Three Solar Projects

Econergy Secures $40 Million Financing for 92 MW Solar Project in Romania

December 25
Staff
Solar

Econergy, an independent renewable energy power producer, announced the signing of a project financing agreement valued at approximately €38 million (~$39.61 million) with Raiffeisen Bank