Melvan, a renewable energy producer and developer, raised €25 million (~$29.1 million) in funding from a consortium of investors.
The funding round was led by Bpifrance, through its France Investissement Énergie Environnement 2 fund, and IDIA Capital Investissement, through its Crédit Agricole Energie & Economie Bas Carbone I fund, as well as a pool of investors from the Crédit Agricole group, and OCCTE, through its FPCI OCCTE OCCIGEN fund.
The company primarily focuses on solar energy, developing, financing, and operating renewable energy projects. Its portfolio is stated to total around 2 GW at various stages of development, including 750 MW in advanced phases.
The company’s solutions range from solar storage canopies, structures installed over storage areas and equipped with solar panels, to ground-mounted and floating solar systems. The company also designs and develops wind energy projects. The company will use the funding to accelerate its development in support of the energy transition in France.
In January this year, Melvan announced that two of its projects, totaling 6 MWp, were awarded under the PPE2 Buildings call for tenders.
In May, Energy Solutions Group, a renewable energy independent power producer, secured €125 million (~$139 million) investment from Infranity, an infrastructure investment and asset management firm. The investment comprises a €75 million (~$83 million) investment through a capital increase and €50 million (~$55.5 million) through a secondary transaction.
According to Mercom’s Q1 2025 Solar Funding and M&A Report, global VC funding for the solar sector in Q1 2025 totaled $1.4 billion across 14 deals, representing a 237% year-over-year (YoY) increase from $406 million raised in 13 deals in Q1 2024. Funding increased 40% QoQ compared to the $1 billion raised in 21 deals in Q4 2024.
In April, Lodestone Energy, a solar project developer, raised an additional NZD50 million (~$30 million) in equity funding. The funding was primarily from existing shareholders, with some participation from new investors. This additional funding will add to the NZD50 million (~$30 million) development funding raised in 2024, bringing the total funding to NZD100 million (~$60 million).