debt Archives - Page 2 of 10 - Mercom Capital Group

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

rPlus Energies Secures Over $1B Debt Financing for Solar and Storage Project

July 18
Staff
Solar, Storage

rPlus Energies (rPlus), a solar and energy storage project developer, secured over $1 billion in construction debt financing for its Green River Energy Center, which

Scatec Secures $479 Million for Solar and Storage Project in Egypt

Liontown Resources Secures $250 Million From LG Energy Solution

July 04
Staff
Storage

Liontown Resources, a battery minerals producer, secured a $250 million investment and a 10-year offtake extension from foundational partner LG Energy Solution, a manufacturer of

EV Charging Provider Be.EV Secures $70 Million Debt Financing

June 28
Staff
Smart Grid

Be.EV, an EV charging provider, secured £55 million (~$70 million) in debt financing from NatWest and the German KfW IPEX-Bank. The funding was also supported

EV Charger Maker Ekoenergetyka Secures $170 Million Loan

June 18
Staff
Smart Grid

Ekoenergetyka, a manufacturer of EV chargers, has secured a loan of PLN 691 million (~$170 million). The loan agreement provides for the possibility of structuring

Nexwell Power Acquires 248 MW Solar Project Portfolio

Sun Investment Group Secures Debt Financing for 2 GW Solar PV Pipeline

June 14
Staff
Solar

Sun Investment Group (SIG), a solar project developer and investment management company, secured debt financing for a pipeline of mid to late-stage solar PV projects

Soltage Secures $260 Million Financing for Solar and Storage Projects

British Solar Renewables Secures Funding for 124 MW Solar and Storage Projects

June 11
Staff
Solar, Storage

British Solar Renewables (BSR), an integrated solar project developer in the UK, secured an undisclosed amount of funding for solar PV and battery storage projects

AMEA Power Secures Financing for 120 MW Doornhoek Solar Project

June 10
Staff
Solar

AMEA Power, a developer, owner, and operator of renewable energy projects, reached financial closure for its 120 MW Doornhoek Solar project located in South Africa.

Battery Manufacturer Microvast Secures $25 Million Loan Facility

June 07
Staff
Storage

Microvast Holdings, a company that designs and manufactures lithium-ion batteries, secured an initial $12 million draw of a $25 million secured debt facility. According to

Sol Systems Secures $85 Million Debt Financing for Utility-Scale Solar Projects

June 04
Staff
Solar

Sol Systems, a solar finance and development company, secured $85 million in debt financing from Macquarie Asset Management, a global asset manager for the construction

Funding and M&A Roundup: Energy Storage Company Tyba Raises $13.9 Million

Maxeon Solar Technologies Secures $97.5 Million Debt Financing

June 04
Staff
Solar

Maxeon Solar Technologies, a Singapore-based solar solutions provider, has secured a $97.5 million debt financing from the company’s largest shareholder, TCL Zhonghuan Renewable Energy Technology