EIB Archives - Mercom Capital Group

Solar Solutions Provider Allume Energy Secures $4.6 Million in Funding

Enel Secures $300 Million Financing from European Investment Bank

October 15
Staff
Solar

Enel Colombia, a subsidiary of Enel Group, an Italian multinational manufacturer and distributor of electricity and gas, secured a term loan in Colombian pesos equivalent

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

BNZ Secures $185 Million Green Loan for Solar Project Portfolio

September 24
Staff
Solar

The European Investment Bank (EIB) and BNZ, a solar project developer owned by Nuveen Infrastructure, announced the signing of a €166 million (~$184.68 million) green

Dimension Energy Closes $360 Million Financing for Solar Project Portfolio

Matrix Renewables Secures Financing for 240 MW Solar Projects in Spain

August 08
Staff
Solar

Matrix Renewables, a global renewable energy company, signed a €50 million (~$54.74 million) green loan with the European Investment Bank (EIB) to support the development

Battery Manufacturer Verkor Secures $1.4 Billion Green Loan

May 28
Staff
Storage

Verkor, a manufacturer of lithium-based battery cells and modules, secured over €1.3 billion (~$1.41 billion) in green financing supported by 16 commercial banks and three

Dye-Sensitized Solar Cell Technology Company Exeger Receives $38.4 Million Loan

December 26
Staff
Solar

Exeger, a developer of solar cell technology, secured a €35 million (~$38.4 million) loan from the European Investment Bank (EIB). The EIB loan is backed by

Recurrent Energy Secures $71 Million Financing for Solar and Storage Projects

Project Finance Brief: Clearway Secures $421 Million for Energy Storage and Solar Project

Clearway, a solar, wind, and energy storage project developer, has closed $421 million in financing for the 147 MW/ 588 MWh Rosamond Central Battery Energy

Battery Materials Company Talga Group Secures $164 Million From EIB

Talga Group, a battery materials company, announced that it had received approval from the European Investment Bank (EIB) for €150 million (~$164 million) in senior

Iberdrola Secures $1 Billion from EIB to Build 22 Renewable Energy Projects

June 13
Sohini Aich
Solar

From: Mercom India Spain-based independent power producer Iberdrola and the European Investment Bank (EIB) have signed a loan agreement worth €1 billion (~$1.07 billion) to

Renewable Power Capital Acquires 1.9 GW Solar and Wind Project Portfolio

Iberdrola Secures $160 Million Loan for Wind and Solar Projects in Italy

February 14
Arjun Pradeep
Solar

Iberdrola, a Spanish multinational electric utility, received a €150 million (~$160 million) green loan agreement from The European Investment Bank (EIB) to develop a portfolio

Enel Secures $652 Million Sustainability – Linked Financing for Latin America

April 12
Staff
Solar

Enel, an Italian multinational manufacturer and distributor of electricity and gas, and the European Investment Bank (EIB), through its development branch EIB Global and SACE,