Financing Archives - Page 6 of 12 - Mercom Capital Group

Arevon Energy Secures $352 Million Financing for Posey Solar Project

April 12
Staff
Solar

Arevon Energy, a solar and storage project developer, secured $352 million in financing for the construction and development of 228 MW of the Posey Solar

L&G NTR Clean Power Fund Acquires 211 MW Solar and Battery Project Portfolio

RWE and PPC Closed Funding for 730 MWp Solar Project Portfolio

April 08
Staff
Solar

RWE, a German power generation company, and PPC, a Greece-based utility company, have signed loan agreements with Alpha Bank, Eurobank, and National Bank of Greece

Apricus Generation Secures $30 Million Revolving Credit Facility

Pivot Energy Secures Tax Equity Investment from Walmart

March 29
Staff
Solar

Pivot Energy, a solar project developer, has secured tax equity investment from the U.S. retail chain Walmart for the development of 19 solar projects across

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

Doral Renewables Secures $114 Million Debt Financing for Solar Project

March 25
Staff
Solar

Doral Renewables, a utility-scale renewable energy project developer, closed a construction debt facility for its Great Bend solar project. The company secured $114 million in

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

Solarpack Secures $176 Million Financing for San Martin Solar Project

March 25
Staff
Solar

Solarpack, a solar project developer, has secured a $176.6 million senior financing package for the 300 MW San Martin solar project in Peru. The financing

Greenvolt Secures $39 Million Project Finance

March 22
Staff
Solar

Greenvolt, a solar and wind project developer, through its subsidiary Greenvolt Power, signed a €36 million (~$39.34 million) project finance with UniCredit Bank Hungary for

CCE Holding Secures $25 Million for Solar Project in Italy

AXS Energia Secures Project Financing for 39.7 MW Solar Projects

March 21
Staff
Solar

AXS Energia, a solar energy company, secured a $5 million senior debt facility from Triodos Emerging Markets Renewable Energy Fund and Triodos Groenfonds for the

METLEN Secures $71 Million Financing for Solar Portfolio in Italy

Primergy Solar Secures $588 Million Financing for 408 MW Solar Project

March 18
Staff
Solar

Primergy Solar, a developer, owner, and operator focused on distributed and utility-scale solar PV and battery storage projects, announced the closure of its $588 million

Meyer Burger Secures Up to $39 Million in Financing

X-ELIO Secures $97 Million Financing for Solar Projects in Spain

March 07
Staff
Solar

X-ELIO, a solar project developer, announced the closing of €89 million (~$96.75 million) financing deal with Societe Generale as sole Bookrunner, Mandated Lead Arranger and

Renewable Investment Company SolaREIT Secures $30 Million

March 01
Staff
Solar, Storage

SolaREIT, a renewable energy real estate investment company, closed a revolving credit facility of $30 Million with Atlantic Union Bank (AUB). This debt funding will