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Globeleq

Globeleq acquires 48.3% stake in 25 MW solar project in Egypt
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  • Tag: Globeleq
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

Project Finance Brief: Enfinity Secures $195 Million for 70 MW Solar Project

  • May 02
  • Staff
  • Smart Grid, Solar, Storage

Enfinity Global, a renewable energy project developer, secured $195 million in long-term project financing for a 70 MW solar project in Japan. Nomura Securities International,

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project finance brief

Globeleq Acquires 48.3% Stake in 25 MW Solar Project in Egypt

  • April 25
  • Staff
  • Solar

Globeleq, an independent solar power producer, announced the acquisition of a 48.3% equity stake in the 25 MW Winnergy solar project in Egypt. The solar

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Project Finance Brief Grenergy Raises $148 Million to Fund Solar Projects in Chile

Project Finance Brief: Scale Microgrids Acquires 500 MW Community Solar Projects

  • January 24
  • Sohini Aich
  • Solar, Storage

Scale Microgrids, a vertically integrated distributed energy platform, entered into a definitive agreement with Gutami to acquire 500 MW of distributed solar and storage projects.

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Apricus Generation Secures $30 Million Revolving Credit Facility

Globeleq Secures $37 Million Debt Financing for Solar Projects

  • January 23
  • Staff
  • Solar

Globeleq, an independent solar power producer, announced the completion of a $37 million senior debt restructuring for 11 MW of Aries Solar and 11 MW

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Ingka Investments Acquires 76.3 MW Solar Project Portfolio

Scatec Sells 52.5% Stake in Mozambique Solar Project

  • July 18
  • Sohini Aich
  • Solar

Scatec, a renewable energy solutions provider, signed an agreement with Globeleq, an independent power producer, to sell its 52.5% equity share in the 40 MW

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Project Finance Brief Globeleq Acquires a 66 MW Solar Project in Egypt

Project Finance Brief: Globeleq Acquires a 66 MW Solar Project in Egypt

  • October 17
  • Ranjitha S
  • Solar, Storage

Globeleq, an independent power company in Africa, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MW solar PV project located

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