Ohio

The construction and operation of the solar project will represent Doral's first such investment in the state of Ohio.

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, 2024
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

Sonnedix Acquires 300 MW of Solar Projects in the UK from Lightsource bp

Harrison Street Acquires a Solar Project from Soltage

November 04, 2022
Arjun Pradeep
Solar

Harrison Street, an investment management firm, acquired a 28 MW of solar project from Soltage, a solar project developer and independent power producer. The solar