Orsted Archives - 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

Project Finance Brief: Ørsted Secures Financing for Solar and Energy Storage Portfolio

Ørsted, a Danish renewable energy company, secured $680 million in tax equity financing from J.P. Morgan to develop solar and energy storage projects in Arizona

esVolta Secures $110 Million Financing for Hummingbird Energy Storage Project

Ørsted Secures Tax Equity Financing for Solar and Energy Storage Portfolio

May 27
Staff
Solar, Storage

Ørsted, a Danish renewable energy company, secured $680 million in tax equity financing from J.P. Morgan to develop solar and energy storage projects in Arizona

Ørsted Acquires 160 MW Solar Project in Ireland

March 20
Sohini Aich
Solar

Danish renewable energy company Ørsted acquired the 160 MW Garrenleen solar project from solar project developer Terra Solar in Ireland. The terms of the acquisition

Orsted Secures $582 Million Loan From EIB For Renewable Energy Projects

September 30
Dayanand Kori
Solar

Danish renewable energy company Orsted has secured a €500 million (~$582 million) loan from the European Investment Bank (EIB). The agreement will support its capital