PROJECT Archives - Page 23 of 51 - 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

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

Apricus Generation Secures $30 Million Revolving Credit Facility

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

Invenergy Secures $1.1 Billion Financing for Three Solar Projects

Recurrent Energy Acquires 420 MW Solar Portfolio in Spain

March 22
Staff
Solar

Recurrent Energy, a global developer, owner, and operator of solar and energy storage and a subsidiary of Canadian Solar, announced the acquisition of a solar

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

ONDE Sold 23.1 MW Solar Projects to SachsenEnergie

March 19
Staff
Solar

ONDE, a renewable energy contractor involved in the development of solar and wind projects, sold a 23.1 MW portfolio of three solar projects for PLN

Funding and M&A Roundup: Exowatt Closes $70 Million Series A Funding

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

Luxcara Secures Financial Close for 315.7 MW Solar Portfolio

Standard Solar Acquires 18.5 MW Solar Project Portfolio in Vermont

March 12
Staff
Solar

Standard Solar, a company specializing in developing and financing solar energy systems, announced the acquisition of an 18.5 MW solar project portfolio in Vermont from

Sonnedix Acquires 49 MW Solar Portfolio in Portugal

March 12
Staff
Solar

Sonnedix, an independent solar power producer, announced the acquisition of a 49 MW portfolio of solar projects in Portugal from Cubico Sustainable Investments (Cubico). All

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