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projects

The financing also includes an accordion feature, allowing Enfinity to upsize to $893.97 million
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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

Enfinity Global Secures $558 Million Financing for Solar Projects in Italy

  • August 29, 2024
  • Staff
  • Solar

Enfinity Global, a U.S.-based renewable energy project developer, announced the financial close of €500 million (~$558.73 million), which will support the development and construction of

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Recurrent Energy Secures $260 Million Financing for 94 MW Solar Project

Generate & KeyState Close 53.5 MW Community Solar Projects’ Investment Fund

  • August 27, 2024
  • Staff
  • Solar

Generate Capital, a sustainable investment and operating company, and KeyState Renewables, an investment firm, announced the close of their third joint fund, Generate NY Community

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project finance brief

Project Finance Brief: Atlas Renewable Energy Secures Financing for 787 MW Solar Project

  • August 21, 2024
  • Staff
  • Solar, Storage

Atlas Renewable Energy, a solar and wind project developer, secured R$1.5 billion (~$274 million) financing for the development of the Luiz Carlos solar complex. The

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DRI Secures $70 Million Financing for 126 MW Solar Project in Romania

JERA Nex Acquires 395 MW Solar Projects from Lightsource bp

  • August 09, 2024
  • Staff
  • Solar

JERA Nex, a renewable energy company headquartered in London and launched by JERA, announced the acquisition of two solar projects with a total capacity of

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Dimension Energy Closes $360 Million Financing for Solar Project Portfolio

Matrix Renewables Secures Financing for 240 MW Solar Projects in Spain

  • August 08, 2024
  • Staff
  • Solar

Matrix Renewables, a global renewable energy company, signed a €50 million (~$54.74 million) green loan with the European Investment Bank (EIB) to support the development

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Raptor Maps Closes $35 Million in Series C Funding

Summit Ridge Energy and HASI Secure Term Loan on Community Solar Portfolio

  • August 08, 2024
  • Staff
  • Solar

Summit Ridge Energy, a community solar project owner and operator, and HASI, an investor in climate solutions, closed a $309 million back-leveraged term loan on

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project finance brief

Scatec Secures Financing for 120 MW Solar Projects in Tunisia

  • August 06, 2024
  • Sohini Aich
  • Solar

Scatec, a renewable energy solutions provider, announced financial closure for the Sidi Bouzid and Tozeur solar projects, which have a total capacity of 120 MW

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DRI Secures $70 Million Financing for 126 MW Solar Project in Romania

ORLEN Group to Acquire 280 MW Solar Project Portfolio in Poland

  • August 06, 2024
  • Staff
  • Solar

ORLEN Wind 3, a subsidiary of the ORLEN Group, entered into a preliminary agreement with EDP Renewables Polska, a renewable energy project developer, to acquire

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Energy Storage Industries Raises $40 Million in Funding for Iron Flow Batteries

Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing

  • July 18, 2024
  • Staff
  • Solar

Leeward Renewable Energy (LRE), a developer of solar, wind, and energy storage projects, announced the closing of a $1.25 billion construction warehouse facility. The warehouse

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Arevon Secures $98 Million for 265 MW Solar Projects

Obton Partners with GSSG Solar to Acquire Solar Projects in Japan

  • July 09, 2024
  • Staff
  • Solar

Obton, a solar and energy storage project developer, announced its joint venture with GSSG Solar, a solar-focused renewable energy investment company, and its affiliates to

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