rPlus Energies

Leeward Renewable Energy secures warehouse facility financing

OnePlanet Raises $7 Million in Seed Funding

Project Finance Brief: Intersect Power Secures $837 Million in Project Financing

July 24
Sohini Aich
Solar, Storage

Intersect Power, a utility-scale solar project developer, announced closing two separate transactions representing an aggregate of $837 million in financing commitments for constructing and operating

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

rPlus Energies Secures Over $1B Debt Financing for Solar and Storage Project

July 18
Staff
Solar, Storage

rPlus Energies (rPlus), a solar and energy storage project developer, secured over $1 billion in construction debt financing for its Green River Energy Center, which

Solar Sector Sees $4.8 Billion in Corporate Funding in Q1 2025

Matrix Renewables Acquires Controlling Stake in a 261 MW Solar Project

August 08
Sohini Aich
Solar

Matrix Renewables, the TPG Rise-backed renewable energy platform, acquired a controlling interest in the 261 MW Pleasant Valley Solar Project from rPlus Energies in Idaho.