Finance and M&A

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Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Solar tracker manufacturer Array Technologies swung to profit in the third quarter (Q3) of 2022 on the back of strong growth in sales volume and prices. The company’s...

November 9, 2022

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Sumit Jha

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Finance and M&A

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Solar
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Project Finance Brief: Allianz Capital Partners Acquires 147 MW Solar Project

From: Mercom Capital Group Allianz Capital Partners, an asset manager, acquired the 147 MW Galloway 2 Solar Project from Avantus (formerly 8minute), an independent solar...

November 9, 2022

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Staff

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Finance and M&A

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Solar
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Adani New Industries Q2 Revenue Down Marginally at ₹6.13 Billion

Adani New Industries (ANIL) Ecosystem, a wholly-owned subsidiary of Adani Enterprises, posted revenue of ₹6.13 billion (~$74.77 million) in the second quarter (Q2) of...

November 8, 2022

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Rakesh Ranjan

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Finance and M&A

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Solar
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Wacker Group’s Polysilicon Segment Sales in Q3 Grew By 51% YoY

Munich-based chemical conglomerate Wacker Chemie AG’s third quarter (Q3) net income came in at €259 million (~$258.5 million), down 2.2% year-over-year (YoY) due to...

November 8, 2022

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Gourav Mishra

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Finance and M&A

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Solar
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Residential Solar Company SolarSquare Raises $12.8 Million Series A Funding

Mumbai-based rooftop solar start-up SolarSquare has raised ₹1 billion ($12.8 million) as part of its series A funding round led by Elevation Capital and U.S.-based...

November 4, 2022

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Gautamee Hazarika

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Finance and M&A

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Solar
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Rewa Ultra Mega Solar’s 300 MW Floating Solar Tender Oversubscribed by 700 MW

The Rewa Ultra Mega Solar Limited’s (RUMSL) tender to develop 300 MW of floating solar projects (Phase II) at the Omkareshwar reservoir in Madhya Pradesh has been...

October 31, 2022

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Arjun Joshi

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Finance and M&A

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Solar
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Project Finance Brief: GridStor Acquires 2 GWh of Energy Storage Projects

From: Mercom Capital Group GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a portfolio of storage...

November 2, 2022

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Sohini Aich

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Finance and M&A

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Solar
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Tata Power’s Renewables Business Revenue Up 7% YoY in Q2 FY23

Tata Power reported a profit of ₹18.19 billion (~$220.89 million) in 1H FY 2023, registering a growth of 87% over the same period a year ago. For Q2 FY 2023, profit...

October 28, 2022

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Rakesh Ranjan

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Finance and M&A

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Solar
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ADB Approves $18 Million for Bhutan’s First Utility-Scale Solar Power Project

Bhutan is set to get its first utility-scale solar photovoltaic (PV) power project, with the Asian Development Bank (ADB) approving financing of $18.26 million for its...

October 28, 2022

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Gourav Mishra

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Finance and M&A

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Solar

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Utility Scale
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ENGIE Acquires 6 GW Solar and Battery Storage Capacity in the US

France-based energy firm ENGIE has acquired a 6 GW portfolio of solar, paired storage, and standalone battery storage capacity from Belltown Power to add to its...

October 28, 2022

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Gourav Mishra

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Finance and M&A

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Solar
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SJVN to Develop 1 GW of Floating Solar Projects in Assam

SJVN Green Energy, a wholly-owned subsidiary of SJVN, has signed a memorandum of understanding (MoU) with the Assam Power Distribution Company (APDCL) to invest ₹60...

October 21, 2022

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Gautamee Hazarika

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Finance and M&A

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Floating Solar

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Solar
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Corporate Funding for Solar Down 18% YoY with $18.7 Billion in 9M 2022

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector in the first nine months (9M) 2022 stood at $18.7...

October 17, 2022

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Arjun Joshi

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Finance and M&A

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Mercom Research Focus
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Funding and M&A Roundup: Yellow Door Energy Closes $400 Million Equity Funding Round

From: Mercom Capital Group Yellow Door Energy (YDE), a UAE-based solar developer, announced the closing of $400 million equity to continue its development of sustainable...

October 19, 2022

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Staff

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Finance and M&A

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Solar
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ClimateRock, EEW Form New Entity to Operate Solar Projects in Europe, UK, and Australia

ClimateRock, a special purpose acquisition (SPAC) and investment firm, and Eco Energy World (EEW), an independent global developer of utility-scale solar photovoltaic...

October 7, 2022

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Gourav Mishra

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Finance and M&A

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Solar
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Orb Energy Secures $20 Million to Develop 25 MW Solar Park and Rooftop Solar Projects

Orb Energy, a vertically integrated provider of solar energy solutions in India, announced it had received a $20 million follow-on loan for a tenor of up to 10 years...

October 6, 2022

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Gautamee Hazarika

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Finance and M&A

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Solar

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