Battery, smart grid and efficiency companies raise $1.5 bn in VC funding in 2017 – Mercom
In 2017, battery storage, smart grid and energy efficiency companies saw a YoY increase in venture capital funding, garnering a combined US$1.5 billion, up from the $1.3 billion raised in 2016, finds the latest Mercom Capital report.
Jufa buys two PV plants totaling 17 MW in Czech Republic
Through this operation, the Czech investment firm has raised the capacity of its PV power plant portfolio to 69 MW.
Corporate solar funding slips YoY finds Mercom Capital
Total corporate funding in the solar sector has slipped slightly in the first nine months of this year, compared to the same period in 2016 reports Mercom Capital, despite increases in global VC funding and M&A transactions. Some strong quarterly gains were, however, recorded. Downstream remains a key funding focus.
ERG enters solar energy business with acquisition of 89 MW in Italy
The Italian wind energy specialist has acquired 100% of ForVei, a company that owns 30 PV plants across northern, central and southern Italy.
Direct Energie expands further into solar and renewables through acquisition of Quadran
The French power utility, which is also the parent company of the independent power producer Neoen, has made another step into the renewable energy sector. The acquisition price is estimated at around €303 million.
RWE considering sale of minority stake in renewable energy unit Innogy to Engie, report
RWE and Engie could be intertwined soon. According to Reuters, the investment banks of both energy providers are currently examining different options. The article reports that RWE could sell to the French energy giant all of its majority stake in its renewable energy unit Innogy, or a part of it. Reuters cites the investment banks involved in the operation as a source.
Mercom Capital: $3.2 billion total corporate funding for solar raised in Q1
Information published by industry analysts Mercom Capital Group shows that a total of $3.2 billion was raised from 60 deals in the first quarter of 2016. This represents a major increase from the previous quarter, when $1.6 billion was raised in 45 deals.
Solar corporate funding activity increases by 100% in Q1, finds Mercom Capital
Total corporate funding across the global solar industry reached $3.2bn in the first quarter of the year, which is a 100% increase on Q4 2016. This rise is largely due to increased debt financing activity, said Mercom Capital Group CEO Raj Prabhu.
Engie takes full control of solar and wind unit Compagnie du Vent
The French energy giant has acquired 100% of its renewable energy subsidiary Compagnie du Vent. The unit has installed over 500 MW of PV capacity to date.
Engie plans to acquire RWE’s renewable energy unit Innogy, reports
The French energy giant is offering to acquire Innogy, the renewable energy unit of German power provider RWE. Innogy acquired German developer Belectric and its huge solar power plant portfolio in January.
