Fake Renewables and NIE New Energy Sign an Agreement to Acquire 62 MW of Wind and Solar Projects in America
United States (Natural Energy News): Jul Case, a battery tech startup manufacturing stackable energy storage units, landed more than $ 500,000 in funding as part of convertible notes. Using lithium-ion and lead-acid batteries, Joule Case has built a stackable system that can be added or subtracted depending on the amount and duration of energy required. Investors for the latest round of funding include the Kirtsu Forum and Park City Angels.
UK-based solar project developer Luminous Energy announced its financial closure for the 162 MW Colombo Solar Project and its concurrent sale to HANA Financial Investment. CS Energy has signed a long-term purchase agreement (PPA) to purchase 100% of the project's production and make it available to its large commercial and industrial retail customers including Griffith University, CQUniversity, and QUT. The Colombo Solar Project will feature solar technology such as bifacial panels that absorb light from both the sun's back-and-forth and single-axis trackers. Contractors Sterling and Wilson will begin construction this month, and it is scheduled to be completed by the end of next year.
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First State Investment (FSI), a global investor in infrastructure, and Renew Energy Capital Partners (ECP), power and private equity investor, announced that FSI would acquire a 40% stake in Terra-General from ECP Used to be. Terms were not disclosed. Terra-General, based in New York, develops, manufactures, and operates utility-scale wind, solar, energy storage, and geothermal power generation facilities throughout the United States.
German heating and ventilation equipment provider Centrotec signed a purchase agreement to acquire all shares in Switzerland's Pari Group at an initial purchase price of € 6.51 (~ $ 7.69) per share in German PV module manufacturer Sonnenströmbrik, 80% Holds a stake. The company has acquired Pari Group of Switzerland for a total cost of € 43 million (~ $ 50.9 million).
Canadian Solar, a provider of solar PV modules and solar power solutions, announced that its wholly-owned subsidiary, Recurrent Energy, has signed a $ 75 million development loan with Nomura Corporate Funding America. Credit Facility, U.S. And leverages a strong existing pipeline of renewable energy to fund its development activities in Canada.
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Global investment firm The Carlyle Group announced the acquisition of a portfolio of solar development projects in the state of Maine through the newly established affiliate Acadia Renewable Energy from global solar independent power producer BNRG. The portfolio consists of eight solar projects in southern Maine. The projects will sell power to Central Main Power and Versant Power under 20-year power purchase agreements. Once built, the projects are expected to generate 100 megawatts of electricity, enough to supply about 19,000 Maine homes with solar power. Construction on the portfolio started in June 2020 and Q3 is expected to be completed by 2021.
SWTCH Energy has raised C $ 1.1 million (~ $ 0.8 million) to expand its EV charging offerings to metropolitan areas in North America. This new round brings the total amount raised by SWTCH to $ 3.5 million (~ $ 2.7 million) in equity, grants and non-dilutive funding. The round was led by the IBI Group and included Active Impact Investments, Cogito Capital, Export Development Canada and the Ontario Center of Excellence as co-investors.
Fox Renewables and NE New Energy, through Novice Renewables - announced the signing of an agreement with Building Energy to acquire Building Energy Holdings US (BEHUS) - a 51% and 49% owned company, respectively. BEHUS's business includes 62 MW of wind and solar projects, a development and asset management team in the US, and wind project pipelines of up to 160 MW. Novice's 100% subsidiary will acquire all projects and assets for development and other activities of BEHUS for a total purchase price of $ 32.5 million and is subject to the specific price adjustment mechanism of these transactions. The acquisition is subject to the preceding conditions. Closing is expected by the end of the year.
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America's renewable energy developer Longrod Energy, owner, and operator, announced the financial close and commencement of the construction of the Prospero 2 solar project, a 331 MW (DC) project located in Andrews County, Texas. Longrod will continue to own the $ 320 million project, which is expected to come on-line in the second quarter of 2021. Longroad will also manage construction. American Bank is the only tax equity investor in the project. CIT leads the Building and Term Lending Group as the Coordinating Lead Arranger. Zion, Rabobank, HSBC, Commerzbank, Siemens Financial Services and National Australia Bank also participated in the lending group.
A pre-construction capital financier for renewable energy development, Leyin Renewable Capital, has entered into a financing arrangement with a core-solar, a utility-scale solar developer. Under the terms of the deal, Leyline U.S. Will provide development-level capital for the development of 600 MW utility-scale solar projects representing a portion of Core Solar's pipeline.
Sparkmeter, a provider of grid management services, devices and software solutions, announced the closing of its $ 12 million Series A financing. The round was led by Clean Energy Ventures and Breakthrough Energy Ventures, including Goodwell Investments with Alvithia Capital, Total Energy Ventures and other notable investors.
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A fully integrated solar project developer, Renesola, announced the signing of an agreement to acquire certain projects from an undisclosed U.S.-based developer in an all-stock transaction that is receivable, an undisclosed U.S. From a.-Based developer. The deal is expected to close by the end of the third quarter of 2020, subject to customary closing conditions. The acquisition provides Renesa Power with access to utility projects and development activities in several states, including Pennsylvania, California, New York, Maine, Illinois and Arizona.
Marathon Capital has advised Goldman Sachs Renewable Power to sell the High Desert Solar Project (HDSI) on behalf of Middle River Power, the operating and development platform of Avenue Capital. HDSI currently has a 100 MW (AC) solar and 50 MW (AC) battery storage project in San Bernadino County, California. HDSI executed a 15-year power purchase agreement with the Clean Power Alliance for complete project generation, resource adequacy, and ancillary features of the project for delivery in August 2021.
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EnergyX Solutions, a recent graduate from L-Spark and the Creative Destruction Lab (CDL) accelerator programs, raised an additional C $ 1 million (~ $ 0.8 million) in funding for energy efficiency software. The round, which brings to date a total amount of C $ 5 million (~ $ 3.8 million) in equity and non-dilutive financing since its inception in 2016, in the form BDC Capital's Growth and Transition Capital Division (BDC Capital ) Was led by. Of non-dilutive capital. Company U.S. I intends to use the funds to accelerate its expansion.
Helios Infrastructure (Helios), a joint venture between Nationwide and Sol Systems, announced the completion of its project purchase from Cypress Creek Renewables. The $ 200 + million portfolio expands 20 projects in North Carolina, of which 97 MW are operational, and 51 MW are under construction. The portfolio is primarily composed of utility-scale assets selling energy to utilities, municipal customers and universities.
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Pattern Energy Group, the wind and solar project developer, announced that it had completed financing and began construction of its 105-megawatt (DC) Phoenix solar project in Fennin County, Texas. ING Capital provided construction and term project financing, and tax equity was provided by RBC subsidiary RBC Community Investments (RBC). The project is expected to be completed in mid-2021. The project has a 12-year power purchase agreement with Digital Realty.
Soltech Energy Sweden signed an agreement to acquire 60% of the shares in the solar energy company Miljo & Energy Answar Sverige (MEASOL) on September 1, 2020, to be used. Soltech has the option to acquire the remaining 40% of the shares in 2024. The acquisition of MEASOL is an investment in strengthening the group's expertise in power and installation and the creation of new business areas in very fast-growing areas and IMD (Personal Metering and Charging).
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