Business & Finance

PlanetiQ Secures $18.7 Million Series B Financing Round

July 11, 2019 Anand Gupta

PlanetiQ, the high-definition satellite-based weather forecasting and analytics company, announced that it has completed an $18.7 million Series B round of financing. New Science Ventures and AV8 Ventures co-led the investment round with participation from existing and new investors, Valo Ventures, Kodem Growth Partners, Access Venture Partners, Virginia Tech Innovation Fund, Hemisphere Ventures, Service Provider Capital, […]

Business & Finance

Sumitomo Corporation Group Invests In Microgrid Innovator LO3 Energy

July 11, 2019 Anand Gupta

GLOBAL INVESTMENT COMPANY ENTERS ELECTRICITY TRADING PLATFORM BUSINESS NEW YORK: Sumitomo Corporation and Sumitomo Corporation of Americas (together, “Sumitomo Corporation Group”) announced today their investment in LO3 Energy, Inc. (“LO3 Energy”), a U.S.-based developer and operator of blockchain-powered peer-to-peer (P2P) energy platforms. This funding will support LO3 Energy’s commercialization of blockchain-based community microgrids. With the rapid […]

Business & Finance

Energy Capital Partners Acquires Convergent Energy + Power

July 11, 2019 Anand Gupta

NEW YORK: Energy Capital Partners (ECP), a private equity and credit investment firm with ~$19 billion in capital commitments, announced today the final acquisition of Convergent Energy + Power (Convergent), the leading independent developer of energy storage solutions in North America. Since its founding in 2011, Convergent has raised and deployed over $70M of equity […]

Business & Finance

GameChange Solar Closes Financing with Citi to Fund Global Expansion

July 10, 2019 Anand Gupta

NEW YORK: GameChange Solar today announced that it has closed an asset based working capital line of credit to fully fund its growth over the next several years in the US and overseas. The funding commitment was provided by Citi Commercial Banking. GameChange Solar has achieved profitability every year since its inception in 2012, rising to […]

Business & Finance

Positive Energy Ltd. Launched its Renewable Energy Finance Platform

July 10, 2019 Anand Gupta

Simplifying Renewable Energy Finance SINGAPORE: According to the WWF, the whole world could get all the power it needs from renewable resources by 2050, ending our reliance on fossil fuels and other depleting resources – but only if the right political, financial and societal decisions are made, and quickly. Positive Energy Ltd. mission is to […]

Business & Finance

Glennmont to take 25% stake in German offshore wind project

July 2, 2019 Anand Gupta

LONDON: Fund manager Glennmont Partners will take a 25% stake in the Gode Wind 1 project off the coast of Germany, it said on Monday, marking its first investment in offshore wind. London-based Glennmont has 2 billion euros ($2.3 billion) of assets under management and already invests in renewable projects such as onshore wind and […]

Business & Finance

EDF Renewables Inks PPA With NV Energy

July 1, 2019 Anand Gupta

EDF Renewables North America announced the signing of a Power Purchase Agreement with NV Energy for the Arrow Canyon Solar Project. The 200 MW with 75 MW-5hr battery storage project, located in Clark County, Nevada, is expected to begin delivery of clean electricity in December 2022. This transaction demonstrates EDF Renewables’ ability to create customer-centric […]

Business & Finance

Encourage Capital to Bring Clean Energy Financing Solutions to Indian Entrepreneurs With USD $40 Million First Close of New Fund

June 28, 2019 Anand Gupta

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Fund will invest in specialized financial institutions in India that can develop and scale commercial rooftop solar finance solutions, serving an estimated USD $9 billion market opportunity NEW YORK: Encourage Capital, LLC, an impact investment asset manager and advisory firm, today announced the first closing of a new private equity fund, Encourage Solar Finance, L.P. […]

Business & Finance

PACE Equity Deal First in Nation to Combine PACE Funding and an Opportunity Zone Fund

June 28, 2019 Anand Gupta

MILWAUKEE: PACE Equity recently completed funding $4.3 million for the construction of a new Hyatt House hotel in Rochester, Minnesota. It is notably the first Opportunity Zone fund project in the nation to include PACE funding to date. The new federal Opportunity Zone program, part of the December 2017 Tax Cuts and Jobs Act, was established to spark development […]

Business & Finance

Vattenfall issues EUR 500 million green bond

June 17, 2019 Anand Gupta

In line with the company’s investments in fossil-free energy and climate-smart solutions, Vattenfall has for the first time issued a green bond. The size of the bond issue is EUR 500 million, with a tenor of seven years. The bond is the first international issuance under an EMTN programme under Swedish governing law, listed on […]