Residential solar co Sunergy to listing on Nasdaq via SPAC
US domestic solar company Sunergy Renewables LLC is readied to go public on Nasdaq through a merger with a special purpose acquisition company (SPAC) created by investment firm Energy Spectrum Capital, with the awaited USD 65 million (EUR 59.2 m) in purchase proceeds to be made use of to money procedures and development.
Apr 20, 2023 // Residential, nasdaq, SPAC, Sunergy
SES completes merger with 'Ivanhoe' to finish SPAC listing at NYSE
The Liquid Metal technology battery maker hopes to see business growth quickly. SES was founded in 2012 and also quickly became an integrated Li-Metal battery supplier with strong capabilities in material, cell, module, AI-powered security algorithms and also recycling.
Feb 7, 2022 // Storage, electric vehicle, EV, Lithium ion, acquisition, SPAC, Ivanhoe, SES, SES AI Corporation
Energy Vault declares 100MWh gravity storage space project in China will begin building and construction in Q2
A 100MWh gravity-based energy storage system established by Energy Vault is expected to begin building and construction in China in the second quarter of this year, the Swiss-American startup has actually claimed.
Feb 4, 2022 // Storage, China, Asia, investment, startup, Energy Vault, project news, nyse, SPAC, gravity energy storage, licensing
ReNew Power completes business mix and begins trading on the NASDAQ
Indian independent power manufacturer (IPP) ReNew Power has completed its planned company mix with RMG Acquisition Corporation (RMG II) and has today started trading on the NASDAQ.
Aug 24, 2021 // Markets & Finance News, India, IPO, Asia, ReNew Power, Sumant Sinha, nasdaq, SPAC, Robert Mancini
ReNew Power finishes merger with SPAC RMG II
RMG Acquisition Corporation II's investors have actually elected to approve its mix with Indian independent power producer (IPP) ReNew Power.
Aug 17, 2021 // Markets & Finance News, India, Asia, ReNew Power, SPAC, ReNew Energy Global, RMG Acquisition Corporation II, RMG II
SPAC files SEC create in connection with Atlas Power merger
Special-purpose acquisition company (SPAC) CBRE Acquisition Holdings (CBHA) has actually filed Form S-4 with the US Securities as well as Exchange Commission (SEC) regarding its merger with solar developer Atlas Power.
Aug 14, 2021 // Markets & Finance News, USA, mergers and acquisitions, Atlas Renewable Energy, North America, SPAC, sec
ReNew Power Makes First Hydro Acquisition, Includes 359 MW Acquisitions
The two acquisitions include a 99MW hydropower project in Uttarakhand, and a 260 MW/330MWp solar projects in Telangana The firm remains to construct its possessions pipe, with key success already under its belt from solar tenders in 2021.
Aug 11, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, ReNew Power, Sumant Sinha, SPAC, L&T Uttranchal Hydropower Limited, SBHEP, Singoli Bhatwari hydroelectric project
C&I solar and also storage space installer Altus Power to go public through US$ 1.58 bn SPAC bargain
Altus Power is merging with an unique purpose acquisition firm (SPAC) in a transaction that values the commercial and industrial (C&I) solar and storage programmer at US$ 1.58 billion.
Jul 15, 2021 // Commercial, Markets & Finance News, Storage, Altus Power, blackstone, SPAC, Rob Horn
Norwegian Li-ion Battery Major Freyr Gets Govt Grant To Scale Up
Norway's Freyr battery (no connection to solar EPC Freyr Energy Solutions in India) has received a grant from Norway's ministry of climate as well as atmosphere, through Enova SF, of NOK-142-million (Rs 1300 crores) to start service a clean battery cell production plant in Mo i Rana, Nordland region. Freyr AS has actually set a target of ending up being a leading battery supplier in Europe, with a 40 GW/h capacity by 2025.
Mar 4, 2021 // Storage, Europe, Norway, ReNew Power, Li-ion Battery, SPAC, EV subsidy, Freyr battery
India's ReNew Power to detail on Nasdaq adhering to US$ 8bn handle US SPAC
Independent power producer ReNew Power has consented to go public through a merger with RMG Acquisition Company II, a United States unique objective acquisition firm (SPAC), in an offer that values the combined entity at US$ 8 billion.
Feb 26, 2021 // Markets & Finance News, BlackRock, IPP, India, Asia, ReNew Power, Independent Power Producer, Sumant Sinha, nasdaq, SPAC, merger, Bob Mancini
Chamath Palihapitiya's SPAC for Sunlight Financial is an additional sign of a renewables boom
Former Facebook staff member as well as present enfant terrible of high money Chamath Palihapitiya is making news again with a $1.3 billion twofer SPAC and PIPE deal into the solar power financing business, Sunlight Financial.
Jan 26, 2021 // Markets & Finance News, BlackRock, Facebook, Chamath Palihapitiya, SPAC, Sunlight Financial, Franklin Templeton, Alex Wilhelm