US-based independent power producer Enfinity Global has closed €300 million (US$316 million) in equity funding from global alternative asset manager ICG, with another €100 million expected to close within a year.
Colorado-based mini-grid specialist Husk Power has secured more than US$100 million in equity and debt funding aimed to grow its community solar mini-grids in rural sub-Saharan Africa and South Asia.
Norwegian distributed solar marketplace Otovo has secured €120 million (US$130 million) in debt and equity financing to expand its residential solar portfolio across Europe.
US independent power producer (IPP) Silicon Ranch has conducted a US$600 million equity raise, bringing its total funds raised in 2022 to over US$1 billion.
US developer, owner and asset manager Longroad Energy has secured a US$500 million equity investment to support its business model shift from a “develop to sale” strategy to the ownership of renewable projects in the US.
Utility-scale renewables developer Intersect Power has secured US$750 million in funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.
Investment in the off-grid solar sector hit a record US$450 million in 2021, according to the latest report from the Global Off-grid Lighting Association (GOGLA).
