equity finance

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).

Japanese investment firm Mitsui has invested €575 million (US$631.56 million) in common shares from renewable developer Mainstream Renewable Power, bringing its valuation to €2.1 billion after the transaction.

Private equity firm Ares Management is leading an equity investment of up to US$600 million in SB Energy, the SoftBank-owned solar developer.

US commercial and industrial (C&I) PV developer DSD Renewables (DSD) has secured a US$200 million preferred equity investment from Ares Management Corporation to increase its growth.

Mainstream Renewable Power has secured €90 million (US$101.6 million) in equity funding to support the build-out of a multi-gigawatt pipeline across Latin America, Africa and the Asia Pacific region

Canadian Solar has closed a BRL500 million (US$100 million) financing facility to develop a Brazilian solar portfolio claimed to be the country’s largest, while also giving it the option to hold built solar assets for longer.

8minute Solar Energy has bolted a further 3GW of large-scale solar projects onto its pipeline, taking the developer’s tally to more than 18GW.