funding

Energy management software company Cleartrace has secured US$20 million in a financing round to accelerate the growth of its platform.

Australian energy software company Evergen has closed a AU$15 million (US$10.4 million) series B funding round, its largest capital investment to date.

Project financing facility CrossBoundary Energy Access (CBEA) has raised US$25 million to finance solar powered mini-grids in Africa.

US solar and storage developer Agilitas Energy has raised US$350 million of equity investment from fund manager CarVal Investors.

The UN secretary-general, António Guterres, has issued a stark warning concerning the “dismal litany of humanity’s failure to tackle climate disruption” in an speech in which he set out “five critical actions to jumpstart the renewable energy transition”.

Independent power producer (IPP) Cypress Creek Renewables has closed a US$125 million debt facility to fund the expansion of its solar and storage pipeline.

Off-grid solar specialist Sun King has raised US$260 million in a Series D funding round aimed to expand global access to affordable solar energy across Africa and Asia.

US perovskite company Tandem PV has closed on the first half of a US$12 million Series A raise after raising US$6 million for building a pilot manufacturing facility in its headquarters of San Jose, California.

Independent power producer (IPP) Cypress Creek Renewables has closed a US$450 million debt facility to fund the expansion of its solar and energy storage project pipeline in the US.

A round-up of the latest news from the US solar market, including Bridgelink Power receiving a US$200 million loan to finance its utility-scale solar projects, Vistra’s 50MW Texas plant is online and Castillo Engineering to develop 38.25MW community solar projects in New York.