Section
Capital Watch
Funding rounds, project finance, M&A, IPOs and asset sales across solar and storage. The desk follows capital flows, valuations and the investors underwriting new capacity.
Vietnam: Solar power company formerly controlled by Dragon Capital raises 320 billion VND in 10-year bonds
BECIS Vietnam has completed a 320 billion VND bond issuance with a 10-year tenor and a 7.4% fixed interest rate. This financing supports the expansion of rooftop solar projects within the BECIS system, marking a significant capital raise for the sector in Vietnam.
South Korea: Ecopro BM Holds Steady with ESS Despite EV Slump... Q3 Operating Profit at 120 Million Won
EcoPro BM reported Q3 operating profit of 12 billion won, with ESS revenue surging 173% quarter-over-quarter to 123.6 billion won. This demonstrates how energy storage and AI data center demand are diversifying revenue streams for battery material manufacturers facing EV market slowdowns.
rPlus Energies Credit Facility Closes at Up to $450M
rPlus Energies closed a $450 million revolving credit facility to support solar and storage projects in the American West. This financing structure provides flexible capital for developers managing multiple projects backed by existing operating assets.
What it takes to finance a battery in Hungary
Hungarian banks discussed how they assess battery storage projects, noting that cash flow predictability is critical for debt sizing. This matters because understanding local lending criteria helps developers structure viable financing for energy storage assets.
China: Orders Exceed Targets but Profits Lag, as Energy Storage Drags Down Siyuan Electric's Q3 Margins
Sieyuan Electric reported that its new order growth exceeded annual targets, yet net profit margins were compressed due to the rising share of lower-margin energy storage products. This highlights the financial impact of shifting product mixes on profitability for major power equipment manufacturers in the energy transition sector.
Changzhou giant worth 110 billion yuan dumps large chunk of solar assets
Trina Solar is in preliminary talks to sell a controlling stake in its mounting structure subsidiary to Shenzhen Nanshan Thermal Power. This move allows the company to consolidate core photovoltaic and energy storage businesses while focusing on AI data center applications.
Egypt’s Nefer Minya Solar Project secures $566 million in financing, including $265 million from EBRD - African Sustainability Matters
The Nefer Minya project has secured a $566 million debt package, with EBRD providing up to $265 million, to develop a 1.2 GW solar plant and 600 MWh battery storage system in Egypt. This financing supports the construction of what is expected to be the largest solar plant in Africa, addressing grid reliability challeng
Lightyears lands $174m from Obayashi, InfraDebt for 300MW solar
Lightyears has secured $174 million in combined funding from Obayashi and InfraDebt to support a 300MW solar development pipeline in New Zealand. This staged financing structure, linked to project milestones, provides a viable model for de-risking renewable energy assets in the region.
Why Is Trina Solar Letting Go of Control of the World's Second-Largest Solar Tracker Manufacturer?
Shenzhen Nande A has announced plans to acquire a 51% to 70% stake in Trina Tracker PV Racking, a subsidiary of Trina Solar. This transaction aims to introduce a strategic partner while Trina Solar focuses on its core photovoltaic and energy storage businesses.
Middle East Power Storage Batteries Await $19 Billion in Investments
The article reports that battery energy storage projects in the Middle East and North Africa require $15 billion to $19 billion in capital expenditures before 2030, with a planned portfolio of 128.6 gigawatt-hours. This highlights the critical need for diverse funding sources and robust risk management strategies to support the region's expanding storage infrastructure.
Germany: German Energy Storage Pioneer Sonnen Files for Bankruptcy, Leaving 150,000 Customers
Sonnen has filed for self-administered insolvency proceedings after being sold by Shell to Tiven. This event highlights the financial risks facing independent storage hardware manufacturers as the market shifts toward standardized components and service-based revenue models.