Viestories Startup News’ Post

𝗕𝗿𝗼𝗼𝗸𝗳𝗶𝗲𝗹𝗱 𝗠𝗮𝗸𝗲𝘀 𝗔𝗻𝗼𝘁𝗵𝗲𝗿 𝗥𝗘 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗜𝗻 𝗜𝗻𝗱𝗶𝗮: 𝗔𝗰𝗾𝘂𝗶𝗿𝗲𝘀 𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗶𝗻𝗴 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗜𝗻 𝗟𝗲𝗮𝗽 𝗚𝗿𝗲𝗲𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗪𝗶𝘁𝗵 𝗢𝘃𝗲𝗿 $𝟮𝟬𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗘𝗾𝘂𝗶𝘁𝘆 ��𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 * Brookfield is investing $200 million to acquire a majority stake in Leap Green Energy  * It may also exercise an option to invest another $350 million as incremental equity  * Leap Green says this investment will enhance its capabilities to expand the platform to exceed 3 GW over the next 5 years  𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐬𝐭𝐨𝐫𝐲 𝐡𝐞𝐫𝐞: https://lnkd.in/eWPckePf #Brookfield #business #india #Investments #LeapGreenEnergy

Buskowitz Group Secures Major Equity Investment from Joint-Venture Fund Backed by PATRIZIA SE and Mitsui & Co Buskowitz Energy Inc., the Philippines’ leading provider of rooftop solar and renewable energy solutions for the commercial and industrial sectors, has secured a significant investment agreement with the APAC Sustainable Infrastructure Fund (A-SIF). Managed by PATRIZIA MBK Fund Management Pty Ltd, a joint venture between Germany’s PATRIZIA SE and Japan’s Mitsui & Co., Ltd., A-SIF is targeting up to US$100 million (PHP5.6 billion) in investments via fund and co-investments in Buskowitz. This investment follows the recent US$36 million project finance facility secured from the Asian Development Bank (ADB) and Philippine National Bank (PNB), positioning Buskowitz for rapid growth. The company […] Read the full story here: https://lnkd.in/dCd7biqR #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #apac #buskowitzenergy #mitsuicoltd #patriziase #philippines #southeastasia #sustainable

𝐈𝐑𝐄𝐃𝐀 𝐩𝐥𝐚𝐧𝐬 ₹4,500 𝐂𝐫. 𝐟𝐮𝐧𝐝𝐫𝐚𝐢𝐬𝐞 𝐯𝐢𝐚 𝐅𝐏𝐎, 𝐐𝐈𝐏, 𝐨𝐭𝐡𝐞𝐫 𝐦𝐨𝐝𝐞𝐬; 𝐛𝐨𝐚𝐫𝐝 𝐭𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐩𝐫𝐨𝐩𝐨𝐬𝐚𝐥 𝐨𝐧 𝐀𝐮𝐠𝐮𝐬𝐭 29 The news talks about Indian Renewable Energy Development Agency (IREDA's) intention to fund ₹4,500 Cr. by using a number of strategies, including a qualified institutional placement (QIP) and a follow-on public offer (FPO). With this money, the IREDA, hopes to expand its operations. On August 29, 2024, the company's board is scheduled to discuss this request for funding. This action is considered a component of IREDA's endeavors to expand its market reach and aid in India's transition to sustainable energy. 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬: Given India's aggressive green energy ambitions, the field of renewable energy finance is growing rapidly, and this expansion of IREDA is expected to be aided by the inflow of funds through FPO, QIP, or other means. Investors may be expecting higher earnings in the future, which would propel the stock upward. 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: IREDA's participation in India's renewable energy policy boosts investor trust because it is an organization supported by the government. Hopes for renewable energy through government policies and incentives may increase in relation to IREDA's shares. 𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧: The IREDA's proposal to raise ₹4,500 Cr. through QIP and FPO is expected to have a conflicting effect on the share price of the firm. Short-term pressure on the stock price could result from the announcement of additional equity issuance diluting the holdings held by current shareholders. On the other hand, the company's long-term financial health and development prospects may be improved if the raised capital is wisely used to support the expansion of renewable energy projects. This might inspire investor confidence and eventually raise the share price. Current Market Price: Rs. 255.3 Market Cap: Rs. 64,264.45 Cr. Rishabh Kale

GREEN GENIUS, part of Modus Group, is set to receive up to €100 million in equity investment from the EBRD to support the company’s renewables expansion plans. The new investment will bolster Green Genius’ strategy to develop over 2 GW of renewable energy capacity across its target markets in the Baltics, Poland, Romania, and more. “Partnering with the EBRD not only supports the company’s climate action initiatives but also strengthens Green Genius’ governance, ESG, and supply chain management policies,” remarked Rokas Bancevičius, CFA, CFO of Green Genius. Tomas Kairys, the EBRD’s Head of the Baltic States, added: “This is a landmark transaction for the EBRD in the Baltic States, exemplifying our commitment to long-term partnerships and continued support for the region." The investment from the EBRD represents the bank’s largest equity commitment to a single company in the Baltic States. “Promoting renewable energy is central to EBRD objectives, and enhancing energy security remains a key priority for the Baltic States,” noted Grzegorz Zielinski, the EBRD’s Head of Energy Europe. “There is no better way to achieve these goals than by partnering with an existing client from our countries of operations, with whom we have successfully delivered numerous projects over the past decade." Green Genius aims to use the new funds to develop and acquire renewable energy projects across its targe markets. Green Genius has developed 2.7 GW of renewable energy projects across Europe and has completed 549 MW to date, including solar, wind, battery, and biomethane solutions. #cleanenergy

💰 Record-Breaking Renewables Investment 💰 Yesterday's International Investment Summit has achieved a record figure of £63 billion for the UK, generating an additional 38,000 jobs. A significant cause for attracting this investment has been the clear commitment to net zero targets, as funding for renewable energy projects has almost doubled. Just one example of this investment is Octopus Energy committing £2billion for renewable energy generation, which will provide 4 new solar PV farms and a 12MW BESS. https://lnkd.in/eNZx68Vm

The impact firm ecoligo has successfully completed an oversubscribed financing round of 11 million euros. This infusion of capital was led by existing investors with the participation of two new investors. Among them: - The Energy Entrepreneurs Growth Fund is an impact fund domiciled in Luxembourg, managed by Triple Jump BV and advised by Persistent Energy. This innovative fund provides catalytic financing for early and growth-stage companies operating in the access to energy ecosystem in Sub-Saharan Africa. Gaia Energy Impact Fund II (GEIF II) is a French venture capital fund focused on impact companies across the energy value chain from emerging markets. GEIF II is managed by Capital Croissance and advised by Gaia Impact. Martin Baart, founder and CEO of ecoligo GmbH, says: “We are proud to have won two additional reputed investment funds of our growth story in the spirit of the global energy transition. In the currently difficult market environment for scale ups, this is a massive success. We are also very pleased that existing shareholders, such as EIT InnoEnergy also participated in this round and demonstrated their continued believe in the company. We and our retail investors have helped many companies to independently cover their energy needs. This motivates both us and our investors.” Frédéric Pfister, Managing Partner of Gaia Impact, says: “We are thrilled to join the ecoligo journey. This decision stems from our deep conviction that private capital have a crucial role to play in providing businesses in developing countries with access to reliable and decarbonized energy. Throughout our due diligence process, we were profoundly impressed by the achievements of the ecoligo team. Their commitment to sustainability and their ability to implement innovative energy solutions are remarkable. By joining ecoligo, we are committed to actively support their mission and accompany them on the continued journey.” “We are delighted to announce our continued support and investment in ecoligo,” says Jan-Henrik Kuhlmann, Head of Direct Investments at Triple Jump. “Their commitment to providing accessible solar solutions in emerging markets for commercial and industrial clients aligns seamlessly with our mission to catalyse the transition towards renewable energy. We believe that this follow on investment will further propel ecoligo towards achieving its ambitious goals and solidify its position as a leader in the renewable energy market. With this latest solidify its position as a leader in the renewable energy market. With this latest investment, ecoligo is poised to expand its reach, accelerate project development, and forge new partnerships to drive even greater impact in the renewable energy sector.” Read more: https://lnkd.in/drzHkx2V #RenewableEnergy #Solar #CleanEnergy #Investment

GOGLA announces that 18 African companies have been selected to participate in the 2nd edition of ELEVATE, an Africa-focused investment readiness programme for locally-owned and managed off-grid solar companies, supported by GET.invest, a European programme which mobilises investments in renewable energy, supported by the European Union, Germany, Norway, the Netherlands, Sweden, and Austria. “Between 2022 and 2023, GOGLA’s Investment Data outcomes indicated an impressive (almost 2x total) increase in the funding being injected into locally-owned businesses in the off-grid solar space. This is a great trajectory being established and we aim to keep the trend going through the next ELEVATE Cohort of companies. There is great potential with the upcoming cohort with a great mix of technologies and impactful business models being scaled across 11 different Sub-Saharan African countries. We hope to contribute significantly to the journeys of these entrepreneurs.”  said Linda Y., Investment Readiness Manager at GOGLA “ELEVATE is an amazing initiative which has opened not only the much-needed funding resources for the growth of Natfort Energy, but also facilitated the forging of priceless relationships with like-minded entrepreneurs from across Africa” said Kudzi Chitiva, CEO and Founder of Natfort Energy, participant in the first ELEVATE cohort, who has since raised USD 250,000. ELEVATE is a complementary service to the GET.invest Finance Readiness Support, recently rolled out after a successful two-year pilot phase initiated in November 2021. “ELEVATE is a great fit with our GET.invest Finance Readiness Support, which assists early-stage locally owned and managed companies in the energy access space in accessing formal finance. Through our close collaboration with the ELEVATE team at GOGLA, we are certain that many more locally owned and managed companies can be empowered to better support under-served populations in sub-Saharan Africa.”, highlighted Michael Franz, Team Leader at GET.invest. Read more: https://lnkd.in/dNvBihiG #RenewableEnergy #Solar #Africa #Funding

Interested in the key developments in sustainability investing? This week features exciting developments, from innovative solar manufacturing partnerships to advances in long-duration energy storage. Here are some of the latest updates on major project announcements, policy developments, and innovative technologies: 🏆 Major project/investment announcements and milestones: 1️⃣ Australian solar company SunDrive has signed an MoU with Trina Solar to establish a joint venture focused on solar manufacturing in Australia. The collaboration will combine Trina's expertise and SunDrive’s copper metallisation technology to produce Australian-made solar panels, creating over 300 jobs and strengthening the domestic supply chain. https://lnkd.in/g6e4YNqM 2️⃣ Specialist climate investment fund Virescent Ventures has completed a A$100 million first close of its second fund, Fund II, securing the support of more than 50 leading public and private investors, including a big four Australian bank. https://lnkd.in/gHC8JMQn 🏫 Policy developments: 3️⃣ The US Department of Energy has announced Australia as an international collaborator on its Long Duration Storage Shot initiative, aiming to reduce the cost of grid-scale energy storage by 90% within the decade. https://lnkd.in/gyxfGw2r 4️⃣ The UK government has launched a Cap and Floor scheme to boost investment in long-duration energy storage (LDES), which includes technologies such as pumped storage hydro, liquid air energy storage, compressed air energy storage and flow batteries. https://lnkd.in/ebEpZaUW 💡 Innovative technologies: 5️⃣ Grid-scale battery manufacturer Energy Storage Industries Asia Pacific has received a A$3 million Queensland government investment to increase its production of iron flow battery electrolytes by 40 million litres per year. https://lnkd.in/gAz6brgu Fraser Thompson Shaun Chau Kumbi Gutsa Michael Robinson Bridget Holloway #Sustainabilitynews #Sustainableinvesting

Two of the biggest global backers of India EQT Group & Temasek have decided to exit their green energy generation company O2 Power. With about a dozen such platforms available in the market, is everyone trying to make hay till the sun shines? New PPAs -- hybrid with storage added to the mix -- have made 17-18% dollar IRRs possible say industry experts. But will potential investors pay the multi billlion dollars enterprise value that the two marquee investors are seeking. What do you think? My story in The Economic Times today. #renewableenergy #solarenergy Hardeep Singh Puri Solar Energy Corporation of India Limited https://lnkd.in/dfqSGzjq

https://lnkd.in/gr6AF38n More cleantech companies fail as fundraising challenges emerge Rising interest rates, competition for funding, and delayed federal support contribute to issues facing the sector - with only one source of income, the sensitivity increases drastically. One needs to work hard on bringing the cost down, and since solar and wind frequently require upgrades of the grids, unforeseen costs of transmission, or batteries, the CAPEX becomes an issue. Small profitable modular flexible power plants is as we at The Oaktree the solution but, there are no silver bullets. #carbonnegative #distributedpowergeneration #PFASFree