Each week our research team tracks cleantech transactions across the globe. This week we recorded 56 investments, 16 M&As, 80 relationships and 11 other news items. Below are some of the highlights. The complete version of the weekly roundup can be found here.
New Investments
- Kingsun Optoelectronic priced its IPO on the Shenzhen Stock Exchange to raise RMB 460 million ($72,064,056).
- Enphase Energy received $7,857,339 from Bay Partners, Kleiner Perkins Caufield & Byers (KPCB), Madrone Capital Partners, RockPort Capital Partners, and Third Point Ventures. This is an expansion to the previous round, in which Enphase raised $14 million. The round is now targeting $81.9 million.
- Solaria received $30,000,000 from CMEA Capital, JP Morgan Bay Area Equity Fund, NGEN Partners, and Sigma Partners. This financing round was disclosed via a regulatory filing.
New Mergers & Acquisitions
- Eurotec WTT was acquired by RWL Water Groupfor an Undisclosed Amount. RWL’s purchase is part of a growth strategy to expand waste-to-energy offerings & provide full-service solutions to middle market customers.
- Solar Power Partners was acquired by NRG Energyfor an Undisclosed Amount. Solar Power Partners will become a part of NRG Solar and add distributed solar project development capabilities to the company.
- Optimum was acquired by Rodenburg Biopolymersfor an Undisclosed Amount. The two companies together will serve the converter and compounder markets alike with biodegradable biopolymers.
New Relationships
- ScottishPower Renewables and DONG Energybecame Project Development partners. The 389MW offshore wind farm near Belfast is a joint venture between Dong Energy and ScottishPower Renewables, to be completed in 2013.
- Vestas Wind Systems and Lindo Industrial Parkhave formed a Development Partnership. Vestas signed a lease agreement with Lindø Industrial Park for the production of its mega 7MW offshore turbines.
- Nanjing Automation and ABBhave formed a Joint Venture. The 51-49 JV (51% owned by Nanjing Automation) will develop smart grid related products and technologies.
Top News
- Innogy Venture Capital: “Innogy Renewables Technology Fund expanded its resources to €115 million ($155 million) following additional investment by its parent, RWE, and Conetwork Erneuerbare Energien (CEE).”
- Google: “Google shuts down its initiative to reduce the cost of clean power, ‘Renewable Energy Cheaper than Coal’.”
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