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.
- 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.
- 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.
- 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’.”
To get this and other Cleantech Insights stories delivered weekly to your inbox, sign up for the Inside Cleantech Newsletter: