Martina Markosyan

Swedish clean energy start-up Smartports has secured around SEK 25 million (USD 2.60m/EUR 2.23m) in public grants to transform already developed parking areas across Sweden into 49 local energy hubs.

India's Solarworld Energy Solutions Ltd (BOM:544532) is forming an equally owned venture with Rays Power Infra to build a 2.4-GW solar cell manufacturing plant in Madhya Pradesh, redirecting proceeds from its initial public offering (IPO) last year to the project.

Finnish renewable energy investor Korkia has secured EUR 10.7 million (USD 12.43m) in new financing to support the development of its international portfolio of renewable energy and energy storage projects.

German real estate investment manager Feldberg Capital has signed a 24-month corporate power purchase agreement (CPPA) with British renewable power supplier Good Energy Group Plc (LON:GOOD) to source 6 GWh of green power from a solar farm in Suffolk, England.

The International Finance Corporation (IFC) has disclosed a proposed senior debt financing of up to USD 40 million (EUR 34.3m) to a fund managed by UK-based climate and impact investor Camco Clean Energy, which lends money to small and mid-sized renewable energy projects across sub-Saharan Africa.

Synera Renewable Energy (SRE), a portfolio company of Stonepeak, said it has signed a corporate power purchase agreement (CPPA) with power services and energy management provider Star Trade related to a portion of the 800-MW Formosa 6 offshore wind project in Taiwan.

Island Green Power has been cleared to build a 500-MW battery energy storage system (BESS) in Scotland, designed to store excess renewable energy and release it when needed, thus supporting grid stability and energy security.

Swiss AI company Jaipur Robotics has raised EUR 4.3 million (USD 4.99m) in a seed funding round to expand its computer vision and automation technology for waste-to-energy (WtE) and other industrial plants, such as cement and biomass facilities.

Swedish energy technology company Rebaba has raised USD 4.6 million (EUR 3.94m) in an oversubscribed seed funding round to scale its energy storage systems made from repurposed electric vehicle (EV) batteries across Europe.

Alinta Energy is looking to bring in an equity partner for the proposed 550-MW Marri wind farm in Western Australia, just months after Singapore’s Sembcorp Industries Ltd (SGX:U96) took over the Australian power and gas company at an enterprise value of AUD 6.5 billion (USD 4.49bn/EUR 4.02bn).