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December 15, 2017

Deals this week: ESS, Green Energy Technology, Ecoppia

ESS has raised $13m in a series B financing round led by BASF Venture Capital, a company based in Germany.

ESS has raised $13m in a series B financing round led by BASF Venture Capital, a company based in Germany.

Cycle Capital Management, Presidio Partners and InfraPartners Management, and original investors including Pangaea Ventures participated in the financing round.

Based in the US, ESS is engaged in the development and manufacture of energy storage systems.

Green Energy Technology has agreed to raise gross proceeds of up to TW$599.98m ($20m) in a private placement of 39,447,000 shares priced at TW$15.21 ($0.51) a share.

Taiwan-based company Tatung will subscribe to the shares offered under the placement.

The proceeds will be used to strengthen Green Energy’s financial structure, and to develop new technologies such as diamond wired and black wafers with etching.

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Green Energy Technology is a Canada-based company engaged in the manufacture and sale of multi-crystalline solar wafers.

Ecoppia has raised $13m in a venture funding round led by Swarth Group, GlenRock Israel, Gandyr Group, and Harel Insurance Investments and Financial Services.

“Green Energy Technology has agreed to raise gross proceeds of up to TW$599.98m ($20m) in a private placement.”

All the companies involved in the transaction are based in Israel.

Ecoppia develops automatic, water-free and cloud-based photovoltaic (PV) solar panel cleaning solutions.

Rural Electrification Corp (REC) has raised gross proceeds of $400m in a public offering of 3.068% bonds due 2020.

Based in India, REC is engaged in financing and promoting rural electrification projects.

The company has engaged Australia and New Zealand Banking Group, Barclays, Mizuho Bank and Mitsubishi UFJ Financial Group as book runners for the offering.

Better Energy Invest has partnered with NRGi to construct and develop the 51MW Nees solarpower plant in Denmark. Both the companies involved in the transaction are based in Denmark.

The two companies previously partnered to develop the Horslunde solar park on the Danish island of Lolland.

Better Energy Invest is a renewable energy company, while NRGi is engaged in power generation, transmission and distribution.

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