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<p><strong>Naked Energy, a provider of solar thermal and solar PVT solutions, <a href="https://cms.mercomindia.com/naked-energy-raises-series-b-funding/" target="_blank" rel="noopener">secured</a> £17 million (~$22.06 million) in a Series B funding round</strong> led by E.ON Energy Infrastructure Solutions (E.ON EIS), a provider of integrated, sustainable energy solutions for cities and industries. The series was supported by co-investment from existing investor Barclays through its Sustainable Impact Capital. The partnership between E.ON and Naked Energy is expected to facilitate the provision of Naked Energy’s technology through a “Heat-As-A-Service” model to a global client base.</p>
<p><strong>Canada-based Brookfield Asset Management has <a href="https://www.mercomindia.com/brookfield-investment-leap-green-energy" target="_blank" rel="noopener">announced</a> an equity investment in Leap Green Energy</strong>, a renewable energy company based in Tamil Nadu, India. The initial commitment includes an equity investment of over $200 million, comprising the subscription of new shares and the acquisition of shares from existing shareholders. Under the terms of the definitive strategic investment agreements, Brookfield has acquired a majority controlling stake in Leap Green. This partnership aims to enhance Leap Green’s capabilities and expand the platform’s capacity to over 3 GW within the next four to five years.</p>
<p><strong>Jupiter International, a manufacturer of photovoltaic solar cells and provider of solar power solutions in India, has </strong><a href="https://www.mercomindia.com/jupiter-3-billion-valuequest" target="_blank" rel="noopener"><strong>received</strong></a><strong> an investment</strong> of ₹3 billion (~$35.89 million) from ValueQuest S.C.A.L.E. private equity fund. Jupiter aims to establish a 1.8 GW solar cell and 1.2 GW solar module manufacturing facility with this funding. The company has formed a joint venture with AmpIn Energy to develop an integrated solar cell and module capacity of 1.2 GW each</p>
<p><strong>epilot, a software-based smart grid solutions provider, </strong><a href="https://cms.mercomindia.com/smart-grid-cloud-solutions-startup-epilot-raises-11-million/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €10 million (~$11 million) from Expedition Growth Capital, a London-based venture Capital Firm.</strong> The company will use the funding to expand its team. epilot provides software that utilities can use to standardize and automate sales processes for new renewable energy products. According to the company, grid operators can also use the software to reduce bottlenecks in workflows and connect more customers to renewable energy systems at home.</p>
<p><strong>Galileo, a European platform focused on renewable energy development and investment, has <a href="https://cms.mercomindia.com/galileo-acquires-solar-developer-pagra/" target="_blank" rel="noopener">announced</a> the acquisition</strong> of an additional 65% stake in Pagra, a company specializing in solar PV rooftop installations. Having initially secured a 35% minority stake in July 2022, Galileo now fully owns Pagra, aiming to accelerate the company&#8217;s growth strategy.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-ma-roundup-liontown-resources-secures-250-million/" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: Naked Energy Raises $22 Million


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					</table><p>From: <a href="https://mercomcapital.com/funding-ma-roundup-liontown-resources-secures-250-million/" target="_blank" rel="noopener"><strong>Mercom Capital Group</strong></a></p>
<p><strong>Naked Energy, a provider of solar thermal and solar PVT solutions, </strong><a href="https://mercomcapital.com/naked-energy-raises-series-b-funding/"><strong>secured</strong></a><strong> £17 million (~$22.06 million) in a Series B funding round</strong> led by E.ON Energy Infrastructure Solutions (E.ON EIS), a provider of integrated, sustainable energy solutions for cities and industries. The series was supported by co-investment from existing investor Barclays through its Sustainable Impact Capital. The partnership between E.ON and Naked Energy is expected to facilitate the provision of Naked Energy’s technology through a “Heat-As-A-Service” model to a global client base.</p>
<p><strong>Canada-based Brookfield Asset Management has </strong><a href="https://www.mercomindia.com/brookfield-investment-leap-green-energy"><strong>announced</strong></a><strong> an equity investment in Leap Green Energy</strong>, a renewable energy company based in Tamil Nadu, India. The initial commitment includes an equity investment of over $200 million, comprising the subscription of new shares and the acquisition of shares from existing shareholders. Under the terms of the definitive strategic investment agreements, Brookfield has acquired a majority controlling stake in Leap Green. This partnership aims to enhance Leap Green’s capabilities and expand the platform’s capacity to over 3 GW within the next four to five years.</p>
<p><strong>Jupiter International, a manufacturer of photovoltaic solar cells and provider of solar power solutions in India, has </strong><a href="https://www.mercomindia.com/jupiter-3-billion-valuequest"><strong>received</strong></a><strong> an investment</strong> of ₹3 billion (~$35.89 million) from ValueQuest S.C.A.L.E. private equity fund. Jupiter aims to establish a 1.8 GW solar cell and 1.2 GW solar module manufacturing facility with this funding. The company has formed a joint venture with AmpIn Energy to develop an integrated solar cell and module capacity of 1.2 GW each</p>
<p><strong>epilot, a software-based smart grid solutions provider, </strong><a href="https://mercomcapital.com/smart-grid-cloud-solutions-startup-epilot-raises-11-million/"><strong>secured</strong></a><strong> €10 million (~$11 million) from Expedition Growth Capital, a London-based venture Capital Firm.</strong> The company will use the funding to expand its team. epilot provides software that utilities can use to standardize and automate sales processes for new renewable energy products. According to the company, grid operators can also use the software to reduce bottlenecks in workflows and connect more customers to renewable energy systems at home.</p>
<p><strong>GALILEO, a European platform focused on renewable energy development and investment, has </strong><a href="https://mercomcapital.com/galileo-acquires-solar-developer-pagra/"><strong>announced</strong></a><strong> the acquisition</strong> of an additional 65% stake in PAGRA, a company specializing in solar PV rooftop installations. Having initially secured a 35% minority stake in July 2022, GALILEO now fully owns PAGRA, aiming to accelerate the company&#8217;s growth strategy.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/">here</a>.</p>
<p>Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-liontown-resources-secures-250-million">roundup</a>.</p>



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					</table><p>Canada-based <a href="https://www.brookfield.com/" target="_blank" rel="noopener">Brookfield Asset Management</a> has announced an equity investment in <a href="http://www.leapgreenenergy.com/" target="_blank" rel="noopener">Leap Green Energy</a>, a renewable energy company based in Tamil Nadu, India. The initial commitment includes an equity investment of over $200 million, comprising the subscription of new shares and the acquisition of shares from existing shareholders.</p>
<p>Under the terms of the definitive strategic investment agreements, Brookfield has acquired a majority controlling stake in Leap Green.</p>
<p>Brookfield said it has the option to inject a further $350 million of incremental equity capital to support Leap Green&#8217;s future growth ambitions.</p>
<p>This partnership aims to enhance Leap Green&#8217;s capabilities and expand the platform&#8217;s capacity to over 3 GW within the next four to five years.</p>
<p>Brookfield&#8217;s investment will be channeled through the Brookfield Global Transition Fund I, which according to the company aligns with its strategy of investing in projects that accelerate the global shift to a net-zero carbon economy while ensuring risk-adjusted solid returns for investors.</p>
<p>The capital invested in Leap Green will drive the platform&#8217;s growth in India&#8217;s rapidly expanding C&amp;I segment. Tamil Nadu remains a key target area for Leap Green with a total addressable and growing renewable commercial and industrial (C&amp;I) market of approximately 20 GW.</p>
<p>Nawal Saini, Managing Director, Head of Renewable Power &amp; Transition, South Asia and the Middle East, Brookfield, said, &#8220;We are pleased to partner with Leap Green and look forward to supporting them in their growth ambitions. Our partnership provides an important opportunity to meet the demand in the C&amp;I segment and deliver outcomes where decarbonization and value creation are in total alignment. We remain committed to helping corporates in reducing their carbon footprint and positively impacting the environment.&#8221;</p>
<p>In May, Brookfield <a href="https://www.mercomindia.com/brookfield-microsoft-ai-demand/" target="_blank" rel="noopener">signed</a> a global framework agreement with Microsoft to develop over 10.5 GW of new renewable power capacity, such as wind and solar farms, by 2030, as energy-intensive data centers powering artificial intelligence are expected to drive up electricity demand.</p>
<p>Last year,  Brookfield Renewable Partners <a href="https://www.mercomindia.com/totalenergies-adani-brookfield-top-global-solar-developers" target="_blank" rel="noopener">emerged</a> as one of the leading global large-scale solar photovoltaic project developers in Mercom Capital Group&#8217;s Leading Global Large-Scale Solar PV Developers report.</p>


Brookfield Announces $200 Million Investment in Leap Green Energy

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