Sponge Cities: China’s $300 billion investment plan for green stormwater infrastructure

  • Soak up the rain... China has been on a path to create about 30 “sponge cities” to absorb, store and purify rainwater to deal with both floods and water shortages.
  • Ambitious plans... By 2030, China aims to have 80 percent of urban areas across the country behave like sponges.
  • Real money... The cumulative investment in sponge city projects could reach 1.9 trillion yuan [$300 billion USD] by the end of 2020.

Wunder Capital raises $112 million to scale US commercial solar financing

  • Debt and equity… Wunder’s $11 million Series B equity financing was led by Cyrus Capital Partners, and included Techstars Ventures. Cyrus also provided $100 million in debt to Wunder.
  • US solar finance... Mosaic, a California-based solar financing company that provides residential rooftop solar installations via companies selling home solar products, raised $220 million in 2016.

Redaptive raises $20 million for building energy efficiency-as-a-service

  • Size matters… Redaptive’s platform is designed for large property owners with millions of square feet of real estate holdings.
  • Energy savings… Redaptive has about $200 million in contracts in the works, which it says could save over 400 million kilowatt-hours of energy.
  • Real estate investor CBRE Group... led Redaptive’s $20 million funding round. ENGIE New Ventures, GXP Investments, and Linse Capital also participated.