construction sector

Nemetschek Group has signed a strategic memorandum of understanding with the Saudi Green Building Alliance aimed at accelerating the sustainable and digital transformation of the built environment in Saudi Arabia. The agreement signals growing cooperation between international construction software providers and Saudi Arabia's green building sector, supporting the kingdom's broader sustainability and Vision 2030 development agenda.

CleanChoice Energy has closed roughly $166 million in project financing and tax equity to support the development of two solar projects. The deal will fund construction and operation of the installations, adding to the company's portfolio of renewable energy assets. The announcement highlights continued investor appetite for solar financing as demand for clean power projects grows across the United States.

NexGen has concluded an off-take agreement for a solar power project in the Philippines with an affiliate of Japan's Marubeni, according to Renewables Now. The arrangement secures a buyer for the project's electricity output, a key step toward financing and construction. The deal underscores growing Japanese investment in Southeast Asia's renewable energy sector.

Construction technology startup Miter has raised a $40 million Series B funding round led by Battery Ventures. The investment positions the company to scale its software for the construction industry, a sector increasingly targeted by startups digitizing project management and workforce operations. Miter is among a growing wave of construction tech firms attracting significant venture capital as the industry modernizes.

More than $30 million is being invested in a construction research programme focused on greener building methods in Singapore. The funding is aimed at advancing low-carbon construction techniques and sustainable building practices in the sector. It reflects ongoing national efforts to cut emissions from the built environment, which is a significant contributor to Singapore's carbon footprint.

Construction technology startup Miter has raised $40 million in a new funding round, according to an exclusive report by Axios. The company builds software for the construction industry, and the fresh capital positions it to expand its product and grow its customer base. The raise adds to a string of funding rounds for startups targeting the large but traditionally low-tech construction sector.

Danish energy company Ørsted has begun construction on the Blackwater Solar project in New Mexico, while also announcing a new wetland restoration partnership. The move expands Ørsted's renewable energy presence in the United States beyond offshore wind, with the solar project set to add clean power capacity to the region. The wetland initiative signals an effort to pair new development with environmental commitments.

Rezolv Energy has completed financing for the Dama Solar project in Romania, a 1.3-GWp solar installation that ranks among the region's largest renewable energy developments. The funding closure moves the project closer to construction and supports Romania's push to expand solar capacity and reduce reliance on imported energy amid Europe's broader clean energy transition.

Mexico's infrastructure sector saw a busy week, with headline projects including the OMA Solar Park and continued progress on the MegaBachetón program. Mexico Business News rounded up the latest developments in energy and public works, highlighting how solar capacity expansion and large-scale construction works are moving forward and shaping the country's infrastructure agenda.

Yanmar America has selected Vero to provide technology-driven floorplan financing, a move aimed at streamlining how its equipment dealers finance inventory. Floorplan financing lets dealerships borrow against the equipment they hold on their lots, and technology platforms in this space are increasingly seen as a way to cut paperwork and speed dealer operations. Details on the rollout were not immediately disclosed.

The Construction Science Expo has returned to Lansing, Michigan, giving around 450 students hands-on exposure to careers in the construction industry. The event links young people with trades, contractors and training programs as the sector continues to look for new workers. Local coverage highlights the expo as a way to build the next generation of construction professionals in the region.