From: Mercom Capital Group

ACWA Power, a developer, owner, and operator of power generation projects, along with the Water and Electricity Holding Company (Badeel), a wholly owned company of PIF, and Saudi Aramco Power Company, a wholly owned subsidiary of Aramco, has secured $8.2 billion in financing. The funding will be used to develop seven giga-scale projects, comprising five solar projects and two wind energy projects, with a combined capacity of 15 GW.

Premier Energy, an integrated energy provider in Southeastern Europe and a listed company on the Bucharest Stock Exchange, acquired a 100% stake in a ready-to-build battery energy storage project with a planned power input and output of 200 MW and an energy storage capacity of 400 MWh. The company plans to begin the construction of the standalone battery energy storage facility in 2026, with commissioning expected in late 2026 or early 2027.

JP Energie Environnement, a French independent renewable energy producer, secured a €430 million (~$496 million) refinancing for its solar and wind projects. Bpifrance, CIC, Société Générale, and Crédit Agricole Transitions & Energies, alongside the banks of the Crédit Agricole Group, arranged and financed the transaction. The refinancing covers 25 solar projects and 19 wind projects (including one under construction), with a total capacity of 427 MW.

Nofar Energy, an Israeli renewable energy company listed on the Tel Aviv Stock Exchange, secured a €192 million (~$223.05 million) financing package for the development and construction of three solar projects totaling 531 MW in southeastern Romania.

ACCIONA Energía, a renewable energy company that develops, builds, and operates wind, solar, and other clean energy projects, reached an agreement with Cennergi, Exxaro Resource’s wholly owned subsidiary and a renewable energy producer in South Africa, for the sale of its stake in two renewable energy projects located in South Africa totaling 232 MW capacity for an enterprise value of €255 million (~$295 million).

Evcil Group, a Turkish engineering-and-energy company specializing in electrical contracting, renewable energy (especially solar), and construction/engineering services, acquired a portfolio of three solar projects with a combined capacity of 15 MW located in Romania, from an undisclosed seller. Of the three solar projects acquired, two are already operational, while the third is in the ready-to-build stage and has obtained all necessary building permits to begin construction.

Click here for reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors.

Read last week’s project finance brief.