Independent power producer AMPIN Energy Transition has achieved financial closure for a $195 million project finance facility for a power purchase agreement-backed 100 MW wind-solar project with battery energy storage systems in Andhra Pradesh, India. Sumitomo Mitsui Banking Corporation and Rabobank acted as mandated lead arrangers, green loan coordinators, and joint structuring banks.

Hindustan Power, an integrated power producer, has achieved financial closure for its 435 MW solar project in Uttar Pradesh, India, after securing ₹11.35 billion (~$113.5 million) in debt financing from Indian Renewable Energy Development Agency. Hindustan Power is focusing on integrated solar and battery energy storage solutions to strengthen grid reliability, enable renewable energy integration, and accelerate India’s clean energy transition.

Mahindra Susten, the clean-tech arm of the Mahindra Group, has achieved financial closure for its 150.8 MW hybrid renewable energy project being developed under the group captive offtake arrangement in Maharashtra. The project secured financing of ₹8.75 billion (~$91.51 million) from Export Import Bank of India under its Sustainable Finance Program. Gelos Solren, a subsidiary of Mahindra Susten, will execute the hybrid project.

Korkia Semecon Finland Renewables, a joint venture between Korkia and Semecon, has completed the sale of the 125 MW Kukonkylä battery energy storage project in Finland to renewable energy developer and independent power producer Enlight Renewable Energy. The ready-to-build standalone battery storage project, located in Sievi, Northern Ostrobothnia, is among the largest publicly announced battery storage projects in Finland.

PowerBank Corporation, a North American energy company that develops, builds, owns, and operates solar and battery energy storage systems, has executed agreements through its U.S. subsidiary, Abundant Solar Power, to reacquire two community solar projects in New York. The 13.9 MW portfolio comprises the 6.9 MW Highway 28 project and the 7 MW Gainesville project. PowerBank previously sold the projects to an investor as part of a larger transaction announced in January 2025.

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

Read last week’s project finance brief.