From: Mercom Capital Group

Capital Dynamics, a global asset management firm, acquired 110 MW solar projects in Italy. Two of the projects in the portfolio were acquired in September 2022 and are expected to reach commercial operations in Q3 2023. The third asset, acquired in March 2023, is scheduled to start construction in Q3 of this year and become operational in 2024.

Pulse Clean Energy, a battery storage developer, acquired 90 MW of battery storage projects in Stafford and Aberdeen, UK. The terms of the acquisition were not disclosed. The projects are scheduled to be commissioned by 2024. The latest acquisition builds on the company’s recent purchase of 72 MW in Manchester and a portfolio of nine existing generation sites across the UK – which are being decommissioned and repurposed as battery storage assets.

Government-owned SJVN has secured a green financing loan of ₹9.15 billion (~$111.2 million) from the Japan Bank for International Cooperation (JBIC) to construct two solar power projects in India. The first project is the 90 MW Omkareshwar Floating Solar Power Project in Madhya Pradesh, and the second is the 100 MW Raghanesda Solar Power Project in Gujarat. The combined estimated cost of these projects is ₹12.9 billion (~$156.5 million).

BluEarth, an independent renewable power producer, has acquired a group of seven wind and solar projects in the U.S. from the renewable energy developer Ozone Renewables. The projects, with a total capacity of about 1 GW, are located in Ohio, Oklahoma, Washington, and Oregon. The deal marks BluEarth’s second acquisition from Ozone.

Spearmint Energy, a green merchant trading company that develops, owns, and operates battery energy storage systems (BESS), has acquired a portfolio of 900 MW BESS assets, collectively known as Nomadic. The Nomadic BESS portfolio comprises three projects, each with a target capacity of 300 MW. It is located in Cooke, Galveston, and Brazoria counties in Texas and has a capacity of up to 900 MW and 2,000 MWh.

Standard Solar, a renewable energy project developer, owner, and financing company, acquired 21 MW of solar projects in New York and Massachusetts from New Leaf Energy, a renewable energy and energy storage developer. The Copicut project in Freetown, Massachusetts, is a single-axis tracker solar plus battery storage project with over 12 MW of solar and 22 MW hours of storage. Upon completion, it will produce 17,924 MW hours of energy annually.

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

Read last week’s project finance brief.