From: Mercom Capital Group

Earthrise Energy, an independent renewable energy power producer, announced the closing of a $360 million financing package to support the continued development of the company’s co-located solar project portfolio. The facility will also refinance its existing thermal portfolio debt. The co-located solar project portfolio is expected to add over 1.7 GW of renewable electricity to the grid through projects.

Econergy Renewable Energy, an independent renewable energy power producer, signed a €40.5 million (~$47 million) project finance agreement with UniCredit Bank for its 87 MW Oradea solar project in the Crișana region in north-west Romania. The project has been fully connected to the grid and has been generating revenue since August 2025. The financing package will be used to refinance the loans that funded the project’s construction, among other purposes.

Zelestra, a renewable energy project developer, entered into an agreement for the sale of its Latin America platform to Promigas, a multi-energy company based in Colombia. The platform consists of a total portfolio of more than 2.1 GW of solar and battery energy storage systems capacity with 19 projects in advanced development, located in Colombia, Peru, and Chile, and 1.4 GW contracted with customers.

MOL, an integrated Central-Eastern European oil and gas company headquartered in Hungary, entered into a sale and purchase agreement to acquire Polsolar Kft, holding a portfolio of solar projects with a total capacity of 304 MW in Hungary. The portfolio, located near Mezőcsát in Eastern Hungary, comprises five fully operational solar projects. These projects operate under the KÁT feed-in tariff system in Hungary, with KÁT licenses in place until 2048.

WBS Power, a renewable energy project developer, announced the sale of Project Jupiter, which includes a 500 MW/2,000 MWh battery energy storage system and up to 150 MW of solar capacity, located on a former airfield in Brandenburg, Germany. Prime Capital, acting on behalf of its Prime Green Energy Infrastructure Fund II, acquired the project.

Capital Dynamics, a private asset management firm, acquired a portfolio of two solar projects totaling an installed capacity of at least 121 MW in the UK from BayWa r.e. and Grune Energien. The portfolio comprises the 77 MWp Clump farm located in Leicestershire and the 44 MWp Yanel Solar farm situated in North Somerset. The projects are scheduled to commence construction in 2026.

Novar, a developer of integrated green energy systems, has signed an agreement to acquire a portfolio of four solar PV projects from LC Energy. Located in the Netherlands, the portfolio consists of the projects Woudbloem, Veenweg Ter Apel 2, Amerongerwetering, and Magdalenahoeve, with a total capacity of 108 MWp. The acquisition is expected to strengthen Novar’s position in large-scale solar development and smart energy integration in the Netherlands.

Saxovent Renewables, a developer of solar, wind, and energy storage projects, acquired an 81.8 MWp solar project in Mecklenburg-Vorpommern, Germany, from Milvio Energy, a Hamburg-based renewable energy project developer. The construction-ready ground-mounted project is located south of Rostock. It has an existing EEG subsidy for 20 MWp and additional potential for integrating a battery energy storage system.

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.