Project Finance Brief: EDP Acquires 44 MW Solar Project Portfolio in Brazil
Westbridge sells 332 MW Sunnynook solar project in Alberta
November 13, 2024
From: Mercom Capital Group
EDP, a renewable energy power producer, announced the acquisition of 16 solar projects from Tangipar Group, a solar energy company in Brazil. The projects in Bahia, Mato Grosso, Mato Grosso do Sul, and Paraná, have a total capacity of 44.3 MW. Five of the 16 projects have already been completed, with the remaining ones expected to be operational by 2025. The planned operational capacities include 10.9 MW in Bahia, 12.5 MW in Mato Grosso, 12.9 MW in Mato Grosso do Sul, and 7.7 MW in Paraná.
Westbridge Renewable Energy (Westbridge), a Canada-based solar project developer, announced that it closed the sale of its 75%-owned 332 MWp Sunnynook solar project in Alberta. A subsidiary of METLEN Energy & Metals, formerly known as Mytilineos, acquired the solar project. The Sunnynook project is the second to reach the ready-to-build stage in 2024. METLEN will build the solar project.
SSE Renewables, a developer specializing in renewable energy projects, announced that it has acquired the project development rights for a 120 MW/240 MWh grid-scale battery energy storage system (BESS) in Ireland from Low Carbon, a U.K.-based renewable energy firm. Under the deal, SSE acquired the Thornsberry BESS project in County Offaly from Grid Systems Services, a battery storage project developer owned by Low Carbon.
Eku Energy, an energy storage project developer, announced that it reached financial closure for its 250 MW/500 MWh Williamsdale battery energy storage system located in the Australian Capital Territory (ACT). Tesla will supply Megapack technology for the project. Consolidated Power Projects will supply the Balance of Plant as Eku Energy’s appointed construction partner and Eku Energy will manage the project. The project is a part of the ACT Government’s Big Canberra Battery project, connecting to the Evoenergy electricity distribution network.
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