From: Mercom Capital Group

Emeren Group, a solar project developer, announced the sale of a 65 MWp solar project portfolio to Trina Solar International System Business Unit, Trina Solar’s downstream project development arm. The company did not disclose the financial details of the acquisition. These projects are expected to close in mid-to-late 2025 and have the potential to integrate battery energy storage systems in the future to enhance the operational efficiency of the projects.

CCE Holding, an independent power producer, announced the closing of €24 million (~$24.64 million) in project financing with Commerzbank, a Frankfurt-based bank. The loan will be used to construct a 42 MW solar project located in the municipality of Montalto di Castro in the Italian region of Lazio. The project is expected to be connected to the Italian electricity grid in the summer of 2025.

HA Sustainable Infrastructure Capital, an investor in climate solutions, announced the closing of a structured equity financing with IGS Solar, a solar finance company and an affiliate of IGS Energy, to finance residential solar and energy storage systems in the U.S. HASI’s first equity investment in the partnership is expected to finance the installation of a 71 MW rooftop solar portfolio in 2025. The systems in the portfolio are mainly contracted to homeowners via 25-year leases and are expected to be located across 11 states, primarily focusing on Florida, New Jersey, New York, and Pennsylvania.

The Japan Bank for International Cooperation has signed an agreement to set up a credit line of JPY120 billion (~$770.64 million) with the government-owned Power Finance Corporation. JBIC’s share of the total credit line will be JPY72 billion (~$462.38 million). PFC secured the credit line under JBIC’s Global Action for Reconciling Economic Growth and Environmental Preservation program for India-based energy projects, including renewable and next-generation energy supply, energy-saving power generation, and heat supply.

Alternergy Holdings, a renewable energy project developer based in the Philippines, announced the closing of a PhP1 billion (~$17 million) senior term loan from the Rizal Commercial Banking Corporation (RCBC) for the development and construction of the 28 MW Balsik solar power project in Hermosa in the province of Bataan, Philippines. The loan will be used to construct the project, which is expected to be completed in the second half of 2025.

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.