From: Mercom Capital Group

ENCAVIS, a solar and wind project developer, has announced the closure of a non-recourse project financing of €135 million (~$157.10 million) for the acquisition of the 199 MW Aragón portfolio. The portfolio is in northern Spain near Zaragoza, and consists of three wind projects with a combined capacity of approximately 142 MW and two solar projects totaling 57 MW.

Altus Power, an independent developer, owner, and operator of commercial-scale solar projects, announced the acquisition of 105 MW of solar projects from Cordelio Power, an independent solar, wind, and energy storage power producer. Already under construction, the acquired projects comprise four ground-mounted solar installations across the state of New York.

egg Power, Liberty Global’s investment vehicle to develop, build, own, and operate renewable energy projects, providing low-cost clean energy to customers, secured up to £400 million (~$536 million) in debt financing from NatWest Group to accelerate its development of large-scale renewable energy projects across Europe.

IREDA Global Green Energy Finance IFSC (IGGEFIL), a wholly owned subsidiary of the government-owned lender, Indian Renewable Energy Development Agency, approved its first international green energy loan, marking the formal start of its overseas financing operations. IGGEFIL approved a loan of $22.5 million to Swarna Solar for the development of a 100 MW solar project in the Serenje District of Zambia’s Central Province.

Aquila Clean Energy, a developer of integrated and hybrid clean energy solutions, sold a ready-to-build 50 MW/100 MWh battery energy storage project in Lithuania to Energy Gates, an investment management firm focused on developing large-scale renewable energy projects across the Baltic countries. The battery storage project is designed with a two-hour storage capacity, providing flexible services to the Lithuanian power systems, supporting grid stability, renewable energy integration, and energy security across the Baltic region.

Swift Current Energy, a company that develops, commercializes, owns, and operates utility-scale solar, wind, and energy storage projects, announced the sale of the 150 MW/600 MWh Prospect Power battery storage project. The project is in Rockingham County, Virginia, and was acquired by Elevate Renewables, a renewable energy development company.

Greenbacker, an independent power producer and energy transition-focused investment manager, announced the sale of a 237 MW portfolio of solar and storage projects to Altus Power, a developer, owner, and operator of large-scale solar projects. The portfolio consists of more than 100 projects across 18 states. KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based KeyCorp, served as the exclusive financial advisor to Greenbacker on the transaction.

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.