From: Mercom Capital Group
Endesa, through its renewable energy company Enel Green Power Espana (EGPE), has acquired a solar PV portfolio of 519 MW from the Spanish developer Arena Power. The portfolio includes 11 solar projects being developed in the province of Huelva, Spain. The projects forming this cluster are on six sites in the province of Huelva: Palma del Condado, Gibraleón, Trigueros, San Juan del Puerto, Beas and Niebla. Construction is expected to begin in 2022 and be connected to the grid by 2024.
Sonnedix Japan, an independent solar power producer, on behalf of the Sonnedix Group, has completed a JPY 5.45 billion (~$50.16 million) project financing with the Bank of Fukuoka. The financing covers a 14 MW solar PV project acquired in October 2020 from global PV developer X-Elio. The project is located in the Yamaguchi prefecture and has been in commercial operation since June 2020.
Nautilus Solar Energy, a solar project acquisition, development, and asset management company, announced the acquisition of eight community solar projects in Maine totaling 47.2 MW from ISM Solar Development, a developer of large commercial and utility-scale solar projects. The projects, located in Cumberland, Knox, Oxford, and York counties, are expected to start construction in Q3 2021.
Piraeus Bank, continuing its support to National Energy Group, an investor in renewable energy, has financed the acquisition of 70 MW of operational wind and solar projects in Greece from Hellenic Capital Partners.
Capital Dynamics, an independent global private asset management firm, announced that its Clean Energy Infrastructure (CEI) business completed the acquisition of a 100% equity stake in the 50 MW Puerto Real 2 project from WElink Group, a developer of renewable energy projects. The subsidy-free project, located in the town of Puerto Real (Cadiz province) in Southern Spain, will neighbor the 133 MW Puerto Real 1 project. Construction of Puerto Real 2 will commence in March 2021 and is expected to achieve commercial operations in the first quarter of 2022.
Nexamp, a U.S.-based solar energy company, has secured a $440 million senior secured credit facility for its 380 MW of solar and storage portfolio that spreads across five states and includes nearly 100 community solar projects equipped with 120 MWh of storage capacity.
Canadian Solar, a vertically integrated manufacturer of silicon ingots, wafers, and PV cells and modules, has completed the sale of two operational projects totaling 61 MW to the Canadian Solar Infrastructure Fund (CSIF) for JPY 30.6 billion (~$283 million).
For reports and trackers on funding and M&A transactions in solar, energy storage, smart grid, and efficiency sectors, click here.
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Image credit: Endesa