From: Mercom Capital Group

Matrix Renewables, a global renewable energy company, signed a €50 million (~$54.74 million) green loan with the European Investment Bank to support the development and construction of five solar projects in Spain. With a total installed capacity of 240 MW, the projects are located in Castilla y Leon and Extremadura. The projects are expected to reach commercial operations by the end of 2025.

CleanCapital, a mid-market renewables project financing group, announced the acquisition of two fully operational solar projects totaling 13 MW. BQ Energy Development has developed projects that supply clean energy to a local university, healthcare provider, and municipality in upstate New York. Both projects are financed by M&T Bank’s Commercial Equipment Finance Group.

JERA Nex, a renewable energy company headquartered in London and launched by JERA, announced the acquisition of two solar projects with a total capacity of 395 MW from Lightsource bp, a solar and energy storage project developer. The portfolio comprises the 300 MW Oxbow solar project in Louisiana and the 95 MW Happy solar project in Arkansas. Both projects are in commercial operation.

Summit Ridge Energy, a community solar project owner and operator, and HASI, an investor in climate solutions, closed a $309 million back-leveraged term loan on a portfolio of 80 operating community solar projects. Summit Ridge Capital Holdings, a joint venture between Summit Ridge Energy and HASI, owns the projects. The portfolio, built by Summit Ridge over the last five years, includes ground-mount and rooftop community solar projects with a total capacity of 216 MW.

Origis Energy, the provider of a vertically integrated renewable energy platform and a solar project developer, announced the close of $71 million in tax equity financing for the development of the 75 MW Rice Creek Solar project in Florida. The tax equity financing was secured from U.S. Bank subsidiary U.S. Bancorp Impact Finance, a renewable energy investor.

Renewable energy platform Blueleaf Energy announced the financial closure of its 200 MW wind-solar hybrid power project under development in Madhya Pradesh, India. The company has secured around $170 million in financing from Axis Bank for the Pachora hybrid power project and grid access at the Pachora Inter-State Transmission System substation.

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.