From: Mercom Capital Group

Nadara, an independent power producer, has closed a pan-European refinancing valued at approximately €1.2 billion (~$1.4 billion) for a 1.5 GW portfolio of operating wind and solar assets. The transaction covers 47 renewable energy projects in Italy, the U.K., France, Spain, Sweden, Norway, and Finland. The portfolio comprises 34 onshore wind farms and 13 solar photovoltaic projects. A syndicate of commercial lenders provided the financing. Nadara said the refinancing will increase its financial flexibility and provide a scalable platform to support the continued optimization of its pan-European renewable energy business.

Grenergy, a Spanish clean energy producer, has closed €100 million (~$117.7 million) in senior non-recourse financing, including credit facilities, for its 618 MWh Oviedo standalone battery energy storage project in Spain. Santander and Sumitomo Mitsui Banking Corporation provided financing. Grenergy expects the facility to begin commercial operations in the first half of 2027. Grenergy’s global development portfolio reportedly includes 71 GWh of energy storage capacity and 12 GW of solar capacity at various stages of development.

Energy solutions provider ENGIE India has secured approximately ₹9.82 billion (~$102.29 million) in financing for its 250 MW Khaba Solar Project in Barmer, Rajasthan. The project is being developed through Khaba Renewable Energy Private, a wholly owned subsidiary of ENGIE. The financial closure enables the project to move into its next phase of development, with construction expected to be completed by the third quarter of 2026.

Greenvolt Power, a developer of wind, solar, and battery energy storage projects, and part of the Greenvolt Group, has signed an agreement to sell a 57.47 MW solar project in Hungary to PPC Group, a Greece-based electric power and natural gas company, for a total consideration of €64.2 million (~$73 million). The Kira solar project is located in Királyegyháza in southern Hungary, approximately 180 km from Budapest. The project began commercial operations in July 2024. Greenvolt expects the transaction to close by the end of 2026.

For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.

Read last week’s project finance brief.