From: Mercom Capital Group

Origis Energy, a solar project developer, announced $415 million in financing to develop the 145 MW Swift Air solar project in Ector County, Texas. The funding was provided by Natixis Corporate & Investment Banking (CIB) and Advantage Capital. Natixis CIB was the sole coordinating lead arranger, hedging bank, LC issuer, green loan coordinator, and administrative agent for the $290 million construction and term debt financing.

ib vogt, a solar and energy storage project developer, announced an agreement to sell a solar and storage project portfolio to Faria Renewables, a Greece-based renewable energy project developer backed by Omnes Capital’s Capenergie 5 fund and the Faria Group. The portfolio comprises around 780 MWp solar projects and battery energy storage systems, which are in various stages of development.

AES Chile, a subsidiary of U.S. utility company AES, announced the acquisition of the 171 MWp Atacama solar project from Sonnedix, which develops, builds, and operates renewable energy projects. The project is located between the municipalities of Pica and Pozo Almonte in the Tarapacá Region of Chile. The solar project began commercial operation in April 2021 and features 494,640 solar modules and 48 inverters.

Independent power producer Sunsure Energy has secured ₹4.16 billion (~$48.07 million) in long-term debt financing from Aseem Infrastructure Finance to develop a 150 MW open access solar park in Solapur, Maharashtra. The project’s first phase is operational, supplying clean energy to industrial customers. The full capacity is scheduled for completion by March 2025.

Linea Energy, a renewable energy project developer sponsored by EnCap Investments, announced the closing of debt financing for its 109 MWdc Pineview solar project in Wilcox County, Georgia. The funding comprises a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. First Citizens Bank and Norddeutsche Landesbank Girozentrale led a consortium of lenders that provided the funding. The company did not disclose the amount of the project debt financing.

X-ELIO, a Brookfield-owned renewable energy project developer, announced an agreement with Tion Renewables, a Munich-based renewable energy power producer, to sell a 50 MW solar project in the province of Almeria in southern Spain. The company did not disclose the financial details of the acquisition. The transaction is subject to customary closing conditions and is expected to close by the beginning of February.

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.