From: Mercom Capital Group

Sunraycer Renewables, a developer, owner, and operator of clean energy power sites, closed a $901 million project financing facility to support three solar and battery storage projects in Texas. The financing was provided by MUFG Bank, Ally Bank, Nomura Securities International, Norddeutsche Landesbank Girozentrale, and Société Générale. Proceeds will support the construction and operation of three projects totaling 479.5 MW of solar generation capacity and 236.5 MW of paired two-hour BESS.

Stafford Capital Partners, an international private markets investment and advisory firm, secured an €89.4 million (~$105 million) refinancing facility for its STAR I solar portfolio in Italy. The portfolio includes 30 operational solar photovoltaic projects across Italy. Its installed capacity is expected to increase from approximately 75 MW to approximately 84 MW upon completion of the optimization program.

Renewable energy solutions provider Sunstream Green Energy completed a ₹7 billion (~$72.67 million) refinancing with State Bank of India for an over-250-MW solar portfolio developed over three years across 17 sites in Maharashtra, India.

OCI Energy, a utility-scale solar and battery storage project developer, and Arava Power, an Israeli utility-scale renewable energy company, have signed a Membership Interest Purchase Agreement for La Salle Solar, a 670 MW solar project in La Salle County, Texas. Under the MIPA agreement, Arava Power will acquire a 50% ownership interest in the project. OCI Energy and Arava Power will jointly finance, construct, own, and operate La Salle Solar.

Enel, through its wholly owned subsidiary Enel Green Power North America, signed an agreement with a U.S. utility to acquire seven operational solar projects. The solar portfolio has a total installed capacity of approximately 270 MW and is expected to generate an average annual output of about 0.4 TWh. The projects are located in Virginia, North Carolina, and South Carolina. Enel said the transaction would mark the group’s first entry into these three states.

J&V Energy Technology, a renewable energy project developer, agreed to acquire a 187 MW portfolio of operational solar projects in Taiwan from a fund managed by Global Infrastructure Partners. The portfolio comprises 42 operational solar projects located across Central and Southern Taiwan, with a combined nameplate capacity of 187 MW.

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

Read last week’s project finance brief.