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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-european-energy-sells-470-mw-solar-and-wind-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
European Energy, a renewable energy project developer, <a href="https://mercomcapital.com/european-energy-sells-470-mw-solar-and-wind-projects-in-lithuania/" target="_blank" rel="noopener">announced</a> that it has entered into an agreement with Energix Group to sell 470 MW of solar and wind capacity in Lithuania. The capacity consists of a wind project with an estimated capacity of approximately 140 MW and a solar project of up to 330 MW. The project is in the pre-ready-to-build stage of development.
Alight, an independent solar power producer, has <a href="https://mercomcapital.com/alight-secures-48-million-financing-for-eurajoki-solar-project/" target="_blank" rel="noopener">secured</a> €46 million (~$48.07 million) of senior debt for its 100 MWp solar project in Eurajoki in Finland. The company signed the financing agreement with the banks ABN AMRO and SEB. The facility agreement for the Eurajoki solar project will be replicated to finance three additional projects in the company’s pipeline in Finland totaling over 200 MWp and amounting to more than €110 million (~$114.95 million) in debt financing.
Adapture Renewables, a utility-scale solar and energy storage project developer, <a href="https://mercomcapital.com/adapture-renewables-secures-321-million-for-solar-project-portfolio/" target="_blank" rel="noopener">secured</a> a $321 million debt facility from Mitsubishi UFJ Financial Group (MUFG), comprising a construction loan and a tax credit bridge loan. The financing will support the construction and development of the company’s Titanium solar portfolio totaling 441 MW spanning three sites across Arkansas and Illinois.
Velto Renewables, a renewable power producer backed by the investment group CDPQ, <a href="https://mercomcapital.com/velto-renewables-to-acquire-renewable-energy-projects-from-q-energy/" target="_blank" rel="noopener">announced</a> a partnership agreement with Q Energy Solutions, a renewable energy company in Europe, to acquire a portfolio of renewable energy projects across different European countries from Q ENERGY over the next years. As the first transaction under this partnership, Velto has acquired a portfolio of solar and wind projects totaling around 130 MW in France.
European Energy, a renewable energy project developer, <a href="https://mercomcapital.com/european-energy-secures-73-million-financing-for-148-mw-solar-project/" target="_blank" rel="noopener">secured</a> €68 million (~$72.79 million) in financing to develop a 148 MW solar project in the Ventspils municipality, Latvia. NIB, Luminor Bank, and NORD/LB have agreed to co-finance the project. Stelo Orienta SIA, a subsidiary of European Energy, is developing the project.
New York-based global alternative asset manager Brookfield Asset Management <a href="https://www.mercomindia.com/brookfield-sells-1-6-gw-renewables-portfolio-in-india-to-gentari" target="_blank" rel="noopener">announced</a> the sale of its 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India in two phases. The first phase, comprising the sale of 1 GW of operating assets, is already complete. It is Brookfield’s first full-cycle portfolio monetization for its renewable power and transition business in India.
Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week&#8217;s project finance <a href="https://www.mercomindia.com/project-finance-brief-smt-energy-secures-bess-project" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: European Energy Sells 470 MW Solar and Wind Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-ib-vogt-solar-project-spain-2/" target="_blank" rel="noopener">Mercom Capital Group</a>
ib vogt, a solar and energy storage project developer, <a href="https://mercomcapital.com/ib-vogt-sells-110-mw-solar-project-in-spain/" target="_blank" rel="noopener">announced</a> the sale of its 110 MW Pato solar project in Spain to NextPower V ESG, an OECD Fund of NextEnergy Capital. Construction of the solar project began in March 2024. The solar project is expected to be commercially operational in the first quarter of 2025 and has a signed power purchase agreement with an industrial innovator.
Alight, an independent solar power producer, announced the financial <a href="https://mercomcapital.com/alight-secures-123-million-debt-financing-for-solar-projects-in-sweden/" target="_blank" rel="noopener">closure</a> of €110 million (~$122.56 million) senior debt portfolio financing with the Dutch lender Rabobank. The funding will be used to build, own, and operate small to medium solar projects (up to 50 MW) with a combined capacity of about 220 MW in Sweden.
The European Investment Bank (EIB) and BNZ, a solar project developer owned by Nuveen Infrastructure, <a href="https://mercomcapital.com/bnz-secures-185-million-green-loan-for-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> the signing of a €166 million (~$184.68 million) green loan to support the development of 17 new solar projects with a combined capacity of more than 700 MW located across Spain, Italy, and Portugal.
Sonnedix, an independent solar power producer, announced the <a href="https://mercomcapital.com/sonnedix-acquires-80-mw-solar-project-in-italy/" target="_blank" rel="noopener">acquisition</a> of an 80 MW solar project in Sicily, Italy, from Blunova, a renewable energy project developer and the sub-holding of Carlo Maresca Group. Following the acquisition, the company will acquire ten operating plants totaling 250 MW from Blunova in Southern Italy.
Arevon Energy, a solar and energy storage project developer, <a href="https://mercomcapital.com/arevon-secures-351-million-financing-for-251-mw-solar-project/" target="_blank" rel="noopener">announced</a> the closing of $351 million financing to build the 251 MWdc Gibson Solar Project, located in Gibson County, Indiana. Construction on the Gibson solar project began last month. The funding consisted of a construction loan from CoBank, Societe Generale, and PNC Bank, along with a letter of credit facility provided by CoBank.
Zelestra (formerly Solarpack), a renewable energy project developer, has <a href="https://www.mercomindia.com/zelestra-closes-146-million-financing-for-453-mw-solar-project-in-rajasthan" target="_blank" rel="noopener">closed</a> a financing package of €132 million (~$146 million) for a 453 MW solar PV project in Gorbea, Rajasthan. The project will supply power to the Solar Energy Corporation of India for 25 years. The financing was signed with HSBC, Credit Agricole, MUFG, and Bank of America.
Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.
Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-atlas-secures-financing-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: ib vogt Sells 110 MW Solar Project in Spain

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