Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report

<p>From: <a href="https://mercomcapital.com/project-finance-brief-opdenergy-solar-projects-spain/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Opdenergy, an independent renewable energy producer focused on solar photovoltaic and onshore wind technologies, has </strong><a href="https://www.opdenergy.com/en/2021/04/20/opdenergy-mandata-a-bbva-como-banco-asegurador-de-una-financiacion-de-aproximadamente-de-500-millones-de-euros/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> with BBVA the underwriting mandate</strong> for the financing of the development, construction, and commissioning of its backlog project portfolio in Spain, with a total expected installed capacity of approximately 725 MWp and for an amount of close to €500 million (~$601 million) (of which up to €76 million (~$91 million) would be for guarantees linked to the PPAs, and up to €20 million (~$24 million) would be for guarantees related to the reserve accounts. The financing will be structured as long-term project financing.</p>
<p><strong>D.E. Shaw Renewable Investments (DESRI), a provider of cost-effective renewable energy across North America, </strong><a href="https://www.prnewswire.com/news-releases/d-e-shaw-renewable-investments-completes-financing-of-79-megawatt-assembly-solar-iii-project-301271013.html" target="_blank" rel="noopener"><strong>announced</strong></a> <strong>the financial closing of Assembly Solar III,</strong> a 79 MW solar project in Lennon, Michigan. DESRI is moving forward with construction after securing both construction debt and tax equity financing for the project. The Assembly Solar III project is the third phase of the Assembly Solar project in Michigan to begin construction. The projects were developed by Ranger Power, a utility-scale solar developer headquartered, in partnership with DESRI, and are being constructed by McCarthy Building Companies.</p>
<p><strong>Nautilus Solar Energy (Nautilus), an owner-operator of distributed generation and community solar projects located throughout North America, has </strong><a href="https://www.prnewswire.com/news-releases/nautilus-solar-energy-closes-second-community-solar-financing-with-credit-suisse-301274421.html" target="_blank" rel="noopener"><strong>closed</strong></a><strong> a $110 million tax equity commitment </strong>with Credit Suisse. The facility will provide competitive long-term financing for 22 community solar projects across Colorado, Maryland, Minnesota, New York, and Rhode Island, amounting to approximately 75 MWdc of nameplate capacity. All projects in the portfolio are expected to be placed in service in 2021 and early 2022.</p>
<p><strong>Gresham House Energy Storage Fund </strong><a href="https://tinyurl.com/mercomghbh" target="_blank" rel="noopener"><strong>finalized</strong></a><strong> the purchase of the 30 MW/30 MWh Byers Brae battery energy storage system (BESS) in Scotland</strong>. The asset was acquired for a total enterprise value of £15.6 million (~$21.7 million), plus up to £35,000 (~$48,749) of deferred contingent consideration. It was sold by developers Gresham House DevCo Limited and Noriker Power.</p>
<p><strong>The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB)</strong>, the Green Climate Fund (GCF), and Arab Bank <a href="https://www.acwapower.com/news/egypts-largest-solar-plant-kom-ombo-receives-us-114-million-financing-package/" target="_blank" rel="noopener">signed</a> a $114 million financing package with ACWA Power, a developer, investor, co-owner and operator of a portfolio of power projects, for the construction of the development of the Kom Ombo solar project with 200 MW of energy capacity. The package comprises loans of up to $36 million from the EBRD, $18 million from the OPEC Fund, $17.8 million from the AfDB, $23.8 million from the GCF, and $18 million from the Arab Bank. This is in addition to equity bridge loans of up to $14 million from EBRD and $33.5 million from Arab Petroleum Investments Corporation (APICORP).</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week&#8217;s project finance <a href="https://mercomindia.com/project-finance-brief-summit-ridge/" target="_blank" rel="noopener">brief</a>.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/staff/" class="vcard author" rel="author"><span class="fn">Staff</span></a></div><div class="saboxplugin-desc"><div itemprop="description"></div></div><div class="clearfix"></div></div></div>

Project Finance Brief: Opdenergy Secures €500 Million for Solar Projects in Spain

apicrop

Get the most relevant India solar and clean energy news.

RECENT POSTS