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ACME, Patel Infrastructure Win NHPC’s 1 GWh Battery Energy Storage Auction

Bihar Commission Approves Tariffs for 238 MW Solar Projects Under KUSUM


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					</table><p><strong>From: <a href="https://mercomcapital.com/project-finance-brief-nexwell-power-acquires-248-mw-solar-project-portfolio/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Nexwell Power, a Nexwell Group institutional-grade platform focused on accelerating the energy transition, </strong><a href="https://mercomcapital.com/nexwell-power-acquires-248-mw-solar-project-portfolio/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of a 248 MW solar project</strong> portfolio from Q ENERGY, a renewable energy company headquartered in Berlin and an affiliate of the Hanwha Group. The portfolio comprises seven solar projects located across the regions of Andalusia and Aragon in Spain. Currently, four of the solar projects are under construction and are expected to begin operation in early 2026.</p>
<p><strong>Dimension Energy, a community solar developer, owner, and operator, </strong><a href="https://mercomcapital.com/dimension-energy-closes-360-million-financing-for-solar-project-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $360 million in construction and term financing to support the development of a portfolio</strong> of 28 community solar projects totaling 112 MWdc located in New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania. First Citizens Bank acted as lead debt syndicator alongside ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Advantage Capital provided $170 million in tax equity.</p>
<p><strong>Peak Energy, an Asia-based renewable energy project developer, </strong><a href="https://mercomcapital.com/peak-energy-acquires-48-mw-solar-project-portfolio-in-japan/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the completion of the acquisition of a portfolio of ready-to-build high-voltage solar projects totaling 48 MW</strong> of capacity in Japan, located across various regions of the country, including Tokyo and Tohoku. The solar projects are expected to reach commercial operations progressively over 2026-2027. Once operational, the portfolio is expected to produce approximately 60 GWh of zero-carbon electricity annually.</p>
<p><strong>European Energy, a renewable energy project developer, </strong><a href="https://mercomcapital.com/european-energy-secures-over-80-million-financing-for-solar-projects/" target="_blank" rel="noopener"><strong>reached</strong></a><strong> financial closure of more than €70 million (~$80.72 million) to support the development and construction</strong> of two utility-scale solar projects in Australia. The financing will be used for the development of the 106 MW Lancaster solar project, currently under construction in Victoria, and the 31 MW Mulwala solar project, located in New South Wales. The construction of the Mulwala project is expected to begin in the third quarter of 2025.</p>
<p>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.</p>
<p>Read last week&#8217;s project finance <a href="https://mercomcapital.com/project-finance-brief-scatec-solar-storage-project-egypt/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Nexwell Power Acquires 248 MW Solar Project Portfolio


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-dri-acquires-solar-project-italy/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>DRI, a renewable energy company based in Amsterdam and a subsidiary of the DTEK Group, has </strong><a href="https://mercomcapital.com/dri-acquires-166-mw-solar-project-portfolio-in-italy/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the signing and completion of a purchase agreement to develop a 166 MWp</strong> solar portfolio in Sardinia, Italy. The portfolio, named Project Nox, comprises four solar projects acquired from Enerland, a solar engineering, procurement, and construction firm. Construction is scheduled to commence in the second half of 2026.</p>
<p><strong>Enfinity Global, a renewable energy project developer, announced the </strong><a href="https://mercomcapital.com/enfinity-global-secures-174-million-financing-for-147-mw-solar-project-portfolio-in-italy/" target="_blank" rel="noopener"><strong>closing</strong></a><strong> of €165 million (~$173.84 million) in financing to develop a portfolio of three utility-scale solar projects</strong> totaling 147 MW located in Italy’s Lazio region. The projects will reach commercial operation by 2026. The funding was arranged through a club deal structure, with ING and Rabobank serving as lenders and mandated lead arrangers.</p>
<p><strong>Mahindra Susten, the clean-tech arm of the Mahindra Group, has </strong><a href="https://www.mercomindia.com/mahindra-susten-secures-for-560-mw-solar-projects" target="_blank" rel="noopener"><strong>closed</strong></a><strong> a financing deal worth ₹14.48 billion (~$170.6 million) with HDFC Bank and Axis Bank for its 560 MW solar projects</strong> in Gujarat and Rajasthan. The funding will facilitate the construction of these projects under long-term power purchase agreements with Gujarat Urja Vikas Nigam and Rajasthan Urja Vikas Nigam.</p>
<p><strong>Dimension Energy, a community solar project developer, </strong><a href="https://mercomcapital.com/dimension-energy-secures-284-million-financing-for-distributed-generation-solar-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $284 million construction and tax equity bridge loan to develop and construct a 122 MWdc distributed generation solar</strong> portfolio from First Citizens Bank, alongside ING, National Bank of Canada, Comerica, Cadence, Denham, and Siemens. The portfolio comprises 30 community solar projects across seven states, including Delaware, Illinois, Maine, New Jersey, New York, Pennsylvania, and Virginia.</p>
<p><strong>OX2, a solar and energy storage project developer, </strong><a href="https://mercomcapital.com/ox2-secures-76-million-financing-for-the-rutki-solar-project-in-poland/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €73 million (~$76.69 million) in financing for the 100 MW Rutki solar project in Poland</strong>. NORD/LB, a German commercial bank, provided the funding. The solar project is currently under construction and is expected to be fully operational by the end of 2025. The Rutki solar project, located in the Niemodlin municipality in southwestern Poland, will incorporate 145,000 ground-mounted photovoltaic modules.</p>
<p><strong>Solar Landscape, a commercial and industrial rooftop solar developer, </strong><a href="https://mercomcapital.com/solar-landscape-raises-847-million-for-rooftop-solar-projects-in-2024/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $847 million in project investment and financing in 2024</strong>. The funding will support the deployment of over 200 commercial rooftop solar installations across the U.S.</p>
<p>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.</p>
<p>Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-totalenergies-sells-50-of-2-gw-solar-storage-portfolio-in-texas/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: DRI Acquires 166 MW Solar Project Portfolio in Italy

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