RECPDCL Invites Bids to Evacuate 3.5 GW of Renewable Energy from Gujarat

NTPC Green Energy to Raise $1.19 Billion via Initial Public Offering

PGCIL Bags Project to Evacuate 5.5 GW Renewable Energy from Rajasthan

Tata Power Renewable Secures 400 MW Wind-Solar Hybrid Project from MSEDCL

PFC Invites Bids for Evacuating 3 GW of Renewable Energy from Gujarat

NVVN Issues Rate Contract Tenders for Rooftop Solar Systems

Daily News Wrap-Up: Solar Open Access Installations Surge in Uttar Pradesh

Rajasthan Regulator Approves Tariffs for Solar Projects Under KUSUM

IREDA Invites Bids to Raise $113 Million to Fund Renewable Energy Projects

Gautam Solar Ventures into Solar Cell Manufacturing with ₹10 Billion Investment


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-orlen-group-solar-project-portfolio-poland/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>ORLEN Wind 3, a subsidiary of the ORLEN Group, </strong><a href="https://mercomcapital.com/orlen-group-to-acquire-280-mw-solar-project-portfolio-in-poland/" target="_blank" rel="noopener"><strong>entered</strong></a><strong> into a preliminary agreement with EDP Renewables Polska, a renewable energy project developer</strong>, to acquire two solar projects with a total capacity of 280 MW located in the provinces of Zielona Góra and Poznań in Poland. The company will also acquire a 26 MW wind project in the province of Łódź. The transaction is valued at approximately PLN 1.15 billion (~$0.29 billion).</p>
<p><strong>OX2, a solar and energy storage project developer, </strong><a href="https://mercomcapital.com/ox2-sells-energy-storage-project-in-finland/" target="_blank" rel="noopener"><strong>signed</strong></a><strong> an agreement to sell the ready-to-build 50 MW/110 MWh Uusnivala battery energy storage project</strong> to the L&amp;G NTR Clean Power Fund, which will manage the project’s construction. NTR, a renewable energy asset manager, completed the transaction on behalf of the fund.</p>
<p><strong>FRV Australia, a renewable energy project developer and part of Jameel Energy and the Canadian infrastructure fund OMERS, </strong><a href="https://mercomcapital.com/frv-australia-secures-785-million-refinancing-for-solar-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> A$1.2 billion (~$0.785 billion) in refinancing</strong> for its solar project portfolio, which has a total installed capacity close to 1 GW. The portfolio consists of eight solar projects in operation or under construction. The debt package includes a term loan that refinances the portfolio’s actual debt, plus a Letter of Credit facility and a working capital facility to support FRV Australia’s development activities across the country.</p>
<p><strong>Enlight Renewable Energy, a utility-scale solar, wind, and energy storage project developer, </strong><a href="https://mercomcapital.com/enlight-secures-financing-for-atrisco-energy-storage-project/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the financial close for the energy storage portion</strong> of its Atrisco Solar and Energy Storage project. The project, which has a solar generation capacity of 364 MW coupled with 1.2 GWh of energy storage capacity, is located outside Albuquerque, New Mexico.</p>
<p><strong>DRI, an Amsterdam-based renewable energy company and a subsidiary of DTEK Group, </strong><a href="https://mercomcapital.com/dri-acquires-133-mw-energy-storage-project-in-poland/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of a 133 MW/532 MWh energy storage project</strong> in Trzebinia, Poland. DRI acquired 100% of the shares from Columbus Energy, a Polish renewable energy services provider. The company acquired the rights to build the project in March 2024, with commercial operations expected to begin in January 2027.</p>
<p><strong>Scatec, a renewable energy solutions provider, announced <a href="https://mercomcapital.com/scatec-secures-financing-solar-projects-tunisia/" target="_blank" rel="noopener">financial</a> closure for the Sidi Bouzid and Tozeur solar projects, which have a total capacity of 120 MW in Tunisia</strong> (each 60 MW). According to the signed partnership agreement, Scatec will jointly develop and own the projects with Aeolus, a joint venture of Japanese conglomerate Toyota Tsusho Corporation.</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-juwi-sells-solar-portfolio-greece/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: ORLEN Group to Acquire 280 MW Solar Project Portfolio in Poland


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-dri-acquires-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>DRI, an Amsterdam-based renewable energy company and a subsidiary of DTEK Group, </strong><a href="https://mercomcapital.com/dri-acquires-126-mw-solar-project-in-romania/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of a 126 MW solar project in Văcărești</strong>, Dâmbovița County, Romania, from local developers. Construction of the Văcărești solar project is expected to begin in autumn 2024 and commence operations the following autumn. Once operational, the project is expected to produce 205.8 GWh of electricity.</p>
<p><strong>Recurrent Energy, a solar and energy storage project developer and a wholly owned subsidiary of Canadian Solar </strong><a href="https://mercomcapital.com/recurrent-energy-secures-513-million-for-1200-mwh-energy-storage-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $513 million in project financing</strong> for its 1,200 MWh Papago storage project in Maricopa County, Arizona. The financing includes a $249 million construction and term loan, a $163 million tax equity bridge loan, and a $101 million letter of credit facility. Construction of the Papago storage project is scheduled to begin in the third quarter of 2024, with commercial operations expected to start in the second quarter of 2024.</p>
<p><strong>Birch Creek Energy, a utility-scale solar and energy storage project developer, <a href="https://mercomcapital.com/birch-creek-energy-secures-financing-49-mw-earp-solar-project/" target="_blank" rel="noopener">closed</a> financing for its 49 MW Earp  solar project in Illinois, U.S. </strong>Tax equity was arranged through Foss &amp; Co., permanent debt was provided by West Town Bank &amp; Trust, and construction capital was underwritten and funded by Pathward®, N.A. Earp Solar is project based in Warren County, Illinois. The project is fully operational and generates enough renewable electricity to power over 7,300 households.</p>
<p><strong>Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, announced the </strong><a href="https://mercomcapital.com/vesper-energy-sells-gaucho-nestlewood-solar-projects-to-octopus-energy-generation/" target="_blank" rel="noopener"><strong>sale</strong></a><strong> of two PJM assets</strong>, Gaucho Solar and Nestlewood Solar projects, to Octopus Energy Generation, a renewable energy asset management firm. The two projects collectively will generate 100 MW of renewable energy annually. The Gaucho Solar project is on 68 acres in Beaver County and Allegheny County, Pennsylvania. The Nestlewood Solar project is located on 610 acres in Clermont and Brown County, Ohio, and offsets power for an e-commerce company as a part of a power purchase agreement.</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-green-genius-financing-solar-projects/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: DRI Acquires 126 MW Solar Project in Romania

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