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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-solar-landscape-financing-rooftop-projects/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Solar Landscape, a U.S.-based commercial rooftop solar developer, </strong><a href="https://mercomcapital.com/solar-landscape-secures-175m-financing-rooftop-solar-projects/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> a $175 million long-term partnership with PGIM Private Capital</strong>, a private capital arm of PGIM, to finance its growing portfolio of projects that feed electricity directly into the distributed grid, initially across Maryland and Illinois. The partnership, in the form of an institutional shelf debt facility, will finance the construction and operation of 74 solar landscape projects on commercial rooftops in the two states.</p>
<p><strong>Eku Energy, an energy storage project developer, </strong><a href="https://mercomcapital.com/eku-energy-secures-financing-99-mw-198-mwh-battery-storage-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> more than £45 million (~$59 million) debt financing to construct a 99 MW/198 MWh battery energy storage project</strong> at Ocker Hill, between the towns of Dudley and Wednesbury in the West Midlands in England. NatWest Bank and Sumitomo Mitsui Banking Corporation provided the project’s financing. Construction is expected to begin next month and will be completed in late 2026.</p>
<p><strong>Ignitis Renewables, a green energy company, <a href="https://mercomcapital.com/ignitis-renewables-secures-239-mw-solar-projects/" target="_blank" rel="noopener">secured</a> a €77.5 million (~$87.24 million) loan from Swedbank Lithuania and Swedbank Latvia</strong> for developing and constructing solar projects of 239 MW capacity in Stelpe and Vārme in Latvia. The banks granted funds in equal amounts. The solar projects are currently under development and are expected to reach commercial operation within this year.</p>
<p><strong>Aypa Power, a Blackstone portfolio company and developer of utility-scale energy storage and hybrid renewable energy projects, </strong><a href="https://mercomcapital.com/aypa-power-secures-535-million-for-320-mw-solar-and-storage-project/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> closing $535 million in debt financing</strong> to support the development of the 320 MW Vidal solar-plus-storage project in San Bernardino County, California. The hybrid project, scheduled to come online in 2026, has a long-term power purchase agreement with the San Diego Community Power.</p>
<p><strong>Thrive Renewables, a renewable energy investment company, </strong><a href="https://mercomcapital.com/thrive-renewables-acquires-14-mw-solar-project/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of the 14 MW Dunmow solar project in Essex, U.K.</strong>, from PS Renewables, a renewable energy project developer. The project’s construction is completed, and commercial operation is expected to begin in May. With new project development rights secured, the company’s total capacity is expected to increase from 91.5 MW to 170.1 MW by 2027.</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-pivot-energy-community-solar-portfolio/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Solar Landscape Secures $175 Million Financing for Rooftop Solar Projects


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-edp-acquires-solar-project-brazil/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>EDP, a renewable energy power producer, </strong><a href="https://mercomcapital.com/edp-acquires-44-mw-solar-project-portfolio-in-brazil/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of 16 solar projects from Tangipar Group, a solar energy company in Brazil</strong>. The projects in Bahia, Mato Grosso, Mato Grosso do Sul, and Paraná, have a total capacity of 44.3 MW. Five of the 16 projects have already been completed, with the remaining ones expected to be operational by 2025. The planned operational capacities include 10.9 MW in Bahia, 12.5 MW in Mato Grosso, 12.9 MW in Mato Grosso do Sul, and 7.7 MW in Paraná.</p>
<p><strong>Westbridge Renewable Energy (Westbridge), a Canada-based solar project developer, </strong><a href="https://mercomcapital.com/westbridge-sells-332-mw-sunnynook-solar-project-in-alberta/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it closed the sale of its 75%-owned 332 MWp Sunnynook solar project</strong> in Alberta. A subsidiary of METLEN Energy &amp; Metals, formerly known as Mytilineos, acquired the solar project. The Sunnynook project is the second to reach the ready-to-build stage in 2024. METLEN will build the solar project.</p>
<p><strong>SSE Renewables, a developer specializing in renewable energy projects, </strong><a href="https://mercomcapital.com/sse-acquires-120-mw-240-mwh-battery-storage-project-in-ireland/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it has acquired the project development rights for a 120 MW/240 MWh grid-scale battery energy</strong> storage system (BESS) in Ireland from Low Carbon, a U.K.-based renewable energy firm. Under the deal, SSE acquired the Thornsberry BESS project in County Offaly from Grid Systems Services, a battery storage project developer owned by Low Carbon.</p>
<p><strong>Eku Energy, an energy storage project developer, </strong><a href="https://mercomcapital.com/eku-energy-secures-financing-for-250-mw-williamsdale-energy-storage-project/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it reached financial closure for its 250 MW/500 MWh Williamsdale battery energy storage system located in the Australian Capital Territory (ACT</strong>). Tesla will supply Megapack technology for the project. Consolidated Power Projects will supply the Balance of Plant as Eku Energy’s appointed construction partner and Eku Energy will manage the project. The project is a part of the ACT Government’s Big Canberra Battery project, connecting to the Evoenergy electricity distribution network.</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-primergy-secures-225-million-financing-valley-fire-portfolio/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: EDP Acquires 44 MW Solar Project Portfolio in Brazil


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					</table><p>Global technology-enabled energy storage business <a href="https://www.ekuenergy.com/" target="_blank" rel="noopener">Eku Energy</a> has commissioned a 150 MW/ 150 MWh battery energy storage system (BESS) at the site of the former Hazelwood Power Station in the Latrobe Valley of Victoria in Australia, in collaboration with France-based multinational utility firm <a href="https://www.engie.com/en" target="_blank" rel="noopener">ENGIE</a> and global storage products and services provider <a href="https://fluenceenergy.com/" target="_blank" rel="noopener">Fluence</a>.</p>
<p>Hazelwood is the first coal-fired power station to retire in Australia to host a BESS, to be set as an example for repurposing former thermal assets for renewable energy technologies, the company said in a statement.</p>
<p>The Hazelwood battery energy storage project is jointly funded and developed by ENGIE and Eku and is said to be the country’s largest privately funded utility-scale battery.</p>
<p>The BESS can store the equivalent of an hour of energy generated from the rooftop solar systems of 30,000 homes.</p>
<p>It is expected to play a critical role in increasing renewable energy capacity in Victoria while delivering essential system services to the grid.</p>
<p>The Hazelwood Power Station was built in the 1960s and retired in 2017 after 50 years of operation.</p>
<p>Chief Investment Officer and Head of Asia Pacific for Eku Energy Daniel Burrows said, “The Hazelwood battery is an example of how strong partnerships can support the deployment of battery storage systems at strategic grid locations as Australia’s existing generation fleet transitions towards higher penetrations of renewable energy resources.”</p>
<p>Fluence will supply, operate, and maintain the Hazelwood BESS project.</p>
<p>The project is also the first in Australia to use Fluence’s Gridstack product, designed for the most demanding applications, including flexible peaking capacity, frequency regulation, renewable integration, transmission, and distribution enhancement.</p>
<p>Achal Sondhi, Vice President for Market Growth, APAC &amp; General Manager for Australia at Fluence, said: “Fluence Mosaic bidding software allows the Hazelwood battery to react quickly and efficiently to grid needs and maximize the revenue while allowing the integration of more clean energy. Our rapidly growing Fluence team in Australia is committed to the country’s energy transition.”</p>
<p>Last December, the Australian Renewable Energy Agency <a href="https://www.mercomindia.com/australia-provide-118-million-battery-projects-country" target="_blank" rel="noopener">announced</a> AU$ 176 million (~$118 million) in conditional funding to support eight grid-scale battery projects across Australia. With a total capacity of 2 GW/ 4.2 GWh, the projects represent a tenfold rise in grid-forming power storage capacity, which is operational in the National Electricity Market.</p>
<p>Meanwhile, the think tank Climate Energy Fund projected that Australia could be an <a href="https://www.mercomindia.com/australia-can-rival-china-for-renewables-sector" target="_blank" rel="noopener">alternative</a> to China and become a potential supply chain partner for the global renewables sector, given the abundance of minerals available in Australia that are critical to clean energy technologies.</p>


Australia Repurposes Retired Thermal Power Project Site for 150 MWh BESS Project

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