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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-intersect-power-project-financing/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Intersect Power, a utility-scale solar project developer, </strong><a href="https://mercomcapital.com/intersect-power-secures-837-million-in-project-financing/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> closing two separate transactions representing an aggregate of $837 million in financing commitments</strong> for constructing and operating three standalone Battery Energy Storage Systems (BESS) in Texas. The transaction covers portfolio-level construction debt, tax equity, and term debt financing. The three energy storage systems, Lumina I, Lumina II, and Radian, will be operational in 2024. The projects are expected to be operational in 12 months and are claimed to provide 320 MWh battery storage capacity with a two-hour duration.</p>
<p><strong>Leeward Renewable Energy, a developer of solar, wind, and energy storage projects, announced the </strong><a href="https://mercomcapital.com/leeward-renewable-energy-secures-1-25-billion-in-warehouse-facility-financing/" target="_blank" rel="noopener"><strong>closing</strong></a><strong> of a $1.25 billion construction warehouse facility</strong>. The warehouse provides three years of committed capital to fund a multi-year building plan of advanced and construction-ready projects from LRE’s development pipeline. Initially, the $1.25 billion revolving facility will fund the construction of six fully contracted wind, solar, and battery storage projects, totaling nearly 1 GW of capacity.</p>
<p><strong>Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and INPEX Renewable Energy Australia, <a href="https://mercomcapital.com/enel-green-power-australia-acquires-1-gw-hybrid-project/" target="_blank" rel="noopener">announced</a> the acquisition</strong> of the Tallawang hybrid project, which comprises 500 MW of solar PV and 500 MW/1,000 MWh energy storage system. EGPA acquired the solar-plus-storage project from RES, a U.K.-based renewable energy project developer.</p>
<p><strong>rPlus Energies, a solar and energy storage project developer, </strong><a href="https://mercomcapital.com/rplus-energies-secures-over-1b-debt-financing-for-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> over $1 billion in construction debt financing for its Green River Energy Center</strong>, which comprises 400 MW of solar PV and 400 MW/1,600 MWh of energy storage. Crédit Agricole Corporate and Investment Bank, KeyBanc Capital Markets, MUFG Bank, Truist Securities, and Wells Fargo Securities contributed to the debt financing deal as coordinating lead arrangers. MUFG Bank is the lender’s administrative agent.</p>
<p><strong>Renewable energy company BluPine Energy has secured ₹4.36 billion ($52.85 million) in </strong><a href="https://www.mercomindia.com/blupine-secures-%E2%82%B94-36-billion-for-a-120-mw-solar-project-in-gujarat" target="_blank" rel="noopener"><strong>financing</strong></a><strong> from the State Bank of India for its 120 MW solar project</strong> in Panshina and Radhanpur in Gujarat. The electricity generated from this project will be supplied to Gujarat Urja Vikas Nigam (GUVNL) under a power purchase agreement for 25 years from the scheduled commercial operation date. The project is expected to produce around 298,000 MWh of energy annually and supply power to approximately 270,000 households.</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-emeren-group-sells-solar-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Intersect Power Secures $837 Million in Project Financing


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-green-genius-financing-solar-projects/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Green Genius, a renewable energy company, has </strong><a href="https://mercomcapital.com/green-genius-secures-94-million-financing-for-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €87 million (~$94 million) in debt financing for the construction of a 121 MW solar project in Jekabpils, Central East of Latvia</strong>. The company received funding from two banks, of which €26 million (~$28 million) was provided by Berenberg Bank, and Nord LB provided a €61 million (~$66 million) loan. The total planned investment for the project is over €100 million (~$108 million).</p>
<p><strong>Technique Solaire Group, an independent producer of renewable energy, </strong><a href="https://mercomcapital.com/technique-solaire-group-acquires-solar-projects-in-netherlands-and-spain-totaling-58-mw/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of ready-to-build solar projects in the Netherlands and Spain</strong> with a total capacity of 58 MW. The deal includes the acquisition of 10 solar projects, of which two projects are located in the Netherlands while eight are in Spain. The projects in the Netherlands represent a total capacity of 26 MW with an individual capacity of 15 MW and 11 MW located in Gelderland province, in Beuningen and Druten, respectively.</p>
<p><strong>Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and Inpex Corporation, </strong><a href="https://mercomcapital.com/enel-green-power-australia-secures-financing-solar-energy-storage-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> project financing of over A$190 million</strong> (~$126 million) to develop Quorn Park Hybrid Project, which includes a 98 MW solar project and a 20 MW/40 MWh battery energy storage system. The project will be jointly financed by a combination of equity provided by EGPA’s shareholders and debt facilities from a group of two lenders comprising Westpac and Bank of China. The construction of the hybrid project will begin in the third quarter of 2024.</p>
<p><strong>The International Finance Corporation will partially </strong><a href="https://www.mercomindia.com/ifc-invests-105-million-in-brookfields-500-mw-solar-project-in-rajasthan" target="_blank" rel="noopener"><strong>finance</strong></a><strong> a 550 MW solar power project being developed by Brookfield Asset Management in Bikaner</strong>, Rajasthan, with a $105 million investment. The investment will be through long-term non-convertible debentures assigned to the project’s special purpose vehicles, which will implement the project.</p>
<p><strong>Sun Investment Group, a solar project developer and investment management company, </strong><a href="https://mercomcapital.com/sun-investment-group-secures-debt-financing-for-2-gw-solar-pv-pipeline/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> debt financing for a pipeline of mid- to late-stage solar projects</strong> with a total capacity of 1,970 MW located in Poland. The funding was entirely subscribed by an international debt fund and will support the development of the projects. The pipeline comprises 323 individual projects ranging from 1 MW to 120 MW capacity, including approximately 100 MW at the ready-to-build stage, along with 1,120 MW of mid-stage and 750 MW of early-stage projects.</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-british-solar-secures-funding-for-solar-and-storage-projects/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Green Genius Secures $94 Million Financing for Solar Projects

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