PFCL Floats Empanelment Tender for Metering Infrastructure Service Providers

Solarium Green Energy Receives BSE Nod for Initial Public Offering

Power Transmission Company Kalpataru Projects Raises ₹10 Billion in QIP

Himachal Regulator Approves Tariff for 900 MW Hybrid Power Projects

Daily News Wrap-Up: HPERC Allows DISCOM To Procure 550 MW Solar Power

MES Invites Bids for Maintenance of 1.7 MW Solar Project

Exploring Solar Open Access Potential in Odisha and Haryana

Karnataka Floats EPC Tender for 1.2 MW Solar Project

Himachal Regulator Allows DISCOM to Procure 550 MW Solar Power from SECI

Agri-Solar Solutions Provider GK Energy Files Papers for ₹5.01 Billion IPO


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/10/amazon_polly_70807.mp3?version=1727929910">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-ze-energy-financing-solar-storage/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>ZE Energy, a France-based solar and energy storage project developer, </strong><a href="https://mercomcapital.com/ze-energy-secures-financing-for-77-mw-solar-and-storage-project/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> an assetco financing to construct a 77 MWp solar project coupled</strong> with a 14.8 MW/33.5 MWh lithium-ion battery storage project. Sienna Investment Managers, a European asset manager firm, will provide the funding under its Predirec ENR 2 fund. The utility-scale hybrid project is located in Vert, Landes, France.</p>
<p><strong>Grenergy, an independent solar and wind power producer, has </strong><a href="https://mercomcapital.com/grenergy-acquires-1-gw-solar-projects-from-repsol-and-ibereolica/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> 1 GW of solar projects, including a 1 GW energized line, from Repsol and Ibereólica</strong>. The company will invest $128 million in this transaction. The transaction comprises the purchase of a 77 MW solar project and a solar portfolio totaling 923 MW in various stages of development.</p>
<p><strong>Emeren Group, a solar project developer, announced the <a href="https://mercomcapital.com/emeren-sells-57-mw-solar-project-portfolio/" target="_blank" rel="noopener">sale</a> of 57 MW solar project portfolio to Trina Solar Systems, the French subsidiary of Trina Solar International System Business Unit</strong>. The portfolio consists of five solar projects in various stages of development. Of these five, one is in the early stage and one in the late stage, both sold in Q3 2024 to Trina. The remaining three projects are in the mid-stage to be monetized. In addition, there is potential for the addition of battery energy storage systems.</p>
<p><strong>Copenhagen Infrastructure Partners, a renewable energy investment firm, </strong><a href="https://www.globenewswire.com/news-release/2024/09/24/2952556/0/en/CIP-Acquires-1-GWh-Scatter-Wash-Battery-Energy-Storage-Project-in-Arizona-from-Strata-Clean-Energy-and-Signs-Construction-and-Asset-Management-Agreements-with-Strata.html" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of the 255 MW/1,020 MWh Scatter Wash standalone battery storage project</strong> in Phoenix, Arizona, from Strata Clean Energy, a vertically integrated solar and storage development, engineering, procurement, and construction, and operations and maintenance company.</p>
<p><strong>BayWa r.e., a developer of renewable energy projects, </strong><a href="https://mercomcapital.com/baywa-r-e-sells-solar-projects-totaling-222-mw-to-octopus-energy-generation/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the sale of four solar projects to Octopus Energy Generation, a renewable energy investment firm</strong>. The projects have a combined capacity of 222 MWp across the UK. All three projects are ready to build, with construction scheduled to begin this year. The construction of the fourth project will start in 2025, and all are expected to reach commercial operations between 2025 and 2026.</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-ib-vogt-solar-project-spain-2/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: ZE Energy Secures Financing for 77 MW Solar and Storage Project


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/02/amazon_polly_63021.mp3?version=1707280983">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-vesper-energy-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Vesper Energy, a developer, owner, and operator of utility-scale renewable energy projects, </strong><a href="https://mercomcapital.com/vesper-energy-secures-590-million-financing-for-hornet-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $590 million in debt financing for the Hornet Solar power project</strong> in Texas. The Hornet Solar project is being developed in Swisher County, Texas, and will have a capacity of 600 MWac/ 745 MWdc. It is expected to generate enough to power 160,000 homes annually. The company secured a debt financing package, which also consists of a construction-to-term loan and a letter of credit facility.</p>
<p><strong>Grenergy, an independent solar and wind power producer, </strong><a href="https://mercomcapital.com/grenergy-sells-solar-and-wind-projects-in-peru/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the sale of 97 MW of solar assets located in the department of Arequipa in Peru to Yinson Renewables</strong>, the renewables unit of the multinational energy infrastructure company Yinson, and 77 MW of wind assets in Peru to ENGIE Energía Perú. The combined value of the transactions amounts to $150 million, which could rise to $154 million depending on meeting certain operational milestones.</p>
<p><strong>Cleantech Solar, a provider of solar energy for commercial &amp; industrial customers in India and Southeast Asia, has </strong><a href="https://www.mercomindia.com/cleantech-for-open-access-solar-projects" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a long-term senior secured loan</strong> of ₹6.25 billion (~$75 million) from Tata Capital to expand open access renewable energy projects across India. Cleantech said the funds will be used for the construction, development, and operation of its under-construction pipeline of open access solar and wind parks.</p>
<p><strong>Spearmint Energy, an energy storage project developer, </strong><a href="https://mercomcapital.com/spearmint-energy-announces-200-million-enhanced-credit-facility/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the addition of Nuveen to its $200 million enhanced credit facility with Aiga Capital Partners</strong>. The term loan will support the development and construction of a 2.8 GW portfolio of battery energy storage system assets. The portfolio includes over 1 GW of projects nearing construction in Texas’ ERCOT power market as well as Revolution, Spearmint’s 150 MW, 300 MWh BESS project in West Texas.</p>
<p><strong>The Asian Development Bank (ADB) has </strong><a href="https://www.mercomindia.com/adb-%e2%82%b912-5-billion-currency-bond-finance-green-projects" target="_blank" rel="noopener"><strong>raised</strong></a><strong> ₹12.5 Billion (~$150 million) through green bonds, making it the largest Indian rupee bond to date</strong>. The proceeds from this bond will be used to finance ADB’s private-sector renewable energy projects and for green financing.</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-goldenpeaks-acquires-solar-projects-poland/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Vesper Energy Secures $590 Million for Solar Project


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/07/amazon_polly_56226.mp3?version=1689138550">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>From: <a href="https://mercomcapital.com/project-finance-brief-grenergy-raises-148-million/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Grenergy, a solar, wind, and storage independent power producer, </strong><a href="https://mercomcapital.com/grenergy-secures-green-financing-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $148 million in green financing </strong>for the Gran Teno and Tamango solar power projects located in Chile, with a combined capacity of 300 MW. The transaction, signed with French banks BNP Paribas and Societe Générale, is a green loan. It also includes other complementary credit lines. The transaction is structured as a Green Use of Proceeds loan with the funds used to finance renewable energy projects.</p>
<p><strong>France-based oil and gas major company TotalEnergies has </strong><a href="https://mercomcapital.com/totalenergies-acquires-208-mw-of-solar-projects-in-romania/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> 208 MW of solar photovoltaic projects in Romania from PNE</strong>, a solar and wind power project developer. PNE will remain responsible for further project development until the ready-to-build stage is achieved. The transaction details were not disclosed.</p>
<p><strong>Goldbeck Solar, a solar project developer, </strong><a href="https://mercomcapital.com/goldbeck-solar-secures-48-million-for-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €44 million (~$47.90 million) financing from Rgreen Invest</strong>, an investment firm for constructing four ground-mounted solar power projects in Canada and Chile, totaling 93 MW. The Canadian projects in Alberta have a capacity of 61 MW and 8 MW, respectively, and are part of the joint venture between Goldbeck Solar and Pathfinder Clean Energy. The projects in Chile in the province of Bío-Bío each have a capacity of 12 MW.  Capcora acted as the exclusive financial advisor for this transaction.</p>
<p><strong>CEE Group, a Germany-based asset manager, </strong><a href="https://mercomcapital.com/cee-group-acquires-103-5-mw-solar-project-in-the-netherlands/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> a 103.5 MW ground-mounted solar power project</strong> in the province of Groningen, the Netherlands, from Ecorus Group, a solar project developer. The project is under construction. Ecorus is also the EPC partner for the construction of the solar project. The signing and closing of the purchase agreement with the project developer Ecorus took place in February 2023. Both parties have agreed not to disclose the purchase price.</p>
<p><strong>Ib vogt, a solar and storage project developer, </strong><a href="https://mercomcapital.com/ib-vogt-sells-98-4-mw-solar-project-portfolio-in-italy/" target="_blank" rel="noopener"><strong>agreed</strong></a><strong> to sell a 98.4 MW solar photovoltaic power project portfolio in Italy</strong> to Rubis Photosol, a solar project developer. The portfolio comprises ten photovoltaic and agrivoltaic projects in the Lazio region of Italy and has been 100% funded by ib vogt. The portfolio has been developed by ib vogt and its two joint venture partners, Christoph Drewes Energieberatung and Hans Karl Pichler. The projects are under development and will be purchased one by one over the next 12 to 18 months as each project reaches ready-to-build status.</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://mercomcapital.com/project-finance-brief-omv-petrom-acquires-710-mw-solar-projects-in-romania/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Grenergy Raises $148 Million to Fund Solar Projects in Chile


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/07/amazon_polly_55984.mp3?version=1688532660">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>From: <a href="https://mercomcapital.com/project-finance-brief-omv-petrom-acquires-710-mw-solar-projects-in-romania/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>OMV Petrom, an oil and gas company, has signed an agreement to </strong><a href="https://mercomcapital.com/omv-petrom-acquires-solar-projects-romania/" target="_blank" rel="noopener"><strong>acquire</strong></a><strong> 710 MW solar projects in Romania from Danish developer Jantzen Renewables</strong>. The parks will be one of Southeast Europe’s most significant photovoltaic projects, powering the equivalent consumption of ~280,000 Romanian households annually.</p>
<p><strong>Matrix Renewables, the TPG Rise-backed renewable energy platform, announced the </strong><a href="https://mercomcapital.com/matrix-renewables-acquires-solar-project-texas/" target="_blank" rel="noopener"><strong>acquisition</strong></a><strong> of a 284 MW Stillhouse solar project in Texas from OCI Solar Power</strong>, a utility-scale solar project developer. The project is in the late stages of development, and its construction is slated to be completed by 2024, with commercial operations scheduled for 2025.</p>
<p><strong>Endesa, a Spain-based electric utility company, has </strong><a href="https://www.mercomindia.com/endesa-545-million-develop-4-8-gw-renewable-projects" target="_blank" rel="noopener"><strong>signed</strong></a><strong> sustainability-linked financing agreements worth €500 million (~$545.7 million)</strong> with Instituto de Crédito Oficial (ICO), a state-owned bank in Spain and the European Investment Bank (EIB) to finance the development of its 4.8 GW of renewable energy portfolio in the country.</p>
<p><strong>Grenergy, an independent renewable power producer, <a href="https://grenergy.eu/wp-content/uploads/2023/07/NdP-3-INGLES-Financiacion-Chile-en-GB.docx-1.pdf?_gl=1*2c19d5*_up*MQ..*_ga*MjUwNTM0MDkxLjE2ODgzODIxMTU.*_ga_2FRD58T21S*MTY4ODM4MjExNC4xLjAuMTY4ODM4MjExNC4wLjAuMA" target="_blank" rel="noopener">secured</a> $148 million in green financing for the construction of the Gran Teno and Tamango solar projects</strong> located in Chile, with a combined capacity of 300 MW. The transaction was signed with French banks BNP Paribas and Societe Générale. This also includes other complementary credit lines. The transaction is structured as a Green Use of Proceeds loan with the funds used to finance renewable energy projects.</p>
<p><strong>Energix Renewables, a U.S.-headquartered independent power producer, has </strong><a href="https://www.mercomindia.com/energix-renewables-six-solar-projects-in-the-us" target="_blank" rel="noopener"><strong>closed</strong></a><strong> two project financing transactions totaling $520 million</strong> with Santander Corporate &amp; Investment Banking (Santander CIB) and Morgan Stanley Renewables to develop six utility-scale solar projects in the U.S. The financing deals involve a consortium led by Santander CIB, providing a construction and term loan facility of $260 million, while Morgan Stanley is acting as a tax equity investor with a commitment of $260 million.</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-edf-acquires-solar-portfolio-germany/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: OMV Petrom Acquires 710 MW Solar Projects in Romania


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/06/amazon_polly_55509.mp3?version=1687327654">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-grenergy-sells-solar-project-spain/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Grenergy, a solar, wind, and storage project developer, has agreed to </strong><a href="https://mercomcapital.com/grenergy-sells-solar-project-spain/" target="_blank" rel="noopener"><strong>sell</strong></a><strong> its 150 MW Belinchón solar project in Spain to a European Independent Power Producer</strong>, with the net proceeds from the sale amounting to €83 million (~$90.75 million) (equity value). The deal is expected to be completed before the year-end, subject to the fulfillment of certain conditions. The sale of 100% of its Belinchón solar photovoltaic project is the first milestone of the Valkyria Project, which includes the sale of up to 1.1 GW of solar assets in Spain.</p>
<p><strong>Interogo Holding, an investment unit of the IKEA Group, via its infrastructure investment fund Inter Infrastructure Capital (IIC), has agreed to </strong><a href="https://mercomcapital.com/interogo-holding-acquires-solar-project-portfolio/" target="_blank" rel="noopener"><strong>acquire</strong></a><strong> 49%</strong> of a 1,066 MW portfolio of operational and under-construction solar photovoltaic generation assets from BRUC Group. The transaction details were not disclosed. Santander and JP Morgan have acted as financial advisors and Linklaters as legal on BRUC’s side.</p>
<p><strong>SENS, a solar as a service provider company, has agreed to <a href="https://mercomcapital.com/sens-sells-solar-project-portfolio-peridot-solar/" target="_blank" rel="noopener">sell</a> a 135 MW solar project in Sicily to Peridot Solar, an international solar project developer</strong>. The 135 MW solar project comprises six sub-projects and is the first of seven planned open-space agri-photovoltaic systems. The entire pipeline will include around 700 MW of photovoltaic output in addition to regenerative energy generation per year.</p>
<p><strong>DSD Renewables, a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy and a provider of customized solar PV energy</strong> <strong>and energy storage solutions, </strong><a href="https://mercomcapital.com/dsd-renewables-secures-funding-us-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $140 million</strong> in pre-notice to proceed (NTP) credit facilities to support solar projects in late-stage development. The capital will support the continued development of DSD’s late-stage development pipeline, totaling 205 MW across California, Illinois, Maine, Massachusetts, Minnesota, New York, Vermont, and Virginia.</p>
<p><strong>Vena Energy, an independent solar power producer, </strong><a href="https://mercomcapital.com/vena-energy-secures-green-loan-kasama-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a JPY16.9 billion (~$121 million) green loan for developing the 53 MW Kasama solar project</strong>. MUFG Bank led the JPY16.9 billion (~$121 million) financing arrangement with co-financing by Joyo Bank in Japan.</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://www.mercomindia.com/project-finance-brief-ampyr-secures-project-finance-facility" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Grenergy Sells a 150 MW Solar Project in Spain


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2023/02/amazon_polly_49334.mp3?version=1676435779">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>From: <a href="https://mercomcapital.com/project-finance-brief-iberdrola-receives-160-million-for-wind-and-solar-projects/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Iberdrola, a Spanish multinational electric utility, <a href="https://mercomcapital.com/iberdrola-secures-160-million-loan-for-wind-and-solar-projects/" target="_blank" rel="noopener">received</a> a €150 million (~$160 million) green loan agreement from the European Investment Bank</strong> to develop a portfolio of renewable energy projects in Italy. The new facilities, comprising wind and photovoltaic projects with a total capacity of around 400 MW, will produce green energy equivalent to the average consumption of up to 260,000 households.</p>
<p><strong>Grenergy, a Spain-based solar project developer and an independent power producer, </strong><a href="https://mercomcapital.com/grenergy-secures-96-million-loan-for-150-mw-solar-project-in-spain/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €89.5 million (~$96 million) financing for the construction of a 150 MW solar project in Spain.</strong> The loan was provided by two banking entities, the Norddeutsche Landesbank Girozentrale and Bankinter, and includes other complementary credit lines for the construction and development of the park. Each of the two entities will assume half the senior debt of approximately €44.7 million (~$48 million).</p>
<p><strong>Matrix Renewables, the TPG Rise-backed renewable energy company dedicated to acquiring and developing solar, clean energy infrastructure projects, and renewable energy assets, </strong><a href="https://mercomcapital.com/matrix-renewables-secures-43-million-in-funding-for-solar-projects-in-spain/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €40 million (~$43 million) project financing</strong> to begin the construction of Zaratán and Arroyadas, two solar projects totaling 66 MW, in the municipality of Valladolid, in northwest Spain. Under the project finance agreement, the €40 million (~$43 million) of long-term debt will be divided between the two solar projects, generating a total of 66 MW when completed.</p>
<p><strong>PAD RES, a Polish renewable energy project developer, </strong><a href="https://mercomcapital.com/pad-res-secures-40-million-to-develop-14-solar-projects-in-poland/" target="_blank" rel="noopener"><strong>received</strong></a><strong> a bridge loan of €38 million (~$40.5 million) from RGREEN INVEST</strong>, a French fund manager specializing in infrastructure projects related to energy transformation and climate adaptation. French fund manager RGREEN INVEST will provide the loan through its short-term senior debt fund INFRABRIDGE III. The funds will support the construction of 14 solar projects in Poland with a total capacity of 76 MW.</p>
<p><strong>Hecate Grid, a joint venture between Hecate Energy and Infrared Capital Partners, has </strong><a href="https://hecategrid.com/news/2023/02/hecate-grid-secures-a-989-million-term-loan---letter-of-credit-facility-package-/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the completion of a six-year, $98.9 million credit facility</strong> package to recapitalize its operating assets and finance the construction of a portfolio of standalone battery storage assets in Southern California. The debt package comprises a $79.5 million term loan and a $19.4 million Letter of Credit facility. The Southern California-based energy storage portfolio of Hecate Grid currently consists of four standalone battery energy storage assets, one of which is operational, while the remaining three are under construction, with a combined capacity of 290 MWh.</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://mercomcapital.com/project-finance-brief-sunfarming-secures-solar-projects-poland/" target="_blank" rel="noopener">brief</a>.</p>


grenergy

Get the most relevant India solar and clean energy news.

RECENT POSTS