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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-s4-energy-bess-portfolio-germany/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has </strong><a href="https://mercomcapital.com/s4-energy-to-acquire-310-mw-battery-energy-storage-portfolio-in-germany/" target="_blank" rel="noopener"><strong>agreed</strong></a><strong> to acquire a 310 MW portfolio</strong> of German battery energy storage projects from Terra One Climate Solutions, a Germany-based energy storage project developer. The portfolio comprises projects in shovel-ready and advanced stages of development and is expected to reach commercial operation between 2026 and 2028.</p>
<p><strong>esVolta, an energy storage project developer, </strong><a href="https://mercomcapital.com/esvolta-secures-110-million-financing-for-hummingbird-energy-storage-project/" target="_blank" rel="noopener"><strong>completed</strong></a><strong> a $110 million tax equity transaction with Greenprint Capital Management to develop and construct the 300 MWh Hummingbird battery energy storage project</strong> in San Jose, California. The project is under construction and is expected to be completed in 2025.</p>
<p><strong>ACME Sun Power, a wholly owned subsidiary of ACME Solar Holdings, has </strong><a href="https://www.mercomindia.com/acme-secures-37-billion-loan-from-rec" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a ₹37.53 billion (~$444.68 million) loan from REC Limited to develop 320 MW Firm and Dispatchable Renewable Energy projects</strong> in collaboration with SJVN. The project is located in high-resource potential regions, with the solar capacity situated in Jaisalmer, Rajasthan, and wind power generation at Bhuj and Jam Khambhaliya in Gujarat.</p>
<p><strong>Standard Solar, a developer and owner of commercial and community solar projects, </strong><a href="https://mercomcapital.com/standard-solar-acquires-25-mw-solar-project-from-balanced-rock-power/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> 25 MWdc of the Windhub Solar B solar project in Kern County</strong>, California, from Balanced Rock Power, a renewable energy project developer. The project’s construction will begin in the first half of 2025.</p>
<p><strong>Field, an energy storage project developer, </strong><a href="https://mercomcapital.com/field-acquires-200-mw-800-mwh-battery-storage-project-in-the-uk/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of the 200 MW/800 MWh Hartmoor battery storage project near Hartlepool, England, UK,</strong> from independent project developer Clearstone Energy. According to Field, the project is expected to be operational in 2026 and will store up to 800 MWh of clean electricity.</p>
<p><strong>AXIAN Energy, a renewable energy project developer, </strong><a href="https://mercomcapital.com/axian-energy-secures-90-million-financing-for-solar-plus-storage-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €84 million (~$89.69 million) financing for two solar plants with energy storage systems in the southern Senegalese region of Kolda</strong>. A group of lenders comprising the Dutch entrepreneurial development bank FMO, the Emerging Africa &amp; Asia Infrastructure Fund (EAAIF), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) provided the funding.</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-edp-acquires-solar-project-brazil/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: S4 Energy to Acquire 310 MW BESS Portfolio in Germany


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					</table><p><strong>Redoxblox, a thermochemical energy storage company, </strong><a href="https://mercomcapital.com/redoxblox-raises-30-million-in-series-a-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> an additional $30 million in Series A funding.</strong> The funding round was led by Prelude Ventures and joined by Imperative Ventures, New System Ventures, and existing investors Breakthrough Energy Ventures and Khosla Ventures. The company was also awarded $8.9 million from the California Energy Commission and $6.7 million from the U.S. Department of Energy this year.</p>
<p><strong>eSmart Systems, an inspection and asset information management solutions provider for utilities, </strong><a href="https://mercomcapital.com/esmart-systems-raises-32-million-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> €30 million (~$32 million)</strong> in new capital funding, bringing its total to €63 million (~$65 million) in the past two years. The funding round was led by TiLT Capital Partners, a French growth capital impact fund, along with Quanta Services, a U.S.-based energy infrastructure solutions company, which joined as a strategic investor.</p>
<p><strong>Jupiter Power, a utility-scale energy storage project developer, </strong><a href="https://mercomcapital.com/jupiter-power-secures-225-million-in-corporate-credit-facility/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $225 million corporate credit facility that includes up to $175 million in letters of credit and $50 million in revolving loans</strong>. This transaction was led by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation on the lender side, serving as coordinating lead arrangers. Kirkland &amp; Ellis acted as the borrower’s counsel, and Latham &amp; Watkins as the lenders’ counsel.</p>
<p><strong>Birch Creek Energy, a utility-scale solar and energy storage project developer, has secured a $150 million credit facility provided by KKR’s high-grade asset-based finance strategy</strong> via insurance accounts managed by KKR. This funding will extend and upsize its previous $100 million facility, and the company&#8217;s development expenses and equipment will be used for solar farms in its development portfolio.</p>
<p><strong>S4 Energy, a Dutch-based grid-scale energy storage developer, announced the acquisition of LC Energy Grid Service,</strong> a high-voltage battery storage platform and subsidiary of LC Energy. S4 Energy is majority-owned by Castleton Commodities International. With this acquisition, S4 Energy will be able to continue developing its existing portfolio of projects, which includes four 10 MW medium-voltage, 4-hour duration systems in the Netherlands, all of which are scheduled to become operational in 2025.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week&#8217;s funding <a href="https://mercomcapital.com/funding-and-ma-roundup-adden-energy-secures-15-million-in-series-a-funding/" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: Redoxblox Raises $30 Million in Series A Funding

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