Grew Energy to Build 3.2 GW Solar Module Facility in Jammu & Kashmir

East Central Railway Invites Bids for 1.1 MW Rooftop Solar Projects

First Solar’s Thin Film Modules Approved for Use in DCR Solar Projects

THDC Invites Bids for 600 MW-2,000 MW Pumped Storage Projects

India Now Third Largest Solar Power Producer But Emissions Rise in 2023: Report

Flux Power’s Q3 Net Loss Up 83% YoY as Operating Expenses Rise

Researchers Strategize Reduction of Water Use in Solar Cell Manufacturing

Array Technologies Swings to Q1 Loss as Lower Prices Bite

Canadian Solar’s Q1 Profits Dip 85% on Lower Module Demand and Prices

SMA Solar Net Income Plunges 44.8% YoY in Q1 2024 on Increased Costs


					<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_63283.mp3?version=1707885216">
			</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-recurrent-energy-project-financing/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Recurrent Energy, a solar project developer and a wholly owned subsidiary of Canadian Solar </strong><a href="https://mercomcapital.com/recurrent-energy-secures-160-million-project-financing/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $160 million in project financing</strong> for the 127 MW<sub>dc </sub>Bayou Galion Solar project located in Morehouse Parish in Northeast Louisiana. The project is under construction and is expected to be operational by fall 2024. The company began the development of the Bayou Galion Solar project in 2018, and construction began in December 2023.</p>
<p><strong>Nautilus Solar Energy, on behalf of its affiliate Nautilus US Power Holdco, has </strong><a href="https://mercomcapital.com/nautilus-acquires-12-7-mw-community-solar-portfolio/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> a 12.7 MW portfolio of community solar projects</strong> in New York from SoIAmercia Energy. Both solar projects are expected to be fully operational in 2024. Once completed, the community solar projects are expected to provide clean energy to power over 1,800 residential subscribers within the National Grid utility territory.</p>
<p><strong>SMT Energy, an energy storage project developer, </strong><a href="https://www.prnewswire.com/news-releases/smt-energy-sells-400-megawatts-of-battery-energy-storage-facilities-to-ubs-asset-management-302055312.html" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the sale of 400 MW of battery energy storage projects</strong> in Texas to UBS Asset Management. The projects are connected to the ERCOT power grid and are on track to come online in 2024 and 2025.</p>
<p><strong>Sonnedix, an independent solar power producer, </strong><a href="https://mercomcapital.com/sonnedix-secures-280-million-green-loan-financing/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a €260 million (~$280 million) green loan to finance the acquisition and construction of renewable energy projects</strong> in Italy. The multi-borrower loan includes greenfield project finance for the construction of two photovoltaic plants located in Sicily and Sardinia with a total capacity of around 200 MW, as well as an acquisition finance line of an operating asset.</p>
<p><strong>Renewable energy power producer Sunly </strong><a href="https://mercomcapital.com/sunly-secures-71-million-funding-for-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €65.9 million (~$71.10 million) in senior non-recourse project funding from mBank</strong> to develop renewable energy projects in Poland. The funding will be used to construct 58 solar projects with a total capacity of about 98 MW. Most of them will be located in the south of Poland, in the provinces of Małopolska, Opole, Podkarpackie, Silesia, and Świętokrzyskie, but individual installations are also planned in other regions.</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-vesper-energy-solar-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Recurrent Energy Secures $160 Million Project Financing

smt-energy

Get the most relevant India solar and clean energy news.

RECENT POSTS