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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-dri-acquires-solar-project-italy/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>DRI, a renewable energy company based in Amsterdam and a subsidiary of the DTEK Group, has </strong><a href="https://mercomcapital.com/dri-acquires-166-mw-solar-project-portfolio-in-italy/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the signing and completion of a purchase agreement to develop a 166 MWp</strong> solar portfolio in Sardinia, Italy. The portfolio, named Project Nox, comprises four solar projects acquired from Enerland, a solar engineering, procurement, and construction firm. Construction is scheduled to commence in the second half of 2026.</p>
<p><strong>Enfinity Global, a renewable energy project developer, announced the </strong><a href="https://mercomcapital.com/enfinity-global-secures-174-million-financing-for-147-mw-solar-project-portfolio-in-italy/" target="_blank" rel="noopener"><strong>closing</strong></a><strong> of €165 million (~$173.84 million) in financing to develop a portfolio of three utility-scale solar projects</strong> totaling 147 MW located in Italy’s Lazio region. The projects will reach commercial operation by 2026. The funding was arranged through a club deal structure, with ING and Rabobank serving as lenders and mandated lead arrangers.</p>
<p><strong>Mahindra Susten, the clean-tech arm of the Mahindra Group, has </strong><a href="https://www.mercomindia.com/mahindra-susten-secures-for-560-mw-solar-projects" target="_blank" rel="noopener"><strong>closed</strong></a><strong> a financing deal worth ₹14.48 billion (~$170.6 million) with HDFC Bank and Axis Bank for its 560 MW solar projects</strong> in Gujarat and Rajasthan. The funding will facilitate the construction of these projects under long-term power purchase agreements with Gujarat Urja Vikas Nigam and Rajasthan Urja Vikas Nigam.</p>
<p><strong>Dimension Energy, a community solar project developer, </strong><a href="https://mercomcapital.com/dimension-energy-secures-284-million-financing-for-distributed-generation-solar-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $284 million construction and tax equity bridge loan to develop and construct a 122 MWdc distributed generation solar</strong> portfolio from First Citizens Bank, alongside ING, National Bank of Canada, Comerica, Cadence, Denham, and Siemens. The portfolio comprises 30 community solar projects across seven states, including Delaware, Illinois, Maine, New Jersey, New York, Pennsylvania, and Virginia.</p>
<p><strong>OX2, a solar and energy storage project developer, </strong><a href="https://mercomcapital.com/ox2-secures-76-million-financing-for-the-rutki-solar-project-in-poland/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €73 million (~$76.69 million) in financing for the 100 MW Rutki solar project in Poland</strong>. NORD/LB, a German commercial bank, provided the funding. The solar project is currently under construction and is expected to be fully operational by the end of 2025. The Rutki solar project, located in the Niemodlin municipality in southwestern Poland, will incorporate 145,000 ground-mounted photovoltaic modules.</p>
<p><strong>Solar Landscape, a commercial and industrial rooftop solar developer, </strong><a href="https://mercomcapital.com/solar-landscape-raises-847-million-for-rooftop-solar-projects-in-2024/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $847 million in project investment and financing in 2024</strong>. The funding will support the deployment of over 200 commercial rooftop solar installations across the U.S.</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-totalenergies-sells-50-of-2-gw-solar-storage-portfolio-in-texas/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: DRI Acquires 166 MW Solar Project Portfolio in Italy

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