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<p>From: <a href="https://mercomcapital.com/project-finance-brief-renesola-solar-portfolio/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>ReneSola Power, a fully integrated solar project developer, </strong><a href="https://tinyurl.com/mercompnln" target="_blank" rel="noopener noreferrer"><strong>announced</strong></a><strong> the sale of a portfolio of ground-mounted solar parks to Modus Asset Management, </strong>a Vilnius, Lithuania-based investment management company specialized in renewable energy investments. The portfolio was developed and constructed by ReneSola Power and included 16 projects equipped with bifacial solar panels for a combined capacity of 16 MW. All of the projects have been awarded a 15-year contract-for-difference (CfD) support mechanism in Poland, ensuring revenue stability.</p>
<p><strong>7X Energy, a utility-scale solar developer, owner, and asset manager, has </strong><a href="https://tinyurl.com/mercomnstl" target="_blank" rel="noopener noreferrer"><strong>partnered</strong></a><strong> with Nestle to be the sole tax equity investor for its 250 MW Taygete I Energy Project located in Pecos County, Texas.</strong> The projects combined represent a capital injection of over $1.5 billion. Taygete I construction activities are complete, and the project is in the final energization phase, with full commercial operation expected in early 2021. A portion of the energy generated from the Taygete I solar project will be sold through a long-term hedge agreement to J. Aron &amp; Company, a subsidiary of Goldman Sachs.</p>
<p><strong>Solarcentury, a solar project developer, </strong><a href="https://tinyurl.com/mercomnthr" target="_blank" rel="noopener noreferrer"><strong>acquired</strong></a><strong> the 11.3 MW Bollendonk solar project in Etten-Leur, Netherlands, from GroEnergie Groep.</strong> Solarcentury will develop, build, and operate the project. The project covers ​​10 hectares and will generate enough clean electricity for over 3,800 households. Solarcentury hopes to begin constructing the project in September 2021, aiming for a final connection in winter.</p>
<p><strong>Summit Ridge Energy, an owner-operator of community solar projects, and NT Solar, a subsidiary of the National Trust Community Investment Corporation, </strong><a href="https://tinyurl.com/mercomsmer" target="_blank" rel="noopener noreferrer"><strong>announced</strong></a><strong> closing a tax equity partnership to finance eleven community solar projects totaling 27 MW</strong> across Illinois and Maryland. The portfolio is expected to be placed in service in 2020.</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 noreferrer"><strong>here</strong></a>.</p>
<p>Read last week&#8217;s project finance <a href="https://mercomindia.com/project-finance-brief-capital-dynamics/" target="_blank" rel="noopener noreferrer"><strong>brief</strong></a>.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/staff/" class="vcard author" rel="author"><span class="fn">Staff</span></a></div><div class="saboxplugin-desc"><div itemprop="description"></div></div><div class="clearfix"></div></div></div>

Project Finance Brief: ReneSola Sells 16 MW Solar Portfolio to Modus Asset Management

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