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					</table><p>From: <a href="https://mercomcapital.com/lightsource-bp-sells-solar-storage-project/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Lightsource bp, a solar project developer, </strong><a href="https://mercomcapital.com/lightsource-bp-sells-49-9-mw-solar-storage-project-to-schroders-greencoat/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the sale of the 49.9 MWac Tiln Farm solar and co-located 25 MW/50 MWh (two-hour duration) energy storage project</strong> to Schroders Greencoat, an investment manager dedicated to renewable infrastructure. The Tiln Farm project is located near Retford in Nottinghamshire, UK. The project began construction in 2022.</p>
<p><strong>Enfinity Global, a U.S.-based renewable energy project developer, announced the financial </strong><a href="https://mercomcapital.com/enfinity-global-secures-558-million-financing-solar-projects-italy/" target="_blank" rel="noopener"><strong>close</strong></a><strong> of €500 million (~$558.73 million)</strong>, which will support the development and construction of around 1.5 GW of solar projects in Italy. The funding has been provided through a club deal structure in partnership with several investors, including Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management, and QIC (Queensland Investment Corporation).</p>
<p><strong>Clearway Energy Group, a developer and operator of clean energy projects, </strong><a href="https://mercomcapital.com/clearway-secures-550-million-financing-for-solar-and-storage-project/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> $550 million in financing for developing its Rosamond South I solar and storage project</strong> in Kern County, California. Upon completion, the solar portion will have a total capacity of 140 MW, and the storage capacity will be 118 MW.  The company has started constructing the Rosamond South I project and is expected to reach commercial operations in 2025.</p>
<p><strong>Sun Investment Group, a solar project developer and investment management company, </strong><a href="https://mercomcapital.com/sig-secures-construction-bridge-facility-29-mw-solar-project-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a €16 million (~$17.87 million) construction bridge financing facility</strong> from an international debt fund. The funding will support the development of a portfolio of solar projects totaling 29 MW across Poland.</p>
<p><strong>Sunly, a renewable energy power producer, </strong><a href="https://mercomcapital.com/sunly-secures-335-million-for-hybrid-renewable-projects-in-baltics-and-poland/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €300 million ($335.15 million) financing from Scandinavian and French investors</strong> for developing 1.3 GW of solar, wind, storage, and hybrid projects. The funding will support the development of large-scale hybrid projects across the Baltics and Poland. The investors include Rivage Investment, which operates in France through a fund dedicated to solutions to climate problems; Copenhagen Infrastructure Partners through the Green Credit I fund; and Norway pension fund, KLP.</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-swift-current-energy-secures-financing-for-800-mw-solar-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Lightsource bp Sells 49.9 MW Solar and Storage Project


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-green-genius-financing-solar-projects/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Green Genius, a renewable energy company, has </strong><a href="https://mercomcapital.com/green-genius-secures-94-million-financing-for-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €87 million (~$94 million) in debt financing for the construction of a 121 MW solar project in Jekabpils, Central East of Latvia</strong>. The company received funding from two banks, of which €26 million (~$28 million) was provided by Berenberg Bank, and Nord LB provided a €61 million (~$66 million) loan. The total planned investment for the project is over €100 million (~$108 million).</p>
<p><strong>Technique Solaire Group, an independent producer of renewable energy, </strong><a href="https://mercomcapital.com/technique-solaire-group-acquires-solar-projects-in-netherlands-and-spain-totaling-58-mw/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of ready-to-build solar projects in the Netherlands and Spain</strong> with a total capacity of 58 MW. The deal includes the acquisition of 10 solar projects, of which two projects are located in the Netherlands while eight are in Spain. The projects in the Netherlands represent a total capacity of 26 MW with an individual capacity of 15 MW and 11 MW located in Gelderland province, in Beuningen and Druten, respectively.</p>
<p><strong>Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and Inpex Corporation, </strong><a href="https://mercomcapital.com/enel-green-power-australia-secures-financing-solar-energy-storage-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> project financing of over A$190 million</strong> (~$126 million) to develop Quorn Park Hybrid Project, which includes a 98 MW solar project and a 20 MW/40 MWh battery energy storage system. The project will be jointly financed by a combination of equity provided by EGPA’s shareholders and debt facilities from a group of two lenders comprising Westpac and Bank of China. The construction of the hybrid project will begin in the third quarter of 2024.</p>
<p><strong>The International Finance Corporation will partially </strong><a href="https://www.mercomindia.com/ifc-invests-105-million-in-brookfields-500-mw-solar-project-in-rajasthan" target="_blank" rel="noopener"><strong>finance</strong></a><strong> a 550 MW solar power project being developed by Brookfield Asset Management in Bikaner</strong>, Rajasthan, with a $105 million investment. The investment will be through long-term non-convertible debentures assigned to the project’s special purpose vehicles, which will implement the project.</p>
<p><strong>Sun Investment Group, a solar project developer and investment management company, </strong><a href="https://mercomcapital.com/sun-investment-group-secures-debt-financing-for-2-gw-solar-pv-pipeline/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> debt financing for a pipeline of mid- to late-stage solar projects</strong> with a total capacity of 1,970 MW located in Poland. The funding was entirely subscribed by an international debt fund and will support the development of the projects. The pipeline comprises 323 individual projects ranging from 1 MW to 120 MW capacity, including approximately 100 MW at the ready-to-build stage, along with 1,120 MW of mid-stage and 750 MW of early-stage projects.</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-british-solar-secures-funding-for-solar-and-storage-projects/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Green Genius Secures $94 Million Financing for Solar Projects

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