From: Mercom Capital Group

Dimension Energy, a community solar developer, owner, and operator, secured $650 million in construction and term financing to support a portfolio of 25 community solar projects with a combined capacity of 132 MW in Pennsylvania, New York, New Jersey, and Illinois. First Citizens Bank, Mitsubishi UFJ Financial Group, ING Capital, and National Bank of Canada provided $415 million in debt financing, with Franklin Park contributing $235 million in tax equity.

Boralex, an independent renewable energy producer in North America and Europe, and Six Nations of the Grand River Development Corporation, a community development corporation, closed a $202 million financing for the 125 MW/500 MWh Oxford Battery Energy Storage Project, located in the township of South-West Oxford, Oxford County, Ontario, Canada. Canadian Imperial Bank of Commerce and National Bank of Canada provided the funding, with both acting as lead arrangers.

AXIAN Energy, a renewable energy project developer, closed €72 million (~$83 million) financing for the NEA Kolda photovoltaic project in the Casamance region of Senegal. The financing was structured by the Emerging Africa and Asia Infrastructure Fund and the Netherlands’ Entrepreneurial Development Bank, acting as arrangers, alongside the DEG-Deutsche Investitions- und Entwicklungsgesellschaft.

Münch Energie, a German-based decentralized energy supplier, secured three long‑term undisclosed project financings for its battery energy storage projects in Saxony‑Anhalt, Germany. The financing package comprises three separate transactions. A 100 MW/200 MWh project was arranged with a regional lender that remains undisclosed. Another 100 MW/200 MWh project was financed in partnership with DAL, as announced in January 2026. Additionally, a 50 MW/100 MWh project financing was secured with IKB Deutsche Industriebank AG.

Inox Clean Energy completed the acquisition of Vibrant Energy, a renewable energy platform owned by Macquarie and other shareholders, for approximately ₹50 billion (~$536.28 million). The transaction adds a renewable energy portfolio of about 1.34 GW to Inox Clean’s assets. Inox Clean Energy had reached an agreement to acquire Vibrant Energy in December last year. Vibrant Energy’s portfolio includes renewable assets across Madhya Pradesh, Maharashtra, Karnataka, Telangana, and Andhra Pradesh.

European Energy, a renewable energy project developer, completed the divestment of the 470 MW Jonava renewable energy project in Lithuania to Energix – Renewable Energies, an independent power producer that develops and operates renewable energy projects. The Jonava hybrid project comprises around 330 MWp of solar capacity, 140 MW of onshore wind capacity, and 320 MWh of energy storage. Construction is expected to commence shortly, with full commercial operation targeted for 2027.

For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.

Read last week’s project finance brief.