From: Mercom Capital Group

Doral Renewables, a utility-scale renewable energy project developer, secured $1.5 billion in construction project financing for the Mammoth South, Mammoth Central I, and Mammoth Central II solar projects in Pulaski County, Indiana. All three projects have a generation capacity of 300 MWac each and form part of the larger 1.3 GW Mammoth Solar project. The projects are ground-mounted single-axis PV systems, under construction, and expected to begin commercial operation in Q4 2026.

Deriva Energy (formerly Duke Energy Renewables), a clean power generation and a portfolio company of Brookfield, announced the completion of a $127 million debt financing for a portfolio of operational solar and wind projects. The Ledyard wind is a 207 MW wind project in Kossuth County, Iowa, and the Pisgah Ridge is a 250 MW solar project in Navarro County, Texas. Both projects began commercial operations in 2022 and sell power under long-term power purchase agreements.

Solaria, a Europe-based renewable energy project developer, has entered into an agreement in principle with Banco Sabadell for the long-term financing of a 175 MW solar project in Spain. The financing will be used for the development of the 175 MW Oliva solar project, which will be developed in the province of Guadalajara, Spain.

India-based rooftop solar engineering, procurement, and construction services provider Roofsol Energy has secured ₹2.1 billion (~$24.67 million) in funding from Aseem Infrastructure Finance. The funding will be used to develop 92.66 MWp of rooftop and group captive solar projects across multiple locations in India. This funding round follows Roofsol Energy’s earlier funding in October last year, when the company raised ₹255 million (~$3.03 million) through its inaugural equity funding round.

BW ESS, an energy storage project developer and operator, secured debt financing from Westpac, an Australian bank, and United Overseas Bank (UOB) based in Singapore. The company will use the funding to operate its 100 MW/331 MWh Bramley Battery Energy Storage project in Hampshire, U.K. According to the agreement, Westpac and UOB will each contribute 50% to the debt facility.

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

Read last week’s project finance brief.