From: Mercom Capital Group

esVolta, a developer, owner, and operator of utility-scale battery energy storage projects, has expanded its corporate credit facility to up to $450 million to support new energy storage projects across North America. Nomura Securities International, a global investment bank in the energy and infrastructure sectors, led the transaction, which increases esVolta’s existing $200 million facility, which closed in March 2024.

Maxwell Power, formerly known as HDM Renewable Finance, a company that provides financing for residential solar and battery storage systems, has announced that it has closed a $750 million investment commitment from Fairtide Partners to finance battery storage and solar power projects. The company said the rebrand reflects its shift from a residential solar and battery storage finance provider to a full-service consumer-facing power brand.

Sabanci Renewables, a renewable energy project developer, has secured $533 million in financing for two solar projects in Texas, totaling 286 MW. The financing includes $382 million in project financing and $151 million in tax equity financing for the Pepper Solar Power Project in McLennan County and the Lucky 7 Solar Power Project in Hopkins County. Pepper Solar has a capacity of 156 MW, while Lucky 7 has 130 MW. Both projects are expected to achieve commercial operation in the second half of 2027, according to the company.

Svea Solar Utility, an independent renewable power producer, has secured a holding company (HoldCo) financing facility of up to €185 million (~$216 million) from Eiffel Investment Group and Arkéa Asset Management to expand its solar and energy storage portfolio in Sweden. The HoldCo facility will provide flexible capital to fund the platform’s investment requirements across the project lifecycle. The company said the funding will support the development, construction, and operation of utility-scale solar photovoltaic and energy storage assets.

Aukera Energy, a renewable energy and battery storage developer, has reached financial close of €97.5 million (~$106 million) on Project Volt, a 170 MW/340 MWh battery energy storage project in La Louvière, Belgium. ABN AMRO Bank and Triodos Bank are providing senior debt for the project as co-lead arrangers and bookrunners. ABN AMRO is also acting as a structuring bank, hedging bank, account bank, and agent. Belgian institutional investors are providing junior debt. I4B acted as lead junior lender, alongside Wallonie Entreprendre and SOCOFE.

Fidra Energy, a battery storage project developer backed by EIG and the National Wealth Fund, has acquired the 1,025 MW Enderby battery storage project in Leicestershire, U.K., from Innova, an independent developer of renewable energy projects and data centers. Innova received planning consent for the project in May 2025. The regulator is expected to decide on the project’s application under the scheme in the summer of 2026. Fidra expects to make a final investment decision in 2027, with operations beginning in 2029.

Qualitas Energy, an investment firm specializing in renewable energy, energy transition, and sustainable infrastructure, has acquired a development-stage solar project in Illinois, U.S., with a planned capacity of 164 MW from Bechtel Enterprises. The transaction was carried out through Qualitas Energy Fund VI, which was launched at the end of 2025. The company said it will use its investment, development, and asset management capabilities to advance the project through its next phases, including offtake strategy, procurement, construction planning, and financing.

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