From: Mercom Capital Group

Lightsource bp, a renewable energy project developer, and Pinnacle Financial Partners announced the closing of $97.9 million tax equity financing for the 187 MW Peacock Solar project located in San Patricio County, Texas. The partnership marks their second transaction and Pinnacle’s first production tax credit equity investment, reflecting the growing momentum in renewable energy financing in the U.S.

Copenhagen Infrastructure Partners, a fund manager within greenfield energy investments, on behalf of its fund Copenhagen Infrastructure IV, has entered into an agreement to divest a 50% ownership stake in the Coalburn 2 project to funds managed by AIP Management, an investor that specializes in energy and decarbonization infrastructure. The Coalburn 2 project, located in South Lanarkshire, southern Scotland, is a 500 MW/1,000 MWh lithium-ion storage project currently under construction.

Singapore-based renewable energy platform, Blueleaf Energy, and Noida-based Jakson Green have announced the financial close of 840 MW ground-mounted solar projects in Bikaner, Rajasthan. This capacity comprises a 280 MW and a 560 MW project. These projects are part of the $400 million 1 GW solar project portfolio in Rajasthan, for which Blueleaf and Jackson had partnered in January this year. This portfolio also includes the under-construction 140 MW solar project in Bhawad, scheduled for commissioning this year.

Aukera, a Europe-based renewable energy developer and independent power producer, has secured €14 million (~$16.28 million) in senior financing for the development of its Erisweiler I and II solar projects, totaling 37.48 MW in Germany. Volksbank Sauerland eG provided the funding for the projects. Capcora acted as the exclusive financial advisor for the transaction.

Greenflash, a Houston-based energy infrastructure company focused on the acquisition, development, financing, ownership, and operation of grid-scale energy assets, announced the acquisition of the 200 MW/400 MWh Rock Rose stand-alone battery energy storage project. The project was acquired from Advanced Power, a renewable energy project developer that owns and operates solar and storage projects. The project, located in Fort Bend County, Texas, is expected to receive Notice to Proceed in 2026 and commence commercial operations by mid-2027.

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.