From: Mercom Capital Group

Nexwell Power, a Nexwell Group institutional-grade platform focused on accelerating the energy transition, announced the acquisition of a 248 MW solar project portfolio from Q ENERGY, a renewable energy company headquartered in Berlin and an affiliate of the Hanwha Group. The portfolio comprises seven solar projects located across the regions of Andalusia and Aragon in Spain. Currently, four of the solar projects are under construction and are expected to begin operation in early 2026.

Dimension Energy, a community solar developer, owner, and operator, secured $360 million in construction and term financing to support the development of a portfolio of 28 community solar projects totaling 112 MWdc located in New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania. First Citizens Bank acted as lead debt syndicator alongside ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Advantage Capital provided $170 million in tax equity.

Peak Energy, an Asia-based renewable energy project developer, announced the completion of the acquisition of a portfolio of ready-to-build high-voltage solar projects totaling 48 MW of capacity in Japan, located across various regions of the country, including Tokyo and Tohoku. The solar projects are expected to reach commercial operations progressively over 2026-2027. Once operational, the portfolio is expected to produce approximately 60 GWh of zero-carbon electricity annually.

European Energy, a renewable energy project developer, reached financial closure of more than €70 million (~$80.72 million) to support the development and construction of two utility-scale solar projects in Australia. The financing will be used for the development of the 106 MW Lancaster solar project, currently under construction in Victoria, and the 31 MW Mulwala solar project, located in New South Wales. The construction of the Mulwala project is expected to begin in the third quarter of 2025.

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

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