From: Mercom Capital Group

Origis Energy, a renewable energy platform, reached financial close on an approximately $545 million senior secured project financing with Natixis Corporate & Investment Banking and Santander Corporate & Investment Banking for three utility-scale solar projects (the Rockhound Projects). The portfolio, in Ector County, Texas, has a combined installed capacity of 413 MW.

Enery, an independent power producer in Central and Eastern Europe, reached a close on a €460 million (~$535 million) syndicated green project financing to fund the construction of its Ogrezeni hybrid project in Giurgiu County, Romania. The project, which combines solar with battery energy storage systems, has an installed capacity of 761 MWp/534 MWac and over 1 GWh of battery storage capacity.

Avantus, a developer of utility-scale solar and solar-plus-storage projects, secured a financing package of more than $300 million with Banco Bilbao Vizcaya Argentaria and Canadian Imperial Bank of Commerce, New York Branch, for the Kitt solar and energy storage project. Located in Pinal County, Arizona, the project includes 100 MWac/130 MWdc of solar and 400 MWh of energy storage.

Nofar USA, the U.S. subsidiary of Israeli renewable energy independent power producer Nofar Energy, closed its previously approved acquisition of approximately 1 GW of solar energy projects from Pine Gate Renewables, a utility-scale solar project developer. The acquired portfolio comprises operating and development-stage utility-scale solar projects across Texas, Alabama, South Carolina, and North Carolina.

BayWa r.e., a renewable energy project developer, completed the sale of 100% of the share capital of its subsidiary WHF 01 to NetOn Power, a renewable energy platform launched by investment firms Quantum Energy Partners and 547 Energy. The special-purpose vehicle, controlled by BayWa r.e. Power Solutions, includes a portfolio of four commercial and industrial solar rooftop and carport projects located across Italy, totaling approximately 14 MWp.

Bank of Baroda raised ₹100 billion (~$1.1 billion) through green infrastructure bonds to support long-term funding for renewable energy and sustainable infrastructure projects. The Series I Long-Term Green Infrastructure Bonds received total bids of ₹164.15 billion (~$1.8 billion), which was over three times the base issue size of ₹50 billion (~$545.65 million). The bank had offered a greenshoe option of an additional ₹50 billion (~$545.65 million).

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

Read last week’s project finance brief.