From: Mercom Capital Group

Solar Landscape, a U.S.-based developer and operator of distributed solar and storage projects, has secured a development financing facility of up to $150 million from Copenhagen Infrastructure Partners to support its U.S. distributed solar pipeline. Copenhagen Infrastructure Partners will provide the capital through its Green Credit Fund II. The facility will initially support approximately 250 MW of mid-stage and late-stage distributed solar projects.

European Energy, a renewable energy project developer, has secured £58.1 million (~$78.5 million) in construction financing for its Indian Queens hybrid renewable energy project in Cornwall, U.K. The project comprises a 68 MW solar park and a 47.5 MW/95 MWh battery storage system. Construction is underway, with commercial operations expected to begin in 2027. The financing from Danske Bank further strengthens European Energy’s ability to deliver large-scale renewable energy infrastructure across key European markets.

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has reached financial close for the La Esperanza Solar project in Mexico. Located in Campeche, Mexico’s Yucatán Peninsula, the project will comprise 420 MW of solar capacity and a 150 MW/750 MWh battery energy storage system. La Esperanza Solar is CIP’s first investment in Mexico to reach financial close, with commercial operations expected in 2028. Construction of the project has begun.

Heelstone Renewable Energy, an independent power producer and a Qualitas Energy company, has acquired the development-stage Cypress Pointe Solar project in Texas. Located in Sabine County within the Southwest Power Pool market, the project has a planned capacity of approximately 188 MW. Heelstone expects it to begin commercial operations in 2029.

Engineering, procurement and construction company Dilip Buildcon’s board of directors has approved the divestment of its stakes in an under-construction solar project in Madhya Pradesh and a power transmission project in Karnataka to Alpha Alternatives Fund Advisors. The projects have a combined cost of approximately ₹84 billion (~$881.58 million). The consideration for the transaction will be determined through a phased subscription and closing mechanism, in accordance with the terms agreed between the parties.

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

Read last week’s project finance brief.