From: Mercom Capital Group

Zenobē, a U.K.-based owner and operator of grid-scale battery storage, has announced the acquisition of a 400 MW ready-to-build battery energy storage system in Low Harker, Cumbria, from Innova, a U.K.-based renewable energy project developer. Innova received planning consent on the project in October 2023 and has been developing the Harker site since 2022. The storage project is scheduled for connection in 2028.

Helexia, a solar project developer and a subsidiary of Voltalia, raised a second incremental tranche of its financing program, amounting to €50 million (~$58 million), to support the development of its solar project portfolio across Europe. The financing will strengthen Helexia’s resources to integrate 240 new rooftop and carport solar installations into operation across five European countries, including Belgium, France, Italy, Portugal, and Spain.

Verano Energy, a utility-scale solar and green hydrogen project developer, has secured a $204 million project finance facility for its Domeyko hybrid project, which includes an 83 MW solar with 660 MWh of battery energy storage system. The under-construction project is  located in northern Chile near Vallenar in the Atacama region. The project is scheduled for commercial operation by the end of 2026.

Statkraft, a Norway-based renewable energy company, has sold a 120 MWp operational solar project portfolio to the Dutch renewable energy supplier Greenchoice. In the Netherlands, a share purchase agreement has been signed with Greenchoice for the acquisition of 120 MWp of operational solar assets, along with a development portfolio of solar, wind, and battery projects, and the integration of a team of experienced professionals. The transaction is expected to close in the autumn this year. The financial details of the transaction remained undisclosed.

Meridian Energy, a New Zealand-based power company, and Nova Energy, a Wellington-based energy company, secured NZ$300 million (~$177 million) in project financing for the first 200 MW phase of the Te Rahui solar project located at Rangitāiki near Taupō, New Zealand. The project offtake will be shared 50-50 under a power purchase agreement with Meridian for 100% of the offtake and a contract for difference with Nova for 50%.

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.