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AMPYR Solar Europe, an independent solar power producer, has <a href="https://cms.mercomindia.com/ampyr-solar-europe-secures-project-finance-facility/" target="_blank" rel="noopener">secured</a> a €200 million (~$215 million) project finance facility with Rabobank to construct and operate 350 MW of solar photovoltaic projects across Europe. The facility will be drawn immediately to finance three solar photovoltaic assets in the Netherlands, with more to follow later this year.
Spearmint Energy, a green energy trading and development company, <a href="https://cms.mercomindia.com/spearmint-energy-secures-bess-storage-projects-texas/" target="_blank" rel="noopener">closed</a> a $200 million credit facility with Aiga Capital Partners, an investment management firm. The term loan will support the development of Spearmint’s 1.2 GW / 2.4 GWh portfolio of battery energy storage system assets in Texas’ ERCOT power market and continued expansion of the Company’s innovative, utility-scale storage portfolio across the U.S.
Spain-based independent power producer Iberdrola and the European Investment Bank have signed a <a href="https://cms.mercomindia.com/iberdrola-secures-eib-renewable-energy-projects/" target="_blank" rel="noopener">loan</a> agreement worth €1 billion (~$1.07 billion) to bolster the energy transition in Europe by building 22 renewable energy projects with an installed capacity of 2.2 GW. The loan will help co-finance the construction of 19 solar power projects and three onshore wind farms in Spain, Portugal, and Germany.
The AES Corporation, a U.S.-based utility and power generation company, has <a href="https://cms.mercomindia.com/aes-andes-acquires-bolero-solar-project-chile/" target="_blank" rel="noopener">acquired</a> ownership of the Bellefield solar-plus-storage project with a capacity of 2 GW in the United States. Located in Kern County, California, the project comprises two phases, each of 500 MW of solar capacity and up to 500 MW of four-hour duration battery energy storage.
Q Energy, a solar, wind, and storage project developer, <a href="https://cms.mercomindia.com/q-energy-sells-solar-project-portfolio-spain/" target="_blank" rel="noopener">sold</a> a 76 MW solar project portfolio in Spain. The portfolio consists of two solar projects, around 38 MW each, in the Spanish province of Ciudad Real. The projects are ready to build and are expected to be connected to the grid by 2024. Q ENERGY will install more than 138,00 high-performance solar modules on trackers to maximize the system’s energy yields.
AES Andes, an electric utility company, has <a href="https://cms.mercomindia.com/aes-andes-acquires-bolero-solar-project-chile/" target="_blank" rel="noopener">acquired</a> a 146 MW solar project in Chile from EDF Renewables Chile and Marubeni Corporation. The Bolero solar project is located in the municipality of Sierra Gorda, in the Atacama Desert, in the region of Antofagasta. The photovoltaic project has an installed capacity of 146 MW over 518 hectares. The photovoltaic park is divided into two sections: Bolero Este and Bolero Oeste, with an installed capacity of 60 MWp and 86 MWp, respectively.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s project finance <a href="https://cms.mercomindia.com/project-finance-brief-solek-closes-379-million-for-solar-projects/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: AMPYR Secures $215 Million Project Finance Facility

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-ampyr-secures-project-finance-facility/" target="_blank" rel="noopener">Mercom Capital Group</a>
AMPYR Solar Europe, an independent solar power producer, has <a href="https://mercomcapital.com/ampyr-solar-europe-secures-project-finance-facility/" target="_blank" rel="noopener">secured</a> a €200 million (~$215 million) project finance facility with Rabobank to construct and operate 350 MW of solar photovoltaic projects across Europe. The facility will be drawn immediately to finance three solar photovoltaic assets in the Netherlands, with more to follow later this year.
Spearmint Energy, a green energy trading and development company, <a href="https://mercomcapital.com/spearmint-energy-secures-bess-storage-projects-texas/" target="_blank" rel="noopener">closed</a> a $200 million credit facility with Aiga Capital Partners, an investment management firm. The term loan will support the development of Spearmint’s 1.2 GW / 2.4 GWh portfolio of battery energy storage system assets in Texas’ ERCOT power market and continued expansion of the Company’s innovative, utility-scale storage portfolio across the U.S.
Spain-based independent power producer Iberdrola and the European Investment Bank have signed a <a href="https://mercomcapital.com/iberdrola-secures-eib-renewable-energy-projects/" target="_blank" rel="noopener">loan</a> agreement worth €1 billion (~$1.07 billion) to bolster the energy transition in Europe by building 22 renewable energy projects with an installed capacity of 2.2 GW. The loan will help co-finance the construction of 19 solar power projects and three onshore wind farms in Spain, Portugal, and Germany.
The AES Corporation, a U.S.-based utility and power generation company, has <a href="https://mercomcapital.com/aes-andes-acquires-bolero-solar-project-chile/" target="_blank" rel="noopener">acquired</a> ownership of the Bellefield solar-plus-storage project with a capacity of 2 GW in the United States. Located in Kern County, California, the project comprises two phases, each of 500 MW of solar capacity and up to 500 MW of four-hour duration battery energy storage.
Q Energy, a solar, wind, and storage project developer, <a href="https://mercomcapital.com/q-energy-sells-solar-project-portfolio-spain/" target="_blank" rel="noopener">sold</a> a 76 MW solar project portfolio in Spain. The portfolio consists of two solar projects, around 38 MW each, in the Spanish province of Ciudad Real. The projects are ready to build and are expected to be connected to the grid by 2024. Q ENERGY will install more than 138,00 high-performance solar modules on trackers to maximize the system’s energy yields.
AES Andes, an electric utility company, has <a href="https://mercomcapital.com/aes-andes-acquires-bolero-solar-project-chile/" target="_blank" rel="noopener">acquired</a> a 146 MW solar project in Chile from EDF Renewables Chile and Marubeni Corporation. The Bolero solar project is located in the municipality of Sierra Gorda, in the Atacama Desert, in the region of Antofagasta. The photovoltaic project has an installed capacity of 146 MW over 518 hectares. The photovoltaic park is divided into two sections: Bolero Este and Bolero Oeste, with an installed capacity of 60 MWp and 86 MWp, respectively.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week’s project finance <a href="https://www.mercomindia.com/project-finance-brief-solek-closes-379-million-for-solar-projects" target="_blank" rel="noopener">brief</a>.

<a href="https://www.aesandes.com/" target="_blank" rel="noopener">AES Andes</a>, an electric utility company, has acquired a 146 MW solar project in Chile from EDF Renewables Chile and Marubeni Corporation. The Bolero solar project is located in the municipality of Sierra Gorda, in the Atacama Desert, in the region of Antofagasta.
The photovoltaic project has an installed capacity of 146 MW over 518 hectares. The photovoltaic park is divided into two sections: Bolero Este and Bolero Oeste, with an installed capacity of 60 MWp and 86 MWp, respectively. It has approximately 470,000 solar panels and is connected by a 3-kilometer transmission line to the Laberinto substation, which AES Andes owns. It began commercial operations in April 2018, and its generation is equivalent to the energy needs of 181,000 homes.
&#8220;With the acquisition of Bolero Solar, we are accelerating our transformation by incorporating an excellent asset already in operation and expanding our solar hub in the north of the country. This will allow us to increase our capacity in the region and create important synergies in operating our photovoltaic plants in the Atacama Desert,&#8221; said Javier Dib, CEO of AES Andes.
The CEO of EDF Renewables Chile, Matías Steinacker, said that &#8220;the sale of Bolero follows a strategic decision by EDF Renewables and is part of a reorganization process aimed at diversifying our assets in the country. In addition to our renewable power plants in operation, we have a diversified portfolio of renewable energy, storage and hydrogen projects under development, which clearly shows our commitment to continue contributing to the country&#8217;s energy transition.”
According to Mercom’s Q1 2023 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/q1-2023-solar-funding-ma-report/" target="_blank" rel="noopener">Report</a>, there were 67 large-scale solar project acquisitions in Q1 2023, compared to 61 transactions in Q4 2022.
In a <a href="https://cms.mercomindia.com/ib-vogt-sells-solar-project-spain/" target="_blank" rel="noopener">recent</a> transaction, Ib vogt, a renewable energy project developer, agreed to sell the 149 MW Garnacha solar project in Spain to ERG, a renewable energy independent power producer. The transaction for the 100 % stake of Garnacha Solar SL is expected to close by the third quarter of 2023 and represents an enterprise value of 170 million euros (~$188 million).

AES Andes Acquires 146 MW Bolero Solar Project in Chile

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