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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-pivot-energy-secures-tax-equity-investment/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Pivot Energy, a solar project developer, has </strong><a href="https://mercomcapital.com/pivot-energy-secures-tax-equity-investment-from-walmart/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> tax equity investment from the U.S. retail chain Walmart to develop 19 solar projects</strong> across the country. The strategic investment will facilitate the projects’ construction, operation, and maintenance, including 15 community solar projects spread across five states – Illinois, Colorado, Maryland, Delaware, and California. Besides the tax equity investment agreement with Pivot Energy, Walmart is also investing in seven community solar projects developed by Reactivate.</p>
<p><strong>VH Global Sustainable Energy Opportunities, a renewable energy investment firm, has agreed to </strong><a href="https://mercomcapital.com/vh-global-sustainable-energy-acquires-solar-and-storage-projects/" target="_blank" rel="noopener"><strong>acquire</strong></a><strong> and develop two solar projects</strong> co-located with energy storage systems in New South Wales, Australia, for £16.9 million (~$21.33 million). The investment is part of the Australian solar and energy storage investment program, as announced in August 2021. This investment has elevated the total commitment to the program from the original £50 million (~$63.12 million) to £58.5 million (~$73.85 million).</p>
<p><strong>Aspen Power, a distributed generation platform developer, <a href="https://mercomcapital.com/aspen-power-acquires-solar-projects/" target="_blank" rel="noopener">announced</a> the acquisition of eight ground-mounted solar power projects</strong> in Pennsylvania and New York, totaling 41 MW. The projects were acquired from Solar Site Developers, a solar project developer who will also co-develop the project with Aspen Power. The projects are currently in the engineering design stage, with construction expected to begin in the coming months.</p>
<p><strong>Private energy company DTEK Group, via its EU-focused renewable energy subsidiary DRI, </strong><a href="https://mercomcapital.com/dtek-group-acquires-133-mw-energy-storage-project-in-poland/" target="_blank" rel="noopener"><strong>signed</strong></a><strong> a final, binding share purchase agreement with Columbus Energy</strong>, a Poland-based company engaged in the renewable energy equipment and services industry, and acquired a 133 MW energy storage project in Poland. The agreement represents DTEK’s first substantial infrastructure investment in Poland. Through DRI, DTEK aspires to establish a portfolio of renewable energy projects totaling 5 GW across Europe by 2030.</p>
<p>Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.</p>
<p>Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-recurrent-energy-acquires-420-mw-solar-portfolio-in-spain/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Pivot Energy Secures Tax Equity Investment from Walmart


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-recurrent-energy-secures-solar-project-oklahoma/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, a vertically integrated silicon ingot, wafers, and photovoltaic cells and modules manufacturer, has </strong><a href="https://mercomcapital.com/recurrent-energy-secures-project-financing-for-north-fork-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $112 million project financing</strong> for its 160 MW (120 MWac) North Fork Solar project in Oklahoma City. NordLB acted as Coordinating Lead Arranger and Joint Lead Arranger. Rabobank acted as Joint Lead Arranger. The project is expected to be operational in 2024. Oklahoma Municipal Power Authority will purchase 100% of the energy produced by North Fork Solar under a 15-year agreement.</p>
<p><strong>SunVest Solar, a vertically integrated distributed solar project developer, </strong><a href="https://mercomcapital.com/sunvest-solar-secures-construction-loan-facility/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> a $60 million construction loan facility to support 50 MW of community solar project</strong>s across Illinois, Maine, and Minnesota through the remainder of 2023 and into 2024. All the projects under the facility will be owned and operated by SunVest, bringing its total assets under management to over 125 MW.</p>
<p><strong>United States-based Peregrine Energy Solutions, a clean energy platform with a strategic focus on utility-scale energy storage, has </strong><a href="https://www.mercomindia.com/peregrine-for-clean-energy-expansion-in-us" target="_blank" rel="noopener"><strong>announced</strong></a><strong> a partnership</strong> with AB CarVal, a global alternative investment manager, to raise more than $700 million in credit, equity, and debt financing. The funding will be directed toward Peregrine’s substantial pipeline of projects, encompassing over 7 GW of technologies, including standalone battery, solar, and wind systems.</p>
<p><strong>Aspen Power, developer of a distributed generation platform focused on solar and storage assets across the U.S., along with Foss &amp; Company, an investment fund sponsor, </strong><a href="https://mercomcapital.com/aspen-power-foss-company-secure-tax-equity-solar-projects/" target="_blank" rel="noopener"><strong>announced</strong></a> a $60 million tax equity funding for 27 solar projects across four states totaling 82.8 MW. Of the 27 solar projects, 19 are operational, and the complete portfolio represents 82.8 MW of solar generating capacity.</p>
<p><strong>Germany-based independent power producer Encavis </strong><a href="https://www.encavis.com/en/newsroom/press-releases/2585019-encavis-ag-acquires-its-first-battery-project-to-optimise-the-marketing-of-electricity-from-german-wind-and-solar-parks" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> a 12MW/24MWh ready-to-build battery energy storage project</strong> in Hettstedt, Germany. The project is based on lithium-ion technology and is scheduled to be connected to the grid in the first half of 2024.</p>
<p>Click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a> for reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors.</p>
<p>Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-lynher-energy-secures-solar-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Recurrent Energy Secures $112 Million for Solar Project in Oklahoma

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