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DESRI, a renewable energy project developer, in partnership with Ranger Power, a utility-scale clean power development company, <a href="https://cms.mercomindia.com/desri-and-ranger-power-secure-financing-for-250-mw-solar-project/" target="_blank" rel="noopener">announced</a> the financial close for the 250 MWac Show Me State Solar project in Callaway County, Missouri. The company did not disclose the financial details of the transaction and announced the start of the project’s construction. The project is expected to reach commercial operations in 2026 and has a power purchase agreement with an affiliate of Meta.
The L&amp;G NTR Clean Power (Europe) Fund, a joint partnership between L&amp;G’s asset management division, a global investor, and NTR, an Ireland-based renewable energy investor, <a href="https://cms.mercomindia.com/lg-ntr-clean-power-fund-acquires-211-mw-solar-and-battery-project-portfolio/" target="_blank" rel="noopener">announced</a> the acquisition of Project Monvallet, a ready-to-build solar and battery energy storage portfolio, with a combined capacity of 211 MW. The project has been acquired from Strategic Power Projects, an Irish project developer.
Aura Power, a solar and energy storage project developer, <a href="https://cms.mercomindia.com/aura-power-secures-41-million-financing-for-a-solar-project-in-uk/" target="_blank" rel="noopener">secured</a> £33.1 million (~$41.1 million) project financing to develop and construct the 40 MW Burtree Lane solar project in Darlington, U.K. This is the second project in Aura Power’s 400 MWp+ solar portfolio to reach financial close with Rabobank, the first being a $39 million debt facility for the 49.9 MW Kemble solar project in October 2024.
Lightsource bp, a solar project developer, announced the <a href="https://cms.mercomindia.com/lightsource-bp-acquires-15-mw-solar-project-in-japan/" target="_blank" rel="noopener">acquisition</a> of a 15 MWp solar project in Hokkaido, Japan, from an undisclosed seller. The company did not disclose the financial details of the transaction. This acquisition marks Lightsource bp’s entry into Japan’s renewable energy market as well as further expansion in the Asia-Pacific region.
Click <a href="https://cms.mercomindia.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.
Read last week&#8217;s project finance <a href="https://cms.mercomindia.com/project-finance-brief-invenergy-secures-solar-projects/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: DESRI, Ranger Power Secure Financing for 250 MW Solar Project

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-desri-ranger-power-financing-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a>
DESRI, a renewable energy project developer, in partnership with Ranger Power, a utility-scale clean power development company, <a href="https://mercomcapital.com/desri-and-ranger-power-secure-financing-for-250-mw-solar-project/" target="_blank" rel="noopener">announced</a> the financial close for the 250 MWac Show Me State Solar project in Callaway County, Missouri. The company did not disclose the financial details of the transaction and announced the start of the project’s construction. The project is expected to reach commercial operations in 2026 and has a power purchase agreement with an affiliate of Meta.
The L&amp;G NTR Clean Power (Europe) Fund, a joint partnership between L&amp;G’s asset management division, a global investor, and NTR, an Ireland-based renewable energy investor, <a href="https://mercomcapital.com/lg-ntr-clean-power-fund-acquires-211-mw-solar-and-battery-project-portfolio/" target="_blank" rel="noopener">announced</a> the acquisition of Project Monvallet, a ready-to-build solar and battery energy storage portfolio, with a combined capacity of 211 MW. The project has been acquired from Strategic Power Projects, an Irish project developer.
Aura Power, a solar and energy storage project developer, <a href="https://mercomcapital.com/aura-power-secures-41-million-financing-for-a-solar-project-in-uk/" target="_blank" rel="noopener">secured</a> £33.1 million (~$41.1 million) project financing to develop and construct the 40 MW Burtree Lane solar project in Darlington, U.K. This is the second project in Aura Power’s 400 MWp+ solar portfolio to reach financial close with Rabobank, the first being a $39 million debt facility for the 49.9 MW Kemble solar project in October 2024.
Lightsource bp, a solar project developer, announced the <a href="https://mercomcapital.com/lightsource-bp-acquires-15-mw-solar-project-in-japan/" target="_blank" rel="noopener">acquisition</a> of a 15 MWp solar project in Hokkaido, Japan, from an undisclosed seller. The company did not disclose the financial details of the transaction. This acquisition marks Lightsource bp’s entry into Japan’s renewable energy market as well as further expansion in the Asia-Pacific region.
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.
Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-invenergy-secures-solar-projects/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.aurapower.com/" target="_blank" rel="noopener">Aura Power</a>, a solar and energy storage project developer, secured £33.1 million (~$41.1 million) project financing to develop and construct the 40 MW Burtree Lane solar project in Darlington, U.K.
This is the second project in Aura Power’s 400 MWp+ solar portfolio to reach financial close with Rabobank, the first being a $39 million debt <a href="https://cms.mercomindia.com/aura-power-secures-39-million-project-financing-for-kemble-solar-project/" target="_blank" rel="noopener">facility</a> for the 49.9 MW Kemble solar project in October 2024.
Ben Moore, Director at Aura Power, said: “Reaching financial close on Burtree Lane is a fantastic next step for us in developing our operational U.K. solar portfolio. We’re looking forward to breaking ground in the summer and energizing early next year”.
The Burtree Lane solar project received planning approval in November 2022. Once operational, the project is expected to generate enough clean electricity to power around 14,000 homes while offsetting approximately 10,000 tonnes of CO2 annually, according to Aura Power.
Paul Graafland, Associate Director at Rabobank, said: “We are thrilled to partner with Aura Power on the Burtree Lane Solar PV project and in turn aid in their broader goal of developing 400MWp+ UK Solar Portfolio. This financing underscores Rabobank’s cooperative commitment to financing the energy transition and supporting sustainable energy solutions&#8221;.
According to Mercom’s Annual and Q4 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-and-q4-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, large-scale project funding deals in 2024 totaled $53.8 billion in 259 deals, up from $44.5 billion raised in 229 deals in 2023.
Earlier this week, DESRI, a renewable energy project developer, in partnership with Ranger Power, a utility-scale clean power development company, <a href="https://cms.mercomindia.com/desri-and-ranger-power-secure-financing-for-250-mw-solar-project/" target="_blank" rel="noopener">announced</a> the financial close for the 250 MWac Show Me State Solar project in Callaway County, Missouri. The company did not disclose the financial details of the transaction and announced the start of the project’s construction.

Aura Power Secures $41 Million Financing for a Solar Project in UK

Mainstream Renewable Power, a solar and wind project developer, announced the financial <a href="https://cms.mercomindia.com/mainstream-secures-financing-for-50-mw-solar-project-in-south-africa/" target="_blank" rel="noopener">closure</a> of its 50 MW Ilikwa solar project in the Free State province of South Africa. The financial details of the transaction remained undisclosed. Construction has already begun on the project, and commercial operation is expected in early 2026. Once fully operational, the solar project is expected to produce 141 GWh of clean electricity annually, enough to power over 42,000 households.
Enerside, a Spain-based vertically integrated solar company, <a href="https://cms.mercomindia.com/enerside-sells-5-mw-solar-project-portfolio-in-brazil/" target="_blank" rel="noopener">announced</a> the sale of two Brazilian distributed-generation solar projects totaling 5 MW (6.6 MWp) to IVI ENERGIA, a Brazilian energy company owned by investment fund Brookfield Renovables. IVI ENERGIA acquired the projects at R$20.8 million (~$3.77 million), approximately €1.3 million/MW (~$235,936/MW) for the project in operation and €100,000/MW (~$18,148.9/MW) for the ready-to-build project.
BrightNight, an independent renewable energy power producer, <a href="https://cms.mercomindia.com/brightnight-secures-tax-equity-financing-solar-project/" target="_blank" rel="noopener">announced</a> the financial closure of a $260 million tax-equity financing commitment, including deferred contributions, for the development of 300 MW Box Canyon solar project, jointly owned with Cordelio Power in Arizona.The project is expected to become operational in the first half of 2025.
Aura Power, a Bristol-based renewable energy project developer, <a href="https://cms.mercomindia.com/aura-power-secures-39-million-project-financing-for-kemble-solar-project/" target="_blank" rel="noopener">secured</a> £30 million (~$39.28 million) in a project financing debt facility from Coöperatieve Rabobank to construct the 49.9 MW Kemble solar farm in the U.K. ib vogt will provide engineering, procurement, and construction services. Construction of the project is expected to begin in early 2025.
Enel Colombia, a subsidiary of Enel Group, an Italian multinational manufacturer and distributor of electricity and gas, <a href="https://cms.mercomindia.com/enel-secures-300-million-financing-from-european-investment-bank/" target="_blank" rel="noopener">secured</a> a term loan in Colombian pesos equivalent to $300 million from the European Investment Bank in partnership with SACE, the Italian insurance and financial group owned by Italy’s Ministry of Economy and Finance. The funding will be used to develop the Guayepo I and II solar PV plants, with approximately 486 MW of total capacity, and to improve and expand the Enel Colombia distribution business.
Click <a href="https://cms.mercomindia.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.
Read last week&#8217;s project finance <a href="https://cms.mercomindia.com/project-finance-brief-sabanci-financing-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Mainstream Secures Financing for 50 MW Solar Project

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-mainstream-financing-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a>
Mainstream Renewable Power, a solar and wind project developer, announced the financial <a href="https://mercomcapital.com/mainstream-secures-financing-for-50-mw-solar-project-in-south-africa/" target="_blank" rel="noopener">closure</a> of its 50 MW Ilikwa solar project in the Free State province of South Africa. The financial details of the transaction remained undisclosed. Construction has already begun on the project, and commercial operation is expected in early 2026. Once fully operational, the solar project is expected to produce 141 GWh of clean electricity annually, enough to power over 42,000 households.
Enerside, a Spain-based vertically integrated solar company, <a href="https://mercomcapital.com/enerside-sells-5-mw-solar-project-portfolio-in-brazil/" target="_blank" rel="noopener">announced</a> the sale of two Brazilian distributed-generation solar projects totaling 5 MW (6.6 MWp) to IVI ENERGIA, a Brazilian energy company owned by investment fund Brookfield Renovables. IVI ENERGIA acquired the projects at R$20.8 million (~$3.77 million), approximately €1.3 million/MW (~$235,936/MW) for the project in operation and €100,000/MW (~$18,148.9/MW) for the ready-to-build project.
BrightNight, an independent renewable energy power producer, <a href="https://mercomcapital.com/brightnight-secures-tax-equity-financing-solar-project/" target="_blank" rel="noopener">announced</a> the financial closure of a $260 million tax-equity financing commitment, including deferred contributions, for the development of 300 MW Box Canyon solar project, jointly owned with Cordelio Power in Arizona.The project is expected to become operational in the first half of 2025.
Aura Power, a Bristol-based renewable energy project developer, <a href="https://mercomcapital.com/aura-power-secures-39-million-project-financing-for-kemble-solar-project/" target="_blank" rel="noopener">secured</a> £30 million (~$39.28 million) in a project financing debt facility from Coöperatieve Rabobank to construct the 49.9 MW Kemble solar farm in the U.K. ib vogt will provide engineering, procurement, and construction services. Construction of the project is expected to begin in early 2025.
Enel Colombia, a subsidiary of Enel Group, an Italian multinational manufacturer and distributor of electricity and gas, <a href="https://mercomcapital.com/enel-secures-300-million-financing-from-european-investment-bank/" target="_blank" rel="noopener">secured</a> a term loan in Colombian pesos equivalent to $300 million from the European Investment Bank in partnership with SACE, the Italian insurance and financial group owned by Italy’s Ministry of Economy and Finance. The funding will be used to develop the Guayepo I and II solar PV plants, with approximately 486 MW of total capacity, and to improve and expand the Enel Colombia distribution business.
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.
Read last week’s project finance <a href="https://mercomcapital.com/project-finance-brief-sabanci-financing-solar-project/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.aurapower.com/" target="_blank" rel="noopener">Aura Power</a>, a Bristol-based renewable energy project developer, secured £30 million (~$39.28 million) in a project financing debt facility from Coöperatieve Rabobank to construct the 49.9 MW Kemble solar farm in the U.K.
ib vogt will provide engineering, procurement, and construction (EPC) services. Construction of the project is expected to begin in early 2025. Powersystems UK will serve as the Independent Connection Provider, including building the substation and cable route.
This is the company’s first project in its portfolio of eight ready-to-build projects in the U.K., totaling 500 MW, which have secured planning permission in the last 24 months.
Once operational, Aura Power claims the Kemble solar project will produce enough clean electricity to power over 14,000 households annually.
Simon Coulson, CEO of Aura Power, said, “Securing project financing for this project is a significant milestone for Aura Power. It marks not just the start of construction but a new direction for the company as we move towards an IPP model. This success is a testament to our team and partners, who demonstrate a real commitment to driving the energy transition and delivering projects to the highest standards. We are particularly grateful to the local community for working with us to finalize the design of the project.”
According to Mercom’s 1H and Q2 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-and-q2-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, large-scale solar project funding in 1H 2024 came to $19.9 billion in 117 deals compared to $14.9 billion in 113 deals in 1H 2023.
Earlier this week, Mainstream Renewable Power, a solar and wind project developer, announced the financial <a href="https://cms.mercomindia.com/mainstream-secures-financing-for-50-mw-solar-project-in-south-africa/" target="_blank" rel="noopener">closure</a> of its 50 MW Ilikwa solar project in the Free State province of South Africa. The financial details of the transaction are undisclosed. The project’s construction has already begun, with commercial operations expected in early 2026.

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