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					</table><p><a href="https://www.axian-group.com/axian-energy-2/" target="_blank" rel="noopener">AXIAN Energy</a>, an Arica-based renewable energy developer and a subsidiary of the AXIAN Group, has signed a $60 million financing facility with Mauritius Commercial Bank (MCB), a financial institution operating in the Indian Ocean region.</p>
<p>The package includes a $40 million revolving credit facility with a three-year tenor and an extension option. It also includes $20 million in unfunded instruments.</p>
<p>AXIAN Energy said the facility would provide additional financial flexibility and help mobilize resources for development opportunities across its target markets.</p>
<p>“We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa. By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions. This partnership highlights our role as a strategic financial partner, mobilizing capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.” Mathieu Delteil, Global Head of Structured Finance, MCB.</p>
<p>The agreement builds on AXIAN Energy’s existing relationship with MCB. The companies said the transaction supports infrastructure development and economic growth across Africa.</p>
<p>AXIAN Energy said it has expanded its renewable energy project pipeline over the past two years, with solar projects under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.</p>
<p>The company currently operates 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity.</p>
<p>According to Mercom’s recently released Q1 2026 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/q1-2026-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, debt financing for the solar sector reached $8.9 billion across 28 deals, a 154% increase compared to the $3.5 billion secured in 23 deals in Q1 2025.</p>
<p>In May 2026, Greenvolt Group, a renewable energy project developer, <a href="https://mercomcapital.com/greenvolt-raises-81-million-through-additional-green-bond-issue/" target="_blank" rel="noopener">completed</a> an additional €70 million (~$81.4 million) issuance of its Green Bonds 2029, increasing the total size of the issue to €170 million (~$197.9 million). Greenvolt said the proceeds will support its growth strategy and the expansion of its international renewable energy business.</p>



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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-s4-energy-bess-portfolio-germany/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has </strong><a href="https://mercomcapital.com/s4-energy-to-acquire-310-mw-battery-energy-storage-portfolio-in-germany/" target="_blank" rel="noopener"><strong>agreed</strong></a><strong> to acquire a 310 MW portfolio</strong> of German battery energy storage projects from Terra One Climate Solutions, a Germany-based energy storage project developer. The portfolio comprises projects in shovel-ready and advanced stages of development and is expected to reach commercial operation between 2026 and 2028.</p>
<p><strong>esVolta, an energy storage project developer, </strong><a href="https://mercomcapital.com/esvolta-secures-110-million-financing-for-hummingbird-energy-storage-project/" target="_blank" rel="noopener"><strong>completed</strong></a><strong> a $110 million tax equity transaction with Greenprint Capital Management to develop and construct the 300 MWh Hummingbird battery energy storage project</strong> in San Jose, California. The project is under construction and is expected to be completed in 2025.</p>
<p><strong>ACME Sun Power, a wholly owned subsidiary of ACME Solar Holdings, has </strong><a href="https://www.mercomindia.com/acme-secures-37-billion-loan-from-rec" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a ₹37.53 billion (~$444.68 million) loan from REC Limited to develop 320 MW Firm and Dispatchable Renewable Energy projects</strong> in collaboration with SJVN. The project is located in high-resource potential regions, with the solar capacity situated in Jaisalmer, Rajasthan, and wind power generation at Bhuj and Jam Khambhaliya in Gujarat.</p>
<p><strong>Standard Solar, a developer and owner of commercial and community solar projects, </strong><a href="https://mercomcapital.com/standard-solar-acquires-25-mw-solar-project-from-balanced-rock-power/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> 25 MWdc of the Windhub Solar B solar project in Kern County</strong>, California, from Balanced Rock Power, a renewable energy project developer. The project’s construction will begin in the first half of 2025.</p>
<p><strong>Field, an energy storage project developer, </strong><a href="https://mercomcapital.com/field-acquires-200-mw-800-mwh-battery-storage-project-in-the-uk/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of the 200 MW/800 MWh Hartmoor battery storage project near Hartlepool, England, UK,</strong> from independent project developer Clearstone Energy. According to Field, the project is expected to be operational in 2026 and will store up to 800 MWh of clean electricity.</p>
<p><strong>AXIAN Energy, a renewable energy project developer, </strong><a href="https://mercomcapital.com/axian-energy-secures-90-million-financing-for-solar-plus-storage-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €84 million (~$89.69 million) financing for two solar plants with energy storage systems in the southern Senegalese region of Kolda</strong>. A group of lenders comprising the Dutch entrepreneurial development bank FMO, the Emerging Africa &amp; Asia Infrastructure Fund (EAAIF), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) provided the funding.</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-edp-acquires-solar-project-brazil/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: S4 Energy to Acquire 310 MW BESS Portfolio in Germany

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