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CEE Group, a Hamburg-based renewable energy asset management firm, <a href="https://cms.mercomindia.com/cee-group-acquires-102-mw-solar-project-in-germany/" target="_blank" rel="noopener">announced</a> the acquisition of the 102 MW Klüden solar project in the Börde district in Saxony-Anhalt, Germany  from Sunovis, a Germany-based solar project developer. The construction of the solar project already began in September 2024, with commercial operation expected in April 2025.
Gulf Renewable Energy, a subsidiary of Gulf Energy Development Public Company, <a href="https://cms.mercomindia.com/gulf-renewable-energy-secures-820-million-loan-for-solar-and-storage-projects/" target="_blank" rel="noopener">announced</a> the closing of a $820 million loan to support the construction of a portfolio of 12 renewable energy projects across Thailand. The portfolio includes eight ground-mounted solar projects totaling 393 MW and four ground-mounted solar projects with battery energy storage systems totaling 256 MW and 396 MWh of energy storage.
Spruce Power, an owner and operator of distributed residential solar systems, <a href="https://cms.mercomindia.com/spruce-power-acquires-residential-solar-portfolio-in-new-jersey/" target="_blank" rel="noopener">announced</a> the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (CEV), a subsidiary of New Jersey Resources for $132.5 million. The acquired portfolio, known as Spruce Power 5 Portfolio, includes approximately 9,800 solar systems in New Jersey, which were installed under a CEV residential solar program between 2010 and 2024.
Alpiq, a Switzerland-based electricity producer, announced the <a href="https://cms.mercomindia.com/alpiq-acquires-100-mw-200-mwh-battery-storage-project-in-france/" target="_blank" rel="noopener">acquisition</a> of the 100 MW/200 MWh battery energy storage project located in the department of Oise, north of Paris, France from Harmony Energy, a renewable energy project developer. The project is expected to be commissioned in autumn 2026.
Yinson Renewables, an independent renewable power producer, <a href="https://cms.mercomindia.com/yinson-renewables-secures-59-million-financing-for-solar-project/" target="_blank" rel="noopener">secured</a> a $59 million senior secured green financing for the 97 MWp Matarani solar project located near Arequipa, Peru. IDB Invest and Natixis Corporate &amp; Investment Banking provided the funding. The project achieved full commercial operations in September 2024 and is backed by a long-term Power Purchase Agreement (PPA) with Orygen, a Peru-based renewable energy supplier and generator.
TSE, a French solar developer specializing in agrivoltaics projects, <a href="https://cms.mercomindia.com/agrivoltaics-project-developer-tse-secures-68-5-million-financing/" target="_blank" rel="noopener">secured</a> a bond debt funding of €65 million (~$68.5 million) from the Eiffel Investment Group Fund. The debt funding will enable TSE to develop and construct new solar projects with a combined capacity of 800 MW. Astris Finance advised TSE as financial advisor and Gibson Dunn as legal advisor. Clifford Chance advised Eiffel Investment Group as legal counsel.
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-baywa-r-e-sells-solar-projects/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: CEE Group Acquires 102 MW Solar Project in Germany

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-cee-group-solar-project-germany/" target="_blank" rel="noopener">Mercom Capital Group</a>
CEE Group, a Hamburg-based renewable energy asset management firm, <a href="https://mercomcapital.com/cee-group-acquires-102-mw-solar-project-in-germany/" target="_blank" rel="noopener">announced</a> the acquisition of the 102 MW Klüden solar project in the Börde district in Saxony-Anhalt, Germany  from Sunovis, a Germany-based solar project developer. The construction of the solar project already began in September 2024, with commercial operation expected in April 2025.
Gulf Renewable Energy, a subsidiary of Gulf Energy Development Public Company, <a href="https://mercomcapital.com/gulf-renewable-energy-secures-820-million-loan-for-solar-and-storage-projects/" target="_blank" rel="noopener">announced</a> the closing of a $820 million loan to support the construction of a portfolio of 12 renewable energy projects across Thailand. The portfolio includes eight ground-mounted solar projects totaling 393 MW and four ground-mounted solar projects with battery energy storage systems totaling 256 MW and 396 MWh of energy storage.
Spruce Power, an owner and operator of distributed residential solar systems, <a href="https://mercomcapital.com/spruce-power-acquires-residential-solar-portfolio-in-new-jersey/" target="_blank" rel="noopener">announced</a> the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (CEV), a subsidiary of New Jersey Resources for $132.5 million. The acquired portfolio, known as Spruce Power 5 Portfolio, includes approximately 9,800 solar systems in New Jersey, which were installed under a CEV residential solar program between 2010 and 2024.
Alpiq, a Switzerland-based electricity producer, announced the <a href="https://mercomcapital.com/alpiq-acquires-100-mw-200-mwh-battery-storage-project-in-france/" target="_blank" rel="noopener">acquisition</a> of the 100 MW/200 MWh battery energy storage project located in the department of Oise, north of Paris, France from Harmony Energy, a renewable energy project developer. The project is expected to be commissioned in autumn 2026.
Yinson Renewables, an independent renewable power producer, <a href="https://mercomcapital.com/yinson-renewables-secures-59-million-financing-for-solar-project/" target="_blank" rel="noopener">secured</a> a $59 million senior secured green financing for the 97 MWp Matarani solar project located near Arequipa, Peru. IDB Invest and Natixis Corporate &amp; Investment Banking provided the funding. The project achieved full commercial operations in September 2024 and is backed by a long-term Power Purchase Agreement (PPA) with Orygen, a Peru-based renewable energy supplier and generator.
TSE, a French solar developer specializing in agrivoltaics projects, <a href="https://mercomcapital.com/agrivoltaics-project-developer-tse-secures-68-5-million-financing/" target="_blank" rel="noopener">secured</a> a bond debt funding of €65 million (~$68.5 million) from the Eiffel Investment Group Fund. The debt funding will enable TSE to develop and construct new solar projects with a combined capacity of 800 MW. Astris Finance advised TSE as financial advisor and Gibson Dunn as legal advisor. Clifford Chance advised Eiffel Investment Group as legal counsel.
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-baywa-r-e-sells-solar-projects/" target="_blank" rel="noopener">brief</a>.

<a href="https://cee-group.de/" target="_blank" rel="noopener">CEE Group</a>, a Hamburg-based renewable energy asset management firm, announced the acquisition of the 102 MW Klüden solar project in the Börde district in Saxony-Anhalt, Germany  from Sunovis, a Germany-based solar project developer.
The construction of the solar project already began in September 2024, with commercial operation expected in April 2025. Once operational, the project is expected to generate enough clean electricity to supply around 47,500 households.
Additionally, 80% of the electricity generated will be sold under a 20-year power purchase agreement, which has already been concluded.
The company acquired the project for its two investment funds, CEE Renewable Fund 7 and CEE Renewable Fund 8. Taylor Wessing served as legal advisor, while Evergy acted as technical advisor on the transaction. DAL Deutsche Anlagen-Leasing, along with Nord/LB, financed the project.
Detlef Schreiber, CEO of the CEE Group, says, “With the purchase of the Klüden solar PV park in Saxony-Anhalt, we were able to secure another attractive project for our renewable energy funds. Through the 20-year corporate PPA, we are selling 80 percent of the energy generated at a lucrative fixed price, allowing our investors to benefit from a long-term stable and predictable cash flow. We would like to thank our partners with whom we realize such high-yield assets.”
Currently, the company has 57 solar projects with an installed capacity of 1.5 GWp and 47 onshore wind projects with 667 MW in Europe.
According to Mercom’s 9M and Q3 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/9m-and-q3-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, 166 project acquisitions totaling 28.3 GW were transacted in 9M 2024 compared to the same number of project acquisitions totaling 31.6 GW in 9M 2023.
In July, CEE Group also announced the <a href="https://cms.mercomindia.com/cee-group-acquires-102-5-mw-solar-project-in-spain/" target="_blank" rel="noopener">acquisition</a> of a 102.5 MW solar PV project in San Pedro del Pinatar in Murcia, a region in southern Spain, with its CEE Renewable Fund.

CEE Group Acquires 102 MW Solar Project in Germany

Emeren Group, a solar project developer, <a href="https://cms.mercomindia.com/emeren-group-sells-42-mw-solar-project-portfolio-in-spain/" target="_blank" rel="noopener">announced</a> the sale of a 42 MW ready-to-build solar project portfolio in Spain to CVE España, part of CVE, a French independent power producer. The portfolio comprises eight greenfield projects with capacities ranging from 5 MW to 6 MW. One project has already been closed, while the rest will be closed during Q3 and are classified as ready-to-build. Six projects are in Castilla-y-Leon, one in Comunidad Valenciana, and the last in Andalucia.
Enfinity Global, a U.S.-based renewable energy project developer, <a href="https://cms.mercomindia.com/enfinity-global-secures-164-million-financing-for-solar-project-portfolio/" target="_blank" rel="noopener">closed</a> a $164 million (~JPY 26.24 billion) financing for a 250 MW solar PV project portfolio in Japan. Enfinity Global obtained the funding in partnership with Macquarie Capital and a syndicate led by Shinhan Asset Management. The portfolio comprises seven operating utility-scale solar projects and one project under construction, with an enterprise value of over $1 billion.
CEE Group, a renewable energy asset management firm, <a href="https://cms.mercomindia.com/cee-group-acquires-102-5-mw-solar-project-in-spain/" target="_blank" rel="noopener">announced</a> the acquisition of a 102.5 MW solar PV project in San Pedro del Pinatar in Murcia, a region in southern Spain, with its CEE Renewable Fund 8. The project is under construction and will be connected to the grid in the second half of 2025. The seller is a European corporation specializing in developing, constructing, and operating renewable energy projects.
Public infrastructure finance company REC Limited has <a href="https://www.mercomindia.com/rec-200-million-loan-deutsche-bank" target="_blank" rel="noopener">secured</a> a green loan of JPY31.96 billion (~$200 million) from Deutsche Bank‘s GIFT City branch to fund green projects in India. This green financing is one of the first JPY-denominated green loan transactions for Deutsche Bank at GIFT City.
Actis’ SE Asia Renewables Platform Levanta Renewables, a renewable energy project developer and independent power producer, <a href="https://cms.mercomindia.com/levanta-renewables-acquires-139-4-mw-solar-portfolio-in-thailand/" target="_blank" rel="noopener">announced</a> the acquisition of a 90% controlling shareholding in a 139.4 MW operating solar project portfolio in Thailand. The company acquired the portfolio from Super Energy, a Thai renewable energy project developer, and its subsidiary, Super Energy Group.
Akaysha Energy, an energy storage project developer, <a href="https://cms.mercomindia.com/akaysha-energy-secures-441-million-in-debt-financing-for-energy-storage-project/" target="_blank" rel="noopener">secured</a> A$650 million (~$440.92 million) in debt financing from a group of eleven domestic and foreign banks. The facility has a three-year tenor and will be used to construct the Orana Battery Energy Storage System project located near Wellington, NSW, within the Central West Orana Renewable Energy Zone , Australia. Once operational, the project will add more than 1,660 MWh of storage capacity to the National Electricity Market.
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-sonnedix-acquires-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Emeren Group Sells 42 MW Solar Project Portfolio in Spain

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-emeren-group-sells-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a>
Emeren Group, a solar project developer, <a href="https://mercomcapital.com/emeren-group-sells-42-mw-solar-project-portfolio-in-spain/" target="_blank" rel="noopener">announced</a> the sale of a 42 MW ready-to-build solar project portfolio in Spain to CVE España, part of CVE, a French independent power producer. The portfolio comprises eight greenfield projects with capacities ranging from 5 MW to 6 MW. One project has already been closed, while the rest will be closed during Q3 and are classified as ready-to-build. Six projects are in Castilla-y-Leon, one in Comunidad Valenciana, and the last in Andalucia.
Enfinity Global, a U.S.-based renewable energy project developer, <a href="https://mercomcapital.com/enfinity-global-secures-164-million-financing-for-solar-project-portfolio/" target="_blank" rel="noopener">closed</a> a $164 million (~JPY 26.24 billion) financing for a 250 MW solar PV project portfolio in Japan. Enfinity Global obtained the funding in partnership with Macquarie Capital and a syndicate led by Shinhan Asset Management. The portfolio comprises seven operating utility-scale solar projects and one project under construction, with an enterprise value of over $1 billion.
CEE Group, a renewable energy asset management firm, <a href="https://mercomcapital.com/cee-group-acquires-102-5-mw-solar-project-in-spain/" target="_blank" rel="noopener">announced</a> the acquisition of a 102.5 MW solar PV project in San Pedro del Pinatar in Murcia, a region in southern Spain, with its CEE Renewable Fund 8. The project is under construction and will be connected to the grid in the second half of 2025. The seller is a European corporation specializing in developing, constructing, and operating renewable energy projects.
Public infrastructure finance company REC Limited has <a href="https://www.mercomindia.com/rec-200-million-loan-deutsche-bank" target="_blank" rel="noopener">secured</a> a green loan of JPY31.96 billion (~$200 million) from Deutsche Bank‘s GIFT City branch to fund green projects in India. This green financing is one of the first JPY-denominated green loan transactions for Deutsche Bank at GIFT City.
Actis’ SE Asia Renewables Platform Levanta Renewables, a renewable energy project developer and independent power producer, <a href="https://mercomcapital.com/levanta-renewables-acquires-139-4-mw-solar-portfolio-in-thailand/" target="_blank" rel="noopener">announced</a> the acquisition of a 90% controlling shareholding in a 139.4 MW operating solar project portfolio in Thailand. The company acquired the portfolio from Super Energy, a Thai renewable energy project developer, and its subsidiary, Super Energy Group.
Akaysha Energy, an energy storage project developer, <a href="https://mercomcapital.com/akaysha-energy-secures-441-million-in-debt-financing-for-energy-storage-project/" target="_blank" rel="noopener">secured</a> A$650 million (~$440.92 million) in debt financing from a group of eleven domestic and foreign banks. The facility has a three-year tenor and will be used to construct the Orana Battery Energy Storage System project located near Wellington, NSW, within the Central West Orana Renewable Energy Zone , Australia. Once operational, the project will add more than 1,660 MWh of storage capacity to the National Electricity Market.
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-sonnedix-acquires-solar-project/" target="_blank" rel="noopener">brief</a>.

<a href="https://cee-group.de/" target="_blank" rel="noopener">CEE Group</a>, a renewable energy asset management firm, announced the acquisition of a 102.5 MW solar PV project in San Pedro del Pinatar in Murcia, a region in southern Spain, with its CEE Renewable Fund 8 (CEE RF8).
The project is currently under construction and will be connected to the grid in the second half of 2025.
The seller is a European corporation specializing in developing, constructing, and operating renewable energy projects. The newly acquired solar project is the second transaction for the CEE RF8, which launched at the end of 2023.
“Murcia offers excellent conditions for photovoltaic projects. Through the acquisition of the Project in Pinatar, we achieved a lucrative addition to our CEE RF8 fund. Together with the PV park acquired in January in Stüdenitz Schönermark in Brandenburg, the solar park in San Pedro del Pinatar forms a good basis for the fund and ensures attractive long-term returns for our investors,” Detlef Schreiber, CEO of the CEE Group, explains.
Last year, CEE Group <a href="https://cms.mercomindia.com/cee-group-acquires-103-5-mw-solar-project-in-the-netherlands/" target="_blank" rel="noopener">acquired</a> a 103.5 MW ground-mounted solar project in the province of Groningen, the Netherlands, from Ecorus Group, a solar project developer. The project is currently under construction, and Ecorus is also the EPC partner.
According to Mercom’s recently released 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>, 113 solar project acquisitions totaling 18.5 GW were transacted in the first half of 2024, compared to 116 project acquisitions totaling 25.5 GW in 1H 2023.
This week, Emeren Group, a solar project developer, also announced the <a href="https://cms.mercomindia.com/emeren-group-sells-42-mw-solar-project-portfolio-in-spain/" target="_blank" rel="noopener">sale</a> of a 42 MW ready-to-build solar project portfolio in Spain to CVE España, part of CVE, a French independent power producer (IPP). The portfolio comprises eight greenfield projects with capacities ranging from 5 MW to 6 MW.

CEE Group Acquires 102.5 MW Solar Project in Spain

<a href="https://cee-group.de/" target="_blank" rel="noopener">CEE Group</a>, a Germany-based asset manager, acquired a 103.5 MW ground-mounted solar project in the province of Groningen, the Netherlands, from Ecorus Group, a solar project developer. The project is currently under construction. Ecorus is also the EPC partner for the construction of the solar project.
The signing and closing of the purchase agreement with the project developer Ecorus took place in February 2023. Both parties have agreed not to disclose the purchase price. Commissioning of the plant is planned for February 2024. The electricity will be purchased through the Dutch SDE++ support system for renewable energies and will have a fixed tariff for at least 15 years.
“We have gained a new partner in the Netherlands with Ecorus Group. The Fledderbosch solar park is our first joint transaction, which, with a size of 103.5 MW, represents another important building block in our growing Dutch PV portfolio. The Netherlands plays an important role in our international portfolio of wind power and PV plants,” said Detlef Schreiber, CEO of CEE Group. “We would like to thank Ecorus Group’s Dutch solar experts for the always professional and goal-oriented cooperation at eye level,” adds Franjo Salic, Head of International Investments at CEE Group, about the cooperation.
Philippe Vanhoef, CEO and founder of Ecorus Energy said: “Our goal is to drive the expansion of onsite and offsite solar energy in Europe in the spirit of an international energy transition. A high level of professionalism and expertise characterizes the cooperation with the CEE Group. This is an indispensable basis for the success of the cross-generational task of climate protection and energy security.”
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.
France-based oil and gas major company TotalEnergies has <a href="https://cms.mercomindia.com/totalenergies-acquires-208-mw-of-solar-projects-in-romania/" target="_blank" rel="noopener">recently</a> acquired 208 MW of solar PV projects in Romania from PNE, a solar and wind project developer. PNE will remain responsible for further project development until the ready-to-build stage is achieved. The transaction details were not disclosed.

CEE Group Acquires 103.5 MW Solar Project in the Netherlands

<a href="https://cee-group.de/" target="_blank" rel="noopener">CEE Group</a>, a German-based asset manager, acquired a 53 MW solar project in the Netherlands from BayWa r.e., a subsidiary of Munich-based BayWa. The Venekoten/Oosterwolde ground-mounted solar project is in the north of the Netherlands. Rabobank acted as the financing bank for this transaction.
The project was completed and commissioned in September 2020 with a nominal output of around 53 MW. It has mono facial modules from manufacturers Hanwha Q.Cells and Chint Astronergy. The modules are firmly elevated on the substructure.
“We are pleased about the sale of this high-quality PV project to the CEE Group. Our two companies are linked by a long-standing, highly cooperative partnership, in the course of which we have already been able to implement several large-scale PV projects together. With regard to the international climate targets, these projects make an important contribution,” explains Matthias Taft, CEO of BayWa r.e.
“We have been working in partnership with our project partner BayWa r.e. for many years. Our collaboration is characterized by an exceptionally high level of professionalism, a great willingness to cooperate, and mutual trust. We appreciate BayWa r.e.’s high-quality standards, both in terms of project development and technical implementation,” explains Detlef Schreiber, CEO of the CEE Group. Franjo Salic, Head of International Investments, adds: “On behalf of our entire team, I would like to thank everyone involved, both on the seller side and on the CEE Group side, for the excellent cooperation.”
In December 2022, CEE Group <a href="https://cms.mercomindia.com/cee-group-acquires-solar-park-netherlands/" target="_blank" rel="noopener">acquired</a> 44 MW of solar park in the Netherlands from the Denmark-based solar project developer Obton. The solar project is situated on around 36 hectares in Harderwold, in the central Netherlands, and is associated with annual electricity production of about 45.1 GWh. The project is expected to be commissioned by December 31, 2022. The transaction was supported by financing from Rabobank. Neither of the parties disclosed the purchase price.
According to Mercom Annual and Q4 2022 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-q4-2022-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, 268 large-scale solar project acquisitions were recorded in 2022 compared to 280 in 2021. In 2022, about 66 GW of solar projects were acquired, with project developers acquiring the most, reaching 35.7 GW.

CEE Group Acquires 53 MW Solar Project in the Netherlands

<a href="https://cee-group.de/" target="_blank" rel="noopener">CEE Group</a>, a German-based asset manager, has acquired an 81.9 MW solar photovoltaic portfolio comprising six solar parks in the Netherlands from solar project developer <a href="https://www.chintsolar.com/" target="_blank" rel="noopener">Chint Solar Europe</a>.
The portfolio comprises six individual ground-mounted solar parks, Vlowijker I, Vlowijker II, De Ekers, Dievelman, Eimersweg, and Boksveenweg. The commissioning of the acquired solar parks is planned for May to September 2023.
The Dutch division company of the Chint group will be responsible for the technical operations of the solar parks for the first two years, following which the CEE Group will take over.
Oliver Schweininger, CEO at Chint Solar Europe, emphasizes, “The 82 MW photovoltaic portfolio makes an important contribution on the way to an international energy transition based on renewable energies. We would like to thank the CEE Group for the partnership in implementing this photovoltaic portfolio, which is impressive in its dimension.”
Both parties have agreed not to disclose the purchase price.
The CEE Group has so far launched seven renewable energy funds in Germany and Luxembourg and manages approximately €2.3 billion (~$2.51 billion) in this asset class.
From the acquired photovoltaic portfolio, the solar parks Vlowijker I, Vlowijker II, and De Ekers will be financed from the CEE Renewable Fund 6 (CEE RF6) portfolio. The solar parks Dievelman, Eimersweg, and Boksveenweg are included in the portfolio of CEE Renewable Fund 7 (CEE RF7).
“The acquisition of the photovoltaic portfolio is an important step towards the further expansion of our portfolio on an international level and enables us as CEE to decisively expand our presence in the Netherlands. We would like to thank the experienced project developer Chint Solar Europe and all those involved in this transaction for the extremely professional and trusting cooperation,” explains Detlef Schreiber, CEO of CEE Group.
BJKT Law, Evergy Engineering, and Deloitte Netherlands were involved as advisors in this transaction. Deutsche Leasing Finance will be the financing bank for the project.
In December 2022, CEE Group <a href="https://cms.mercomindia.com/cee-group-acquires-solar-park-netherlands/" target="_blank" rel="noopener">acquired</a> 44 MW of solar park in the Netherlands from the Denmark-based solar project developer Obton. The solar project in Harderwold, in the central Netherlands, is associated with annual electricity production of about 45.1 GWh and is expected to be commissioned by December 31, 2022.
According to Mercom’s Q4 and Annual Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-q4-2022-solar-funding-ma-report/" target="_blank" rel="noopener">Report</a>, there were 268 large-scale solar project acquisitions in 2022 compared to 280 transactions in 2021. In 2022, about 66 GW of solar projects were acquired, with project developers picking up the most, reaching 35.7 GW. Solar project acquisitions in terms of GW were at the second-highest level ever.

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