CERC Approves Tariffs for SECI’s 600 MW Wind-Solar Hybrid Projects

MNRE Issues Guidelines for Installation of Prototype Wind Turbines 

Rajasthan Issues Draft Intrastate Transmission System Connectivity Regulations

ANERT Invites Proposals for Green Energy Demonstration Projects

Daily News Wrap-Up: Utility Solar Project Costs Up Slightly in Q1 2025

SECI Tenders 2 GW Solar Projects with 4 GWh Energy Storage Systems

Torrent Green Energy Wins SECI’s 600 MW Wind Auction

Power Ministry Proposes Sale, Lease, Renting of Energy Storage Systems

NHPC Issues Tender for 2.5 MW Rooftop Solar Projects in Nagaland

NTPC Raises $750 Million via External Commercial Borrowing


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-doral-renewables-secures-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Doral Renewables, a utility-scale renewable energy project developer, </strong><a href="https://mercomcapital.com/doral-renewables-secures-1-5-billion-debt-tax-equity-financing/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $1.5 billion in construction project financing</strong> for the Mammoth South, Mammoth Central I, and Mammoth Central II solar projects in Pulaski County, Indiana. All three projects have a generation capacity of 300 MWac each and form part of the larger 1.3 GW Mammoth Solar project. The projects are ground-mounted single-axis PV systems, under construction, and expected to begin commercial operation in Q4 2026.</p>
<p><strong>Deriva Energy (formerly Duke Energy Renewables), a clean power generation and a portfolio company of Brookfield, </strong><a href="https://mercomcapital.com/deriva-energy-secures-127-m-financing-solar-and-wind-projects/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the completion of a $127 million debt financing</strong> for a portfolio of operational solar and wind projects. The Ledyard wind is a 207 MW wind project in Kossuth County, Iowa, and the Pisgah Ridge is a 250 MW solar project in Navarro County, Texas. Both projects began commercial operations in 2022 and sell power under long-term power purchase agreements.</p>
<p><strong>Solaria, a Europe-based renewable energy project developer, has <a href="https://mercomcapital.com/solaria-secures-project-finance-oliva-solar-project/" target="_blank" rel="noopener">entered</a> into an agreement in principle with Banco Sabadell for the long-term financing</strong> of a 175 MW solar project in Spain. The financing will be used for the development of the 175 MW Oliva solar project, which will be developed in the province of Guadalajara, Spain.</p>
<p><strong>India-based rooftop solar engineering, procurement, and construction services provider Roofsol Energy has </strong><a href="https://www.mercomindia.com/roofsol-raises-2-billion-from-aseem-infra" target="_blank" rel="noopener"><strong>secured</strong></a><strong> ₹2.1 billion (~$24.67 million) in funding</strong> from Aseem Infrastructure Finance. The funding will be used to develop 92.66 MWp of rooftop and group captive solar projects across multiple locations in India. This funding round follows Roofsol Energy’s earlier funding in October last year, when the company raised ₹255 million (~$3.03 million) through its inaugural equity funding round.</p>
<p><strong>BW ESS, an energy storage project developer and operator, </strong><a href="https://mercomcapital.com/bw-ess-secures-debt-financing-bramley-battery-energy-storage-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> debt financing from Westpac, an Australian bank, and United Overseas Bank</strong> (UOB) based in Singapore. The company will use the funding to operate its 100 MW/331 MWh Bramley Battery Energy Storage project in Hampshire, U.K. According to the agreement, Westpac and UOB will each contribute 50% to the debt facility.</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-solar-landscape-financing-rooftop-projects/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Doral Renewables Secures $1.5 Billion for Solar Project


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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-doral-renewables-funding-bend-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Doral Renewables, a utility-scale renewable energy project developer, </strong><a href="https://mercomcapital.com/doral-renewables-secures-funding-for-the-great-bend-solar-project/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> tax equity funding for its Great Bend solar project</strong>. Fifth Third Bank committed to investing up to $30 million of tax equity into the project. Located in Meigs County, Ohio, the 48 MWac project features a ground-mounted, single-axis PV system and is expected to be operational by Q4 2025. Doral Renewables and Fifth Third are also set to receive proceeds from a tax credit transfer transaction that will be finalized later this year.</p>
<p><strong>Stonepeak, an alternative investment firm focused on infrastructure and real assets, has </strong><a href="https://mercomcapital.com/stonepeak-to-acquire-46-3-stake-in-777-mw-solar-and-storage-project-portfolio/" target="_blank" rel="noopener"><strong>agreed</strong></a><strong> to acquire a 46.3% stake in Repsol’s 777 MW operating solar and storage portfolio</strong> in New Mexico and Texas for $340 million. Repsol is a Spanish energy and petrochemical company. The portfolio comprises the Fyre solar project and the Jicarilla solar and storage project. The transaction is expected to close during the third quarter of 2025, subject to customary regulatory approvals.</p>
<p><strong>Cypress C</strong><strong>reek Renewables, a solar and energy storage project developer, <a href="https://mercomcapital.com/cypress-creek-secures-150-million-financing-for-ostrea-solar-project/" target="_blank" rel="noopener">closed</a> $150 million in financing to support the development and construction of the 104 MW</strong> Ostrea solar project in Yakima County, Washington. The company also announced the beginning of construction of the project. The project is expected to reach commercial operation by mid-2026.</p>
<p><strong>Indian Oil Corporation’s board of directors has </strong><a href="https://www.mercomindia.com/indian-oil-invest-subsidiary-renewables-portfolio" target="_blank" rel="noopener"><strong>approved</strong></a><strong> an additional equity investment of ₹10.86 billion (~$129.44 million) in its wholly owned subsidiary</strong>, Terra Clean, to develop 4.3 GW renewable energy capacity. This decision adds to the previously approved 1 GW capacity. Terra Clean was incorporated on March 15, 2023. In April 2024, it received an initial equity investment of ₹13.03 billion (~$155.28 million) to develop its first 1 GW renewable energy capacity.</p>
<p><strong>Voltalia, a renewable energy power producer, </strong><a href="https://mercomcapital.com/voltalia-secures-over-26-million-financing-for-34-mw-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> £20 million (~$26.6 million) in debt financing for the 34 MW Eastgate solar project </strong>from Triodos Bank UK. The funding will support the construction and development of the project. The financial package comprises a senior debt loan of up to £18.9 million (~$25.11 million) and a Debt Service Reserve Facility (DSRF) of £1.1 million (~$1.46 million), which will provide crucial support during the project’s construction phase.</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-zelestra-secures-solar-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Doral Renewables Closes Funding for the Great Bend Solar Project


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					</table><p><strong>From: <a href="https://mercomcapital.com/project-finance-brief-recurrent-energy-acquires-420-mw-solar-portfolio-in-spain/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Recurrent Energy, a global developer, owner, and operator of solar and energy storage and a subsidiary of Canadian Solar, </strong><a href="https://mercomcapital.com/recurrent-energy-acquires-420-mw-solar-portfolio-in-spain/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of a solar PV portfolio</strong> with more than 420 MW capacity in South Spain. The portfolio, located in Carmona, consists of a cluster of four projects, Rey I, II, III, and IV, which are under construction and will feature Canadian Solar’s TopBiHiKu7 N-type bifacial TOPCon technology modules.</p>
<p><strong>Invenergy, a developer of renewable energy projects, has </strong><a href="https://mercomcapital.com/invenergy-secures-1-3-billion-to-develop-renewable-energy-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $1.27 billion in financing. The funding round of funding was led by Natixis Corporate and Investment Banking</strong> and is earmarked for the development and construction of Invenergy’s renewable energy initiatives located in Kansas and Texas. The four projects together represent a total capacity of 677MW.</p>
<p><strong>Doral Renewables, a utility-scale renewable energy project developer, </strong><a href="https://mercomcapital.com/doral-renewables-secures-debt-financing-solar-project/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> a construction debt facility for its Great Bend solar project</strong>. The company secured $114 million in financing from the sole lender, HSBC, for the project, which consists of a $36 million construction-to-term loan facility, a $57 million tax equity bridge loan, and a $21 million letter of credit facility.</p>
<p><strong>Solarpack, a solar project developer, has </strong><a href="https://mercomcapital.com/solarpack-secures-176-million-financing-for-san-martin-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $176.6 million senior financing package for the 300 MW San Martin solar project in Peru</strong>. The financing has been secured from Crédit Agricole Corporate and Investment Bank, Natixis Corporate &amp; Investment Baking, BBVA, and BNP Paribas using a project finance structure, being the first renewable project financed in Peru based on a power purchase agreement  between private parties.</p>
<p><strong>Greenvolt, a solar and wind project developer, through its subsidiary Greenvolt Power, </strong><a href="https://mercomcapital.com/greenvolt-secures-39-million-project-finance/" target="_blank" rel="noopener"><strong>signed</strong></a><strong> a €36 million (~$39.34 million) project finance</strong> with UniCredit Bank Hungary for the construction, operation, and maintenance of a 57 MW solar project in Hungary.</p>
<p><strong>AXS Energia, a solar energy company, </strong><a href="https://mercomcapital.com/axs-energia-secures-project-financing-for-39-7-mw-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $5 million senior debt facility from Triodos Emerging Markets Renewable Energy Fund and Triodos Groenfonds</strong> for the construction of 14 ground-mounted solar projects in Brazil with a combined capacity of 39.7 MW. CIFI Services is the lead arranger of this $54 million project.</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://www.mercomindia.com/project-finance-brief-primergy-secures-solar-project" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Recurrent Energy Acquires 420 MW Solar Portfolio in Spain

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