Qualitas Energy Secures $61 Million for 117 MW Solar Portfolio in Poland

NTPC REL Selects Winner of 100 MWh Vanadium Flow Battery Storage Auction

CREC Secures $66 Million for Solar and Storage Projects in Philippines

KERC Allows Solar Developers to Recover GST Paid on Land Lease Rentals

ARRAY Technologies to Acquire Affordable Wire Management for $203 Million

Punjab Invites Bids to Solarize 200 Agricultural Pumps under KUSUM

SECI Announces Winners of 1,500 MW/12,000 MWh of Pumped Storage Auction

Banaras Locomotive Works Invites Bids for 1 MW Rooftop Solar Project

South Korea Invites Bids for 1 GW Solar Projects

Andhra Pradesh Schools Trim Energy Costs with 3.5 MW Rooftop Solar Program

ENCAVIS, a solar and wind project developer, has <a href="https://cms.mercomindia.com/encavis-secures-157-million-non-recourse-project-financing/" target="_blank" rel="noopener">announced</a> the closure of a non-recourse project financing of €135 million (~$157.10 million) for the acquisition of the 199 MW Aragón portfolio. The portfolio is in northern Spain near Zaragoza, and consists of three wind projects with a combined capacity of approximately 142 MW and two solar projects totaling 57 MW.
Altus Power, an independent developer, owner, and operator of commercial-scale solar projects, <a href="https://cms.mercomindia.com/altus-power-acquires-105-mw-of-solar-projects/" target="_blank" rel="noopener">announced</a> the acquisition of 105 MW of solar projects from Cordelio Power, an independent solar, wind, and energy storage power producer. Already under construction, the acquired projects comprise four ground-mounted solar installations across the state of New York.
egg Power, Liberty Global’s investment vehicle to develop, build, own, and operate renewable energy projects, providing low-cost clean energy to customers, <a href="https://cms.mercomindia.com/egg-power-secures-536-million-for-solar-and-wind-projects/" target="_blank" rel="noopener">secured</a> up to £400 million (~$536 million) in debt financing from NatWest Group to accelerate its development of large-scale renewable energy projects across Europe.
IREDA Global Green Energy Finance IFSC (IGGEFIL), a wholly owned subsidiary of the government-owned lender, Indian Renewable Energy Development Agency, <a href="https://www.mercomindia.com/ireda-subsidiary-approves-first-overseas-solar-project-loan" target="_blank" rel="noopener">approved</a> its first international green energy loan, marking the formal start of its overseas financing operations. IGGEFIL approved a loan of $22.5 million to Swarna Solar for the development of a 100 MW solar project in the Serenje District of Zambia’s Central Province.
Aquila Clean Energy, a developer of integrated and hybrid clean energy solutions, <a href="https://cms.mercomindia.com/aquila-clean-energy-sells-100-mwh-battery-storage-project/" target="_blank" rel="noopener">sold</a> a ready-to-build 50 MW/100 MWh battery energy storage project in Lithuania to Energy Gates, an investment management firm focused on developing large-scale renewable energy projects across the Baltic countries. The battery storage project is designed with a two-hour storage capacity, providing flexible services to the Lithuanian power systems, supporting grid stability, renewable energy integration, and energy security across the Baltic region.
Swift Current Energy, a company that develops, commercializes, owns, and operates utility-scale solar, wind, and energy storage projects, <a href="https://cms.mercomindia.com/swift-current-energy-sells-150-mw-battery-storage-project/" target="_blank" rel="noopener">announced</a> the sale of the 150 MW/600 MWh Prospect Power battery storage project. The project is in Rockingham County, Virginia, and was acquired by Elevate Renewables, a renewable energy development company.
Greenbacker, an independent power producer and energy transition-focused investment manager, <a href="https://cms.mercomindia.com/greenbacker-sells-237-mw-of-solar-and-storage-portfolio/" target="_blank" rel="noopener">announced</a> the sale of a 237 MW portfolio of solar and storage projects to Altus Power, a developer, owner, and operator of large-scale solar projects. The portfolio consists of more than 100 projects across 18 states. KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based KeyCorp, served as the exclusive financial advisor to Greenbacker on the transaction.
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-treaty-oak-secures-solar-projects/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: ENCAVIS Secures $157 Million in Non-Recourse Financing

<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2026/01/amazon_polly_89318.mp3?version=1768971604">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table>From: <a href="https://mercomcapital.com/project-finance-brief-encavis-non-recourse-financing/" target="_blank" rel="noopener">Mercom Capital Group</a>
ENCAVIS, a solar and wind project developer, has <a href="https://mercomcapital.com/encavis-secures-157-million-non-recourse-project-financing/" target="_blank" rel="noopener">announced</a> the closure of a non-recourse project financing of €135 million (~$157.10 million) for the acquisition of the 199 MW Aragón portfolio. The portfolio is in northern Spain near Zaragoza, and consists of three wind projects with a combined capacity of approximately 142 MW and two solar projects totaling 57 MW.
Altus Power, an independent developer, owner, and operator of commercial-scale solar projects, <a href="https://mercomcapital.com/altus-power-acquires-105-mw-of-solar-projects/" target="_blank" rel="noopener">announced</a> the acquisition of 105 MW of solar projects from Cordelio Power, an independent solar, wind, and energy storage power producer. Already under construction, the acquired projects comprise four ground-mounted solar installations across the state of New York.
egg Power, Liberty Global’s investment vehicle to develop, build, own, and operate renewable energy projects, providing low-cost clean energy to customers, <a href="https://mercomcapital.com/egg-power-secures-536-million-for-solar-and-wind-projects/" target="_blank" rel="noopener">secured</a> up to £400 million (~$536 million) in debt financing from NatWest Group to accelerate its development of large-scale renewable energy projects across Europe.
IREDA Global Green Energy Finance IFSC (IGGEFIL), a wholly owned subsidiary of the government-owned lender, Indian Renewable Energy Development Agency, <a href="https://www.mercomindia.com/ireda-subsidiary-approves-first-overseas-solar-project-loan" target="_blank" rel="noopener">approved</a> its first international green energy loan, marking the formal start of its overseas financing operations. IGGEFIL approved a loan of $22.5 million to Swarna Solar for the development of a 100 MW solar project in the Serenje District of Zambia’s Central Province.
Aquila Clean Energy, a developer of integrated and hybrid clean energy solutions, <a href="https://mercomcapital.com/aquila-clean-energy-sells-100-mwh-battery-storage-project/" target="_blank" rel="noopener">sold</a> a ready-to-build 50 MW/100 MWh battery energy storage project in Lithuania to Energy Gates, an investment management firm focused on developing large-scale renewable energy projects across the Baltic countries. The battery storage project is designed with a two-hour storage capacity, providing flexible services to the Lithuanian power systems, supporting grid stability, renewable energy integration, and energy security across the Baltic region.
Swift Current Energy, a company that develops, commercializes, owns, and operates utility-scale solar, wind, and energy storage projects, <a href="https://mercomcapital.com/swift-current-energy-sells-150-mw-battery-storage-project/" target="_blank" rel="noopener">announced</a> the sale of the 150 MW/600 MWh Prospect Power battery storage project. The project is in Rockingham County, Virginia, and was acquired by Elevate Renewables, a renewable energy development company.
Greenbacker, an independent power producer and energy transition-focused investment manager, <a href="https://mercomcapital.com/greenbacker-sells-237-mw-of-solar-and-storage-portfolio/" target="_blank" rel="noopener">announced</a> the sale of a 237 MW portfolio of solar and storage projects to Altus Power, a developer, owner, and operator of large-scale solar projects. The portfolio consists of more than 100 projects across 18 states. KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based KeyCorp, served as the exclusive financial advisor to Greenbacker on the transaction.
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-treaty-oak-secures-solar-projects/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.libertyglobal.com/" target="_blank" rel="noopener">egg Power</a>, Liberty Global&#8217;s investment vehicle to develop, build, own, and operate renewable energy projects, providing low-cost clean energy to customers, secured up to £400 million (~$536 million) in debt financing from NatWest Group to accelerate its development of large-scale renewable energy projects across Europe.
NatWest Group acted as the sole underwriter, structuring bank, mandated lead arranger, hedging bank, facility agent, and security trustee for the flexible construction financing facility, which will initially provide non-recourse debt finance for the company&#8217;s 250 MW of solar and wind projects under construction or development, and in total support up to 500 MW of projects in the U.K. and Europe.
The international contractors, EPC, are delivering construction, with three solar projects in the U.K., Grange, Rainsbrook, and Rag Lane – currently being built. The full portfolio is expected to achieve Commercial Operation Date (COD) between Q2 2026 and Q1 2027. Once operational, the projects are expected to generate approximately 420 GWh of renewable-based electricity annually. The projects are underpinned by long-term power purchase agreements with creditworthy offtakers.
Ilesh Patel, who leads the egg Power business at Liberty Global, said, &#8220;This financing is the culmination of 12 months of work and marks a significant milestone for egg Power. Partnering with NatWest reinforces our commitment to delivering energy security, cost efficiency, and sustainability for the telecoms and digital infrastructure sectors and other energy-intensive industries. The agreement marks a significant step towards egg Power&#8217;s goal of delivering 1,500 MW of clean energy capacity by 2028 under long-term Power Purchase Agreements (PPAs). With Liberty Global&#8217;s backing and NatWest&#8217;s support, egg Power is well-positioned to become one of Europe&#8217;s most strongly supported renewable energy platforms.&#8221;
The company acquired the project&#8217;s rights to the 70 MW Grange Solar in Suffolk from PS Renewables (Padero Solar Renewables), a U.K. renewable energy company, in December 2025.
Large-scale project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom&#8217;s recently released Annual and Q4 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-and-q4-2025-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>.
&nbsp;

egg Power Secures $536 Million for Solar and Wind Projects

egg-power

Get the most relevant India solar and clean energy news.

RECENT POSTS