Railways Issue Empanelment Tender for 2.33 MW Rooftop Solar Projects

FTC Solar Expects Revenue Rebound as Q1 2024 Losses Shrink

Bloom Eyes Opportunities in Data Centers as Net Loss Narrows

Plug Power’s Losses Deepen Despite Cost-Cutting Measures

Fewer Installation Delays in 2023 Boost Utility-Scale Solar Projects in US: EIA

Greenko to Supply Green Ammonia to Norway’s Yara from Andhra Pradesh Facility

Solar Power Generation in India Rises 8.8% YoY to 32 BU in Q1 2024

Daily News Wrap-Up: Solar’s Share in India’s Power Capacity Rose to 19% YoY in Q1

2023 Solar Module Market Leaders: Jinko, LONGi, JA Solar, Waaree and Trina

East Central Railway Issues Empanelment Tender for 2 MW Rooftop Solar Projects


					<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/2024/03/amazon_polly_64039.mp3?version=1709700055">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-recurrent-energy-funding-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Recurrent Energy, a global developer, owner, and operator of solar and energy storage, </strong><a href="https://mercomcapital.com/recurrent-energy-secures-funding-for-119-mw-horus-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> financial closure on the 119 MW Horus Solar project</strong> in Mexico. The solar project was closed under a non-recourse financing of $51 million provided by Korea Eximbank, South Korea’s official export credit agency, and KEB Hana Bank, one of South Korea’s largest banks.</p>
<p><strong>ENGIE North America, a U.S.-based electric utility, </strong><a href="https://mercomcapital.com/engie-secures-1-billion-financing-for-1-3-gw-renewable-projects/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the completion of more than $1 billion in tax equity financing for 1.3 GW of renewable energy projects</strong> in the U.S. The financing was secured through separate agreements with three banks, including J.P. Morgan, Goldman Sachs, and BNP Paribas. The financing pertains to a portfolio of recently commissioned renewable projects in the U.S. The overall portfolio consists of 6 projects across ERCOT, MISO, and SPP, including 950 MW of solar and 353 MW of wind capacity.</p>
<p><strong>The European Bank for Reconstruction and Development and French asset manager Eiffel Investment Group extended a joint <a href="https://mercomcapital.com/ebrd-and-eiffel-provide-loan-solar-projects-poland/" target="_blank" rel="noopener">loan</a> of €45 million</strong> (~$48.83 million) to PL-SUN for the construction of a portfolio of solar power plants.</p>
<p><strong>India-based BluPine Energy has expanded its renewable energy portfolio by </strong><a href="https://www.mercomindia.com/blupine-energy-acquires-369-mw-of-solar" target="_blank" rel="noopener"><strong>acquiring</strong></a><strong> 369 MW of solar power assets from the ACME Group</strong>. The deal covers 14 special-purpose vehicle solar projects located across Uttarakhand, Punjab, and Karnataka. With this acquisition, BluPine’s total renewable capacity has grown to 2.4 GW.</p>
<p><strong>Elawan Energy, a developer and operator in the renewable energy industry, has </strong><a href="https://mercomcapital.com/elawan-energy-secures-163-million-for-renewable-project-portfolio-in-spain/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> €150 million (~$162.76 million) in debt financing</strong> for a portfolio of renewable projects in Spain. The project is financed by ING, Banco Sabadell, Banco Santander, and Unicaja. Watson Farley &amp; Williams provided legal assistance to Elawan Energy through the transaction, while Clifford Chance advised the financers.</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-strata-clean-energy-secures-storage-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Recurrent Energy Secures Funding for 119 MW Solar Project

eiffel

Get the most relevant India solar and clean energy news.

RECENT POSTS