Virtual Meet to Drive Clean Energy Adoption in Jharkhand and Chhattisgarh

O2 Power, Continuum and CleanMax: Top Open Access Developers in 2023

Daily News Wrap-Up: Top Solar Module Mounting Firms in 2023

US Brings Back Tariffs on Imported Bifacial Solar Modules

Enfinity Secures $135 Million for 1.2 GW of Solar and Wind Projects in India

Coal India Subsidiary Invites Bids for 20 MW of Solar Projects in Odisha

Eos Energy Narrows Loss in Q1 2024, Cuts Direct Material Cost

SJVN’s Subsidiary Invites Bids for 377 MW of Solar Modules

Singareni Collieries Issues Consultancy Tender for 67.5 MW Solar Project

Rajasthan Regulator Approves Tariff for NLC India’s 810 MW Solar Project

<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/2023/10/amazon_polly_59177.mp3?version=1696395253">
			</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-southern-power-acquires-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a>
Southern Power, a subsidiary of Southern Company, an electric utility, <a href="https://mercomcapital.com/southern-power-acquires-south-cheyenne-solar-project/" target="_blank" rel="noopener">acquired</a> 150 MW of the South Cheyenne Solar Project from Qcells USA. The project is currently under construction and is expected to reach commercial operation in the first quarter of 2024. The project is located in Wyoming and is Southern Power’s first solar facility in the state.
AMEA Power, a renewable energy company, achieved financial <a href="https://mercomcapital.com/amea-power-reaches-financial-close-on-solar-project/" target="_blank" rel="noopener">closure</a> of its 120 MW solar project in Tunisia. The solar project is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and wholly owned by AMEA Power. The project, located in Metbassta, Kairouan governorate, is financed by IFC, a member of the World Bank Group, and the African Development Bank.
Madrid-based green energy group Bruc has <a href="https://www.mercomindia.com/green-energy-group-bruc-portfolio-expansion-in-spain" target="_blank" rel="noopener">signed</a> a financing agreement with seven prominent entities, securing €600 million (~$633.8 million), which will be utilized in developing and operating an 8.5 GW portfolio of solar and wind power projects in Spain. The projects will be in various regions of Spain, including Aragón, Andalusia, Extremadura, Castilla-La Mancha, and Castilla y León. The entities participating in this corporate financing initiative include Santander, ING, Instituto de Crédito Oficial, BNP Paribas, and Intesa Sanpaolo, who have taken on roles as bookrunners and mandated lead arrangers.
Solaria, a U.S.-headquartered solar equipment manufacturer and installer, has <a href="https://www.mercomindia.com/solaria-receives-boost-from-eibs-investeu" target="_blank" rel="noopener">secured</a> €1.7 billion (~$1.8 billion) in financing from the European Investment Bank through the InvestEU program. The financing will support the development of approximately 120 solar photovoltaic power projects, primarily in Spain, Italy, and Portugal, with a combined installed capacity of 5.6 GW.
Enea, a renewable energy company, <a href="https://mercomcapital.com/enea-acquires-35-mw-solar-project-in-poland/" target="_blank" rel="noopener">acquired</a> the 35 MW Genowefa solar project from PAD RES, a joint venture between Kajima Europe and Griffin Capital Partners in Poland. The project is located near Kleczew, Greater Poland Voivodeship. The construction began in April 2022, and the plant started producing energy in August 2023. The plant consists of 65,420 panels and covers an area of about 40 hectares.
SUSI Partners, a Switzerland-based investment firm acting on behalf of SUSI Energy Transition Fund, has <a href="https://www.susi-partners.com/susi-partners-secures-debt-financing-for-chilean-solar-pv-portfolio/" target="_blank" rel="noopener">secured</a> debt funding for a 107 MW distributed solar project portfolio in Chile. The funding was secured from the Miami branch of local bank Banco de Crédito e Inversiones, acting as lender and administrative agent, and Norway’s largest financial services group, DNB. The greenfield distributed generation projects, which benefit from stabilized offtake prices under Chile’s PMGD regime, are under construction. The entire portfolio is expected to be fully operational by the end of 2024.
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&#8217;s project finance <a href="https://mercomcapital.com/project-finance-brief-recurrent-financing-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Southern Power Acquires 150 MW Solar Project

enea

Get the most relevant India solar and clean energy news.

RECENT POSTS