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Financing Options for Rooftop and Open Access Solar Projects

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MAHAPREIT Invites Bids to Empanel Solar Project Consultants

SECI Invites Bids for 13 MW Rooftop Solar Projects in Puducherry

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-s4-energy-bess-portfolio-germany/" target="_blank" rel="noopener">Mercom Capital Group</a>
S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has <a href="https://mercomcapital.com/s4-energy-to-acquire-310-mw-battery-energy-storage-portfolio-in-germany/" target="_blank" rel="noopener">agreed</a> to acquire a 310 MW portfolio of German battery energy storage projects from Terra One Climate Solutions, a Germany-based energy storage project developer. The portfolio comprises projects in shovel-ready and advanced stages of development and is expected to reach commercial operation between 2026 and 2028.
esVolta, an energy storage project developer, <a href="https://mercomcapital.com/esvolta-secures-110-million-financing-for-hummingbird-energy-storage-project/" target="_blank" rel="noopener">completed</a> a $110 million tax equity transaction with Greenprint Capital Management to develop and construct the 300 MWh Hummingbird battery energy storage project in San Jose, California. The project is under construction and is expected to be completed in 2025.
ACME Sun Power, a wholly owned subsidiary of ACME Solar Holdings, has <a href="https://www.mercomindia.com/acme-secures-37-billion-loan-from-rec" target="_blank" rel="noopener">secured</a> a ₹37.53 billion (~$444.68 million) loan from REC Limited to develop 320 MW Firm and Dispatchable Renewable Energy projects in collaboration with SJVN. The project is located in high-resource potential regions, with the solar capacity situated in Jaisalmer, Rajasthan, and wind power generation at Bhuj and Jam Khambhaliya in Gujarat.
Standard Solar, a developer and owner of commercial and community solar projects, <a href="https://mercomcapital.com/standard-solar-acquires-25-mw-solar-project-from-balanced-rock-power/" target="_blank" rel="noopener">acquired</a> 25 MWdc of the Windhub Solar B solar project in Kern County, California, from Balanced Rock Power, a renewable energy project developer. The project’s construction will begin in the first half of 2025.
Field, an energy storage project developer, <a href="https://mercomcapital.com/field-acquires-200-mw-800-mwh-battery-storage-project-in-the-uk/" target="_blank" rel="noopener">announced</a> the acquisition of the 200 MW/800 MWh Hartmoor battery storage project near Hartlepool, England, UK, from independent project developer Clearstone Energy. According to Field, the project is expected to be operational in 2026 and will store up to 800 MWh of clean electricity.
AXIAN Energy, a renewable energy project developer, <a href="https://mercomcapital.com/axian-energy-secures-90-million-financing-for-solar-plus-storage-projects/" target="_blank" rel="noopener">secured</a> €84 million (~$89.69 million) financing for two solar plants with energy storage systems in the southern Senegalese region of Kolda. A group of lenders comprising the Dutch entrepreneurial development bank FMO, the Emerging Africa &amp; Asia Infrastructure Fund (EAAIF), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) provided the funding.
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-edp-acquires-solar-project-brazil/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: S4 Energy to Acquire 310 MW BESS Portfolio in Germany

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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-nexamp-secures-520-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Nexamp, a developer of solar and storage projects, <a href="https://mercomcapital.com/solar-and-storage-developer-nexamp-secures-520-million/" target="_blank" rel="noopener">secured</a> $520 million in a funding round led by Manulife Investment Management, alongside existing investors Diamond Generating Corporation and Generate Capital. The company said this investment would enable them to expand and expedite their existing renewable project pipeline across the country. Additionally, it will help develop partnerships in both new and existing markets, as well as consumer-driven offerings.
esVolta, a large-scale energy storage project developer, has <a href="https://mercomcapital.com/esvolta-secures-185-million-senior-secured-credit-facility/" target="_blank" rel="noopener">closed</a> a $185 million senior secured credit facility. The credit facility will provide additional development capital to secure obligations principally relating to interconnection, power purchase agreements (PPA), equipment deposits, and early pre-NTP construction funding for its 20+ GWh pipeline energy storage projects across the U.S.
GridBeyond, an intelligent energy and smart grid platform for distributed energy resource management, has <a href="https://mercomcapital.com/gridbeyond-raises-series-c-funding/" target="_blank" rel="noopener">closed</a> €52 million (~$55 million) in Series C funding led by Alantra’s Energy Transition Fund, Klima. The round also included new investors, including Energy Impact Partners, Mirova, ABB, Constellation, Yokogawa Electric Corporation, and existing investor Act Venture Capital. The funding will be used to further improve GridBeyond’s technology and boost its expansion efforts.
Arcadia, a utility data and community solar company, <a href="https://mercomcapital.com/arcadia-secures-50-million-financing/" target="_blank" rel="noopener">secured</a> $50 million in financing to support the growth of its community solar program. The funding will also support the company’s product innovation, leveraging AI to unlock new applications based on its energy data. The round includes a fund managed by Macquarie Asset Management as a new equity investor alongside existing investors.
Husk Power Systems, a decentralized solar-hybrid mini-grids provider, has <a href="https://www.mercomindia.com/husk-electrifi-mini-grids-india" target="_blank" rel="noopener">secured</a> a $4 million investment in debt financing from Electrifi. This impact investment facility will enable the company to accelerate its efforts to provide clean energy access in rural India. The latest funding adds to ElectriFi’s $6 million investment in September 2022, which allowed Husk to implement solar microgrids that electrified 80 communities.
AutoNxt Automation, a Maharashtra-based e-mobility tech startup, has <a href="https://www.mercomindia.com/autonxt-pre-series-a-funding" target="_blank" rel="noopener">raised</a> funds in a Pre-Series A funding round to finance the launch of its first electric tractor with self-driving options. The funding round was led by Saama, an India-based early-stage venture capital firm. Amit Singhal, former Head of Google’s search division, Suveer Sinha, India Head for KKR Capstone, Bluehill Capital, Keiretsu Forum, Soonicorn Ventures, and other marquee investors also participated in the funding round. The companies did not disclose the amount raised.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-torus-raises-67-million" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Nexamp Secures $520 Million

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