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S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has <a href="https://cms.mercomindia.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://cms.mercomindia.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://cms.mercomindia.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://cms.mercomindia.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://cms.mercomindia.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://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-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/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>.

<a href="https://www.field.energy/" target="_blank" rel="noopener">Field</a>, an energy storage project developer, announced the acquisition of the 200 MW/800 MWh Hartmoor battery storage project near Hartlepool, England, U.K., 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.
JLL&#8217;s Energy and Infrastructure Advisory team acted as exclusive sell-side M&amp;A advisor to Clearstone Energy, while Mischon De Reya served as legal advisor to Clearstone Energy on the transaction.
Clearstone Energy secured the planning consent for Hartmoor in 2023. The financial details of the transaction remained undisclosed.
Field has three operational battery storage projects, with seven more in the construction or pre-construction stages totaling 450 MW/1 GWh.
Ben Pratt, Founder of Clearstone Energy, said, &#8220;Increasing U.K. electricity network flexibility through battery energy storage capacity is critical to delivering on the Government&#8217;s ambitious Clean Power 2030 goal. The Energy System Operator&#8217;s efforts to work with us to accelerate the project&#8217;s grid connection date is testament to its commitment to enabling the rapid build out of U.K. battery storage. Field has a compelling vision for the future of the U.K. energy system and we&#8217;re delighted that they will take the project through construction and into operations.&#8221;
According to Mercom&#8217;s 9M and Q3 2024 Funding and M&amp;A <a href="https://cms.mercomindia.com/product/9m-and-q3-2024-funding-and-ma-report-for-storage-and-grid/" target="_blank" rel="noopener">Report</a> for Energy Storage and Smart Grid, in 9M 2024, there were 22 energy storage project M&amp;A transactions (one disclosed) compared to 22 transactions (four disclosed) in 9M 2023.
In November, SSE Renewables, a developer specializing in renewable energy projects, announced the <a href="https://cms.mercomindia.com/sse-acquires-120-mw-240-mwh-battery-storage-project-in-ireland/" target="_blank" rel="noopener">acquisition</a> of project development rights for a 120 MW/240 MWh grid-scale battery energy storage system (BESS) in Ireland. The acquisition was made from Low Carbon, a U.K.-based renewable energy firm.

Field Acquires 200 MW/800 MWh Battery Storage Project in the UK

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