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POWERGRID Tenders 500 MW/1,000 MWh Battery Energy Storage Projects

Lightsource bp, a renewable energy project developer, and Pinnacle Financial Partners <a href="https://mercomcapital.com/lightsource-bp-secures-97-9-m-tax-equity-financing-187-mw-solar-project/" target="_blank" rel="noopener">announced</a> the closing of $97.9 million tax equity financing for the 187 MW Peacock Solar project located in San Patricio County, Texas. The partnership marks their second transaction and Pinnacle’s first production tax credit equity investment, reflecting the growing momentum in renewable energy financing in the U.S.
Copenhagen Infrastructure Partners, a fund manager within greenfield energy investments, on behalf of its fund Copenhagen Infrastructure IV, has <a href="https://mercomcapital.com/cip-sells-50-stake-in-coalburn-2-battery-project-to-aip-management/" target="_blank" rel="noopener">entered</a> into an agreement to divest a 50% ownership stake in the Coalburn 2 project to funds managed by AIP Management, an investor that specializes in energy and decarbonization infrastructure. The Coalburn 2 project, located in South Lanarkshire, southern Scotland, is a 500 MW/1,000 MWh lithium-ion storage project currently under construction.
Singapore-based renewable energy platform, Blueleaf Energy, and Noida-based Jakson Green have <a href="https://www.mercomindia.com/blueleaf-jakson-reach-financial-close-for-840-mw-solar-projects" target="_blank" rel="noopener">announced</a> the financial close of 840 MW ground-mounted solar projects in Bikaner, Rajasthan. This capacity comprises a 280 MW and a 560 MW project. These projects are part of the $400 million 1 GW solar project portfolio in Rajasthan, for which Blueleaf and Jackson had partnered in January this year. This portfolio also includes the under-construction 140 MW solar project in Bhawad, scheduled for commissioning this year.
Aukera, a Europe-based renewable energy developer and independent power producer, has <a href="https://mercomcapital.com/aukera-secures-16-million-financing-for-two-solar-projects/" target="_blank" rel="noopener">secured</a> €14 million (~$16.28 million) in senior financing for the development of its Erisweiler I and II solar projects, totaling 37.48 MW in Germany. Volksbank Sauerland eG provided the funding for the projects. Capcora acted as the exclusive financial advisor for the transaction.
Greenflash, a Houston-based energy infrastructure company focused on the acquisition, development, financing, ownership, and operation of grid-scale energy assets, <a href="https://mercomcapital.com/greenflash-acquires-200-mw-400-mwh-battery-storage-project-in-texas/" target="_blank" rel="noopener">announced</a> the acquisition of the 200 MW/400 MWh Rock Rose stand-alone battery energy storage project. The project was acquired from Advanced Power, a renewable energy project developer that owns and operates solar and storage projects. The project, located in Fort Bend County, Texas, is expected to receive Notice to Proceed in 2026 and commence commercial operations by mid-2027.
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-eolian-financing-bess-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Lightsource bp Secures Tax Equity Financing for 187 MW Solar Project

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-lightsource-bp-financing-solar-project-2/" target="_blank" rel="noopener">Mercom Capital Group</a>
Lightsource bp, a renewable energy project developer, and Pinnacle Financial Partners <a href="https://mercomcapital.com/lightsource-bp-secures-97-9-m-tax-equity-financing-187-mw-solar-project/" target="_blank" rel="noopener">announced</a> the closing of $97.9 million tax equity financing for the 187 MW Peacock Solar project located in San Patricio County, Texas. The partnership marks their second transaction and Pinnacle’s first production tax credit equity investment, reflecting the growing momentum in renewable energy financing in the U.S.
Copenhagen Infrastructure Partners, a fund manager within greenfield energy investments, on behalf of its fund Copenhagen Infrastructure IV, has <a href="https://mercomcapital.com/cip-sells-50-stake-in-coalburn-2-battery-project-to-aip-management/" target="_blank" rel="noopener">entered</a> into an agreement to divest a 50% ownership stake in the Coalburn 2 project to funds managed by AIP Management, an investor that specializes in energy and decarbonization infrastructure. The Coalburn 2 project, located in South Lanarkshire, southern Scotland, is a 500 MW/1,000 MWh lithium-ion storage project currently under construction.
Singapore-based renewable energy platform, Blueleaf Energy, and Noida-based Jakson Green have <a href="https://www.mercomindia.com/blueleaf-jakson-reach-financial-close-for-840-mw-solar-projects" target="_blank" rel="noopener">announced</a> the financial close of 840 MW ground-mounted solar projects in Bikaner, Rajasthan. This capacity comprises a 280 MW and a 560 MW project. These projects are part of the $400 million 1 GW solar project portfolio in Rajasthan, for which Blueleaf and Jackson had partnered in January this year. This portfolio also includes the under-construction 140 MW solar project in Bhawad, scheduled for commissioning this year.
Aukera, a Europe-based renewable energy developer and independent power producer, has <a href="https://mercomcapital.com/aukera-secures-16-million-financing-for-two-solar-projects/" target="_blank" rel="noopener">secured</a> €14 million (~$16.28 million) in senior financing for the development of its Erisweiler I and II solar projects, totaling 37.48 MW in Germany. Volksbank Sauerland eG provided the funding for the projects. Capcora acted as the exclusive financial advisor for the transaction.
Greenflash, a Houston-based energy infrastructure company focused on the acquisition, development, financing, ownership, and operation of grid-scale energy assets, <a href="https://mercomcapital.com/greenflash-acquires-200-mw-400-mwh-battery-storage-project-in-texas/" target="_blank" rel="noopener">announced</a> the acquisition of the 200 MW/400 MWh Rock Rose stand-alone battery energy storage project. The project was acquired from Advanced Power, a renewable energy project developer that owns and operates solar and storage projects. The project, located in Fort Bend County, Texas, is expected to receive Notice to Proceed in 2026 and commence commercial operations by mid-2027.
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-eolian-financing-bess-project/" target="_blank" rel="noopener">brief</a>.

<a href="https://gfinfra.com/" target="_blank" rel="noopener">Greenflash</a>, a Houston-based energy infrastructure company focused on the acquisition, development, financing, ownership, and operation of grid-scale energy assets, announced the acquisition of the 200 MW/400 MWh Rock Rose stand-alone battery energy storage project. The project was acquired from <a href="https://www.advanced-power.com/" target="_blank" rel="noopener">Advanced Power</a>, a renewable energy project developer that owns and operates solar and storage projects.
The project, located in Fort Bend County, Texas, is expected to receive Notice to Proceed in 2026 and commence commercial operations by mid-2027.
According to Greenflash, this project enhances its ERCOT portfolio, chosen for its strategic interconnection point, strong transmission access, and ability to bolster grid reliability through flexible dispatch.
This acquisition aligns with Greenflash&#8217;s broader strategy to expand utility-scale battery storage projects across the ERCOT region, advancing the company&#8217;s mission to strengthen Texas&#8217;s energy infrastructure and grid resilience.
&#8220;ERCOT, like other major power markets in the U.S., has an urgent need for projects that enhance grid reliability,&#8221; said Tom Spang, Advanced Power&#8217;s CEO. &#8220;As a premier developer of thermal, renewable, and now, BESS technology, Advanced Power is committed to bringing these contemporary power solutions to companies like Greenflash, who recognize the region&#8217;s urgent and growing energy and capacity needs. We look forward to their continuing success, as they advance Rock Rose through construction and long-term operations.&#8221;
According to Mercom&#8217;s 1H and Q2 2025 Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-2025-funding-ma-report-energy-storage/" target="_blank" rel="noopener">Report</a> for Energy Storage report, announced Energy Storage project financing increased 168% year-over-year in 2025.
In October, Varco Energy, a U.K.-based battery storage asset owner and operator, has <a href="https://cms.mercomindia.com/varco-energy-acquires-100-mw-old-allen-road-bess/" target="_blank" rel="noopener">announced</a> the acquisition of the 100 MW Old Allen Road Battery Energy Storage System (BESS), also known as Bradford West 2, in West Yorkshire. The 100 MW grid-scale facility in West Yorkshire is designed to deliver essential flexibility and grid-balancing services to the U.K. electricity network.

Greenflash Acquires 200 MW/400 MWh Battery Storage Project in Texas

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