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Emeren Group, a solar project developer, <a href="https://mercomcapital.com/emeren-group-sells-65-mw-solar-project-portfolio-in-germany/" target="_blank" rel="noopener">announced</a> the sale of a 65 MWp solar project portfolio to Trina Solar International System Business Unit, Trina Solar’s downstream project development arm. The company did not disclose the financial details of the acquisition. These projects are expected to close in mid-to-late 2025 and have the potential to integrate battery energy storage systems in the future to enhance the operational efficiency of the projects.
CCE Holding, an independent power producer, announced the <a href="https://mercomcapital.com/cce-holding-secures-25-million-for-solar-project-in-italy/" target="_blank" rel="noopener">closing</a> of €24 million (~$24.64 million) in project financing with Commerzbank, a Frankfurt-based bank. The loan will be used to construct a 42 MW solar project located in the municipality of Montalto di Castro in the Italian region of Lazio. The project is expected to be connected to the Italian electricity grid in the summer of 2025.
HA Sustainable Infrastructure Capital, an investor in climate solutions, <a href="https://mercomcapital.com/hasi-and-igs-solar-close-structured-equity-financing-for-residential-systems/" target="_blank" rel="noopener">announced</a> the closing of a structured equity financing with IGS Solar, a solar finance company and an affiliate of IGS Energy, to finance residential solar and energy storage systems in the U.S. HASI’s first equity investment in the partnership is expected to finance the installation of a 71 MW rooftop solar portfolio in 2025. The systems in the portfolio are mainly contracted to homeowners via 25-year leases and are expected to be located across 11 states, primarily focusing on Florida, New Jersey, New York, and Pennsylvania.
The Japan Bank for International Cooperation has <a href="https://www.mercomindia.com/japan-bank-signs-agreement-to-lend-770-million-to-pfc" target="_blank" rel="noopener">signed</a> an agreement to set up a credit line of JPY120 billion (~$770.64 million) with the government-owned Power Finance Corporation. JBIC’s share of the total credit line will be JPY72 billion (~$462.38 million). PFC secured the credit line under JBIC’s Global Action for Reconciling Economic Growth and Environmental Preservation program for India-based energy projects, including renewable and next-generation energy supply, energy-saving power generation, and heat supply.
Alternergy Holdings, a renewable energy project developer based in the Philippines, <a href="https://mercomcapital.com/alternergy-secures-17-million-financing-for-28-mw-solar-project-in-the-philippines/" target="_blank" rel="noopener">announced</a> the closing of a PhP1 billion (~$17 million) senior term loan from the Rizal Commercial Banking Corporation (RCBC) for the development and construction of the 28 MW Balsik solar power project in Hermosa in the province of Bataan, Philippines. The loan will be used to construct the project, which is expected to be completed in the second half of 2025.
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-origis-secures-financing-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Emeren Sells 65 MW Solar Portfolio in Germany

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-emeren-sells-65-mw-solar-portfolio-in-germany/" target="_blank" rel="noopener">Mercom Capital Group</a>
Emeren Group, a solar project developer, <a href="https://mercomcapital.com/emeren-group-sells-65-mw-solar-project-portfolio-in-germany/" target="_blank" rel="noopener">announced</a> the sale of a 65 MWp solar project portfolio to Trina Solar International System Business Unit, Trina Solar’s downstream project development arm. The company did not disclose the financial details of the acquisition. These projects are expected to close in mid-to-late 2025 and have the potential to integrate battery energy storage systems in the future to enhance the operational efficiency of the projects.
CCE Holding, an independent power producer, announced the <a href="https://mercomcapital.com/cce-holding-secures-25-million-for-solar-project-in-italy/" target="_blank" rel="noopener">closing</a> of €24 million (~$24.64 million) in project financing with Commerzbank, a Frankfurt-based bank. The loan will be used to construct a 42 MW solar project located in the municipality of Montalto di Castro in the Italian region of Lazio. The project is expected to be connected to the Italian electricity grid in the summer of 2025.
HA Sustainable Infrastructure Capital, an investor in climate solutions, <a href="https://mercomcapital.com/hasi-and-igs-solar-close-structured-equity-financing-for-residential-systems/" target="_blank" rel="noopener">announced</a> the closing of a structured equity financing with IGS Solar, a solar finance company and an affiliate of IGS Energy, to finance residential solar and energy storage systems in the U.S. HASI’s first equity investment in the partnership is expected to finance the installation of a 71 MW rooftop solar portfolio in 2025. The systems in the portfolio are mainly contracted to homeowners via 25-year leases and are expected to be located across 11 states, primarily focusing on Florida, New Jersey, New York, and Pennsylvania.
The Japan Bank for International Cooperation has <a href="https://www.mercomindia.com/japan-bank-signs-agreement-to-lend-770-million-to-pfc" target="_blank" rel="noopener">signed</a> an agreement to set up a credit line of JPY120 billion (~$770.64 million) with the government-owned Power Finance Corporation. JBIC’s share of the total credit line will be JPY72 billion (~$462.38 million). PFC secured the credit line under JBIC’s Global Action for Reconciling Economic Growth and Environmental Preservation program for India-based energy projects, including renewable and next-generation energy supply, energy-saving power generation, and heat supply.
Alternergy Holdings, a renewable energy project developer based in the Philippines, <a href="https://mercomcapital.com/alternergy-secures-17-million-financing-for-28-mw-solar-project-in-the-philippines/" target="_blank" rel="noopener">announced</a> the closing of a PhP1 billion (~$17 million) senior term loan from the Rizal Commercial Banking Corporation (RCBC) for the development and construction of the 28 MW Balsik solar power project in Hermosa in the province of Bataan, Philippines. The loan will be used to construct the project, which is expected to be completed in the second half of 2025.
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://www.mercomindia.com/project-finance-brief-origis-secures-swift-air-solar-project" target="_blank" rel="noopener">brief</a>.

<a href="https://www.hasi.com/" target="_blank" rel="noopener">HA Sustainable Infrastructure Capital</a> (HASI), an investor in climate solutions, announced the closing of a structured equity financing with IGS Solar, a solar finance company and an affiliate of IGS Energy, to finance residential solar and energy storage systems in the U.S. The company did not disclose the financial details of the deal.
HASI’s first equity investment in the partnership is expected to finance the installation of a 71 MW rooftop solar portfolio in 2025. The systems in the portfolio are mainly contracted to homeowners via 25-year leases and are expected to be located across 11 states, primarily focusing on Florida, New Jersey, New York, and Pennsylvania.
Marathon Capital acted as the financial advisor to IGS Solar on the transaction.
IGS Solar expects this financing partnership to support deploying solar and energy storage systems for up to 60,000 customers over the next three years.
“IGS’s forward-thinking approach and well-established profile as one of the largest independent retailers, combined with their significant experience and growth as a residential solar sponsor, make them an ideal partner,” said Daniela Shapiro, Senior Managing Director of HASI. “This investment marks an exciting milestone, and we look forward to building a strong programmatic partnership with IGS Solar to advance our shared mission of creating a sustainable energy future.”
In August 2024, HASI and Summit Ridge Energy, a community solar project owner and operator, <a href="https://mercomcapital.com/summit-ridge-energy-and-hasi-secure-term-loan-on-community-solar-portfolio/" target="_blank" rel="noopener">closed</a> a $309 million back-leveraged term loan on an 80 operating community solar project portfolio. Summit Ridge Capital Holdings, a joint venture between Summit Ridge Energy and HASI, owns the projects.
According to Mercom’s Annual and Q4 2024 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/annual-and-q4-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, large-scale project funding deals in 2024 totaled $53.8 billion in 259 deals, up from $44.5 billion raised in 229 deals in 2023.
Earlier this week, CCE Holding, an independent power producer, <a href="https://mercomcapital.com/cce-holding-secures-25-million-for-solar-project-in-italy/" target="_blank" rel="noopener">announced</a> the closing of €24 million (~$24.64 million) in project financing with Frankfurt-based Commerzbank to support the construction of a 42 MW solar project in Italy.

HASI and IGS Solar Close Structured Equity Financing for Residential Systems

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