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Origis Energy, a solar project developer, announced $415 million in <a href="https://cms.mercomindia.com/origis-energy-secures-415-million-financing-for-swift-air-solar-project/" target="_blank" rel="noopener">financing</a> to develop the 145 MW Swift Air solar project in Ector County, Texas. The funding was provided by Natixis Corporate &amp; Investment Banking (CIB) and Advantage Capital. Natixis CIB was the sole coordinating lead arranger, hedging bank, LC issuer, green loan coordinator, and administrative agent for the $290 million construction and term debt financing.
ib vogt, a solar and energy storage project developer, announced an <a href="https://cms.mercomindia.com/ib-vogt-sells-780-mw-solar-and-storage-project-portfolio-in-greece/" target="_blank" rel="noopener">agreement</a> to sell a solar and storage project portfolio to Faria Renewables, a Greece-based renewable energy project developer backed by Omnes Capital’s Capenergie 5 fund and the Faria Group. The portfolio comprises around 780 MWp solar projects and battery energy storage systems, which are in various stages of development.
AES Chile, a subsidiary of U.S. utility company AES, announced the <a href="https://cms.mercomindia.com/aes-chile-acquires-171-mw-solar-project-in-chile/" target="_blank" rel="noopener">acquisition</a> of the 171 MWp Atacama solar project from Sonnedix, which develops, builds, and operates renewable energy projects. The project is located between the municipalities of Pica and Pozo Almonte in the Tarapacá Region of Chile. The solar project began commercial operation in April 2021 and features 494,640 solar modules and 48 inverters.
Independent power producer Sunsure Energy has <a href="https://www.mercomindia.com/sunsure-raises-4-billion-aseem-infrastructure" target="_blank" rel="noopener">secured</a> ₹4.16 billion (~$48.07 million) in long-term debt financing from Aseem Infrastructure Finance to develop a 150 MW open access solar park in Solapur, Maharashtra. The project’s first phase is operational, supplying clean energy to industrial customers. The full capacity is scheduled for completion by March 2025.
Linea Energy, a renewable energy project developer sponsored by EnCap Investments, <a href="https://cms.mercomindia.com/linea-energy-secures-financing-for-109-mw-solar-project/" target="_blank" rel="noopener">announced</a> the closing of debt financing for its 109 MWdc Pineview solar project in Wilcox County, Georgia. The funding comprises a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. First Citizens Bank and Norddeutsche Landesbank Girozentrale led a consortium of lenders that provided the funding. The company did not disclose the amount of the project debt financing.
X-ELIO, a Brookfield-owned renewable energy project developer, <a href="https://cms.mercomindia.com/x-elio-sells-50-mw-solar-project-in-spain/" target="_blank" rel="noopener">announced</a> an agreement with Tion Renewables, a Munich-based renewable energy power producer, to sell a 50 MW solar project in the province of Almeria in southern Spain. The company did not disclose the financial details of the acquisition. The transaction is subject to customary closing conditions and is expected to close by the beginning of February.
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-contourglobal-acquires-solar-storage-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Origis Secures $415 Million Financing for Swift Air Solar Project

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-origis-secures-financing-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a>
Origis Energy, a solar project developer, announced $415 million in <a href="https://mercomcapital.com/origis-energy-secures-415-million-financing-for-swift-air-solar-project/" target="_blank" rel="noopener">financing</a> to develop the 145 MW Swift Air solar project in Ector County, Texas. The funding was provided by Natixis Corporate &amp; Investment Banking (CIB) and Advantage Capital. Natixis CIB was the sole coordinating lead arranger, hedging bank, LC issuer, green loan coordinator, and administrative agent for the $290 million construction and term debt financing.
ib vogt, a solar and energy storage project developer, announced an <a href="https://mercomcapital.com/ib-vogt-sells-780-mw-solar-and-storage-project-portfolio-in-greece/" target="_blank" rel="noopener">agreement</a> to sell a solar and storage project portfolio to Faria Renewables, a Greece-based renewable energy project developer backed by Omnes Capital’s Capenergie 5 fund and the Faria Group. The portfolio comprises around 780 MWp solar projects and battery energy storage systems, which are in various stages of development.
AES Chile, a subsidiary of U.S. utility company AES, announced the <a href="https://mercomcapital.com/aes-chile-acquires-171-mw-solar-project-in-chile/" target="_blank" rel="noopener">acquisition</a> of the 171 MWp Atacama solar project from Sonnedix, which develops, builds, and operates renewable energy projects. The project is located between the municipalities of Pica and Pozo Almonte in the Tarapacá Region of Chile. The solar project began commercial operation in April 2021 and features 494,640 solar modules and 48 inverters.
Independent power producer Sunsure Energy has <a href="https://www.mercomindia.com/sunsure-raises-4-billion-aseem-infrastructure" target="_blank" rel="noopener">secured</a> ₹4.16 billion (~$48.07 million) in long-term debt financing from Aseem Infrastructure Finance to develop a 150 MW open access solar park in Solapur, Maharashtra. The project’s first phase is operational, supplying clean energy to industrial customers. The full capacity is scheduled for completion by March 2025.
Linea Energy, a renewable energy project developer sponsored by EnCap Investments, <a href="https://mercomcapital.com/linea-energy-secures-financing-for-109-mw-solar-project/" target="_blank" rel="noopener">announced</a> the closing of debt financing for its 109 MWdc Pineview solar project in Wilcox County, Georgia. The funding comprises a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. First Citizens Bank and Norddeutsche Landesbank Girozentrale led a consortium of lenders that provided the funding. The company did not disclose the amount of the project debt financing.
X-ELIO, a Brookfield-owned renewable energy project developer, <a href="https://mercomcapital.com/x-elio-sells-50-mw-solar-project-in-spain/" target="_blank" rel="noopener">announced</a> an agreement with Tion Renewables, a Munich-based renewable energy power producer, to sell a 50 MW solar project in the province of Almeria in southern Spain. The company did not disclose the financial details of the acquisition. The transaction is subject to customary closing conditions and is expected to close by the beginning of February.
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-contourglobal-acquires-solar-storage-project/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.lineaenergy.com/" target="_blank" rel="noopener">Linea Energy</a>, a renewable energy project developer sponsored by EnCap Investments, announced the closing of debt financing for its 109 MWdc Pineview solar project in Wilcox County, Georgia.
The funding comprises a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. First Citizens Bank and Norddeutsche Landesbank Girozentrale led a consortium of lenders that provided the funding.
Winston &amp; Strawn acted as the lenders&#8217; legal counsel, while Skadden, Arps, Slate, Meagher &amp; Flom acted as Linea Energy&#8217;s borrower counsel on the transaction.
The company did not disclose the amount of the project debt financing.
Discovery Industries is constructing the project. Once operational, the electricity produced will be purchased by the Municipal Electric Authority of Georgia, a public power organization, and is expected to power approximately 13,000 households across the region according to Linea Energy.
&#8220;We are proud to announce the debt financing of Pineview,&#8221; said Cassidy DeLine, Chief Executive Officer of Linea Energy. &#8220;The financing is a critical step in the advancement of the Pineview project. The capital provided by First Citizens and NORD/LB will enable us to supply clean, reliable solar power to Georgia while contributing to the local economy.&#8221;
Mike Lorusso, Managing Director and Group Head for First Citizens&#8217; Energy Finance Group, added, &#8220;First Citizens is excited to support Pineview and continue our partnership with Linea. Pineview will advance Georgia&#8217;s clean energy goals by delivering renewable energy to communities throughout the state.&#8221;
According to Mercom’s 9M and Q3 2024 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/9m-q3-2023-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, large-scale project funding in 9M 2024 totaled $34.3 billion in 180 deals, up from $27.5 billion in 169 deals in 9M 2023.
Last November, National Renewable Solutions (NRS), a renewable energy project developer, <a href="https://mercomcapital.com/national-renewable-solutions-secures-145-million-in-project-financing/" target="_blank" rel="noopener">secured</a> $145 million in project financing for the 140 MW solar and 50 MW storage Shallow Basket Project in Rio Arriba County, New Mexico.

Linea Energy Secures Financing for 109 MW Solar Project

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