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Maxsolar, a German-based solar and storage project developer, <a href="https://cms.mercomindia.com/maxsolar-secures-financing-facility-solar-storage-projects/" target="_blank" rel="noopener">secured</a> €410 million (~$460 million) financing facility to install 2 GW of solar and co-located storage projects in the next five years. Infranity led the investment round with participation from I Squared Capital and Rivage Investment. The financing facility comprises an initially committed tranche of €165 million (~$185.27 million) and a second tranche that will expand the size of the facility with an additional €245 million (~$275 million).
Hive Energy, a solar project developer, has signed an <a href="https://cms.mercomindia.com/hive-energy-sells-ready-build-solar-projects-italy/" target="_blank" rel="noopener">agreement</a> with GreenIT, the joint venture between Plenitude and CDP Equity, to sell four solar projects in Italy with a total capacity of 200 MW. The financial terms of the transaction were not disclosed. The new projects will be developed in Apulia, Sicily, and Lazio using agrivoltaic technology, which involves installing raised structures to achieve synergy between agriculture and renewable energy production.
Italy-headquartered Enel, along with its Chilean subsidiary, has entered into an <a href="https://www.mercomindia.com/enel-to-sell-416-chile-to-sonnedix-for-550-million" target="_blank" rel="noopener">agreement</a> to sell a 416 MW portfolio of solar photovoltaic power projects in Chile to Sonnedix, a renewable energy producer, for $550 million. These portfolios of projects owned by Arcadia Generacion Solar include Diego de Almagro (36 MW), Carrera Pinto (97 MW), Pampa Solar Norte (79 MW), and Domeyko (204 MW).
Scatec, a renewable energy solutions provider, <a href="https://cms.mercomindia.com/scatec-sells-stake-mozambique-solar-project/" target="_blank" rel="noopener">signed</a> an agreement with Globeleq, an independent power producer, to sell its 52.5% equity share in the 40 MW Mocuba solar power project in Mozambique for $8.5 million. The Mocuba solar power plant is located in the Zambézia Province of Mozambique and was commissioned in August 2019. The project has an annual production of approximately 75 GWh and holds a 25-year PPA with the state-owned utility, EDM.
Heelstone Renewable Energy, an independent power producer, and solar project developer, announced the successful <a href="https://cms.mercomindia.com/heelstone-renewable-energy-funding-solar-project-georgia/" target="_blank" rel="noopener">closure</a> of a tax equity investment for four solar projects totaling 320 MW in Georgia. The financial terms of the transaction were not disclosed. Advantage Capital acted as the tax equity syndicator for Heelstone’s four Georgia utility-scale solar projects currently under construction: Bird Dog Solar, Blackwater Solar, Hobnail Solar, and Wolfskin Solar, totaling approximately 320 MW.
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-grenergy-raises-148-million/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: MaxSolar Secures $460 Million for 2 GW Solar Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-maxsolar-secures-solar-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
Maxsolar, a German-based solar and storage project developer, <a href="https://mercomcapital.com/maxsolar-secures-financing-facility-solar-storage-projects/" target="_blank" rel="noopener">secured</a> €410 million (~$460 million) financing facility to install 2 GW of solar and co-located storage projects in the next five years. Infranity led the investment round with participation from I Squared Capital and Rivage Investment. The financing facility comprises an initially committed tranche of €165 million (~$185.27 million) and a second tranche that will expand the size of the facility with an additional €245 million (~$275 million).
Hive Energy, a solar project developer, has signed an <a href="https://mercomcapital.com/hive-energy-sells-ready-build-solar-projects-italy/" target="_blank" rel="noopener">agreement</a> with GreenIT, the joint venture between Plenitude and CDP Equity, to sell four solar projects in Italy with a total capacity of 200 MW. The financial terms of the transaction were not disclosed. The new projects will be developed in Apulia, Sicily, and Lazio using agrivoltaic technology, which involves installing raised structures to achieve synergy between agriculture and renewable energy production.
Italy-headquartered Enel, along with its Chilean subsidiary, has entered into an <a href="https://www.mercomindia.com/enel-to-sell-416-chile-to-sonnedix-for-550-million" target="_blank" rel="noopener">agreement</a> to sell a 416 MW portfolio of solar photovoltaic power projects in Chile to Sonnedix, a renewable energy producer, for $550 million. These portfolios of projects owned by Arcadia Generacion Solar include Diego de Almagro (36 MW), Carrera Pinto (97 MW), Pampa Solar Norte (79 MW), and Domeyko (204 MW).
Scatec, a renewable energy solutions provider, <a href="https://mercomcapital.com/scatec-sells-stake-mozambique-solar-project/" target="_blank" rel="noopener">signed</a> an agreement with Globeleq, an independent power producer, to sell its 52.5% equity share in the 40 MW Mocuba solar power project in Mozambique for $8.5 million. The Mocuba solar power plant is located in the Zambézia Province of Mozambique and was commissioned in August 2019. The project has an annual production of approximately 75 GWh and holds a 25-year PPA with the state-owned utility, EDM.
Heelstone Renewable Energy, an independent power producer, and solar project developer, announced the successful <a href="https://mercomcapital.com/heelstone-renewable-energy-funding-solar-project-georgia/" target="_blank" rel="noopener">closure</a> of a tax equity investment for four solar projects totaling 320 MW in Georgia. The financial terms of the transaction were not disclosed. Advantage Capital acted as the tax equity syndicator for Heelstone’s four Georgia utility-scale solar projects currently under construction: Bird Dog Solar, Blackwater Solar, Hobnail Solar, and Wolfskin Solar, totaling approximately 320 MW.
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://www.mercomindia.com/project-finance-brief-grenergy-raises-for-solar-projects" target="_blank" rel="noopener">brief</a>.

<a href="https://www.maxsolar.com/">Maxsolar</a>, a German-based solar and storage project developer, secured €410 million (~$460 million) financing facility to install 2 GW of solar and co-located storage projects in the next 5 years. Infranity led the investment round with participation from I Squared Capital and Rivage Investment.
The financing facility comprises an initially committed tranche of €165 million (~$185.27 million) and a second tranche that will expand the size of the facility by an additional €245 million (~$275 million). The financing is expected to accelerate MaxSolar’s ambition to be a large independent power producer of renewable electricity.
The proceeds from this facility, together with project-level senior financing, will be used to support capital investments in solar PV and co-located storage projects. Furthermore, the facility offers the flexibility to deploy capital towards inorganic growth opportunities and project development expenditures.
Christoph Strasser, CEO of MaxSolar, said, “We are thrilled to collaborate with like-minded partners who share our vision of accelerating Europe’s energy transition. The financing facility will enable our next growth phase by helping us materially scale our offering. I would also like to express my deepest gratitude to our exceptional team, whose dedication and remarkable spirit have made this financing facility possible.”
According to Mercom’s recently released 1H and Q2 2023 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-q2-2023-solar-funding-ma-report/">Report</a>, announced large-scale project funding in Q2 2023 came to $9.5 billion in 51 deals, a 79% increase QoQ compared to $5.3 billion raised in 62 deals in Q1 2023.
Heelstone Renewable Energy, an independent power producer and solar project developer, announced the successful closure of a tax equity investment for four solar projects totaling 320 MW in Georgia. The financial terms of the transaction were not disclosed. Advantage Capital acted as the tax equity syndicator for Heelstone’s four Georgia utility-scale solar projects currently under construction: Bird Dog Solar, Blackwater Solar, Hobnail Solar and Wolfskin Solar, totaling approximately 320 MW (the “Georgia Projects”).

MaxSolar Secures $460 Million Financing Facility for 2 GW Solar + Storage Projects

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