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BayWa r.e., a renewable energy project developer, <a href="https://cms.mercomindia.com/baywa-r-e-sells-517-mw-solar-projects/" target="_blank" rel="noopener">announced</a> the sale of three solar projects totaling 517 MWdc to a privately held renewable independent power producer. The company finalized the transaction in October. The projects, located in the PJM Interconnection and the Midcontinent Independent System Operator regions, are expected to reach commercial operation by the end of 2025.
AMPYR Solar Europe, a solar project developer, <a href="https://cms.mercomindia.com/ampyr-solar-europe-secures-253-million-financing-for-solar-projects/" target="_blank" rel="noopener">announced</a> the closing of an up to £200 million (~$253.33 million) project finance facility with NORD/LB, a German-based commercial bank, to develop and construct a 400 MW solar projects in the U.K. Clifford Chance served as a legal advisor to AMPYR Solar Europe, while White &amp; Case represented NORD/LB on the transaction.
Jinko Power Technology has announced the financial <a href="https://www.mercomindia.com/jinko-secures-financial-solar-project-in-saudi-arabia" target="_blank" rel="noopener">close</a> of its 400 MW Tabarjal solar project in Saudi Arabia, paving the way for construction to begin. The project’s financing is supported by long-term, non-recourse funding from Riyadh Bank and the Arab Petroleum Investments Corporation.
National Renewable Solutions, a renewable energy project developer, <a href="https://cms.mercomindia.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. Deutsche Bank provided the construction financing for the project.
Eramet Grande Côte, a mining company and subsidiary of Eramet Group, and JUWI Renewable Energies, a renewable energy project developer and wholly owned subsidiary of MVV Energie, <a href="https://cms.mercomindia.com/eramet-grande-cote-juwi-secures-financing-for-solar-and-storage-project/" target="_blank" rel="noopener">reached</a> financial closure for an off-grid solar-plus-battery-storage project in Senegal. The project includes 20 MW of solar and 11 MWh of battery storage capacity.
BNZ, a solar project developer and an independent power producer (IPP), <a href="https://cms.mercomindia.com/bnz-acquires-127-7-mw-solar-projects-in-italy/" target="_blank" rel="noopener">announced</a> the acquisition of two greenfield solar projects totaling 127.7 MW from GreenGo, a renewable energy project developer. The two projects, with 90.5 MW and 37.2 MW capacity, are located in the municipalities of Francofonte (Siracusa) and Lercara Friddi (Palermo) in Sicily, Italy.
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-s4-energy-bess-portfolio-germany/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: BayWa r.e. Sells 517 MW Solar Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-baywa-r-e-sells-solar-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
BayWa r.e., a renewable energy project developer, <a href="https://mercomcapital.com/baywa-r-e-sells-517-mw-solar-projects/" target="_blank" rel="noopener">announced</a> the sale of three solar projects totaling 517 MWdc to a privately held renewable independent power producer. The company finalized the transaction in October. The projects, located in the PJM Interconnection and the Midcontinent Independent System Operator regions, are expected to reach commercial operation by the end of 2025.
AMPYR Solar Europe, a solar project developer, <a href="https://mercomcapital.com/ampyr-solar-europe-secures-253-million-financing-for-solar-projects/" target="_blank" rel="noopener">announced</a> the closing of an up to £200 million (~$253.33 million) project finance facility with NORD/LB, a German-based commercial bank, to develop and construct a 400 MW solar projects in the U.K. Clifford Chance served as a legal advisor to AMPYR Solar Europe, while White &amp; Case represented NORD/LB on the transaction.
Jinko Power Technology has announced the financial <a href="https://www.mercomindia.com/jinko-secures-financial-solar-project-in-saudi-arabia" target="_blank" rel="noopener">close</a> of its 400 MW Tabarjal solar project in Saudi Arabia, paving the way for construction to begin. The project’s financing is supported by long-term, non-recourse funding from Riyadh Bank and the Arab Petroleum Investments Corporation.
National Renewable Solutions, 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. Deutsche Bank provided the construction financing for the project.
Eramet Grande Côte, a mining company and subsidiary of Eramet Group, and JUWI Renewable Energies, a renewable energy project developer and wholly owned subsidiary of MVV Energie, <a href="https://mercomcapital.com/eramet-grande-cote-juwi-secures-financing-for-solar-and-storage-project/" target="_blank" rel="noopener">reached</a> financial closure for an off-grid solar-plus-battery-storage project in Senegal. The project includes 20 MW of solar and 11 MWh of battery storage capacity.
BNZ, a solar project developer and an independent power producer (IPP), <a href="https://mercomcapital.com/bnz-acquires-127-7-mw-solar-projects-in-italy/" target="_blank" rel="noopener">announced</a> the acquisition of two greenfield solar projects totaling 127.7 MW from GreenGo, a renewable energy project developer. The two projects, with 90.5 MW and 37.2 MW capacity, are located in the municipalities of Francofonte (Siracusa) and Lercara Friddi (Palermo) in Sicily, Italy.
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-s4-energy-bess-portfolio-germany/" target="_blank" rel="noopener">brief</a>.

<a href="https://natrs.com/" target="_blank" rel="noopener">National Renewable Solutions</a> (NRS), a renewable energy project developer, secured $145 million in project financing for the 140 MW solar and 50 MW storage Shallow Basket Project in Rio Arriba County, New Mexico. Deutsche Bank provided the construction financing for the project.
The project, located about 30 miles west of Cuba, New Mexico, is currently under construction and is expected to reach commercial operation in 2025.
Guzman Energy will purchase 100% of the electricity produced from the project. The Jicarilla Apache Nation is leasing its land for the project, benefitting from the power produced through its wholesale supply agreement with Guzman Energy.
Albuquerque-based Gridworks will provide engineering, procurement, and construction services, while NRS will continue to own and operate the project. According to NRS, the project is expected to generate 250 jobs upon completion.
&#8220;The Shallow Basket Project embodies our commitment to a sustainable future and economic self-sufficiency for the Jicarilla Apache Nation,&#8221; said President Adrian Notsinneh, Jicarilla Apache Nation. &#8220;By harnessing renewable energy on our lands, we&#8217;re building a legacy of environmental stewardship. We are protecting our environment and creating new opportunities for economic growth that will ensure prosperity for future generations.&#8221;
According to Mercom’s 9M and Q3 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/9m-and-q3-2024-solar-funding-and-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 month, Clearway Energy Group, a developer and operator of clean energy projects, announced the financial <a href="https://cms.mercomindia.com/clearway-closes-financing-for-solar-and-storage-projects/" target="_blank" rel="noopener">closure</a> of the 300 MW Pine Forest solar and 200 MW Pine Forest standalone storage projects in Hopkins County, Texas, which are now under construction.

National Renewable Solutions Secures $145 Million in Project Financing

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