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Nexwell Power, a Nexwell Group institutional-grade platform focused on accelerating the energy transition, <a href="https://mercomcapital.com/nexwell-power-acquires-248-mw-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> the acquisition of a 248 MW solar project portfolio from Q ENERGY, a renewable energy company headquartered in Berlin and an affiliate of the Hanwha Group. The portfolio comprises seven solar projects located across the regions of Andalusia and Aragon in Spain. Currently, four of the solar projects are under construction and are expected to begin operation in early 2026.
Dimension Energy, a community solar developer, owner, and operator, <a href="https://mercomcapital.com/dimension-energy-closes-360-million-financing-for-solar-project-portfolio/" target="_blank" rel="noopener">secured</a> $360 million in construction and term financing to support the development of a portfolio of 28 community solar projects totaling 112 MWdc located in New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania. First Citizens Bank acted as lead debt syndicator alongside ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Advantage Capital provided $170 million in tax equity.
Peak Energy, an Asia-based renewable energy project developer, <a href="https://mercomcapital.com/peak-energy-acquires-48-mw-solar-project-portfolio-in-japan/" target="_blank" rel="noopener">announced</a> the completion of the acquisition of a portfolio of ready-to-build high-voltage solar projects totaling 48 MW of capacity in Japan, located across various regions of the country, including Tokyo and Tohoku. The solar projects are expected to reach commercial operations progressively over 2026-2027. Once operational, the portfolio is expected to produce approximately 60 GWh of zero-carbon electricity annually.
European Energy, a renewable energy project developer, <a href="https://mercomcapital.com/european-energy-secures-over-80-million-financing-for-solar-projects/" target="_blank" rel="noopener">reached</a> financial closure of more than €70 million (~$80.72 million) to support the development and construction of two utility-scale solar projects in Australia. The financing will be used for the development of the 106 MW Lancaster solar project, currently under construction in Victoria, and the 31 MW Mulwala solar project, located in New South Wales. The construction of the Mulwala project is expected to begin in the third quarter 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-scatec-solar-storage-project-egypt/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Nexwell Power Acquires 248 MW Solar Project Portfolio

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-nexwell-power-acquires-248-mw-solar-project-portfolio/" target="_blank" rel="noopener">Mercom Capital Group</a>
Nexwell Power, a Nexwell Group institutional-grade platform focused on accelerating the energy transition, <a href="https://mercomcapital.com/nexwell-power-acquires-248-mw-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> the acquisition of a 248 MW solar project portfolio from Q ENERGY, a renewable energy company headquartered in Berlin and an affiliate of the Hanwha Group. The portfolio comprises seven solar projects located across the regions of Andalusia and Aragon in Spain. Currently, four of the solar projects are under construction and are expected to begin operation in early 2026.
Dimension Energy, a community solar developer, owner, and operator, <a href="https://mercomcapital.com/dimension-energy-closes-360-million-financing-for-solar-project-portfolio/" target="_blank" rel="noopener">secured</a> $360 million in construction and term financing to support the development of a portfolio of 28 community solar projects totaling 112 MWdc located in New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania. First Citizens Bank acted as lead debt syndicator alongside ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Advantage Capital provided $170 million in tax equity.
Peak Energy, an Asia-based renewable energy project developer, <a href="https://mercomcapital.com/peak-energy-acquires-48-mw-solar-project-portfolio-in-japan/" target="_blank" rel="noopener">announced</a> the completion of the acquisition of a portfolio of ready-to-build high-voltage solar projects totaling 48 MW of capacity in Japan, located across various regions of the country, including Tokyo and Tohoku. The solar projects are expected to reach commercial operations progressively over 2026-2027. Once operational, the portfolio is expected to produce approximately 60 GWh of zero-carbon electricity annually.
European Energy, a renewable energy project developer, <a href="https://mercomcapital.com/european-energy-secures-over-80-million-financing-for-solar-projects/" target="_blank" rel="noopener">reached</a> financial closure of more than €70 million (~$80.72 million) to support the development and construction of two utility-scale solar projects in Australia. The financing will be used for the development of the 106 MW Lancaster solar project, currently under construction in Victoria, and the 31 MW Mulwala solar project, located in New South Wales. The construction of the Mulwala project is expected to begin in the third quarter 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-scatec-solar-storage-project-egypt/" target="_blank" rel="noopener">brief</a>.

<a href="https://nexwellpower.com/" target="_blank" rel="noopener">Nexwell Power</a>, a Nexwell Group institutional-grade platform focused on accelerating the energy transition, announced the acquisition of a 248 MW solar project portfolio from Q ENERGY, a renewable energy company headquartered in Berlin and an affiliate of the Hanwha Group.
The portfolio comprises seven solar projects located across the regions of Andalusia and Aragon in Spain.
Currently, four of the solar projects are under construction and are expected to begin operation in early 2026. These include the 72 MW Andújar projects located in Andújar (Jaén), the 26 MW Silverio project in Guadalcázar (Córdoba), and the 45 MW Mudéjar project located near Samper de Calanda and Híjar (Teruel).
The remaining three projects, all in the advanced development phase, are the Peñaflor 1, Peñaflor 2, and Peñaflor 3 projects, located in Zaragoza, with a total capacity of 105 MW.
Once operational, the projects are expected to generate a total of 500 GWh of clean energy per year. The company did not disclose financial details of the acquisition.
Mr. Miguel Muñoz, COO of Nexwell Power, stated, &#8220;This acquisition marks a key step in Nexwell Power&#8217;s evolution into a next-generation renewable energy producer.&#8221; Mr. Muñoz also added, &#8220;It reinforces our commitment to net-zero targets through cutting-edge solar PV and high-capacity hybrid systems. With this investment, we&#8217;re deepening our footprint in Aragon—a fast-emerging hub for large-scale tech and data centers—by delivering customized energy solutions, as reflected in our recent PPAs (Power Purchase Agreements) with a leading US technology company.&#8221;
According to Mercom&#8217;s Q1 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/q1-2025-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, about 13.6 GW of solar projects were acquired in Q1 2025 compared to 10.8 GW in Q1 2024.
Earlier this week, Peak Energy, an Asia-based renewable energy project developer, <a href="https://cms.mercomindia.com/peak-energy-acquires-48-mw-solar-project-portfolio-in-japan/" target="_blank" rel="noopener">announced</a> the completion of the acquisition of a portfolio of ready-to-build high-voltage solar projects totaling 48 MW of capacity in Japan, located across various regions of the country, including Tokyo and Tohoku.

Nexwell Power Acquires 248 MW Solar Project Portfolio

Samsung C&amp;T Renewables, a renewable energy development and investment company and the renewable energy corporation of South Korea’s Samsung C&amp;T in the U.S., <a href="https://cms.mercomindia.com/samsung-ct-renewables-sells-solar-energy-storage-projects/" target="_blank" rel="noopener">signed</a> a contract for sale and development services for a 3 GW solar and ESS (energy storage system) project in southern Texas to Sunraycer Renewables. The portfolio sold consists of 15 projects, of which 1 GW is from six solar projects and 2 GW from 9 ESS projects.
Dimension Renewable Energy, a community solar project developer, <a href="https://cms.mercomindia.com/dimension-renewable-energy-secures-project-financing/" target="_blank" rel="noopener">secured</a> $237 million in financing for constructing a 120 MW distributed generation portfolio. Silicon Valley Bank , a division of First Citizens Bank, acted as lead debt syndicator, with NT Solar and Advantage Capital arranging the tax equity. The portfolio comprises 28 solar projects located across New York, New Jersey, Virginia, and California.
Ethical Power, a utility-scale solar and storage project developer, <a href="https://www.thriverenewables.co.uk/latest-news/news/new-deal-with-ethical-power-will-help-double-thrive-s-impact/" target="_blank" rel="noopener">secured</a> £20M (~$25M) loan facility from Thrive Renewables for the development and construction of two 25 MW battery storage and four solar projects (142 MW in total) across the UK over the next three to five years.
IGNIS, a vertically integrated renewable energy company, <a href="https://cms.mercomindia.com/ignis-secures-financing-solar-projects-spain/" target="_blank" rel="noopener">achieved</a> a financial closing amounting to €335 million (~$357.47 million) for the development of 500 MW of solar projects in Spain. The loan was led by Deutsche Bank, which also acted as sole underwriter, with the participation of Rabobank, ABN Amro and Triodos Bank. IGNIS was advised by Cuatrecasas and the financial institutions by Clifford Chance.
Nexwell Power, a UK-based company that builds and operates solar PV installations, <a href="https://cms.mercomindia.com/nexwell-power-secures-financing-for-46-mw-solar-projects/" target="_blank" rel="noopener">announced</a> the signing of a financing agreement with Coöperatieve Rabobank U.A. for a total amount of €37 million (~$39.77 million). The funding will be utilized to construct seven new plants located in Andalusia and Extremadura totaling 46 MW. The projects are expected to start delivering power in 2024.
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-matrix-renewables-secures-financing/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Samsung Sells 3 GW Solar and Energy Storage Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-samsung-sells-solar-energy-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
Samsung C&amp;T Renewables, a renewable energy development and investment company and the renewable energy corporation of South Korea’s Samsung C&amp;T in the U.S., <a href="https://mercomcapital.com/samsung-ct-renewables-sells-solar-energy-storage-projects/" target="_blank" rel="noopener">signed</a> a contract for sale and development services for a 3 GW solar and ESS (energy storage system) project in southern Texas to Sunraycer Renewables. The portfolio sold consists of 15 projects, of which 1 GW is from six solar projects and 2 GW from 9 ESS projects.
Dimension Renewable Energy, a community solar project developer, <a href="https://mercomcapital.com/dimension-renewable-energy-secures-project-financing/" target="_blank" rel="noopener">secured</a> $237 million in financing for constructing a 120 MW distributed generation portfolio. Silicon Valley Bank , a division of First Citizens Bank, acted as lead debt syndicator, with NT Solar and Advantage Capital arranging the tax equity. The portfolio comprises 28 solar projects located across New York, New Jersey, Virginia, and California.
Ethical Power, a utility-scale solar and storage project developer, <a href="https://www.thriverenewables.co.uk/latest-news/news/new-deal-with-ethical-power-will-help-double-thrive-s-impact/" target="_blank" rel="noopener">secured</a> £20M (~$25M) loan facility from Thrive Renewables for the development and construction of two 25 MW battery storage and four solar projects (142 MW in total) across the UK over the next three to five years.
IGNIS, a vertically integrated renewable energy company, <a href="https://mercomcapital.com/ignis-secures-financing-solar-projects-spain/" target="_blank" rel="noopener">achieved</a> a financial closing amounting to €335 million (~$357.47 million) for the development of 500 MW of solar projects in Spain. The loan was led by Deutsche Bank, which also acted as sole underwriter, with the participation of Rabobank, ABN Amro and Triodos Bank. IGNIS was advised by Cuatrecasas and the financial institutions by Clifford Chance.
Nexwell Power, a UK-based company that builds and operates solar PV installations, <a href="https://mercomcapital.com/nexwell-power-secures-financing-for-46-mw-solar-projects/" target="_blank" rel="noopener">announced</a> the signing of a financing agreement with Coöperatieve Rabobank U.A. for a total amount of €37 million (~$39.77 million). The funding will be utilized to construct seven new plants located in Andalusia and Extremadura totaling 46 MW. The projects are expected to start delivering power in 2024.
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-matrix-renewables-secures-financing/" target="_blank" rel="noopener">brief</a>.

<a href="https://nexwellpower.com/" target="_blank" rel="noopener">Nexwell Power</a>, a UK-based company that builds and operates solar PV installations, announced the signing of a financing agreement with Coöperatieve Rabobank U.A. for a total amount of €37 million (~$39.77 million). The funding will be utilized to construct seven new plants located in Andalusia and Extremadura totaling 46 MW. The projects are expected to start delivering power in 2024.
Out of seven solar projects, two will be located in the municipality of Carmona (13 MW of installed capacity), two in Badajoz (13 MW), one in Mérida (7 MW), one in Baños de la Encina (7 MW) and another in Palma del Condado (6 MW). The financing agreed with Rabobank includes loan facilities to cover project costs and their associated VAT, letters of credit for the purchase of equipment, and interest rate hedges.
Nexwell Power&#8217;s Chief Commercial Officer, Miguel Muñoz, stated, &#8220;The financing agreement with Rabobank represents a further endorsement from the financial sector of Nexwell Power&#8217;s growth strategy, which will allow us to continue to effectively deploy capital to grow installed photovoltaic capacity, in line with our firm commitment to decarbonizing the planet. Rabobank is strongly committed to the energy transition, and we plan to build on this strong partnership to deploy more MWs in the near future.&#8221;
&#8220;Rabobank Project Finance congratulates Nexwell Power on reaching financial close for the 46 MW projects and is pleased to contribute to Spain&#8217;s decarbonization goals. This transaction also represents a kick-off in our collaboration and relationship with Nexwell Power, a leading player in the Spanish renewable energy market,&#8221; said Marc Schmitz, Managing Director of Rabobank Project Finance Europe.
According to Mercom&#8217;s 1H and Q2 2023 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-q2-2023-solar-funding-ma-report/" target="_blank" rel="noopener">Report</a>, the announced large-scale project funding in Q2 2023 reached $9.5 billion in 51 deals, a 79% increase QoQ compared to $5.3 billion raised in 62 deals in Q1 2023.
Matrix Renewables, the TPG Rise-backed renewable energy platform, <a href="https://cms.mercomindia.com/matrix-renewables-secures-for-50-mw-solar-project/" target="_blank" rel="noopener">recently</a> secured €47 million (~$50.47 million) non-recourse financing for constructing a 50 MW solar power project in the La Rinconada municipality area in Seville province of Spain.

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