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Voltalia, a renewable energy power producer, <a href="https://cms.mercomindia.com/voltalia-sells-solar-project-in-brazil-to-newave-energia/" target="_blank" rel="noopener">sold</a> its 420 MW solar project to Newave Energia, a partnership between Gerdau and Newave FIP in Brazil. Newave Energia will rely on Voltalia to construct and maintain electrical infrastructure. Newave Energia’s future photovoltaic power plants will avoid the emission of approximately 350 kilotons of CO2 annually. The project sold is a part of the larger Arinos cluster. The cluster has a total potential capacity of over 1.8 GW, and Voltalia will be responsible for developing the entire cluster, including this sold project.
ABO Wind, a renewable energy project developer, has <a href="https://cms.mercomindia.com/abo-wind-sells-solar-project-in-south-africa/" target="_blank" rel="noopener">sold</a> a 100 MW solar project in South Africa to an undisclosed acquirer. The project is the third photovoltaic facility within a cluster comprising a total of 300 MW. The project is located on 450 hectares of privately owned land in the North-West Province of South Africa. The other 200 MW had already been sold by ABO Wind in 2022.
OCP Group, a phosphate-based fertilizer producer, <a href="https://cms.mercomindia.com/ocp-secures-green-loan-for-400-mw-of-solar-projects/" target="_blank" rel="noopener">announced</a> that it has entered into an agreement under which IFC will provide OCP with a €100 million (~$105.54 million) green loan for the construction of two solar projects totaling 400 MW and up to 100 MWh of battery storage, making this the first large scale solar photovoltaic project with integrated storage infrastructure in Morocco – and the largest in North Africa. IFC’s green loan agreement with OCP is part of its strategy to increase climate-related investments and projects in emerging markets, decarbonize economies, and adapt to a warming planet.
OX2, a Sweden-based renewable energy company that develops, funds, and manages large-scale projects, signed an agreement to <a href="https://cms.mercomindia.com/ox2-sells-23-mw-agripv-project-in-france/" target="_blank" rel="noopener">sell</a> a 23 MW AgriPV project located in the Loiret region, France, to CVE, a France-based independent renewable energy power producer. CVE will carry out the construction of the solar project, and the commissioning is expected to be during the first quarter of 2026. The project is OX2’s first in AgriPV, where solar panels are combined with agriculture, farming, or livestock.
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-ashtrom-secures-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Voltalia Sells 420 MW Solar Project to Newave Energia

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-voltalia-solar-project-newave-energia/" target="_blank" rel="noopener">Mercom Capital Group</a>
Voltalia, a renewable energy power producer, <a href="https://mercomcapital.com/voltalia-sells-solar-project-in-brazil-to-newave-energia/" target="_blank" rel="noopener">sold</a> its 420 MW solar project to Newave Energia, a partnership between Gerdau and Newave FIP in Brazil. Newave Energia will rely on Voltalia to construct and maintain electrical infrastructure. Newave Energia’s future photovoltaic power plants will avoid the emission of approximately 350 kilotons of CO2 annually. The project sold is a part of the larger Arinos cluster. The cluster has a total potential capacity of over 1.8 GW, and Voltalia will be responsible for developing the entire cluster, including this sold project.
ABO Wind, a renewable energy project developer, has <a href="https://mercomcapital.com/abo-wind-sells-solar-project-in-south-africa/" target="_blank" rel="noopener">sold</a> a 100 MW solar project in South Africa to an undisclosed acquirer. The project is the third photovoltaic facility within a cluster comprising a total of 300 MW. The project is located on 450 hectares of privately owned land in the North-West Province of South Africa. The other 200 MW had already been sold by ABO Wind in 2022.
OCP Group, a phosphate-based fertilizer producer, <a href="https://mercomcapital.com/ocp-secures-green-loan-for-400-mw-of-solar-projects/" target="_blank" rel="noopener">announced</a> that it has entered into an agreement under which IFC will provide OCP with a €100 million (~$105.54 million) green loan for the construction of two solar projects totaling 400 MW and up to 100 MWh of battery storage, making this the first large scale solar photovoltaic project with integrated storage infrastructure in Morocco – and the largest in North Africa. IFC’s green loan agreement with OCP is part of its strategy to increase climate-related investments and projects in emerging markets, decarbonize economies, and adapt to a warming planet.
OX2, a Sweden-based renewable energy company that develops, funds, and manages large-scale projects, signed an agreement to <a href="https://mercomcapital.com/ox2-sells-23-mw-agripv-project-in-france/" target="_blank" rel="noopener">sell</a> a 23 MW AgriPV project located in the Loiret region, France, to CVE, a France-based independent renewable energy power producer. CVE will carry out the construction of the solar project, and the commissioning is expected to be during the first quarter of 2026. The project is OX2’s first in AgriPV, where solar panels are combined with agriculture, farming, or livestock.
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-edf-acquires-solar-portfolio-germany/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.ocpgroup.ma/" target="_blank" rel="noopener">OCP Group</a>, a phosphate-based fertilizer producer, announced that IFC will provide a €100 million (~$105.54 million) green loan for constructing two solar projects totaling 400 MW and up to 100 MWh of battery storage.
This announcement marks IFC&#8217;s second green loan to OCP this year. In April 2023, as part of the first phase of OCP&#8217;s 1.2 GW solar program, IFC <a href="https://www.mercomindia.com/ifc-loan-fertilizer-producer-solar-morocco" target="_blank" rel="noopener">provided</a> a €100 million (~$110.5 million) loan for four solar power plants, also in Benguerir and Khouribga, for a combined capacity of 202 MW.
&#8220;Today&#8217;s agreement is a major milestone towards our target of using 100% renewable energy in our fertilizer production by 2027&#8221;, said OCP Group Chairman and CEO Mostafa Terrab. &#8220;Our deepening collaboration with IFC reflects our alignment on the urgency of addressing the global challenges of food security and climate change simultaneously&#8221;.
OCP&#8217;s solar program is implemented by OCP Green Energy SA, a wholly-owned subsidiary of OCP, created in 2022 to develop the company&#8217;s renewable energy generation activities. It is part of OCP&#8217;s $13 billion Green Investment Program, which aims to increase its green fertilizer production and convert its operations fully to green energy by 2027.
&#8220;IFC is proud to support OCP in its journey to reduce its carbon footprint, a strategy that will have long-term positive effects not only in Morocco but also on the global food supply,&#8221; said Makhtar Diop, IFC Managing Director. &#8220;The fertilizer industry needs leading companies like OCP to embrace a sustainable path forward, and IFC is committed to supporting this important shift.&#8221;
According to Mercom&#8217;s recently released 9M and Q3 2023 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/9m-q3-2023-solar-funding-ma-report/" target="_blank" rel="noopener">Report</a>, announced large-scale project funding in the first nine months of 2023 came to $27.5 billion in 169 project funding deals, a 20% increase compared to $22.9 billion in 128 projects in 9M 2022.
Ashtrom Renewable Energy, an independent power producer and subsidiary of the Israel-based Ashtrom Group, has <a href="https://cms.mercomindia.com/ashtrom-renewable-energy-secures-financing-for-solar-project/" target="_blank" rel="noopener">secured</a> $270 million for its 400 MW Tierra Bonita Solar Project in Texas. The green financing was secured from a group of five banks, including BHI, the U.S operation of Bank Hapoalim Group, Bayerische Landesbank, ING Capital, Rabobank, and Société Générale.

OCP Secures $105 Million Green Loan for 400 MW of Solar Projects

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