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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-grenergy-sells-solar-project-spain/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Grenergy, a solar, wind, and storage project developer, has agreed to </strong><a href="https://mercomcapital.com/grenergy-sells-solar-project-spain/" target="_blank" rel="noopener"><strong>sell</strong></a><strong> its 150 MW Belinchón solar project in Spain to a European Independent Power Producer</strong>, with the net proceeds from the sale amounting to €83 million (~$90.75 million) (equity value). The deal is expected to be completed before the year-end, subject to the fulfillment of certain conditions. The sale of 100% of its Belinchón solar photovoltaic project is the first milestone of the Valkyria Project, which includes the sale of up to 1.1 GW of solar assets in Spain.</p>
<p><strong>Interogo Holding, an investment unit of the IKEA Group, via its infrastructure investment fund Inter Infrastructure Capital (IIC), has agreed to </strong><a href="https://mercomcapital.com/interogo-holding-acquires-solar-project-portfolio/" target="_blank" rel="noopener"><strong>acquire</strong></a><strong> 49%</strong> of a 1,066 MW portfolio of operational and under-construction solar photovoltaic generation assets from BRUC Group. The transaction details were not disclosed. Santander and JP Morgan have acted as financial advisors and Linklaters as legal on BRUC’s side.</p>
<p><strong>SENS, a solar as a service provider company, has agreed to <a href="https://mercomcapital.com/sens-sells-solar-project-portfolio-peridot-solar/" target="_blank" rel="noopener">sell</a> a 135 MW solar project in Sicily to Peridot Solar, an international solar project developer</strong>. The 135 MW solar project comprises six sub-projects and is the first of seven planned open-space agri-photovoltaic systems. The entire pipeline will include around 700 MW of photovoltaic output in addition to regenerative energy generation per year.</p>
<p><strong>DSD Renewables, a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy and a provider of customized solar PV energy</strong> <strong>and energy storage solutions, </strong><a href="https://mercomcapital.com/dsd-renewables-secures-funding-us-solar-projects/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $140 million</strong> in pre-notice to proceed (NTP) credit facilities to support solar projects in late-stage development. The capital will support the continued development of DSD’s late-stage development pipeline, totaling 205 MW across California, Illinois, Maine, Massachusetts, Minnesota, New York, Vermont, and Virginia.</p>
<p><strong>Vena Energy, an independent solar power producer, </strong><a href="https://mercomcapital.com/vena-energy-secures-green-loan-kasama-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a JPY16.9 billion (~$121 million) green loan for developing the 53 MW Kasama solar project</strong>. MUFG Bank led the JPY16.9 billion (~$121 million) financing arrangement with co-financing by Joyo Bank in Japan.</p>
<p>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.</p>
<p>Read last week’s project finance <a href="https://www.mercomindia.com/project-finance-brief-ampyr-secures-project-finance-facility" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Grenergy Sells a 150 MW Solar Project in Spain

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