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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-arevon-secures-posey-solar-project/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Arevon Energy, a solar and storage project developer, has </strong><a href="https://mercomcapital.com/arevon-energy-secures-352-million-financing-for-posey-solar-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $352 million in financing for the construction and development of 228 MW of the Posey Solar Project</strong> in Posey County, Indiana. The project is expected to be operational in Q1 2025 and will generate enough clean electricity to power the equivalent of more than 25,000 homes annually.</p>
<p><strong>Citicore Renewable Energy Corporation, a renewable energy developer, </strong><a href="https://mercomcapital.com/citicore-renewables-secures-financing-for-solar-projects-in-the-philippines/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> PhP9 (~$0.159) billion in financing for multiple solar projects with a total installed generating </strong>capacity of at least 600 MWdc and expandable up to nearly 1 GW. The financing deal, arranged by RCBC Capital Corporation, is expected to raise up to PhP20 billion ($354 million), starting with the signing of an initial tranche of PhP9 billion (~$159 million). The structure covers various project portfolios instead of the typical per-project financing structure.</p>
<p><strong>PNE, a Germany-based renewable energy project developer, </strong><a href="https://mercomcapital.com/pne-sells-240-mw-solar-project-in-south-africa/" target="_blank" rel="noopener"><strong>sold</strong></a><strong> a 240 MW under-construction solar power project to the South African energy company NOA Group</strong>. The Khauta Project will be constructed in the Free State province in central South Africa. The project is expected to reach the fully developed phase by mid-2024. The project is in a region with strong mining and agricultural sectors. PNE will continue to support the project through WKN Windcurrent, which belongs to the PNE Group.</p>
<p><strong>Luxcara, a clean energy infrastructure asset manager, along with Munich-based bank Bayerische Landesbank, has </strong><a href="https://mercomcapital.com/luxcara-secures-financial-close-for-315-7-mw-solar-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> financial close for solar PV portfolio</strong> projects with a total installed capacity of 315.7 MW located in Denmark. The Danish portfolio comprises three large-scale projects, one in the region of Jutland and two in Zealand. The three solar projects – Barmosen (137.3 MW), Faxe (111.6 MW), and Vildbjerg (66.7 MW) – were operationalized in late 2022 and were fully connected to the grid in 2023.</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://mercomcapital.com/project-finance-brief-ox2-sells-energy-storage-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

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