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Exus Renewables North America, a utility-scale renewable energy project developer, <a href="https://mercomcapital.com/exus-secures-over-300-million-financing-for-solar-and-wind-portfolio/" target="_blank" rel="noopener">announced</a> the closing of $308.2 million financing for a portfolio of solar and wind energy projects in the U.S. The portfolio comprises the 185 MW Zia Solar Power solar portfolio, located in New Mexico, and the 169 MW Keystone wind project portfolio in Pennsylvania.
ENGIE North America, a Texas-based electric utility, has <a href="https://mercomcapital.com/engie-acquires-over-70-mw-net-energy-metered-solar-projects/" target="_blank" rel="noopener">announced</a> the acquisition of a portfolio of 22 net energy metered solar projects, totaling over 70 MW in Pennsylvania, from Prospect14, a Pennsylvania-based solar project developer. With the acquisition of these projects, ENGIE continues to expand its renewable energy portfolio in the region.
BayWa r.e., a renewable energy project developer, announced the <a href="https://mercomcapital.com/baywa-r-e-sells-60-mw-solar-project-portfolio-in-spain/" target="_blank" rel="noopener">sale</a> of a 60 MWp solar project portfolio in Spain to KGAL Investment Management, an asset manager. The portfolio includes the 50 MWp Gerena II and 10 MWp Chamorro ground-mounted solar projects, both located in the municipality of Guillena, Seville. Both projects have reached commercial operation in the second quarter of 2025 and are expected to generate approximately 125 GWh of clean electricity annually.
Renalfa IPP, a renewable energy independent power producer, <a href="https://mercomcapital.com/renalfa-ipp-secures-over-369-million-holdco-financing-led-by-ebrd/" target="_blank" rel="noopener">closed</a> €315 million (~$369.95 million) Holdco financing from a consortium of lenders, including the European Bank for Reconstruction and Development. The funding will accelerate Renalfa IPP’s green energy transition in Central and Eastern Europe. The financing will support a €1.2 billion (~$1.4 billion) investment program for the company’s portfolio
Cambridge Power, a UK-based company specializing in the planning and development of grid-scale energy storage and renewable energy projects, <a href="https://mercomcapital.com/agr-renewables-acquires-cambridge-powers-solar-and-battery-storage-project/" target="_blank" rel="noopener">announced</a> the sale of a 70 MW solar and 100 MW Battery Energy Storage System facility located near Eaton Socon in Bedfordshire to AGR Renewables, a renewable energy project developer. The projects comprise a 70 MW solar with a 50 MW co-located battery energy storage system, and a standalone 50 MW battery storage system.
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-recurrent-energy-secures-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Exus Secures $300 Million for Solar-Wind Portfolio

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-exus-secures-solar-wind-portfolio/" target="_blank" rel="noopener">Mercom Capital Group</a>
Exus Renewables North America, a utility-scale renewable energy project developer, <a href="https://mercomcapital.com/exus-secures-over-300-million-financing-for-solar-and-wind-portfolio/" target="_blank" rel="noopener">announced</a> the closing of $308.2 million financing for a portfolio of solar and wind energy projects in the U.S. The portfolio comprises the 185 MW Zia Solar Power solar portfolio, located in New Mexico, and the 169 MW Keystone wind project portfolio in Pennsylvania.
ENGIE North America, a Texas-based electric utility, has <a href="https://mercomcapital.com/engie-acquires-over-70-mw-net-energy-metered-solar-projects/" target="_blank" rel="noopener">announced</a> the acquisition of a portfolio of 22 net energy metered solar projects, totaling over 70 MW in Pennsylvania, from Prospect14, a Pennsylvania-based solar project developer. With the acquisition of these projects, ENGIE continues to expand its renewable energy portfolio in the region.
BayWa r.e., a renewable energy project developer, announced the <a href="https://mercomcapital.com/baywa-r-e-sells-60-mw-solar-project-portfolio-in-spain/" target="_blank" rel="noopener">sale</a> of a 60 MWp solar project portfolio in Spain to KGAL Investment Management, an asset manager. The portfolio includes the 50 MWp Gerena II and 10 MWp Chamorro ground-mounted solar projects, both located in the municipality of Guillena, Seville. Both projects have reached commercial operation in the second quarter of 2025 and are expected to generate approximately 125 GWh of clean electricity annually.
Renalfa IPP, a renewable energy independent power producer, <a href="https://mercomcapital.com/renalfa-ipp-secures-over-369-million-holdco-financing-led-by-ebrd/" target="_blank" rel="noopener">closed</a> €315 million (~$369.95 million) Holdco financing from a consortium of lenders, including the European Bank for Reconstruction and Development. The funding will accelerate Renalfa IPP’s green energy transition in Central and Eastern Europe. The financing will support a €1.2 billion (~$1.4 billion) investment program for the company’s portfolio
Cambridge Power, a UK-based company specializing in the planning and development of grid-scale energy storage and renewable energy projects, <a href="https://mercomcapital.com/agr-renewables-acquires-cambridge-powers-solar-and-battery-storage-project/" target="_blank" rel="noopener">announced</a> the sale of a 70 MW solar and 100 MW Battery Energy Storage System facility located near Eaton Socon in Bedfordshire to AGR Renewables, a renewable energy project developer. The projects comprise a 70 MW solar with a 50 MW co-located battery energy storage system, and a standalone 50 MW battery storage system.
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-recurrent-energy-secures-solar-project/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.renalfa.com/" target="_blank" rel="noopener">Renalfa IPP</a>, a renewable energy independent power producer, closed €315 million (~$369.95 million) Holdco financing from a consortium of lenders, including the European Bank for Reconstruction and Development (EBRD). The funding will accelerate Renalfa IPP’s green energy transition in Central and Eastern Europe.
The financing will support a €1.2 billion (~$1.4 billion) investment program for the company&#8217;s portfolio. With this transaction, Renalfa IPP aims to bring online around 1.6 GW of generation projects and 3.3 GWh of co-located battery energy storage systems across Bulgaria, Hungary, Romania, and North Macedonia.
Once completed, the projects are estimated to produce about 2.3 TWh of clean electricity per year, while integrated battery storage systems ensure continued supply and grid stability during overcoming intermittency challenges.
The European Bank for Reconstruction and Development led the consortium, providing €100 million (~$117.44 million) on its account and an additional €100 million (~$117.44 million) from commercial participants under an A/B loan structure.
The Black Sea Trade and Development Bank, OTP Bank, Nova Ljubljanska Banka, UniCredit, and Kommunalkredit were among the other lenders in the consortium.
A&amp;O Shearman acted as the legal advisor to the lenders, while Ashurst served as the legal counsel for Renalfa IPP on the transaction.
Ivo Prokopiev, CEO of Renalfa IPP, commented, &#8220;The successful raising of growth funding is an important milestone for Renalfa IPP and for our whole group. It proves the competitiveness of our integrated model for developing, investing, and operating large hybrid assets. The early implementation of long-duration co-located BESS allows Renalfa IPP to start offering green baseload products to market in CEE for the first time. We are proud, together with our partners from RGREEN INVEST, to be at the forefront of energy transition not only in CEE, but in the whole EU.&#8221;
According to Mercom&#8217;s 1H and Q2 2025 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/1h-and-q2-2025-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, large-scale project funding increased by 65% in the first half of 2025 compared to the same period in 2024.
Earlier this month, Cero Generation, a solar and energy storage project developer and independent portfolio company of Macquarie&#8217;s Green Investment Group, along with its development partner Enso Energy, <a href="https://mercomcapital.com/cero-generation-secures-269-million-financing-for-solar-and-storage-projects/" target="_blank" rel="noopener">announced</a> the financial closing of £200 million (~$269.21 million) for a portfolio of solar and battery storage projects in the U.K.

Renalfa IPP Secures Over $369 Million Holdco Financing Led By EBRD

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