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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-rplus-acquires-solar-storage-projects/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>rPlus Energies, a U.S.-based renewable energy developer, </strong><a href="https://mercomcapital.com/rplus-energies-acquires-900-mw-of-solar-and-storage-projects/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of two solar and storage projects in Ada County, Idaho</strong>. The projects, Blacks Creek Energy Center and Bluebird Solar, together represent a combined 900 MW of solar and storage capacity. The Blacks Creek Energy Center project was acquired from Qcells, a utility-scale solar and energy storage project developer and provider of solar engineering, procurement, and construction services. The Bluebird solar project was acquired from Mission Clean Energy, a utility-scale renewable energy and storage developer.</p>
<p><strong>European Energy, a renewable energy project developer, </strong><a href="https://mercomcapital.com/european-energy-secures-44m-financing-for-hybrid-solar-storage-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €37.9 million (~$43.89 million) long-term project financing for the development of a hybrid solar and energy storage project</strong> in the municipality of Saldus, Latvia. The solar project is also co-owned by European Energy and Sampension. The project consists of a 65 MW solar and a 92 MWh battery energy storage system across approximately 96 hectares.</p>
<p><strong>Aukera, a Europe-based renewable energy developer and independent power producer, </strong><a href="https://mercomcapital.com/aukera-secures-70m-financing-250-mw-500-mwh-storage-project/" target="_blank" rel="noopener">secured</a> a €60 million (~$70 million) debt facility from Kommunalkredit Austria for the development and construction of its stand-alone battery energy storage project in Romania. The 250 MW/500 MWh battery storage project, located in Gura Ialomitei, Ialomita County, is planned for delivery in two phases. Phase 1 is currently under construction, and the whole project is expected to reach commercial operation by mid-2026.</p>
<p><strong>Octopus Australia, an energy fund manager and developer, </strong><a href="https://mercomcapital.com/octopus-australia-secures-financing-300-mw-solar-storage-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> A$900 million (~$588 million) in financial closure for its Blind Creek Solar Farm and Battery project</strong>, located in Bungendore, New South Wales, Australia. The project consists of 300 MW of solar energy, along with a 243 MW/486 MWh battery. It is backed by Octopus Australia funds, which include funding from Hostplus, Rest Super, the Clean Energy Finance Corporation, Westpac Private Bank, and infrastructure company APG.</p>
<p><strong>Enlight Renewable Energy, a renewable energy independent power producer and developer, </strong><a href="https://mercomcapital.com/enlight-secures-1-44b-debt-financing-for-snowflake-a-project/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that its U.S. subsidiary Clēnera Holdings </strong>entered into a debt financing agreement for its Snowflake A project located near Holbrook, Arizona. The Snowflake A project combines 600 MW of solar with 1,900 MWh of energy storage. The project is expected to achieve commercial operations by the second half of 2027. Once operational, it will produce enough energy to power nearly 110,000 homes in Arizona.</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-boom-power-sells-solar-projects/" target="_blank" rel="noopener">brief</a>.</p>



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					</table><p>From: <a href="https://mercomcapital.com/project-finance-brief-intersect-power-project-financing/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Intersect Power, a utility-scale solar project developer, </strong><a href="https://mercomcapital.com/intersect-power-secures-837-million-in-project-financing/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> closing two separate transactions representing an aggregate of $837 million in financing commitments</strong> for constructing and operating three standalone Battery Energy Storage Systems (BESS) in Texas. The transaction covers portfolio-level construction debt, tax equity, and term debt financing. The three energy storage systems, Lumina I, Lumina II, and Radian, will be operational in 2024. The projects are expected to be operational in 12 months and are claimed to provide 320 MWh battery storage capacity with a two-hour duration.</p>
<p><strong>Leeward Renewable Energy, a developer of solar, wind, and energy storage projects, announced the </strong><a href="https://mercomcapital.com/leeward-renewable-energy-secures-1-25-billion-in-warehouse-facility-financing/" target="_blank" rel="noopener"><strong>closing</strong></a><strong> of a $1.25 billion construction warehouse facility</strong>. The warehouse provides three years of committed capital to fund a multi-year building plan of advanced and construction-ready projects from LRE’s development pipeline. Initially, the $1.25 billion revolving facility will fund the construction of six fully contracted wind, solar, and battery storage projects, totaling nearly 1 GW of capacity.</p>
<p><strong>Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and INPEX Renewable Energy Australia, <a href="https://mercomcapital.com/enel-green-power-australia-acquires-1-gw-hybrid-project/" target="_blank" rel="noopener">announced</a> the acquisition</strong> of the Tallawang hybrid project, which comprises 500 MW of solar PV and 500 MW/1,000 MWh energy storage system. EGPA acquired the solar-plus-storage project from RES, a U.K.-based renewable energy project developer.</p>
<p><strong>rPlus Energies, a solar and energy storage project developer, </strong><a href="https://mercomcapital.com/rplus-energies-secures-over-1b-debt-financing-for-project/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> over $1 billion in construction debt financing for its Green River Energy Center</strong>, which comprises 400 MW of solar PV and 400 MW/1,600 MWh of energy storage. Crédit Agricole Corporate and Investment Bank, KeyBanc Capital Markets, MUFG Bank, Truist Securities, and Wells Fargo Securities contributed to the debt financing deal as coordinating lead arrangers. MUFG Bank is the lender’s administrative agent.</p>
<p><strong>Renewable energy company BluPine Energy has secured ₹4.36 billion ($52.85 million) in </strong><a href="https://www.mercomindia.com/blupine-secures-%E2%82%B94-36-billion-for-a-120-mw-solar-project-in-gujarat" target="_blank" rel="noopener"><strong>financing</strong></a><strong> from the State Bank of India for its 120 MW solar project</strong> in Panshina and Radhanpur in Gujarat. The electricity generated from this project will be supplied to Gujarat Urja Vikas Nigam (GUVNL) under a power purchase agreement for 25 years from the scheduled commercial operation date. The project is expected to produce around 298,000 MWh of energy annually and supply power to approximately 270,000 households.</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-emeren-group-sells-solar-project/" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Intersect Power Secures $837 Million in Project Financing

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