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ContourGlobal, a renewable energy power generation and a subsidiary of KKR, announced the <a href="https://mercomcapital.com/contourglobal-acquires-1-6-gw-battery-energy-storage-projects/" target="_blank" rel="noopener">acquisition</a> of battery energy storage projects totaling 1.6 GW with up to eight hours of storage duration, located in Italy. This acquisition strategically positions ContourGlobal ahead of the upcoming Italian Storage Capacity Procurement Mechanism auctions, which are scheduled to begin in September.
ib vogt, a solar and energy storage project developer, <a href="https://mercomcapital.com/ib-vogt-sells-110-mw-pato-solar-project-in-spain/" target="_blank" rel="noopener">announced</a> the sale of the 110 MWp Pato solar project located in Segovia, Spain, to NextPower V ESG, a private solar infrastructure strategy managed by NextEnergy Capital. The Pato solar project is equipped with bifacial solar panels and tracking mounts and is expected to generate approximately 215 GWh of renewable electricity per year. It also benefits from a long-term power purchase agreement with an industrial technology innovator.
SUNOTEC, a renewable energy development and construction company, <a href="https://mercomcapital.com/sunotec-acquires-400mw-solar-600mwh-battery-storage-project/" target="_blank" rel="noopener">announced</a> the acquisition of a 100% stake in SIA DSE Lazas Solar from Danish Sun Energy, a renewable project developer, to build a 400 MWp solar project with a 600 MWh battery energy storage system. The total cost of the project, located in Cīrava Rural Territory, Lazas parish, Dienvidkurzeme Municipality, Latvia, is estimated to be up to €245 million (~$288.43 million). The first phase of the project received a ready-to-build permit in June 2025, and the construction phase is expected to begin by the end of 2025. The project is expected to be fully operational by March 2027.
Arevon Energy, a renewable energy developer, owner, and operator, <a href="https://mercomcapital.com/arevon-energy-secures-600-million-credit-financing/" target="_blank" rel="noopener">announced</a> the closing of a $600 million credit financing facility, with the option to increase it up to $850 million. The facility will support the company’s expansion of its portfolio of renewable energy projects across the U.S. The financing package consists of a $350 million revolving loan and a letter of credit facility, and a $250 million project letter of credit facility.
EDF power solutions UK, previously known as EDF Renewables, an independent power producer and services provider, <a href="https://mercomcapital.com/edf-power-solutions-acquires-500-mw-solar-project-in-the-uk/">announced</a> the acquisition of the 500 MW Gate Burton Energy Park solar project in Lincolnshire from Low Carbon, a renewable energy project developer. EDF will work through the details of the consent order and the program for delivering the project before engaging stakeholders and the community on the plans to begin construction.
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-luxcara-acquires-battery-storage-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: ContourGlobal Acquires 1.6 GW Battery Energy Storage Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-contourglobal-energy-storage-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
ContourGlobal, a renewable energy power generation and a subsidiary of KKR, announced the <a href="https://mercomcapital.com/contourglobal-acquires-1-6-gw-battery-energy-storage-projects/" target="_blank" rel="noopener">acquisition</a> of battery energy storage projects totaling 1.6 GW with up to eight hours of storage duration, located in Italy. This acquisition strategically positions ContourGlobal ahead of the upcoming Italian Storage Capacity Procurement Mechanism auctions, which are scheduled to begin in September.
ib vogt, a solar and energy storage project developer, <a href="https://mercomcapital.com/ib-vogt-sells-110-mw-pato-solar-project-in-spain/" target="_blank" rel="noopener">announced</a> the sale of the 110 MWp Pato solar project located in Segovia, Spain, to NextPower V ESG, a private solar infrastructure strategy managed by NextEnergy Capital. The Pato solar project is equipped with bifacial solar panels and tracking mounts and is expected to generate approximately 215 GWh of renewable electricity per year. It also benefits from a long-term power purchase agreement with an industrial technology innovator.
SUNOTEC, a renewable energy development and construction company, <a href="https://mercomcapital.com/sunotec-acquires-400mw-solar-600mwh-battery-storage-project/" target="_blank" rel="noopener">announced</a> the acquisition of a 100% stake in SIA DSE Lazas Solar from Danish Sun Energy, a renewable project developer, to build a 400 MWp solar project with a 600 MWh battery energy storage system. The total cost of the project, located in Cīrava Rural Territory, Lazas parish, Dienvidkurzeme Municipality, Latvia, is estimated to be up to €245 million (~$288.43 million). The first phase of the project received a ready-to-build permit in June 2025, and the construction phase is expected to begin by the end of 2025. The project is expected to be fully operational by March 2027.
Arevon Energy, a renewable energy developer, owner, and operator, <a href="https://mercomcapital.com/arevon-energy-secures-600-million-credit-financing/" target="_blank" rel="noopener">announced</a> the closing of a $600 million credit financing facility, with the option to increase it up to $850 million. The facility will support the company’s expansion of its portfolio of renewable energy projects across the U.S. The financing package consists of a $350 million revolving loan and a letter of credit facility, and a $250 million project letter of credit facility.
EDF power solutions UK, previously known as EDF Renewables, an independent power producer and services provider, <a href="https://mercomcapital.com/edf-power-solutions-acquires-500-mw-solar-project-in-the-uk/">announced</a> the acquisition of the 500 MW Gate Burton Energy Park solar project in Lincolnshire from Low Carbon, a renewable energy project developer. EDF will work through the details of the consent order and the program for delivering the project before engaging stakeholders and the community on the plans to begin construction.
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-luxcara-acquires-battery-storage-project/" target="_blank" rel="noopener">brief</a>.

<a href="https://press.sunotec-group.com/" target="_blank" rel="noopener">SUNOTEC</a>, a renewable energy development and construction company, announced the acquisition of a 100% stake in SIA DSE Lazas Solar from <a href="http://www.danishsunenergy.com/" target="_blank" rel="noopener">Danish Sun Energy</a>, a renewable project developer, to build a 400 MWp solar project with a 600 MWh battery energy storage system.
The total cost of the project, located in Cīrava Rural Territory, Lazas parish, Dienvidkurzeme Municipality, Latvia, is estimated to be up to €245 million (~$288.43 million).
The first phase of the project received a ready-to-build permit in June 2025, and the construction phase is expected to begin by the end of 2025. The project is expected to be fully operational by March 2027.
SUNOTEC will build the project, with Danish Sun Energy providing development of all the necessary permits and licenses as well as comprehensive design and engineering solutions.
The solar project will be equipped with a single-axis solar tracker system. Law firm Sorainen advised Danish Sun Energy on the transaction.
Kaloyan Velichkov, Executive Chairman of SUNOTEC, &#8220;This acquisition marks a pivotal step in expanding our strategic footprint in Northern Europe and is the continuation of SUNOTEC&#8217;s investment in co-located renewable systems that will be critical on the way to achieving the future of clean energy, energy security, flexibility, and electrification. The Lazas Solar Park combines scale, storage, and grid-ready infrastructure &#8211; exactly the kind of project that reflects SUNOTEC&#8217;s commitment to accelerating the energy transition with speed, precision, and long-term sustainable impact.&#8221;
According to Mercom&#8217;s Q1 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/q1-2025-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, about 13.6 GW of solar projects were acquired in Q1 2025 compared to 10.8 GW in Q1 2024.
In April, METLEN Energy &amp; Metals, a Greek-based industrial and energy group and a wholly owned subsidiary of Glenfarne Asset Company (Glenfarne), entered into an agreement for Glenfarne to <a href="https://cms.mercomindia.com/glenfarne-to-acquire-solar-plus-storage-project-portfolio-in-chile/" target="_blank" rel="noopener">acquire</a> a portfolio of Solar and Battery Energy Storage System assets in Chile. The acquisition is valued at $815 million, which also includes the assumption of debt and is based on certain financing assumptions and other adjustments.

SUNOTEC Acquires 400 MW Solar and 600 MWh Battery Storage Project

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