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Energy Vault, a utility-scale energy storage project developer, <a href="https://mercomcapital.com/energy-vault-acquires-150-mw-battery-storage-project/" target="_blank" rel="noopener">announced</a> the acquisition and planned development of the SOSA Energy Center, a 150 MW/300 MWh battery energy storage system located in Madison County, Texas. The project, located in the ERCOT North market, is expected to receive notice to proceed in the fourth quarter of 2025, with commercial operation scheduled for the first quarter of 2027. Construction is expected to begin in Q4 2025.
Recurrent Energy, a solar and energy storage project developer and wholly owned subsidiary of Canadian Solar, <a href="https://mercomcapital.com/recurrent-energy-secures-825-million-for-arizona-energy-projects/" target="_blank" rel="noopener">secured</a> $825 million in construction financing and tax equity for its Desert Bloom storage and Papago Solar projects. NORD/LB, Mitsubishi UFJ Financial Group, CoBank, and Siemens Financial Services provided construction financing, and Wells Fargo provided the tax equity.
Ampliform, a Pennsylvania-based utility-scale solar and storage project developer, <a href="https://mercomcapital.com/ampliform-closes-165-million-loan-to-advance-project-pipeline/" target="_blank" rel="noopener">secured</a> a loan facility of up to $165 million with Copenhagen Infrastructure Partners, through its Green Credit Fund I. The proceeds of the financing will support the advancement of the company’s project pipeline across various U.S. regional electrical grids, with a focus on development and construction of its near-term portfolio in PJM, the grid operator serving 13 states and Washington, D.C.
Renewable energy solutions providers, Radiance Renewables and Sunsure Energy, have <a href="https://www.mercomindia.com/radiance-and-sunsure-secure-%E2%82%B96-8-billion-funding-from-niif-ifl" target="_blank" rel="noopener">received</a> cumulative funding of ₹6.8 billion (~$77.47 million) from NIIF Infrastructure Finance (NIIF IFL). Mumbai-based Radiance Renewables and Gurugram-based Sunsure Energy have received funding of ₹5.5 billion (~$62.6 million) and ₹1.3 billion (~$14.8 million), respectively, from NIIF IFL. Radiance will utilize the funding to support renewable energy projects for commercial and industrial businesses across Karnataka, Maharashtra, and Uttar Pradesh, and to retire its existing debt facilities.
European Energy, a renewable energy project developer, has <a href="https://mercomcapital.com/european-energy-sells-50-stake-in-111-mw-project/" target="_blank" rel="noopener">agreed</a> to sell a 50% stake in its 111 MW Saldus solar and battery project in Latvia to Sampension, a Danish pension fund organization. The Saldus project comprises a 65 MW solar project with a 46 MW battery energy storage system. The project construction began in July 2025 and is expected to be completed in May 2026.
METLEN Energy &amp; Metals, a global industrial and energy company, and Korean energy investment and development company HRE, <a href="https://mercomcapital.com/metlen-sells-42-mw-solar-project-portfolio-in-south-korea/" target="_blank" rel="noopener">entered</a> into an agreement under which HRE will acquire a diversified portfolio of solar projects in South Korea totaling 42 MW. The portfolio comprises five operational and under-development solar projects that, together, will produce over 60 GWh of clean electricity each year, sufficient to power more than 12,000 Korean households.
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-lightsource-bp-financing-solar-project-2/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Energy Vault Acquires 150 MW Battery Storage Project

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-energy-vault-battery-storage-project/" target="_blank" rel="noopener">Mercom Capital Group</a>
Energy Vault, a utility-scale energy storage project developer, <a href="https://mercomcapital.com/energy-vault-acquires-150-mw-battery-storage-project/" target="_blank" rel="noopener">announced</a> the acquisition and planned development of the SOSA Energy Center, a 150 MW/300 MWh battery energy storage system located in Madison County, Texas. The project, located in the ERCOT North market, is expected to receive notice to proceed in the fourth quarter of 2025, with commercial operation scheduled for the first quarter of 2027. Construction is expected to begin in Q4 2025.
Recurrent Energy, a solar and energy storage project developer and wholly owned subsidiary of Canadian Solar, <a href="https://mercomcapital.com/recurrent-energy-secures-825-million-for-arizona-energy-projects/" target="_blank" rel="noopener">secured</a> $825 million in construction financing and tax equity for its Desert Bloom storage and Papago Solar projects. NORD/LB, Mitsubishi UFJ Financial Group, CoBank, and Siemens Financial Services provided construction financing, and Wells Fargo provided the tax equity.
Ampliform, a Pennsylvania-based utility-scale solar and storage project developer, <a href="https://mercomcapital.com/ampliform-closes-165-million-loan-to-advance-project-pipeline/" target="_blank" rel="noopener">secured</a> a loan facility of up to $165 million with Copenhagen Infrastructure Partners, through its Green Credit Fund I. The proceeds of the financing will support the advancement of the company’s project pipeline across various U.S. regional electrical grids, with a focus on development and construction of its near-term portfolio in PJM, the grid operator serving 13 states and Washington, D.C.
Renewable energy solutions providers, Radiance Renewables and Sunsure Energy, have <a href="https://www.mercomindia.com/radiance-and-sunsure-secure-%E2%82%B96-8-billion-funding-from-niif-ifl" target="_blank" rel="noopener">received</a> cumulative funding of ₹6.8 billion (~$77.47 million) from NIIF Infrastructure Finance (NIIF IFL). Mumbai-based Radiance Renewables and Gurugram-based Sunsure Energy have received funding of ₹5.5 billion (~$62.6 million) and ₹1.3 billion (~$14.8 million), respectively, from NIIF IFL. Radiance will utilize the funding to support renewable energy projects for commercial and industrial businesses across Karnataka, Maharashtra, and Uttar Pradesh, and to retire its existing debt facilities.
European Energy, a renewable energy project developer, has <a href="https://mercomcapital.com/european-energy-sells-50-stake-in-111-mw-project/" target="_blank" rel="noopener">agreed</a> to sell a 50% stake in its 111 MW Saldus solar and battery project in Latvia to Sampension, a Danish pension fund organization. The Saldus project comprises a 65 MW solar project with a 46 MW battery energy storage system. The project construction began in July 2025 and is expected to be completed in May 2026.
METLEN Energy &amp; Metals, a global industrial and energy company, and Korean energy investment and development company HRE, <a href="https://mercomcapital.com/metlen-sells-42-mw-solar-project-portfolio-in-south-korea/" target="_blank" rel="noopener">entered</a> into an agreement under which HRE will acquire a diversified portfolio of solar projects in South Korea totaling 42 MW. The portfolio comprises five operational and under-development solar projects that, together, will produce over 60 GWh of clean electricity each year, sufficient to power more than 12,000 Korean households.
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-lightsource-bp-financing-solar-project-2/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.ampliform.com/" target="_blank" rel="noopener">Ampliform</a>, a Pennsylvania-based utility-scale solar and storage project developer, secured a loan facility of up to $165 million with Copenhagen Infrastructure Partners (CIP), through its Green Credit Fund I (CI GCF I).
The proceeds of the financing will support the advancement of the company’s project pipeline across various U.S. regional electrical grids, with a focus on development and construction of its near-term portfolio in PJM, the grid operator serving 13 states and Washington D.C.
“This financing marks a pivotal moment for the company,” said Carl Jackson, founder and CEO of Ampliform. “Securing this capital provides us with additional resources to significantly accelerate our growth. We look forward to partnering with CIP as our company looks to fund construction of our near-term portfolio and support key development activities for flagship projects in our robust pipeline across PJM, MISO, NYISO, and other markets.”
“We are thrilled to be partnering with the Ampliform team as they develop new energy supply to support economic growth and technological advancements,” said Reiner Boehning, CIP Partner. “CIP, together with Ampliform, is uniquely qualified and positioned to help address the rapidly increasing power demand in several parts of the country.”
The company has approximately 800 MW of near-term PJM projects for construction in 2025-2027, with an additional development pipeline of more than 5 GW, and a plan to grow that development pipeline up to 10 GW.
Ampliform is a joint venture between Prospect14, a solar development platform, and a team of infrastructure investors and operators. Long-term equity investors, including the Jones Family Office, Barings, and the George Kaiser Family Foundation, back the company.
According to Mercom’s recently released 9M and Q3 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/9m-q3-2025-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, large-scale project funding increased by 43% in the first nine months of 2025 compared with the same period in 2024.
In October 2025, Lightsource bp, a renewable energy project developer, and Pinnacle Financial Partners announced the <a href="https://cms.mercomindia.com/lightsource-bp-secures-97-9-m-tax-equity-financing-187-mw-solar-project/" target="_blank" rel="noopener">closing</a> of $97.9 million tax equity financing for the 187 MW Peacock Solar project located in San Patricio County, Texas.

Ampliform Closes $165 Million Loan to Advance Project Pipeline

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