US Lawmakers Urge Crackdown on Foreign-Made Blue Wafers Imports

China to Impose 2% Consumption Tax on Batteries and Solar Cells

Delhi Regulator Simplifies Net Metering Rules for Rooftop Solar Projects

Coal India Announces Winner of 750 MWh Energy Storage Consultancy Auction

Rajasthan Tenders 172 MW/688 MWh Battery Energy Storage Projects

SECI Seeks Bulk Power Buyers for Long-Term Renewable Energy Procurement

Ather Energy Approves ₹12 Billion Preferential Fundraise

Malaysia Launches 2.65 GW Solar Tender with 1.25 GW Battery Storage

Primo Chemicals to Procure Solar Power from TPCS’ 50 MW Project

Borosil’s Revenue Up 17% YoY in Q1, Advances 600 TPD Solar Glass Expansion

SMT Energy, a developer, owner, and operator of battery energy storage projects, <a href="https://cms.mercomindia.com/smt-energy-secures-funding-for-160-mw-320-mwh-energy-storage-project/" target="_blank" rel="noopener">secured</a> $135 million in project financing to develop a 160 MW/320 MWh battery energy storage project in Houston, Texas, also known as SMT Houston IV. Macquarie and KeyBanc acted as the joint lead arrangers and provided $100 million in funding. The energy storage project is expected to start commercial operation in Q2 2026 and will be connected to the ERCOT power grid once completed.
Apex Energies, an independent renewable energy power producer, <a href="https://cms.mercomindia.com/apex-energies-secures-367-million-financing-for-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> the closing of over €350 million (~$366.93 million) senior debt financing for developing a solar project portfolio in France. The financing will support the construction and development of nearly 1,100 ground-based, rooftop, and shade solar projects totaling over 400 MWp, of which 250 MWp are already at an advanced stage of development and/or under construction.
Ellomay Capital, a renewable energy project developer in Europe, the U.S., and Israel, <a href="https://cms.mercomindia.com/ellomay-capital-secures-114-million-financing-for-198-mw-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> that its wholly owned subsidiary Ellomay Holdings Luxembourg Sarl entered into a project financing agreement amounting up to €110 million (~$114.11 million) for the construction of its 198 MW solar project portfolio in Italy.
Adani Green Energy has <a href="https://www.mercomindia.com/agel-refinances-1-06-billion-loan-for-wind-solar-projects-in-rajasthan" target="_blank" rel="noopener">completed</a> a long-term refinancing of $1.06 billion (~₹92.56 billion) for developing wind-solar projects in Rajasthan. This company’s maiden construction facility entails a door-to-door tenor of 19 years with a fully amortized debt structure aligned with the cash flow lifecycle. The refinancing aims to provide benefits through deep access to diverse pools of capital to secure large sums for a long duration.
Gurugram-based Sunsure Energy has <a href="https://www.mercomindia.com/sunsure-secures-%E2%82%B91-28-billion-loan-for-49-mw-solar-open-access-project" target="_blank" rel="noopener">secured</a> ₹1.28 billion (~$14.69 million) in long-term debt financing from Tata Capital and Aditya Birla Finance for its 49 MW open-access solar project in Augasi, Uttar Pradesh. This financing will support Sunsure’s commissioned 145 MW portfolio of solar open-access projects in the state. Tata Capital and ABFL will share the loan amount equally.
RES, a U.K.-based independent renewable energy developer, <a href="https://cms.mercomindia.com/res-sells-70-mw-battery-energy-storage-project-in-sweden/" target="_blank" rel="noopener">announced</a> the completion of the sale of a fully ready-to-build 70 MW/160 MWh battery energy storage project in Ånge, Sweden. Delta Capacity, a Swiss-based utility-scale battery storage project developer, acquired the project with financial backing from Wood &amp; Company, a European investment bank and asset manager.
Click <a href="https://cms.mercomindia.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://cms.mercomindia.com/project-finance-brief-nautilus-acquires-community-solar-projects-illinois/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: SMT Energy Secures Funding for 160 MW/320 MWh BESS Project

<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/03/amazon_polly_77114.mp3?version=1741149621">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table>From: <a href="https://mercomcapital.com/project-finance-brief-smt-energy-funding-bess-project/" target="_blank" rel="noopener">Mercom Capital Group</a>
SMT Energy, a developer, owner, and operator of battery energy storage projects, <a href="https://mercomcapital.com/smt-energy-secures-funding-for-160-mw-320-mwh-energy-storage-project/" target="_blank" rel="noopener">secured</a> $135 million in project financing to develop a 160 MW/320 MWh battery energy storage project in Houston, Texas, also known as SMT Houston IV. Macquarie and KeyBanc acted as the joint lead arrangers and provided $100 million in funding. The energy storage project is expected to start commercial operation in Q2 2026 and will be connected to the ERCOT power grid once completed.
Apex Energies, an independent renewable energy power producer, <a href="https://mercomcapital.com/apex-energies-secures-367-million-financing-for-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> the closing of over €350 million (~$366.93 million) senior debt financing for developing a solar project portfolio in France. The financing will support the construction and development of nearly 1,100 ground-based, rooftop, and shade solar projects totaling over 400 MWp, of which 250 MWp are already at an advanced stage of development and/or under construction.
Ellomay Capital, a renewable energy project developer in Europe, the U.S., and Israel, <a href="https://mercomcapital.com/ellomay-capital-secures-114-million-financing-for-198-mw-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> that its wholly owned subsidiary Ellomay Holdings Luxembourg Sarl entered into a project financing agreement amounting up to €110 million (~$114.11 million) for the construction of its 198 MW solar project portfolio in Italy.
Adani Green Energy has <a href="https://www.mercomindia.com/agel-refinances-1-06-billion-loan-for-wind-solar-projects-in-rajasthan" target="_blank" rel="noopener">completed</a> a long-term refinancing of $1.06 billion (~₹92.56 billion) for developing wind-solar projects in Rajasthan. This company’s maiden construction facility entails a door-to-door tenor of 19 years with a fully amortized debt structure aligned with the cash flow lifecycle. The refinancing aims to provide benefits through deep access to diverse pools of capital to secure large sums for a long duration.
Gurugram-based Sunsure Energy has <a href="https://www.mercomindia.com/sunsure-secures-%E2%82%B91-28-billion-loan-for-49-mw-solar-open-access-project" target="_blank" rel="noopener">secured</a> ₹1.28 billion (~$14.69 million) in long-term debt financing from Tata Capital and Aditya Birla Finance for its 49 MW open-access solar project in Augasi, Uttar Pradesh. This financing will support Sunsure’s commissioned 145 MW portfolio of solar open-access projects in the state. Tata Capital and ABFL will share the loan amount equally.
RES, a U.K.-based independent renewable energy developer, <a href="https://mercomcapital.com/res-sells-70-mw-battery-energy-storage-project-in-sweden/" target="_blank" rel="noopener">announced</a> the completion of the sale of a fully ready-to-build 70 MW/160 MWh battery energy storage project in Ånge, Sweden. Delta Capacity, a Swiss-based utility-scale battery storage project developer, acquired the project with financial backing from Wood &amp; Company, a European investment bank and asset manager.
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-nautilus-acquires-community-solar-projects-illinois/" target="_blank" rel="noopener">brief</a>.

<a href="https://www.apexenergies.fr/groupe/" target="_blank" rel="noopener">Apex Energies</a>, an independent renewable energy power producer, announced the closing of over €350 million (~$366.93 million) senior debt financing for the development of solar project portfolio in France.
Caisse d&#8217;Epargne Ile de France co-arranged the financing and acted as senior mandated lead arranger, Crédit Agricole Transitions &amp; Energies acted as mandated lead arranger accompanied by its partner banks, and Crédit Agricole du Languedoc, Bpifrance, Caisse d&#8217;Epargne Midi-Pyrénées, Caisse d&#8217;Epargne Aquitaine Poitou Charentes, and Caisse d&#8217;Epargne Languedoc Roussillon as arrangers.
The financing will support the construction and development of nearly 1,100 ground-based, rooftop, and shade solar projects totaling over 400 MWp, of which 250 MWp are already at an advanced stage of development and/or under construction.
The projects under development are situated across various metropolitan regions of the country and are expected to be built by the end of 2027. The portfolio comprises all types of installations, including ground-mounted agricultural sheds and shade houses, for sale to the grid and self-consumption.
Monte-Cristo Advisory acted as the financial advisor, Energie Legal Interest served as the legal advisor, and Altus Group acted as the interest rate hedging advisor on the transaction.
&#8220;We are very pleased to continue our support for the APEX ENERGIES group, a major player in the production of renewable energy in France. This operation, the group&#8217;s largest, demonstrates Bpifrance&#8217;s ability to support large-scale energy transition projects,&#8221; Emilie VIDAL, Regional Director for Occitanie Est at Bpifrance, commented.
Last year, the company <a href="https://www.apexenergies.fr/wp-content/uploads/2025/01/CP-Apex-Energies-leve-1254-ME-de-dette-senior-additionnelle.pdf" target="_blank" rel="noopener">raised</a> more than €120 million (~$131 million) in senior debt financing to develop a solar project portfolio comprising 250 rooftop and shade projects totaling 70 MWp in France.
According to Mercom&#8217;s Annual and Q4 2024 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/annual-and-q4-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, large-scale project funding in 2024 increased 21% year-over-year.
Earlier this month, Bluefield Solar, a U.K.-based income fund specializing in acquiring and managing solar energy assets, <a href="https://mercomcapital.com/bluefield-solar-secures-380-million-refinancing-for-solar-portfolio/" target="_blank" rel="noopener">completed</a> a £300 million (~$380 million) refinancing as part of its portfolio management for 359 MW of solar projects.

Apex Energies Secures $367 Million Financing for Solar Project Portfolio

apex-energies

Get the most relevant India solar and clean energy news.

RECENT POSTS