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British Solar Renewables (BSR), an integrated solar project developer in the UK, <a href="https://cms.mercomindia.com/british-solar-renewables-secures-funding-for-124-mw-solar-and-storage-projects/" target="_blank" rel="noopener">secured</a> an undisclosed amount of funding for solar PV and battery storage projects portfolio with a total capacity of 124 MW located in the UK and Australia. The funding was provided by Commonwealth Bank of Australia and Lloyds Bank. The portfolio comprises five built or in-built co-located solar, battery energy storage, and standalone solar assets, with a combined solar generation of 132 GWh per year. The clean energy generated will power over 30,000 households.
AMEA Power, a developer, owner, and operator of renewable energy projects, <a href="https://cms.mercomindia.com/amea-power-secures-financing-120-mw-doornhoek-solar-project/" target="_blank" rel="noopener">reached</a> financial closure for its 120 MW Doornhoek Solar project in South Africa. When commissioned, the $120 million project will be the company’s first operational asset in the country. AMEA Power holds a majority stake in the solar project and has partnered with Ziyanda Energy and Dzimuzwo Energy, which are wholly owned by African women.
GoldenPeaks Capital, an independent renewable energy power producer, <a href="https://cms.mercomindia.com/goldenpeaks-capital-secures-financing-for-64-5-mw-solar-project-portfolio/" target="_blank" rel="noopener">closed</a> financing for 64.5 MW solar projects in northeast Hungary. Erste Group and Erste Bank Hungary provided the senior financing. The junior financing package was backed by a fund managed by Schelcher Prince Gestion (“SPG”), a French asset manager. Capcora served as the financial advisor to GPC on securing themezzanine financing. The portfolio comprises two solar projects and is currently under construction.
Ellomay Solar, an Israeli-based renewable energy power generator and developer in Europe and Israel, <a href="https://cms.mercomindia.com/ellomay-solar-secures-financing-for-28-mw-solar-project/" target="_blank" rel="noopener">secured</a> financing for the 28 MW Ellomay solar project in Talaván, Cáceres, Spain, from Bankinter, a Spanish financial services company for a term of 16 years. The project was connected to the grid in 2022. The financing comprises two facilities: firstly, a senior term loan for an amount of €10 million (~$10.86 million) and a revolving facility for €500,000 (~$543,393).
Atrato Onsite Energy, a renewable energy investment firm, <a href="https://cms.mercomindia.com/atrato-onsite-energy-acquires-13-mw-uk-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> the acquisition of a 13 MW solar portfolio for £9.3 million (~$11.86 million) in the UK. The portfolio comprises three fully operational solar projects with a 10-year average remaining contracted term. The projects were financed by utilizing available headroom in the revolving credit facility, which was increased to £40 million (~$51.03 million) in March 2024 by accessing £10 million (~$12.75 million) of the accordion facility.
Redeux Energy Partners, a utility-scale solar and storage project developer, <a href="https://cms.mercomindia.com/redeux-energy-sells-solar-portfolio-to-pine-gate-renewables/" target="_blank" rel="noopener">announced</a> the sale of a 450 MW solar project portfolio to Pine Gate Renewables, a solar project developer. The portfolio comprises three projects located in the Midcontinent Independent System Operator (MISO) South energy market. The acquired projects support Pine Gate’s operational portfolio and development pipeline. Redeux Energy is stated to have a project pipeline totaling approximately 7 GW solar and 7 GWh energy storage capacity spread across the ERCOT, MISO, SERC, and WECC energy markets.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s project finance <a href="https://cms.mercomindia.com/project-finance-brief-ferrovial-acquires-solar-project/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: British Solar Secures Funding for Solar and Storage Projects

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-british-solar-secures-funding-for-solar-and-storage-projects/" target="_blank" rel="noopener">Mercom Capital Group</a>
British Solar Renewables (BSR), an integrated solar project developer in the UK, <a href="https://mercomcapital.com/british-solar-renewables-secures-funding-for-124-mw-solar-and-storage-projects/" target="_blank" rel="noopener">secured</a> an undisclosed amount of funding for solar PV and battery storage projects portfolio with a total capacity of 124 MW located in the UK and Australia. The funding was provided by Commonwealth Bank of Australia and Lloyds Bank. The portfolio comprises five built or in-built co-located solar, battery energy storage, and standalone solar assets, with a combined solar generation of 132 GWh per year. The clean energy generated will power over 30,000 households.
AMEA Power, a developer, owner, and operator of renewable energy projects, <a href="https://mercomcapital.com/amea-power-secures-financing-120-mw-doornhoek-solar-project/" target="_blank" rel="noopener">reached</a> financial closure for its 120 MW Doornhoek Solar project in South Africa. When commissioned, the $120 million project will be the company’s first operational asset in the country. AMEA Power holds a majority stake in the solar project and has partnered with Ziyanda Energy and Dzimuzwo Energy, which are wholly owned by African women.
GoldenPeaks Capital, an independent renewable energy power producer, <a href="https://mercomcapital.com/goldenpeaks-capital-secures-financing-for-64-5-mw-solar-project-portfolio/" target="_blank" rel="noopener">closed</a> financing for 64.5 MW solar projects in northeast Hungary. Erste Group and Erste Bank Hungary provided the senior financing. The junior financing package was backed by a fund managed by Schelcher Prince Gestion (“SPG”), a French asset manager. Capcora served as the financial advisor to GPC on securing the mezzanine financing. The portfolio comprises two solar projects and is currently under construction.
Redeux Energy Partners, a utility-scale solar and storage project developer, <a href="https://mercomcapital.com/redeux-energy-sells-solar-portfolio-to-pine-gate-renewables/" target="_blank" rel="noopener">announced</a> the sale of a 450 MW solar project portfolio to Pine Gate Renewables, a solar project developer. The portfolio comprises three projects located in the Midcontinent Independent System Operator (MISO) South energy market. The acquired projects support Pine Gate’s operational portfolio and development pipeline. Redeux Energy is stated to have a project pipeline totaling approximately 7 GW solar and 7 GWh energy storage capacity spread across the ERCOT, MISO, SERC, and WECC energy markets.
Ellomay Solar, an Israeli-based renewable energy power generator and developer in Europe and Israel, <a href="https://mercomcapital.com/ellomay-solar-secures-financing-for-28-mw-solar-project/" target="_blank" rel="noopener">secured</a> financing for the 28 MW Ellomay solar project in Talaván, Cáceres, Spain, from Bankinter, a Spanish financial services company for a term of 16 years. The project was connected to the grid in 2022. The financing comprises two facilities: firstly, a senior term loan for an amount of €10 million (~$10.86 million) and a revolving facility for €500,000 (~$543,393).
Atrato Onsite Energy, a renewable energy investment firm, <a href="https://mercomcapital.com/atrato-onsite-energy-acquires-13-mw-uk-solar-project-portfolio/" target="_blank" rel="noopener">announced</a> the acquisition of a 13 MW solar portfolio for £9.3 million (~$11.86 million) in the UK. The portfolio comprises three fully operational solar projects with a 10-year average remaining contracted term. The projects were financed by utilizing available headroom in the revolving credit facility, which was increased to £40 million (~$51.03 million) in March 2024 by accessing £10 million (~$12.75 million) of the accordion facility.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency sectors, click <a href="https://mercomcapital.com/clean-energy-reports/">here</a>.
Read last week&#8217;s project finance <a href="https://www.mercomindia.com/project-finance-brief-ferrovial-acquires-solar-project-texas" target="_blank" rel="noopener">brief</a>.

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