SECI Seeks Trading Partner to Sell Renewable Energy

PM Surya Ghar Powers 5 Million Homes, Total Capacity Hits 15 GW

Nextpower Raises Guidance for FY 2027 on Strong Q1 Performance

Avantus Closes $1 Billion Credit Facility to Expand Project Portfolio

Tandem PV Acquires nexTC to Bring Thin-Film Coating Technology In-House

Base Power Raises $1 Billion in Series D Funding Round

TotalEnergies Acquires Shell’s 4 GW European Renewables Portfolio

CERC Rescinds Revocation of Renewable Projects’ Grid Connectivity

Month in a Minute: Top Headlines from the Indian Renewable Sector in July 2026

Solar Module Capacity Under ALMM Grows to 215.5 GW

Ørsted, a Danish renewable energy company, <a href="https://cms.mercomindia.com/orsted-secures-tax-equity-financing-for-solar-and-energy-storage-portfolio/" target="_blank" rel="noopener">secured</a> $680 million in tax equity financing from J.P. Morgan to develop solar and energy storage projects in Arizona and Texas, U.S. The portfolio consists of Eleven Mile Solar Center, a 300 MW solar with a 300 MW/1200 MWh storage project in Pinal County, Arizona, and a 250 MW Sparta Solar project in Mineral, Texas. The funding will be used to develop projects with 550 MW of solar capacity and 300 MW of energy storage with a discharge capacity of 4 hours (1,200 MWh). Commercial operations for both projects are expected to commence in 2024.
clearvise, an independent renewable energy power producer, <a href="https://cms.mercomindia.com/clearvise-acquires-solar-project-germany/" target="_blank" rel="noopener">announced</a> the acquisition of the 42 MW Wolfsgarten solar project from ALTUS. ALTUS, a German-based renewable energy project developer, planned and built the Wolfsgarten solar project. It was commissioned and put into operation at the end of April 2024. The electricity generated will be marketed via a Power Purchase Agreement.
Masdar, a UAE-based renewable energy project developer, <a href="https://cms.mercomindia.com/masdar-secures-financing-for-250-mw-solar-and-energy-storage-project-in-uzbekistan/" target="_blank" rel="noopener">secured</a> $159 million in financing for the development of a 250 MW solar project combined with a 63 MW battery energy storage system in the Alat district of the Bukhara region, Uzbekistan. The financial package, signed between the World Bank Group, Masdar, and the Government of Uzbekistan, includes a loan from the International Finance Corporation of up to $53 million. The Asian Development Bank, Dutch Entrepreneurial Development Bank, and Japan International Cooperation Agency will provide loans of up to $106 million.
The Eurasian Development Bank (EDB) and Bishkek Solar <a href="https://eabr.org/en/press/news/the-edb-signs-an-agreement-to-finance-the-construction-of-one-of-the-largest-solar-power-plants-in-t/" target="_blank" rel="noopener">signed</a> a cooperation agreement to finance the construction of a 300 MW of solar project in Toru-Aigyr village, Issyk-Kul Region, Kyrgyz Republic. The EDB is expected to formulate the terms of long-term financing for the project, including tied funding, totaling up to $210 million for 15 years. The solar project is expected to be commissioned by the end of 2025.
ONDE, a renewable energy contractor involved in the development of solar and wind projects, <a href="https://cms.mercomindia.com/onde-acquires-63-mw-solar-project-in-poland/" target="_blank" rel="noopener">announced</a> the acquisition of a 63 MW solar project located in the West Pomeranian Voivodeship in Poland. The company acquired 100% stakes in a special-purpose vehicle that owns the solar project. The project is in the advanced stage of development and is expected to reach commercial operation in mid-2027.
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-catalyze-community-solar-projects/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: Ørsted Secures Financing for Solar and Energy Storage Portfolio

<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/2024/05/amazon_polly_66652.mp3?version=1716957125">
			</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-orsted-financing-energy-portfolio/" target="_blank" rel="noopener">Mercom Capital Group</a>
Ørsted, a Danish renewable energy company, <a href="https://mercomcapital.com/orsted-secures-tax-equity-financing-for-solar-and-energy-storage-portfolio/" target="_blank" rel="noopener">secured</a> $680 million in tax equity financing from J.P. Morgan to develop solar and energy storage projects in Arizona and Texas, U.S. The portfolio consists of Eleven Mile Solar Center, a 300 MW solar with a 300 MW/1200 MWh storage project in Pinal County, Arizona, and a 250 MW Sparta Solar project in Mineral, Texas. The funding will be used to develop projects with 550 MW of solar capacity and 300 MW of energy storage with a discharge capacity of 4 hours (1,200 MWh). Commercial operations for both projects are expected to commence in 2024.
clearvise, an independent renewable energy power producer, <a href="https://mercomcapital.com/clearvise-acquires-solar-project-germany/" target="_blank" rel="noopener">announced</a> the acquisition of the 42 MW Wolfsgarten solar project from ALTUS. ALTUS, a German-based renewable energy project developer, planned and built the Wolfsgarten solar project. It was commissioned and put into operation at the end of April 2024. The electricity generated will be marketed via a Power Purchase Agreement.
Masdar, a UAE-based renewable energy project developer, <a href="https://mercomcapital.com/masdar-secures-financing-for-250-mw-solar-and-energy-storage-project-in-uzbekistan/" target="_blank" rel="noopener">secured</a> $159 million in financing for the development of a 250 MW solar project combined with a 63 MW battery energy storage system in the Alat district of the Bukhara region, Uzbekistan. The financial package, signed between the World Bank Group, Masdar, and the Government of Uzbekistan, includes a loan from the International Finance Corporation of up to $53 million. The Asian Development Bank, Dutch Entrepreneurial Development Bank, and Japan International Cooperation Agency will provide loans of up to $106 million.
The Eurasian Development Bank (EDB) and Bishkek Solar <a href="https://eabr.org/en/press/news/the-edb-signs-an-agreement-to-finance-the-construction-of-one-of-the-largest-solar-power-plants-in-t/" target="_blank" rel="noopener">signed</a> a cooperation agreement to finance the construction of a 300 MW of solar project in Toru-Aigyr village, Issyk-Kul Region, Kyrgyz Republic. The EDB is expected to formulate the terms of long-term financing for the project, including tied funding, totaling up to $210 million for 15 years. The solar project is expected to be commissioned by the end of 2025.
ONDE, a renewable energy contractor involved in the development of solar and wind projects, <a href="https://mercomcapital.com/onde-acquires-63-mw-solar-project-in-poland/" target="_blank" rel="noopener">announced</a> the acquisition of a 63 MW solar project located in the West Pomeranian Voivodeship in Poland. The company acquired 100% stakes in a special-purpose vehicle that owns the solar project. The project is in the advanced stage of development and is expected to reach commercial operation in mid-2027.
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-catalyze-community-solar-projects/" target="_blank" rel="noopener">brief</a>.

<a href="https://clearvise.de/" target="_blank" rel="noopener">clearvise</a>, an independent renewable energy power producer, announced the acquisition of a 42 MW Wolfsgarten solar project from ALTUS.
ALTUS, a German-based renewable energy project developer, planned and built the Wolfsgarten solar project. It was commissioned and put into operation at the end of April 2024. The electricity generated will be marketed via a Power Purchase Agreement (PPA).
Petra Leue-Bahns, CEO of clearvise AG, said, &#8220;A complex, large project like Wolfsgarten shows that we rightly trust in the development expertise of ALTUS. We would like to thank our long-standing partner for the good cooperation and tireless commitment. As a result, the park could be put into operation on schedule before the high-irradiation summer months.&#8221;
Marco Eggensperger, Managing Director of ALTUS renewables, added, &#8220;With the Wolfsgarten solar park, we have successfully proven that our experienced team can successfully implement larger projects even in a difficult market environment. We are pleased that we will continue to be responsible for the long-term management of the Wolfsgarten solar park after the sale and thus further expand our cooperation with clearvise.&#8221;
clearvise and ALTUS signed the purchase agreement for the Wolfsgarten solar project in 2021. With this acquisition, clearvise has expanded its operational generation portfolio of solar and wind energy projects to 316 MW, according to the company.
According to Mercom&#8217;s Q1 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/q1-2024-solar-funding-ma-report/" target="_blank" rel="noopener">Report</a>, almost 10.8 GW of solar projects were acquired in Q1 2024 compared to 11.9 GW in Q1 2023. In a QoQ comparison, 13.7 GW of solar projects were acquired in Q4 2023.
Recently, ONDE, a renewable energy contractor involved in the development of solar and wind projects, announced the <a href="https://cms.mercomindia.com/onde-acquires-63-mw-solar-project-in-poland/" target="_blank" rel="noopener">acquisition</a> of a 63 MW solar project located in the West Pomeranian Voivodeship in Poland. The company acquired 100% stakes in a special-purpose vehicle that owns the solar project.

clearvise Acquires 42 MW Wolfsgarten Solar Project in Germany

clearvise

Get the most relevant India solar and clean energy news.

RECENT POSTS