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JUWI, a renewable energy project developer and wholly owned subsidiary of MVV Energie, announced the <a href="https://cms.mercomindia.com/juwi-sells-267-mw-solar-portfolio-in-greece/" target="_blank" rel="noopener">sale</a> of a 267 MW solar portfolio in Greece to Foresight and Mirova, a Paris headquartered asset management company. The construction of the projects is expected to begin in August 2024. The portfolio comprises three solar projects with an individual capacity of 160 MW, 40 MW, and 67 MW.
Clearway Energy Group, a developer and operator of clean energy projects, <a href="https://cms.mercomindia.com/clearway-secures-700-million-financing-for-solar-and-storage-project/" target="_blank" rel="noopener">announced</a> that it has secured more than $700 million in construction financing for the 200 MW Luna Valley Solar Project and a 113.5 MW standalone energy storage project in San Bernardino County, which is in the final phase of the 482 MW Daggett Solar + 394 MW Storage complex. The construction of the projects has already begun, and commercial operations of both projects are scheduled for 2025.
Frontier Energy, an Australian clean energy project developer, <a href="https://cms.mercomindia.com/frontier-energy-secures-142-million-in-debt-financing/" target="_blank" rel="noopener">secured</a> A$215 million (~$142.42 million) in senior project debt financing for developing the Waroona Renewable Energy Project  with Infradebt, an Australian infrastructure fund manager. The funding will support the construction and operation of Stage One of the WERP, a solar plus storage project.
GoldenPeaks Capital, an independent renewable energy power producer, <a href="https://cms.mercomindia.com/goldenpeaks-capital-secures-financing-for-177-mw-solar-project-portfolio-in-poland/" target="_blank" rel="noopener">secured</a> €109 million (~$118.46 million) in financing across separate transactions for two large-scale solar project portfolios in Poland. Both portfolios, having a total capacity of 177 MW, are being developed by GoldenPeaks Capital. The two portfolios comprise over 100 solar projects, which are in various stages of construction and scheduled for commercial operations by Q4 2024.
Green Genius, a renewable energy project developer, entered into an <a href="https://cms.mercomindia.com/green-genius-sells-34-mw-solar-portfolio-in-lithuania/" target="_blank" rel="noopener">agreement</a> to sell a 34 MW solar project portfolio in Lithuania to Nala Renewables, a renewable energy investment and development platform. Nala Renewables additionally signed an agreement with Green Genius to acquire further 45 MW of solar projects in the near term. The acquisitions are expected to raise the total size of the portfolio in Lithuania to 79 MW.
India-based renewable energy company BluPine Energy said it has <a href="https://www.mercomindia.com/blupine-energy-secures-%E2%82%B92-39-billion-from-tata-capital" target="_blank" rel="noopener">secured</a> a funding of ₹2.39 billion (~$ 28.54 million) from Tata Capital. The funding will be utilized for a 75 MW solar power project in Chhattisgarh, India. The project is expected to generate close to 117 million units of energy per year and offset more than 107,000 tons of carbon emissions.
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-intersect-power-project-financing/" target="_blank" rel="noopener">brief</a>.

Project Finance Brief: JUWI Sells 267 MW Solar Portfolio in Greece

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					</table>From: <a href="https://mercomcapital.com/project-finance-brief-juwi-sells-solar-portfolio-greece/" target="_blank" rel="noopener">Mercom Capital Group</a>
JUWI, a renewable energy project developer and wholly owned subsidiary of MVV Energie, announced the <a href="https://mercomcapital.com/juwi-sells-267-mw-solar-portfolio-in-greece/" target="_blank" rel="noopener">sale</a> of a 267 MW solar portfolio in Greece to Foresight and Mirova, a Paris headquartered asset management company. The construction of the projects is expected to begin in August 2024. The portfolio comprises three solar projects with an individual capacity of 160 MW, 40 MW, and 67 MW.
Clearway Energy Group, a developer and operator of clean energy projects, <a href="https://mercomcapital.com/clearway-secures-700-million-financing-for-solar-and-storage-project/" target="_blank" rel="noopener">announced</a> that it has secured more than $700 million in construction financing for the 200 MW Luna Valley Solar Project and a 113.5 MW standalone energy storage project in San Bernardino County, which is in the final phase of the 482 MW Daggett Solar + 394 MW Storage complex. The construction of the projects has already begun, and commercial operations of both projects are scheduled for 2025.
Frontier Energy, an Australian clean energy project developer, <a href="https://mercomcapital.com/frontier-energy-secures-142-million-in-debt-financing/" target="_blank" rel="noopener">secured</a> A$215 million (~$142.42 million) in senior project debt financing for developing the Waroona Renewable Energy Project  with Infradebt, an Australian infrastructure fund manager. The funding will support the construction and operation of Stage One of the WERP, a solar plus storage project.
GoldenPeaks Capital, an independent renewable energy power producer, <a href="https://mercomcapital.com/goldenpeaks-capital-secures-financing-for-177-mw-solar-project-portfolio-in-poland/" target="_blank" rel="noopener">secured</a> €109 million (~$118.46 million) in financing across separate transactions for two large-scale solar project portfolios in Poland. Both portfolios, having a total capacity of 177 MW, are being developed by GoldenPeaks Capital. The two portfolios comprise over 100 solar projects, which are in various stages of construction and scheduled for commercial operations by Q4 2024.
Green Genius, a renewable energy project developer, entered into an <a href="https://mercomcapital.com/green-genius-sells-34-mw-solar-portfolio-in-lithuania/" target="_blank" rel="noopener">agreement</a> to sell a 34 MW solar project portfolio in Lithuania to Nala Renewables, a renewable energy investment and development platform. Nala Renewables additionally signed an agreement with Green Genius to acquire further 45 MW of solar projects in the near term. The acquisitions are expected to raise the total size of the portfolio in Lithuania to 79 MW.
India-based renewable energy company BluPine Energy said it has <a href="https://www.mercomindia.com/blupine-energy-secures-%E2%82%B92-39-billion-from-tata-capital" target="_blank" rel="noopener">secured</a> a funding of ₹2.39 billion (~$ 28.54 million) from Tata Capital. The funding will be utilized for a 75 MW solar power project in Chhattisgarh, India. The project is expected to generate close to 117 million units of energy per year and offset more than 107,000 tons of carbon emissions.
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-intersect-power-project-financing/" target="_blank" rel="noopener">brief</a>.

<a href="https://frontierhe.com/" target="_blank" rel="noopener">Frontier Energy</a>, an Australian clean energy project developer, secured A$215 million (~$142.42 million) in senior project debt financing for developing the Waroona Renewable Energy Project (WERP) with Infradebt, an Australian infrastructure fund manager. The funding will support the construction and operation of Stage One of the WERP, a solar plus storage project.
The WERP is located 120 km (74.5 miles) south of Perth. Stage 1 of the project includes a 120 MW solar farm coupled with an 80 MW/360 MWh battery energy storage system.
The facility&#8217;s tenure is 17 years, including the two-year construction period. A long-form facility agreement and security documentation will be executed in September 2024.
Leeuwin Capital Partners advised Frontier Energy on the transaction. The Definitive Feasibility Study of Stage One of the project conducted in February 2024 estimated the total cost at A$304 million (~$201.37 million).
CEO Adam Kiley commented: “The Company is delighted to mandate Infradebt, an Australian based infrastructure specialist, to provide debt financing of up to $215 million for the development of Stage One of our Waroona Project. The Company received multiple credit endorsed proposals as part of the debt financing process from several major financial institutions, however, the Infradebt offer was superior, with a highly attractive tenor and interest rate, whilst also providing greater flexibility compared to alternatives. Infradebt’s proposal is also for 100% of the debt financing, meaning the Company will only deal with a single party compared to a syndicate solution.”
According to Mercom&#8217;s 1H and Q2 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-q2-2024-funding-ma-report-storage-grid/" target="_blank" rel="noopener">report</a>, large-scale project funding in 1H 2024 came to $19.9 billion in 117 deals compared to $14.9 billion in 113 deals in 1H 2023.
Last week, Leeward Renewable Energy (LRE), a developer of solar, wind, and energy storage projects, announced the <a href="https://cms.mercomindia.com/leeward-renewable-energy-secures-1-25-billion-in-warehouse-facility-financing/" target="_blank" rel="noopener">closing</a> of a $1.25 billion construction warehouse facility. The warehouse provides three years of committed capital to fund a multi-year building plan of advanced and construction-ready projects from LRE&#8217;s development pipeline.

Frontier Energy Secures $142 Million in Debt Financing

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