MAHAPREIT Floats Tender for 100 MW Rooftop Solar Projects

Mexico Awards 7.4 GW Renewable Capacity in First Mixed Investment Tender

GPS Renewables Raises ₹6.35 Billion for Compressed Biogas Project Pipeline

Rosendahl Nextrom to Acquire Battery Equipment Firm TBS Engineering

Qualitas Energy Acquires 164 MW Solar Project in US

Gujarat Proposes Extending Banking Charge for Green Energy Open Access

Textile Manufacturer RMP Group Goes Solar to Cut Power Expenses

MNRE Panel Will Review ALMM Solar Cell Exemption Extension Requests

Daily News Wrap-Up: Mercom Renewables Summit Returns for Sixth Edition

SECI Floats Tender for 4.8 GWh of Peak Power Supply


					<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/2026/06/amazon_polly_96076.mp3?version=1780917567">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://qualitasenergy.com/" target="_blank" rel="noopener">Qualitas Energy</a>, an investment firm specializing in renewable energy, energy transition, and sustainable infrastructure, has acquired a development-stage solar project in Illinois, U.S., with a planned capacity of 164 MW from <a href="https://www.bechtel.com/bechtel-enterprises/" target="_blank" rel="noopener">Bechtel Enterprises</a>.</p>
<p>The transaction was carried out through Qualitas Energy Fund VI, which was launched at the end of 2025.</p>
<p>Norton Rose Fulbright advised Qualitas Energy on legal matters. Sargent &amp; Lundy served as technical adviser, and Leo Berwick advised on financial and tax matters.</p>
<p>Qualitas Energy said the project has 100% site control and has received all required permits. It also received unanimous approval during the county permitting process.</p>
<p>The company said it will use its investment, development, and asset management capabilities to advance the project through its next phases, including offtake strategy, procurement, construction planning, and financing.</p>
<p>The project, located in the Midcontinent Independent System Operator market, could include up to 64 MWac of battery storage in the future. Qualitas Energy said the storage component could support a bundled solar-plus-storage power purchase agreement and provide more commercial flexibility.</p>
<p>“This acquisition reflects Qualitas Energy’s disciplined investment approach and its ability to identify high-quality renewable energy assets with strong value creation potential. The project combines advanced development status, strong fundamentals, and multiple commercialization pathways in one of the country’s most attractive power markets. This transaction also underscores the strategic relevance of the United States for Qualitas Energy,” said Alejandro Ciruelos, partner at Qualitas Energy.</p>
<p>The company expects the project to receive notice to proceed in the second quarter of 2028 and begin commercial operations in the third quarter of 2029.</p>
<p>According to Mercom’s Q1 2026 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/q1-2026-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, approximately 18.4 GW of solar projects were acquired in the first quarter of 2026, compared to 13.6 GW in Q1 2025.</p>
<p>In May 2026, SolarAfrica, an independent renewable power producer, <a href="https://mercomcapital.com/solarafrica-acquire-315-mw-nyakallo-solar-storage-project/" target="_blank" rel="noopener">signed</a> an agreement to acquire the 315 MW Nyakallo solar and battery storage project in Limpopo, South Africa, from Norsk Renewables, a Norwegian renewable energy project developer.</p>



					<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/2026/04/amazon_polly_93411.mp3?version=1776231126">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>From: <a href="https://mercomcapital.com/project-finance-brief-origis-energy-secures-118-million/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Origis Energy, a solar project developer, </strong><a href="https://mercomcapital.com/origis-energy-secures-118-million-for-project-in-california/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $118 million in tax equity financing from RBC Community Investments</strong>, syndicator of renewable energy tax credits for the Chalan Solar + Storage project in Kern County, California. The project consists of a 65 MWac solar system along with a 25 MW/100 MWh battery energy storage system. Origis Energy is constructing the project and will own and operate it, with commercial operation expected in Q4 2026.</p>
<p><strong>Baltic Renewable Energy Platform OÜ, a joint venture set up by Mirova – an affiliate of Natixis Investment Managers and Estonia’s renewable energy project developer Evecon, </strong><a href="https://mercomcapital.com/baltic-renewable-energy-secures-46-million-bess-project/" target="_blank" rel="noopener"><strong>secured</strong></a> additional funding in the amount of approximately €40 million (~$46 million) from Swedbank. The financing will support the development and construction of a 55 MW/250 MWh battery energy storage system with a co-located 77.5 MW Kirikmäe solar project located in Estonia, which was commissioned in October 2024.</p>
<p><strong>Harmony Energy, a utility-scale energy storage project developer, has </strong><a href="https://mercomcapital.com/harmony-energy-secures-financing-for-3-gw-bess-pipeline-in-germany/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a development financing facility</strong> from Navigator Energy Debt Finance, a Triple Point-managed partnership. The funding is expected to support the development of 3 GW of battery energy storage system assets in Germany, with the three-year facility funding a portfolio of late-stage projects across both transmission and distribution-level connections to accelerate grid-scale storage capacity.</p>
<p><strong>Qualitas Energy, an investment firm specializing in renewable energy, energy transition, and sustainable infrastructure, has </strong><a href="https://mercomcapital.com/qualitas-energy-acquires-376-mw-solar-project-portfolio-in-poland/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the acquisition of a portfolio</strong> of nine operational solar photovoltaic projects in Poland. The portfolio, with a total installed capacity of 376 MWp, which generates over 400 GWh of clean energy annually, has been acquired from a joint venture between Better Energy and Industriens Pension. All assets were developed and constructed by Better Energy and reached commercial operation between 2021 and 2024.</p>
<p><strong>French-based utility firm ENGIE has </strong><a href="https://mercomcapital.com/engie-acquires-1-1-gwh-battery-storage-projects-in-spain/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> two battery energy storage system (BESS) projects in Spain with a combined capacity of 278 MW/1.1 GWh</strong>. The financial details of the acquisition were not disclosed. The acquired projects are located in Andalusia, including a 78 MW/312 MWh project in Álora and a 200 MW/800 MWh project in Tarifa. Both projects will incorporate synchronous condenser technology, enabling grid stabilization through inertia support and reactive power absorption or injection.</p>
<p><strong>Energy Vault, a provider of grid-scale energy storage solutions, </strong><a href="https://mercomcapital.com/energy-vault-acquires-850-mw-energy-storage-portfolio-in-japan/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> its formal entry into the Japanese market</strong> through a binding agreement to acquire a pipeline of Battery Energy Storage System projects from a leading domestic energy storage developer. The acquired portfolio consists of 350 MW of advanced-stage BESS projects and also includes 500 MW of early-stage BESS projects.</p>
<p><strong>Palisade Investment Partners, an independent global infrastructure and real assets manager, has </strong><a href="https://mercomcapital.com/palisade-acquire-960-mwh-summerfield-battery-storage-project/" target="_blank" rel="noopener"><strong>signed</strong></a><strong> an agreement with Copenhagen Infrastructure Partners</strong>, a global fund manager, to acquire a 100% ownership interest in the Summerfield battery energy storage system. Located approximately 50 km east of Adelaide, South Australia, the Summerfield BESS project has a capacity of 240 MW/960 MWh.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week’s project finance <a href="https://www.mercomindia.com/project-finance-brief-dimension-closes-650m-project-financing" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Origis Energy Secures $118 Million

qualitas-energy

Get the most relevant India solar and clean energy news.

RECENT POSTS