NorthRenew Energy Sells 300 MW Hybrid Projects

Atmos Renewables, a renewable energy company focused on building and operating renewable and clean energy infrastructure across Australia, acquired the 112 MWdc (90 MW ac) Karadoc solar project from BayWa r.e. in northwestern Victoria, along with an option to acquire interests in a number of their Australian wind development projects.

PAD RES, a solar and wind project developer, secured PLN240 million (~$58.59 million) to construct two solar projects totaling 117 MW in Poland. The financing agreement was signed with the Polish Development Fund (PFR). The financing secured from PFR will be used for two new PAD RES investments in the Pomeranian Voivodeship, specifically near the towns of Sztum and Mikołajki Pomorskie.

Nautilus Solar Energy, a community solar company on behalf of its affiliate subsidiary Nautilus U.S. Power Holdco (NPUH), announced the acquisition of two community solar portfolios in Maryland totaling 23 MW. The portfolios comprise six solar projects spread across the state and are expected to be operational by 2024.

U.S.-based renewable energy company Origis Energy has closed a $750 million construction warehouse facility to be used for the expansion of solar and energy storage projects with a total capacity of nearly 2 GW. The investment is anticipated to facilitate project development within a three-year timeframe. The establishment of the warehouse facility is expected to bolster the construction of diverse renewable energy projects, including solar installations, energy storage facilities, and combined solar plus storage initiatives. The projects have already secured power purchase agreements with utilities and corporations, effectively ensuring demand and off-take for the generated energy.

Greenbacker, an investment manager and independent power producer, announced that it has closed on a new warehouse financing facility with an initial aggregate principal amount of $75 million, with the potential to increase up to $250 million. Greenbacker will use the proceeds of the facility to support the construction and operation of its solar, solar-plus-storage, and standalone energy storage portfolios across the country.

Click here for reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors.

Read last week’s project finance brief.

 


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