Bankinter Investment and Plenium Partners have secured €530 million (~$617 million) in financing for a 130 MW solar portfolio owned by Helia Renovables IV. Helia Renovables IV was launched in 2020 by Bankinter Investment, an alternative investment arm of the Spanish financial group Bankinter, and Plenium Partners, an investment company focused on power and sustainable infrastructure in Europe.
Vesper Energy, a utility-scale solar and battery storage project developer, has reached financial close on $236 million in debt financing for its 201 MW Nazareth Solar project in Swisher County, Texas. The financing package includes a construction-to-term loan and a letter of credit facility.
Renewable energy company Avaada Group has secured $950 million in financing from a consortium of global and domestic banks for renewable energy projects in India. The financing covers the financial closure of its firm and dispatchable renewable energy (FDRE) project in Bikaner, Rajasthan.
Mumbai-headquartered renewable energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) announced that it secured nearly $575 million to expand its solar and wind projects in India. The financing will support large-scale, Central Transmission Utility-connected renewable energy projects across Rajasthan and Karnataka.
Solar solutions company Evolve Green Energies has secured a debt capital commitment of ₹1.05 billion (~$11 million) from Aseem Infrastructure Finance to fund the development of its 30 MW rooftop and group captive solar portfolio across India. Evolve will use this funding to accelerate the expansion of its distributed solar portfolio across government, industrial, and commercial client segments, focusing on high-credit offtakers and long-tenor power purchase agreements.
SolarAfrica, an independent renewable power producer, has signed 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. The companies said they will continue to develop the project toward financial close and construction.
Kyivstar Group, a subsidiary of digital operator VEON, has acquired six solar power projects totaling 105 MW in Ukraine’s Lviv region for $80.8 million. The acquisition expands Kyivstar’s renewable energy generation portfolio nearly ninefold.
Eelpower Energy, an energy storage project developer backed by Equitix, Aware Super, and the National Wealth Fund, has acquired the 50 MW/100 MWh Stoneworthy battery storage project in Great Britain from renewable energy company RES. The Stoneworthy project is located on land south of the Pyworthy substation in Devon.
For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.
Read last week’s project finance brief.
