BrightNight, a renewable energy power producer and its joint venture partner Cordelio Power secured a $414 million construction credit facility for the development of 300 MW Box Canyon utility-scale solar project in Pinal County, Arizona. The construction of the solar project began in December 2023 and is expected to begin operations in 1H 2025. Zions Bancorporation served as the Administrative Agent and Coordinating Lead Arranger. The Joint Lead Arrangers are National Bank of Canada, Royal Bank of Canada, Sumitomo Mitsui Trust Bank, and Canadian Imperial Bank of Commerce.
WElink Group, a developer of PV Solar, Wind, BESS, and hybrid clean energy projects in Europe, secured a €20 million (~$21.57 million) borrowing base facility for a 1.6 GW pre-ready-to-build energy storage-systems portfolio in Italy. Kommunalkredit Austria, a specialized infrastructure and energy financing bank, acted as the Mandated Lead Arranger. The BESS portfolio comprises twelve projects across Italy, with four projects already acquired and the balance under development contract for near-term acquisition.
Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, announced the sale of the Deer Creek Renewable Energy project, a solar and storage project located in Tulare County, California. The project was sold to a Fortune 500 energy company. The project consists of a generating capacity of up to 50 MW of solar and 50 MW of energy storage capacity. Vesper Energy has two additional projects currently in development in Tulare County, underscoring the organization’s commitment to the area’s clean energy transition and alignment with California’s goal to establish 100% zero-carbon energy planning by 2045.
Columbus Energy, a Poland-based photovoltaics installer, entered into a preliminary agreement with Nyx Renewable Energy owned by GoldenPeaks Capital for the sale of 28.1 MW solar projects. The portfolio includes 30 Columbus Energy solar projects which are implemented by 19 subsidiaries of the Group. These projects have issued connection conditions and are ready-to-build , with a total capacity of 28.1 MW. After determining the terms of the sale, the transaction will be completed in several tranches. Financial details about the initial arrangement were undisclosed.
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