CEE Group, a Hamburg-based renewable energy asset management firm, announced the acquisition of the 102 MW Klüden solar project in the Börde district in Saxony-Anhalt, Germany from Sunovis, a Germany-based solar project developer. The construction of the solar project already began in September 2024, with commercial operation expected in April 2025.
Gulf Renewable Energy, a subsidiary of Gulf Energy Development Public Company, announced the closing of a $820 million loan to support the construction of a portfolio of 12 renewable energy projects across Thailand. The portfolio includes eight ground-mounted solar projects totaling 393 MW and four ground-mounted solar projects with battery energy storage systems totaling 256 MW and 396 MWh of energy storage.
Spruce Power, an owner and operator of distributed residential solar systems, announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (CEV), a subsidiary of New Jersey Resources for $132.5 million. The acquired portfolio, known as Spruce Power 5 Portfolio, includes approximately 9,800 solar systems in New Jersey, which were installed under a CEV residential solar program between 2010 and 2024.
Alpiq, a Switzerland-based electricity producer, announced the acquisition of the 100 MW/200 MWh battery energy storage project located in the department of Oise, north of Paris, France from Harmony Energy, a renewable energy project developer. The project is expected to be commissioned in autumn 2026.
Yinson Renewables, an independent renewable power producer, secured a $59 million senior secured green financing for the 97 MWp Matarani solar project located near Arequipa, Peru. IDB Invest and Natixis Corporate & Investment Banking provided the funding. The project achieved full commercial operations in September 2024 and is backed by a long-term Power Purchase Agreement (PPA) with Orygen, a Peru-based renewable energy supplier and generator.
TSE, a French solar developer specializing in agrivoltaics projects, secured a bond debt funding of €65 million (~$68.5 million) from the Eiffel Investment Group Fund. The debt funding will enable TSE to develop and construct new solar projects with a combined capacity of 800 MW. Astris Finance advised TSE as financial advisor and Gibson Dunn as legal advisor. Clifford Chance advised Eiffel Investment Group as legal counsel.
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