Green Genius, a renewable energy company, has secured €87 million (~$94 million) in debt financing for the construction of a 121 MW solar project in Jekabpils, Central East of Latvia. The company received funding from two banks, of which €26 million (~$28 million) was provided by Berenberg Bank, and Nord LB provided a €61 million (~$66 million) loan. The total planned investment for the project is over €100 million (~$108 million).
Technique Solaire Group, an independent producer of renewable energy, announced the acquisition of ready-to-build solar projects in the Netherlands and Spain with a total capacity of 58 MW. The deal includes the acquisition of 10 solar projects, of which two projects are located in the Netherlands while eight are in Spain. The projects in the Netherlands represent a total capacity of 26 MW with an individual capacity of 15 MW and 11 MW located in Gelderland province, in Beuningen and Druten, respectively.
Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and Inpex Corporation, secured project financing of over A$190 million (~$126 million) to develop Quorn Park Hybrid Project, which includes a 98 MW solar project and a 20 MW/40 MWh battery energy storage system. The project will be jointly financed by a combination of equity provided by EGPA’s shareholders and debt facilities from a group of two lenders comprising Westpac and Bank of China. The construction of the hybrid project will begin in the third quarter of 2024.
The International Finance Corporation will partially finance a 550 MW solar power project being developed by Brookfield Asset Management in Bikaner, Rajasthan, with a $105 million investment. The investment will be through long-term non-convertible debentures assigned to the project’s special purpose vehicles, which will implement the project.
Sun Investment Group, a solar project developer and investment management company, secured debt financing for a pipeline of mid- to late-stage solar projects with a total capacity of 1,970 MW located in Poland. The funding was entirely subscribed by an international debt fund and will support the development of the projects. The pipeline comprises 323 individual projects ranging from 1 MW to 120 MW capacity, including approximately 100 MW at the ready-to-build stage, along with 1,120 MW of mid-stage and 750 MW of early-stage projects.
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