Grenergy, a solar, wind, and storage project developer, has agreed to sell its 150 MW Belinchón solar project in Spain to a European Independent Power Producer, with the net proceeds from the sale amounting to €83 million (~$90.75 million) (equity value). The deal is expected to be completed before the year-end, subject to the fulfillment of certain conditions. The sale of 100% of its Belinchón solar photovoltaic project is the first milestone of the Valkyria Project, which includes the sale of up to 1.1 GW of solar assets in Spain.

Interogo Holding, an investment unit of the IKEA Group, via its infrastructure investment fund Inter Infrastructure Capital (IIC), has agreed to acquire 49% of a 1,066 MW portfolio of operational and under-construction solar photovoltaic generation assets from BRUC Group. The transaction details were not disclosed. Santander and JP Morgan have acted as financial advisors and Linklaters as legal on BRUC’s side.

SENS, a solar as a service provider company, has agreed to sell a 135 MW solar project in Sicily to Peridot Solar, an international solar project developer. The 135 MW solar project comprises six sub-projects and is the first of seven planned open-space agri-photovoltaic systems. The entire pipeline will include around 700 MW of photovoltaic output in addition to regenerative energy generation per year.

DSD Renewables, a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy and a provider of customized solar PV energy and energy storage solutions, secured $140 million in pre-notice to proceed (NTP) credit facilities to support solar projects in late-stage development. The capital will support the continued development of DSD’s late-stage development pipeline, totaling 205 MW across California, Illinois, Maine, Massachusetts, Minnesota, New York, Vermont, and Virginia.

Vena Energy, an independent solar power producer, secured a JPY16.9 billion (~$121 million) green loan for developing the 53 MW Kasama solar project. MUFG Bank led the JPY16.9 billion (~$121 million) financing arrangement with co-financing by Joyo Bank in Japan.

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.