Lightsource bp, a solar project developer, closed R$800 million (~$148.7 million) financing for its 210 MW of Milagres Solar project in Brazil. Banco do Brasil provided R$423 million (~$78.6 million) debt financing through the Northeast Development Fund, managed by the Brazilian governmental agency Superintendência de Desenvolvimento do Nordeste. Construction of the complex’s transmission system began in December 2021, and construction of the five solar sites that comprise the park began this month, in Abaiara, in the state of Ceará.
Intersect Power, a U.S.-based renewable energy project developer, announced the closing of an aggregate of $2.4 billion of new financing and an additional $675 million against earlier commitments to develop four solar projects with a cumulative capacity of 1.5 GW and 1 GWh battery energy storage system (BESS). The project portfolio includes Lumina I and Lumina II in Texas, totaling 840 MW, and Oberon I and Oberon II in California, accounting for about 685 MW and 1 GWh BESS.
Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities announced definitive agreements to acquire around 97 MW of operating solar assets from undisclosed sellers for $220 million through a combination of cash and assumed liabilities. The acquisition of 88 MW of these assets is subject to closing conditions and is expected to be closed in the coming weeks.
ReneSola Power, a solar project developer, sold 70 MW of solar development projects to AB CarVal, an investment fund manager in Pennsylvania. The portfolio consists of three ground-mounted utility-scale projects in Pennsylvania in the broader PJM transmission territory. The projects are being sold at the “Notice to Proceed” stage, and AB CarVal will complete the construction and retain long-term ownership.
ReneSola Power, a fully integrated solar project developer, acquired 50 MW of Project Branston, a solar project in Lincoln, UK, from P&T Global Renewable Energy. Project Branston’s 50 MW solar project has been operational since October 12, 2020.
Hamburg-based renewable energy asset manager CEE Group and DAL Deutsche Anlagen-Leasing have signed three financing agreements for 250 MWp of European photovoltaic projects. Of the three projects, two plants are located in Spain and one in Germany. The open-space solar parks in Spain, at Castilla La Mancha and near the Spanish city of Cuenca, will each deliver an output of 50MWp. The large-scale plant in Dollen, Brandenburg, is designed for 154 MWp.