Neoen, an independent renewable energy producer that develops, finances, builds, and operates large-scale solar, wind, and battery storage projects, has secured A$1.8 billion (~$1.26 billion) in debt financing from 13 Australian and international lenders for its 1.2 GW renewable energy portfolio in Australia. The portfolio comprises five assets, including two wind farms, two battery storage projects, and a solar project across South Australia, New South Wales, and Western Australia. It includes operational projects and those under construction.
Scatec, a renewable energy solutions provider, has signed loan agreements totaling $217 million for the first phase of its Dandara solar and battery energy storage project in Egypt and is commencing construction. The first phase comprises a 569 MW solar and a 100 MWh battery energy storage system. The project will supply renewable electricity to Egypt Aluminum under a 25-year power purchase agreement backed by a sovereign guarantee.
Arevon Energy, a U.S. energy developer, owner, and operator, has secured a $120 million tax equity commitment from Wells Fargo Bank for its 124 MW Big Muddy Solar project in Jackson County, Illinois. Construction of Big Muddy Solar began in 2025, and the project is scheduled to begin commercial operations by the end of 2026
ENNA Solar, a unit of Croatian-based renewables and logistics company ENNA Group, has signed an agreement to acquire a 166 MW solar project with a 612 MWh battery energy storage system in Romania. The company signed a share purchase agreement to acquire a 100% equity stake in CIC GREEN ENERGY MEDGIDIA S.R.L., a Romanian special-purpose company that holds the rights to develop the Medgidia solar and battery storage project.
Solar and energy storage project developer Recurrent Energy, a subsidiary of Canadian Solar, has sold two standalone battery energy storage projects totaling 200 MW/800 MWh in France to energy storage owner and operator BW ESS. The acquisition marks BW ESS’ entry into the French energy market. The portfolio comprises the 100 MW/400 MWh Baixas project in the Pyrénées-Orientales department and the 100 MW/400 MWh Coquainvilliers project in Calvados.
For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.
Read last week’s project finance brief.
