Octopus Australia, a renewable energy project developer and fund manager, has reached financial close on the 80 MW Fulham Solar Project and its co-located 128 MWh battery energy storage system, with a total value exceeding AUD300 million (~$180.5 million). The company announced that construction of the project is now underway. A power purchase agreement from the Victorian State Government backs the project.
Apex Clean Energy, a renewable energy project developer, entered into an agreement with Electricity Generating Public Company to sell its 49% ownership interest in the Pinnacle II project portfolio, which consists of two projects totaling 251 MW in the U.S. Apex will retain the remaining shares and manage the portfolio operations. The portfolio comprises the 125 MWac Wheatsborough solar project in Ohio and the 126 MW Downeast wind project in Maine.
JUWI Energie Rinnovabili, the Italian subsidiary of international project developer JUWI Group, announced the sale of a 50.5 MW solar project portfolio to Kelag Italia, a subsidiary of Kelag Group, an Austrian renewable energy provider. The portfolio comprises eight authorized and ready-to-build solar projects located in Northern Italy. The company did not disclose the financial details of the transaction.
Sunraycer Renewables, a developer, owner, and operator of clean energy power sites, secured a $475 million project financing facility from MUFG Bank, Nomura Securities International, and Norddeutsche Landesbank Girzonentrale for the development and construction of Gaia and Midpoint solar and battery energy storage projects in Texas. The two projects include the 143 MWac Gaia solar project with a 75 MWac battery storage system in Navarro County and the 97.5 MWac Midpoint solar project coupled with a 50 MWac battery energy storage system in Hill County.
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.
