Sonnedix, an independent power producer, has acquired a 136 MW solar project in Spain from Qualitas Energy, an investment firm focused on renewable energy, energy transition, and sustainability investments. The portfolio comprises 169 solar photovoltaic projects across the country and has been operating since 2007-2014 under the Spanish regulatory regime.
CEE Group, a German-based asset manager, has acquired an 81.9 MW solar photovoltaic portfolio comprising six solar parks in the Netherlands from solar project developer Chint Solar Europe. The portfolio comprises six individual ground-mounted solar parks, Vlowijker I, Vlowijker II, De Ekers, Dievelman, Eimersweg, and Boksveenweg. The commissioning of the acquired solar parks is planned for May to September 2023.
Norsk Solar, an independent solar power producer, has secured a green bond of $10 million to finance its 18 MW solar project in Brazil. The project, which is set to be completed in 2024, will provide clean energy to over 50,000 homes in the region. The green bond will provide over 50,000,000 BRL (~$10 million) in financing in the form of non-recourse project debt for Norsk Solar’s 18 MW solar plant in Brazil. Construction on six sites included in the project is underway.
MPower, an Australia-based renewable project developer, acquired a 5 MW shovel-ready solar project in the Aussie state of Victoria. The Faraday project will produce more than 11,500 MWh of electricity per annum and can power upwards of 1,500 homes in the region and deliver significant carbon offsets.
Fotowatio Renewable Ventures, a renewable energy company, has completed the financial close of a UK-based battery energy storage system (BESS) portfolio with a combined capacity of 133 MW/266 MWh. The two BESS projects are in Contego and Clay Tye, West Sussex and Essex, respectively. Natixis CIB carried out the transaction.
For reports and trackers on funding and M&A transactions in solar, energy storage, smart grid, and efficiency sectors, click here.
Read last week’s project finance brief.