Voltalia, a renewable energy power producer, sold its 420 MW solar project to Newave Energia, a partnership between Gerdau and Newave FIP in Brazil. Newave Energia will rely on Voltalia to construct and maintain electrical infrastructure. Newave Energia’s future photovoltaic power plants will avoid the emission of approximately 350 kilotons of CO2 annually. The project sold is a part of the larger Arinos cluster. The cluster has a total potential capacity of over 1.8 GW, and Voltalia will be responsible for developing the entire cluster, including this sold project.
ABO Wind, a renewable energy project developer, has sold a 100 MW solar project in South Africa to an undisclosed acquirer. The project is the third photovoltaic facility within a cluster comprising a total of 300 MW. The project is located on 450 hectares of privately owned land in the North-West Province of South Africa. The other 200 MW had already been sold by ABO Wind in 2022.
OCP Group, a phosphate-based fertilizer producer, announced that it has entered into an agreement under which IFC will provide OCP with a €100 million (~$105.54 million) green loan for the construction of two solar projects totaling 400 MW and up to 100 MWh of battery storage, making this the first large scale solar photovoltaic project with integrated storage infrastructure in Morocco – and the largest in North Africa. IFC’s green loan agreement with OCP is part of its strategy to increase climate-related investments and projects in emerging markets, decarbonize economies, and adapt to a warming planet.
OX2, a Sweden-based renewable energy company that develops, funds, and manages large-scale projects, signed an agreement to sell a 23 MW AgriPV project located in the Loiret region, France, to CVE, a France-based independent renewable energy power producer. CVE will carry out the construction of the solar project, and the commissioning is expected to be during the first quarter of 2026. The project is OX2’s first in AgriPV, where solar panels are combined with agriculture, farming, or livestock.
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.