FINERGREEN’s Post

📣 New acquisition for the CEE Renewable Fund 8 (CEE RF8): 102.5 MWp solar PV park in San Pedro del Pinatar, Murcia. 🌞🏡 With an average of 346 hours of sunshine per month, Murcia is one of the sunniest regions in Spain and therefore ideal for solar PV projects. The solar park will supply around 47,500 households with green energy starting in the second half of 2025. "Together with the solar PV park that we acquired in January in Stüdenitz Schönermark in Brandenburg, this transaction forms a good basis for the fund and ensures attractive long-term returns for our investors," underlines  Detlef Schreiber, CEO of the CEE Group. CEE RF8 has a planned volume of 750 million euros. The energy transition fund is building a diversified portfolio across countries and technologies and offers additional return potential through the hybridization of existing #CEE Group assets. Learn more about the fund here: https://lnkd.in/eRp2xiAi Read the full press release here: https://lnkd.in/e_nKT2p2 #RenewableEnergy #PV #Solar #Spain #Fund #Infrastructure

Mirova, part of Natixis Investment Managers, has signed an agreement to acquire a portfolio of ready-to-build clean energy projects in Spain. The RTB assets comprise two solar PV parks with a total capacity of nearly 60 MWp, with a potential additional storage capacity up to 30 MW/120MWh. The construction-ready projects will be located in the municipality of Mahon in Menorca Island and have been developed by Qualitas Energy and Q-Impact. “These renewable energy assets are expected to drive impactful change and will contribute to shape a resilient, greener future in the Balearic Islands,” said Hélène Dimitracopoulos, Investment Director at Mirova. “We are thrilled by this opportunity to strengthen our presence in Spain, relying on Qualitas Energy and Q-Impact’s strong experience and anchorage in Menorca.” Mirova executed the deal on behalf of the Mirova Energy Transition 5 (MET5) fund. “The development of these projects highlights the importance of the public and private collaboration in order to guarantee the required investments to foster the energy transition,” noted Pablo Valencia, Managing Partner at Q-Impact. “Q-Impact and Qualitas Energy have been working in these projects since 2019, developing them with the utmost respect of social and environmental factors. "The scale of these projects will kickstart a real energy transition in Menorca, significantly limiting the current emissions and pollution of the Mahon thermal plant." Mirova was advised by Astris Finance, LLC (financial), CMS-ASL and Linklaters LLP (legal), Vector Renewables and Everoze (technical), WTW (insurance). Qualitas Energy was advised by PwC (financial), Gómez-Acebo & Pombo as (legal), and G-advisory (technical). Construction work on the RTB assets is slated to begin in mid-2024, with a commissioning date planned in early 2026. #cleanenergy

Coversol Solar Investments Secures €25m Financing for Major Italian Rooftop PV Portfolio Coversol Solar Investments GmbH (CSI) has successfully finalized a comprehensive financing package for its Coversol 1 portfolio, a significant aggregation of rooftop photovoltaic (PV) systems on commercial and industrial buildings across Italy, boasting a total capacity of 29 MWp. The financing arrangement includes a junior debt facility from Energy Transition International Capital (ETIC), operating under the Energy Transition Europe fund, which has contributed €6 million towards the project’s equity through a new holding company. This move is aimed at recapitalizing CSI’s equity investment in the Coversol 1 portfolio. The senior debt portion of the finance package was secured through a […] Read the full story here: https://lnkd.in/dC67CmsT #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #coversolsolarinvestments #etic #europe #italy #renewableenergy #rooftopsolar #solarfinancing

Enfinity Global Inc. has closed a $164 million (JPY 26.24 billion) financing package for a 250 MW solar PV portfolio in Japan. Enfinity finalised the Japanese solar financing deal in partnership with Macquarie Capital (Macquarie Group) and a syndicate led by Shinhan Asset Management. Enfinity's new portfolio comprises seven operating utility-scale solar projects and one project under construction, all of which have an enterprise value of over $1 billion. Once fully operational, the solar portfolio is expected to produce more than 300 GWh of clean energy per annum, enough to power 60,000 Japanese homes and offset 35,000 tons of CO2 emissions. "We are delighted to partner with Macquarie and Shinhan as we scale our platform in Japan," commented Carlos Domenech, CEO of Enfinity Global. "Japan's energy transition needs world-class companies that invest in these high-quality long-lived assets and support emerging energy needs such as those driven by data centers." "We are thrilled to partner with Enfinity Global to support the financing of this portfolio," said a spokesperson from Macquarie Capital. "Our collaboration underscores our commitment to supporting the growth of high-quality renewable energy projects in attractive markets." #cleanenergy

Energy storage and renewable developer Enfinity Global has closed a $97 million structured credit facility with Nomura for a 608 MW portfolio of solar assets currently in operation or under construction spanning the CAISO, WECC, and SERC markets within the US. The asset-based credit facility provides both development and construction financing for Enfinity’s development and ready-to-build projects, along with “strategic refinancing” for its operational fleet, a statement said. The facility contemplates a potential upsize of up to $400 million to continue driving Enfinity’s US development and construction portfolio forward. Enfinity Global has an existing US portfolio of 14.8GW of solar PV and energy storage with land and interconnection in place, plus an additional 33GW “under negotiation”. The company expects to have over 1GW of solar and storage assets operational and under construction in the US over the next 12 months. “Nomura has been a foundational financing partner to Enfinity in the US and Japan as we accelerate the expansion of our global IPP platform”, said Carlos Domenech (pictured, right), CEO of Enfinity Global. “Nomura’s model allows for flexibility in capital formation and deployment, thus creating momentum for our portfolio; we are grateful for their continued support.” Vinod Mukani (pictured, left), global head of Nomura Infrastructure & Power Business, added: “We are pleased to have another opportunity to partner with Enfinity as it continues to build on its track record of successful deployment of large-scale clean energy assets supporting the energy transition. We look forward to continuing to support Enfinity’s ambitious growth in the industry.” #energystorage #solar #renewableenergy #usa  

Recurrent Energy, part of Canadian Solar Inc., has secured a multi-currency revolving credit facility totalling up to €1.3 billion to support the construction of solar and battery energy storage projects across Spain, Italy, the United Kingdom, the Netherlands, France, and Germany. Recurrent Energy secured the financing package from ten banks. Banco Santander CIB served as the global coordinator and sole bookrunner on the deal, while ING acted as the sole issuing bank and sole sustainability coordinator. The facility also included ABN AMRO Bank N.V., BBVA, Banco Sabadell, Rabobank, HSBC, Intesa Sanpaolo, NatWest Group, and NORD/LB. “This agreement solidifies Recurrent Energy’s growth strategy and our transformation into one of the world’s leading independent renewable energy producers and developers,” stated Ismael Guerrero Arias, CEO of Recurrent Energy. “We thank all our financial partners for their support and trust in our company. Together, we are delivering clean, reliable, and affordable power to the world, today and tomorrow.” Recurrent Energy said the facility will initially support the near-term construction of close to 1 GW of solar capacity, located primarily in Spain with the remainder sited in the UK. This green facility will be available for three years with optional extensions, initially sized at €674 million but with the potential to be scaled to approximately €1.3 billion. The agreement includes financing for both full merchant and contracted projects and allows credit to be received in both euros and British pounds. Recurrent Energy currently has a global project development pipeline of 26 GWp of solar and 56 GWh of battery energy storage. Clifford Chance provided legal counsel to Recurrent Energy, while Watson Farley & Williams represented the lenders. Bondholders SL acted as the facility and security agent. #cleanenergy

candi solar, a pioneering clean energy company specialising in solar power solutions for C&I clients, announces the successful closure of its Series C funding round, securing $38 million in equity investment. The round was led by Norfund, Kyuden International Corporation, and STOA Infra & Energy. The equity capital investment of $38 million will fuel the company’s ambitious growth plans, facilitating the financing of an additional 200 MW of business solar projects and supporting strategic hiring initiatives to sustain its rapid expansion. Fabio Eucalipto, Co-founder and Director at Candi solar, expressed his enthusiasm for the company’s prospects, stating, “As the world embraces decentralized power generation, this round of growth capital propels us closer towards emerging as the premier rooftop solar player in the commercial and industrial space across all our markets. " Bjørnar Baugerud, head of the Climate Investment Fund in Norfund, said “Norfund’s investment in Candi solar is a commitment to driving sustainable development and the transition to renewable energy. Through the partnership, we look forward to supporting innovative solutions that provide renewable energy services to underserved markets while keeping high standards of business integrity, ESG, and health & safety practices." Marie-Laure Mazaud, CEO of STOA Infra & Energy, underscored the significance of their additional investment in Candi solar, emphasizing, “This additional investment in Candi solar reaffirms STOA’s commitment to the distributed energy sector. Read more: https://lnkd.in/d6P2ysQX #RenewableEnergy #Solar #Investment #SouthAfrica #Funding

MPC Capital AG has commissioned the Monte Plata II solar park in the Dominican Republic by adding 43 MW of capacity to the existing Monte Plata solar park. As a result, Monte Plata II solar park’s total operational capacity has reached 76 MW. The expansion of the solar project was funded through MPC Capital’s MPC Caribbean Clean Energy fund, with a total investment of approximately $45 million and financing from undisclosed development finance institutions. “Bringing Monte Plata II from the early development stages to operation highlights our expertise and extensive network in the Latin American market,” said Constantin S. Baack, CEO of MPC Capital. “We have built a strong track record across the entire value chain, including development, financing, as well as contracting long-term cash flows through the structuring of PPAs. We are dedicated to leverage this experience as we expand into the European energy market.” Monte Plata II is expected to generate 67 GWh of clean energy annually, reducing CO2 emissions by an estimated 45,000 tons per year. The solar project has secured a 15-year PPA with a utility off-taker. #cleanenergy

Greening Group Sells Eight Solar Parks in Southern Spain for €47.93 Million Greening Group, a vertically integrated energy company, has announced the sale of eight solar parks located in southern Spain, totaling 54.78 MW. The transaction, valued at €47.93 million, was conducted with Amperisol Renewables. This sale is part of Greening Group’s asset rotation strategy included in its business plan for 2024-2026. According to the company, the projects are either in the construction or operation phase. The solar parks will be fully transferred once they reach the operational phase, a milestone expected to be achieved by the second quarter of 2025. This operation surpasses the company’s asset rotation target for 2024, which […] Read the full story here: https://lnkd.in/dWijwCca #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #europe #greeninggroup #northamerica #renewableenergy #solarparks #spain

Shizen Energy Seeks Equity Backer for Aussie Solar Play: A Strategic Move Similar to Their Recent Deal with Stonepeak in Japan Shizen Energy Group is actively seeking an equity backer to advance its new 200 MW solar project pipeline across New South Wales and Victoria. The portfolio was previously acquired from local developer BISON ENERGY GROUP back in Dec'22. 📍 Geographical and Operational Details: - Locations: New South Wales and Victoria, Australia - Project Scope: Approximately 12 solar projects totaling 200 MW - Timeline: Indicative offers are due by the end of April, with final bids expected by mid-June and deal closure anticipated by the end of July 🎯 Strategic Objectives: - Secure an equity investor to support the development and construction stages. - Negotiate a long-term power purchase agreement with a distinguished off-taker. - Maintain a minority stake with the potential for the majority owner to acquire full ownership post-completion. 📈 Market Insights: - Shizen's current portfolio exceeds 1.3 gigawatts globally, with an ambitious target of reaching 10 gigawatts by 2030. - The initiative aligns with Shizen's strategy to expand its pipeline by bringing in equity investors who have expertise and closely follow its previous deal with Stonepeak for the sale of a majority stake in an early-stage wind pipeline in Japan. #RenewableEnergy #SolarPower #ShizenEnergy #InvestmentOpportunity #AustraliaEnergy #SustainableInvesting #CleanEnergy #EnergyTransition #PowerPurchaseAgreement #StrategicInvestment