From: Mercom Capital Group
Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, announced the acquisition of Project Hyperion, which owns 121 MW of solar power projects in North and South Carolina. Altus acquired the projects using the funds advised by Basalt Infrastructure Partners and Soltage, an owner and developer of distributed solar and storage assets.
Emeren, a solar project developer, announced the acquisition of an 86 MW utility-scale solar power project portfolio in Spain from Negratin Global Services, an industrial and service group company. The project portfolio comprises 13 utility-scale solar projects ranging from 6 MW to 14 MW. All the projects are in the ready-to-build stage and are expected to begin construction in late 2024.
European Energy, a solar project developer, announced the sale of three renewable energy projects in Germany and the UK, with a cumulative capacity of over 100 MW. The projects include Bubney Solar Farm in the UK, with a capacity of 40.4 MW, and the Bloosballich Wind Park in Germany, with a 12.6 MW capacity. The divestment also included an additional wind power project in Germany, which the company did not name and accounted for the remaining capacity.
Dominion, an electric utility company, sold the 37.83 MW Valdecarretas solar photovoltaic project in Spain to Renewables Japan Corporation, a Japan-headquarter power generation company. The Valdecarretas photovoltaic park is located in Zamora (Spain) and has been operating since its commissioning last July.
In a first-of-its-kind transaction undertaken by a public sector undertaking, SJVN, a joint venture between the Government of India and the state of Himachal Pradesh, secured ₹100 billion (~$1.2 billion) of Construction Financing Facility to fund its upcoming renewable power projects. The financing was raised by Deutsche Bank, State Bank of India, Punjab National Bank, Bank of India and, Mitsubishi and United Financial of Japan Financial Group (MUFG) Bank.
GreenYellow, a decentralized solar photovoltaic production company, announced the acquisition of three portfolios of operational solar assets from Demeter Investment Managers totaling 20 MW in France. The acquired assets include Eifficentre, a portfolio of energy efficiency projects in partnership with Eiffage, as well as the solar power plants Vanilla Solar and Lavanda Solar.
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