$267 million financing leverages Production Tax Credit (PTC) structure made available for solar in the Inflation Reduction Act of 2022 SAN FRANCISCO : Lightsource bp has successfully closed on a $267 million tax equity investment from Fortune 500 Wells Fargo & Company (NYSE: WFC), a leading financial services company with approximately $1.9 trillion in assets. […]
Actis backed BluPin Energy completes acquisition 404 MWp solar portfolio from Atha Group – EQ Mag
Leveraging our experience of building and operating Ostro Energy and Sprng Energy, were committed to building a renewable energy platform of scale, which will be a key driver in Indias Net Zero journey. BluPine Energy is a renewable energy platform established by Actis, targeting 4GW capacity of utility-scale solar, wind and storage projects through a […]
Hong Kong PE firm to aid Maoneng to build 1.9-GW Aussie battery, solar portfolio – EQ Mag Pro
Australian renewables designer Maoneng Group has teamed up with Hong Kong-based private equity firm Gaw Capital Partners to fast-track a 1.9-GW portfolio of mostly battery projects in Australia, it was revealed on Wednesday. Gaw Capital Partners is making a bulk financial investment in Maoneng’s Australian company with its growth equity arm, Gaw Growth Equity Fund […]
ENERPARC refinances 315MW solar portfolio – EQ Mag Pro
The German developer has finalised a €257m transaction with Commerzbank and Landesbank Baden-Württemberg ENERPARC, Commerzbank and Landesbank Baden-Württemberg have concluded a €257m transaction to refinance a 315MW photovoltaic portfolio in Germany. The finances of the transaction were provided as a syndicated loan for Enerparc Solar Service Holding 2, a company of the ENERPARC, by Commerzbank […]
Spain’s Audax Renovables welcomes IKAV Group as a partner on its 230-MWp solar portfolio – EQ Mag Pro
Spain’s Audax Renovables welcomes IKAV Group as partner on its 230-MWp solar portfolio.
Pivot Energy Announces Plans to Develop 41 Megawatt Income-Qualified Community Solar Portfolio – EQ Mag Pro
Today, national clean energy provider Pivot Energy announced its selection by Xcel Energy to develop a 41 megawatt (MW) community solar portfolio in Colorado, exclusively serving income-qualified households beneath an established income threshold. It will represent one of the largest income-qualified portfolios in the United States, and will impact thousands of households by increasing access […]
EDPR secures PPAs for a 425 MW solar portfolio in the US – EQ Mag Pro
Madrid : EDP Renováveis, S.A. (“EDPR”) has secured Power Purchase Agreements (“PPAs”) to sell the green energy produced by a 425 MWac solar portfolio in the US. The solar portfolio comprises three projects with commercial operations expected for 2024: • 175 MWac located in Mississippi County, Arkansas; • 100 MWac located in Madison County, Mississippi; […]
BlackRock Real Assets refinances 186-MW solar portfolio in Taiwan – EQ Mag Pro
BlackRock Real Assets has obtained TWD 9.4 billion (USD 327.5m/EUR 300.4m) in debt to refinance a 186-MW portfolio of solar assets in Taiwan. The refinancing deal was announced on Wednesday by law firm Linklaters, which acted as legal advisor to the lending consortium. Under the transaction, BlackRock Real Assets has secured an 18-year green loan […]
IKEA owner buys 440MW solar portfolio – EQ Mag Pro
Sites in Spain and Germany will generate equivalent of retail giant’s power consumption in each country The investment arm of IKEA owner Ingka Group has acquired nine solar PV park projects in Germany and Spain from developer ENERPARC. Ingka Investments is to pay €340m for the the 440MW solar PV development portfolio. The expected energy […]
Obton raises €400m for Italian solar portfolio – EQ Mag Pro
Danish developer secures debt for 144 PV projects totalling 116MW Danish renewables developer Obton has raised over €400m of debt for a portfolio of 144 solar PV projects in Italy. Natixis, UniCredit and fund manager Generali Global have provided the debt package to Obton’s subsidiary WT II Senior, which in turn holds solar plants totalling […]