From: Marcom Capital Group
Single axis solar tracking company Soltec sold 100% stake in a portfolio of 850MW solar power projects in Denmark All solar projects sold are currently in early stages of development and are located across Denmark, with the majority of the projects located in Jutland.
Elomei Capital develops renewable energy projects in Europe, the United States and Israel. announced Announced that it has entered into an agreement to sell its 9MW shares The Talmei Yosef solar power facility in Israel will be provided to Greenlight Fund Limited Partnership and Doral Group Renewable Energy Resources for consideration of NIS 44.75 million (approximately $12.2 million), divided equally. The agreement also provides for the possibility of additional payments of up to NIS 4 million (approximately $1.09 million) if the solar farm generates more than 18 million kWh in 2024.
Renewable energy developer Serentica Renewables Safe 35 billion rupees (approximately $425 million) for round-the-clock renewable energy projects. In India, the loan comes from a consortium of three international banks and three Indian lenders. The agreement will enable the company to finance the development of a 530 MW wind-solar hybrid project planned in Rajasthan and Maharashtra. The project will also provide clean energy to Hindustan Zinc, one of India’s largest zinc producers, replacing 24% of its coal-based power supply with reliable green power. .
Power infrastructure investment trust owned by IndyGrid signed Stock purchase agreement to acquire ReNew’s 300MW solar power project in Rajasthan The company’s valuation is 15.5 billion rupees (approximately $186.5 million). The company is valued at 16.5 billion rupees ($198.58 million), including net working capital and cash. The property ReNew Solar Urja located in Jaisalmer has been operational since December 2021. The project has been operating and generating revenue for the past two years, and from 2022 to 2023, the solar PV project has delivered a net plant load factor of 27.42. %.
Key Capture Energy (KCE), an energy storage project developer, and Enhanced Capital, an investment company. entered Agreement to transfer investment tax credits (ITC) has transferred KCE’s three operational standalone battery energy storage projects with a nameplate capacity of 120 MW to a third party for immediate monetization. The transaction includes the transfer of ITC from two operating projects in Texas (KCE TX 19 and KCE TX 21) totaling 100 MW and another 20 MW project in New York (KCE NY6).
Click here to view reports and trackers on financing and M&A deals in the solar power, energy storage and smart grid sectors.
Read last week’s project financial summary.