Longroad Energy, a US-based renewable energy developer, owner and operator, announced the financial close and start of construction of its Prospero Solar project in Andrews County, Texas with a total financing package of approximately $416 million. When completed in 2020, Prospero will be one of the largest solar farms in the U.S., with a nameplate capacity 379 MWdc.
Global independent solar power producer Sonnedix Power Holdings Limited announced it has further expanded its presence in Chile through the financial close of USD 99 million (EUR 88 million) for its 171MWp Atacama Solar PV plant in the form of non-recourse project financing provided by CAF –Development Bank of Latin America, as lead arranger, administrative agent and senior lender, and by Banco BICE and Banco Security, as senior lenders.
The Asian Development Bank (ADB) announced that it has approved a $7.64 million loan to support the construction of a 100-megawatt (MW) solar power park in Cambodia, which will help the country develop renewable energy resources, diversify its energy mix, and improve the competitiveness of its economy.
The Asian Development Bank (ADB) announced that it has signed a $4 million loan with a special purpose vehicle and subsidiaries owned by the 77 Construction, Contracting, and Trading Group (77 Group), an international civil works contracting firm headquartered in Turkey, to help build a 15.1 megawatt (MW) solar power plant and promote the development of renewable energy in Afghanistan.
Solarpack Corporación Tecnológica, SA announced the signing of a share purchase agreement for the acquisition of 90.5% of the solar photovoltaic projects Tacna Solar and Panamericana Solar with Tawa Solar Fund LP and the rest of the Projects’ shareholders, for US$ 51.5 million.
Solar panels manufacturer and project developer based in Ontario, Canadian Solar Inc., announced its wholly owned subsidiary Recurrent Energy, LLC has sold its equity stake in the 134 MWp/100 MWac Mustang solar project to the Renewable Power Group of Goldman Sachs Asset Management, L.P. This transaction completes Recurrent Energy’s sale of equity stakes in the 973 MWp portfolio of California solar projects that came online in 2016. The Company expects to recognize the sales revenue from Mustang in the second quarter of 2019.
Siemens Corporate Technology (CT) US, Siemens’ central research and development (R&D) unit in the US, announced it was selected for a $6.4 million research award from the U.S. Department of Energy Solar Energy Technologies Office (SETO) to advance solar energy’s role in strengthening the resilience of the U.S. electricity grid.
U.S. based investor in renewable energy and storage assets, C2 Energy Capital, announced on May 8 that it executed 46 Power Purchase Agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states.
Foresight Group, a leading independent infrastructure and private equity investment manager headquartered in London, announced the completion of the acquisition of the 50MW solar PV plant in the municipality of Puebla de Guzman in south-west Spain, Andalusia, from Spanish EPC contractor, Solaer Group.
Panasonic Corporation announced it has reached an agreement with GS-Solar (China) Company Ltd. to collaborate in the photovoltaic business. Under the agreement, Panasonic will transfer its solar manufacturing subsidiary, Panasonic Energy Malaysia, to GS-Solar, while separating its photovoltaic research and development function in order to establish a new company with the Chinese partner. Panasonic and GS-Solar will jointly operate and invest in this new company in Japan.
UAE-based leading solar developer Yellow Door Energy announced in January that it had raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions in the Middle East and Africa. This is one of the Middle East’s largest private placements in distributed solar.
Global integrated solar power company Solarcentury announced this week that it has sold a majority stake in four large-scale solar farms in Alcalá de Guadaira in the Spanish region of Seville, amounting to a significant 200 MWp of solar power.
