Staten Solar’s Post

Sienna Investment Managers Facilitates €25 Million Assetco Financing for Enfinity Global’s 134 MW Solar Portfolio in Italy: A Step Forward in Europe’s Energy Transition Sienna Investment Managers (IM), a pan-European multi-expertise asset manager, has provided a 7-year €25 million assetco financing to Enfinity Global, a renowned leader in renewable energy. This financing is designated for the construction of a 134 MW solar portfolio in the Lazio region of Italy. The portfolio comprises four large-scale solar power plants currently under construction, with commissioning set to commence progressively starting from Q2 2024. Once operational, these plants will generate 225 GWh of clean energy annually, under a 10-year solar power purchase agreement with Statkraft. This energy output is sufficient to power 85,000 Italian homes and offset 91,500 […] Read the full story here: https://lnkd.in/giU4SEhE #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #134mwsolarportfolio #enfinityglobal #europe #italy #renewableenergy #siennaim

Econergy Renewable Energy Ltd. and Rivage Investment have reached an agreement for €150 million in debt financing to advance a portfolio of renewable energy projects across Europe. As a publicly-traded independent power producer (IPP), Econergy will utilize the debt financing to facilitate the implementation of various solar, wind, and storage projects in Europe. The funds will also support ongoing development and construction activities in key markets, including Italy, Poland, the UK, and Romania. The debt financing arrangement has been formalized between Rivage Investment, an independent asset management company specializing in sustainable infrastructure financing, and Econergy International Limited UK, a subsidiary of Econergy Renewable Energy Ltd. Rivage Investment, a French asset manager managing €7.7 billion in assets, focuses on financing sustainable infrastructure and essential assets.  Click the link below for the full story and follow us for daily mandates & news. #onshorewind #solarpower #renewables

US investment giant BlackRock Inc (NYSE:BLK) has clinched a multibillion-dollar deal to acquire private equity firm Global Infrastructure Partners (GIP) in a move that will expand its infrastructure and #energy security investment in the global decarbonisation setting. BlackRock, the world’s biggest asset manager, said on Friday it will pay USD 3 billion (EUR 2.74bn) in cash and about 12 million common stock shares, worth about USD 9.5 billion at Thursday’s close. Set up in 2006, GIP manages more than USD 100 billion worth of assets in the energy, transport, water and waste and digital sectors, among others. The company's portfolio includes investments in major #renewableenergy platforms such as ACS Renewables, Latin America-focused Atlas Renewable Energy, Vena Energy, Skyborn Renewables and Eolian. Its renewables portfolio at end-2022 consisted of onshore and offshore wind, solar, hydropower and energy storage assets totalling 19 GW. Combining GIP with the BlackRock-managed infrastructure assets will create a business with more than USD 150 billion in infrastructure investments across a diversified portfolio including airport, data centre, water and waste and renewable energy assets globally. “We believe the expansion of both physical and digital infrastructure will continue to accelerate, as governments prioritize self-sufficiency and security through increased domestic industrial capacity, energy independence, and onshoring or near-shoring of critical sectors,” said Laurence Fink, BlackRock’s chairman and CEO. Once the deal closes in the third quarter of 2024, the combined infrastructure platform will be led by GIP’s management team. https://lnkd.in/dRxHev-w

UK company Novuna Business Finance has provided a £10 million funding package to support Aura Power in its plans to develop a pipeline of large-scale solar PV and energy storage projects. “Supporting businesses that can make a real difference to the UK’s net-zero goals is extremely important to Novuna Business Finance,” said Matt Andrews, Senior Relationship Manager for the Sustainability and Green Infrastructure team at Novuna Business Finance. “It has been an absolute pleasure to work alongside Aura Power to provide them with a £10 million facility to fund their project development costs, bringing each of them a step closer to the ready to build stage. “This deal is further proof of Novuna Business Finance’s commitment to supporting utility-scale solar PV and battery storage projects. It not only represents a significant step towards reducing carbon emissions and reliance on fossil fuels but also serves as a stepping stone to a future powered by clean, renewable energy.”  Aura Power carries a development pipeline of solar and BESS projects totalling 12 GW in the UK, Europe, and North America. Simon Coulson, CEO and co-Founder at Aura Power, added: “We are delighted to partner with Novuna Business Finance to secure this funding, especially as the company’s ethos aligns with our own when it comes to sustainability. “Aura has been successful in expanding its development business over the last 5 years and we now have a large number of projects progressing through the later stages of development. Late-stage assets are naturally more capital intensive, and this funding will form a critical part of ensuring these projects reach RTB in a timely manner. Ensuring we can help deliver global net-zero ambitions.” #cleanenergy

Matrix Renewables Secures Financing and Tax Credit Transfer for 260MWDC Solar Project in Ada County, Idaho, Advancing Renewable Energy Initiatives Matrix Renewables, the TPG Rise-backed global renewable energy platform, has announced the successful closure of construction to term loan financing totaling $283 million for its Pleasant Valley Solar project in Idaho. Additionally, the company has executed a production tax credit (PTC) transfer agreement. Led by MUFG as Coordinated Lead Arranger, the debt transaction includes a construction loan, term loan, and LC support, with HSBC, SMBC, National Bank of Canada, Commonwealth Bank of Australia, and Mizuho acting as Mandated Lead Arrangers. The tax credit transfer agreement involves a property/casualty insurance company as the tax credit buyer and Stonehenge Capital as the […] Read the full story here: https://lnkd.in/dxpXHv_t #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #idaho #matrixrenewables #northamerica #solarenergy

New Project Media (NPM) looks at M&A trends in 2023 and a look ahead to 2024 Industry experts predict a return capital markets activity in renewable energy in 2024 driven by an easing of interest rates, a strong bid from foreign corporates and continued increase in the energy storage space. CLICK HERE to read: https://lnkd.in/eF-vButE #2024 #ready

Duncan Hale and Jack Wasserman, CFA of Schroders discuss the opportunities for private investors to access renewable energy investments. Specifically focussing on how semi-liquid funds fit the bill. https://lnkd.in/d_8HUxqM #responsibleinvestment #investment #sustainableenergy #renewableinfrastructure

DLL and Sunstone Credit Team Up to Promote Renewable Energy Adoption in the US through Accessible Solar Financing DLL partners with Sunstone Credit, Inc., a commercial solar loan platform facilitating businesses’ transition to clean energy, to offer solar financing solutions, accelerating renewable energy adoption in the United States. Founded in 1969, DLL is a global asset finance company with a managed portfolio exceeding EUR 44B, dedicated to supporting the shift towards cleaner energy and decarbonization. DLL will provide Sunstone Credit with financing solutions for energy-producing and infrastructure assets, including solar and battery storage. This collaboration allows Sunstone Credit to leverage DLL’s global reach, exceptional customer service, and extensive product offering to introduce innovative financing solutions to the U.S. […] Read the full story here: https://lnkd.in/dxYNctE8 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #dllgroup #greenenergy #renewableenergy #solarenergy #solarfinancing #sunstonecredit

Arevon Energy, Inc. has successfully secured over $1 billion in financing commitments for its #Eland 2 Solar-plus-Storage Project in Kern County, #California. Combining a 374-megawatt solar installation with 150 MW/600 megawatt-hours of #energystorage, the project is in the early stages of construction, targeting operation by Q1 2025. The financial support includes a $431 million tax equity commitment from Wells Fargo and $654 million in debt financing, encompassing a construction-to-term loan, a tax equity bridge loan, and letter of credit facilities. This significant investment will further propel the project towards its #cleanenergy goals. #ArevonEnergy #Eland2Project #SolarEnergy #EnergyStorage #RenewableFinance #SustainableDevelopment #CaliforniaSolar #CleanEnergyInvestment #WellsFargo #RenewablePower #California Read more: https://lnkd.in/dJpUmX7U

Blackstone-backed Aypa Power secures $650mm in credit facility - Aypa Power secures a $650 million corporate credit facility to support its energy storage and renewable energy projects. - The facility includes a $350 million LC facility, a $100 million revolver, and a $200 million term loan. - The transaction was led by Apterra Infrastructure Capital LLC, Banco Santander S.A., ING Capital LLC, Nomura Securities International, Inc., Société Générale, and Sumitomo Mitsui Banking Corporation. - Aypa Power plans to use the capital to expand its project pipeline in the United States and Canada. - The company expresses gratitude for the support of its lenders and emphasizes its leading position in deploying battery storage and renewable energy systems. - Aypa Power aims to accelerate its pipeline and deliver over 3 gigawatts of energy projects in the next 24 months. - Aypa was advised by Kirkland & Ellis LLP and PEI Global Partners, while the lenders were advised by Norton Rose Fulbright US LLP. - Aypa Power is a Blackstone portfolio company focused on reducing reliance on fossil fuels and improving grid reliability through energy storage and renewable projects. https://lnkd.in/grs4uRzV