Linea Energy’s Post

Enlight Renewable Energy Ltd (ENLT) has arranged the $550 million debt financing for project Roadrunner – consisting of 290MW of solar generation and 940MWh of energy storage capacity – located near Tuscon in the US state of Arizona. As part of the debt financing, Enlight, through its subsidiary Clēnera, has entered into the loan agreements with a consortium of four banks: BNP Paribas, Crédit Agricole CIB, Natixis Corporate & Investment Banking, and NORD/LB). The $550 million in loans are expected to convert into a $290 million term loan and $320 million of tax equity funding upon the project’s COD [commercial operation date]. The term loan is structured with an amortisation tenor of 20-25 years and is to be fully repaid five years from the project’s COD. The loans are subject to an all-in interest rate of 5.50-6.0%. Enlight expects to conclude a tax equity transaction during 2025. Paragon Energy Capital served as Clenera’s exclusive financial advisor on the transaction. Roadrunner, also known as Apache Solar II) is the second-largest project in Enlight’s history and is expected to reach full COD by the end of 2025. Construction at the 1,200-acre site has already begun, and all procurement contracts have been signed, Enlight said. Nir Yehuda, CFO of Enlight, said: “We appreciate our financial partners’ support and commitment in arranging the debt financing for project Roadrunner, which has made it possible for us to progress with its construction.” Adam Pishl, president and CEO of Clenera, added: “We are grateful to have established our business as a reliable partner for these financial institutions. We have demonstrated our ability to build projects on time and on budget, and manage operational solar and storage farms that generate consistent long-term returns.” Aashish Mohan, co-head of energy, resources & infrastructure Americas, at BNP Paribas, said: “Supporting premier platforms like Clenera squarely fits our energy transition ambitions, and we look forward to partnering with the company again as they continue to execute on their high-quality pipeline.” Daniel Feigin, head of energy & infrastructure group, North America at Crédit Agricole CIB, added: “Crédit Agricole CIB’s collaboration with Enlight and Clenera on this landmark project in Arizona is a testament to the power of partnership and innovation.” Nasir Khan, managing director & head of infrastructure & energy finance Americas at Natixis CIB, said: “Natixis CIB is committed to driving the energy transition through financing high-quality landmark projects such as Roadrunner, and we look forward to seeing it reach completion in the next year.” Sondra Martinez, managing director and head of originations at NORD/LB New York, commented: “This transaction represents our commitment to partnerships and supporting clients as they advance the energy transition.” #energystorage #finance

Via PV Mag: " Solar financing is alive and well: Funding for solar manufacturing, project development, and more continues to roll in, as evidenced by three hundred-million-plus deals struck this week. Investor interest in solar energy in the United States is thriving. While higher borrowing costs have challenged the industry’s growth in recent years, the trend is clear: solar is growing. This is evidenced by the steady flow of financing transactions in recent months. Just this week, three deals exceeding $100 million were closed. The deals included funding for manufacturing, residential solar loans, and community solar project portfolio development. Silfab Solar Solar manufacturer Silfab Solar announced it closed $100 million to scale a solar cell manufacturing plant in South Carolina. The deal included a $50 million equity investment from ARC Financial Corp and other existing co-investors. An additional $50 million was secured via a “Green Loan” led by Breakwall Capital and SR Alternative Credit. Norton Rose Fulbright LLP acted as legal counsel to Silfab. Kirkland & Ellis LLP acted as legal counsel to Breakwall Capital. Stikeman Elliott LLP acted as legal counsel to ARC Financial. RCT Solutions acted as the independent engineer for Breakwall. “Silfab’s growing US footprint and increase in domestic content means more jobs for Americans and a lower carbon footprint compared to imported panels,” said Paolo Maccario, president and chief executive officer, Silfab. EnFin by Qcells Solar panel manufacturer Qcells operates a residential solar financing platform called EnFin. The company recently completed its asset-backed securities transaction totaling $324.5 million. The transaction comprises bonds backed by thousands of consumer loans used to finance residential solar and battery storage installations. RBC Capital Markets, who led the transaction, acted as the sole structuring advisor and joint bookrunner, with Santander serving as a joint bookrunner and Societe Generale co-managing the deal. “As the only financing platform in the market backed by a major manufacturer, EnFin can offer its homeowner customers reliable, competitive financing for Qcells’ high-quality equipment,” said Alex Kaplan, president and chief executive officer of EnFin. EnFin launched in January 2023 and has since accumulated 22,000 consumer loan contracts with a principal balance of more than $1 billion. Loans under the EnFin program are made through a partnership with Hatch Bank. Pivot Energy Distributed energy developer Pivot Energy secured a $450 million debt warehouse facility, one of the largest ever for distributed solar, backed by three major investors. The investment was led by First Citizens Bank and included Atlas SP. The financing agreement also includes preferred equity investment from HASI in a new project joint venture. Together, the financing… " #EnergyStrorage #BatteryStorage #Energy

Choosing the right financing option for your solar projects is key to maximizing the investment. Learn about loans, leases, and PPAs, and ETB's ability to generate quotes from within the platform. Empower your solar decisions with the right financing and tools. 🌞💲 Read more:   #energystoragefinancing #solarfinancing #solarloans

In recent years, the construction and financing of solar power plants in Europe, the Middle East, South Asia, Latin America and Africa has been progressing rapidly. This reflects the desire of governments and businesses to reduce dependence on fossil fuels, ensure energy security and environmental sustainability over the long term. Finding low-cost sources of financing for photovoltaic projects is becoming an important challenge for the development of renewable energy sources.  In general, solar power plant project finance using various sources within the framework of individual financial models is considered more attractive for initiators of large projects compared to traditional bank loans. The benefits of project finance include long-term cooperation, low operational risk, high stability and predictability of payment flows. All this makes PF an ideal instrument for investment lending. On the one hand, photovoltaic systems and solar thermal power plants require high initial investments. On the other hand, there are virtually no replacement and maintenance costs during the operational phase, which allows for more efficient debt service. Long-term power supply contracts and active government support in many countries make it easier to plan future cash flows. ALTAS INVESTMENT FINANCE LIMITED (AIFL) can help you find funds for solar projects on favorable terms. Our company ALTAS INVESTMENT FINANCE LIMITED offers a wide range of services in the field of engineering design, construction, operation and financing of solar projects. Our solar power plant project finance services are not limited to financial modeling and professional advice. We are ready to find interested partners for your project in Europe and beyond, using our extensive business contacts in many countries around the world. After defining the project profile and the number of participants, as well as their tasks and obligations, our financial experts will offer you the optimal project finance structure for a solar power plant. Read More: https://lnkd.in/dvi69Q7J Contact us for a free consultation at any time. WEBSITE: altas-ifl.com EMAIL: funding@altas-ifl.com #financing #Solarpowerplant #interestrate #financialinstitutions #photovoltaicprojects #SpecialPurposeVehicle #solarenergy #powerplant #renewableenergy #Bankloans #leasing #businessloan #mezzaninecapital #DEBT

esVolta, LP secures $258 million in credit facilities for ERCOT storage portfolio - esVolta, LP announced the completion of $258 million in senior secured credit facilities for a 980 MWh battery energy storage portfolio. - The credit facilities include construction and tax equity bridge financing, letters of credit, and a long-term loan to finance three energy storage projects in Texas: Anole, Desert Willow, and Burksol. - The projects will provide fast-responding energy and ancillary services to the ERCOT market, enhancing the regional electric grid. - MUFG Bank acted as the Coordinating Lead Arranger and Green Loan Coordinator, with support from Nomura Securities, KeyBanc Capital Markets, Investec, and Cadence Bank. - esVolta's CEO and Founder, Randolph Mann, stated that this financing will aid in the company's growth and support the build-out of large-scale energy storage assets. - MUFG's Director, Alberto Mihelcic Bazzana, expressed commitment to providing innovative financing solutions in the clean energy sector. - esVolta, founded in 2017, is a leading developer and operator of utility-scale energy storage projects in North America, with a portfolio totaling 1.5 gigawatt hours of storage capacity. - The company is a portfolio member of Generate Capital, PBC, which focuses on sustainable infrastructure. https://lnkd.in/g7n2wMPG

US developer Invenergy has closed a debt financing facility in excess of $1bn for three solar projects in Ohio, Indiana and Tennessee.

Solar companies raised $12.2 billion across 50 debt financing deals in the first six months of 2024. Solar IPOs have recorded the biggest decline, with public market financing raising just $1.7 billion across eight deals in the first half of 2024. The renewable energy sector tends to be highly sensitive to interest rates because clean energy developers usually borrow lots of capital upfront to build projects.

European Investment Bank Signs €150 Million Loan for Spain’s Pino Project to Boost Small-Scale Solar and Wind Energy Initiatives The European Investment Bank (EIB) entered into a €150 million loan agreement with Beka Credit, the private debt fund management platform of Beka Finance, a Spanish financial services entity. The loan will support the Pino Project, aimed at financing small solar PV and onshore wind projects across Spain. The Pino Project involves a preferential framework loan to a specially created vehicle, Proyecto Pino, which is designed to provide tailored loans to renewable energy projects with individual investments up to €50 million, although most projects are expected to cost less than €10 million. The initiative is expected to support around 65-70 […] Read the full story here: https://lnkd.in/d4pcY6zt #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #batterystorage #eib #europe #loan #renewableenergy #solarenergy

🌟 Texas is known for big things - which is translating to big news in renewable energy! 🌟 Trinasolar has just secured a $235 million loan to expand its operations in the U.S. with a new factory in Wilmer, Texas. This move is set to significantly boost domestic solar manufacturing and create new jobs in the industry. Key highlights: ⭐ $235M Loan Secured: Trina Solar's investment will go toward building a state-of-the-art factory in Wilmer, Texas. ⭐ Boost to U.S. Manufacturing: This expansion will increase the production of high-efficiency solar modules in the U.S. ⭐ 1,500 Jobs Pledged: The new facility is expected to create hundreds of jobs, supporting local communities and the growing solar industry. This investment underscores the increasing importance of domestic solar manufacturing as the U.S. continues its transition to clean energy. #SolarEnergy #TrinaSolar #CleanEnergy #USManufacturing #RenewableEnergy Read the full story - https://lnkd.in/gbmEuBnk

$25.8 Million Royal Bank of Canada Project Finance Facility Secured by SolarBank - Funding will be used to develop and construct two battery energy storage projects acquired as part of the Solar Flow-Through Funds Ltd. acquisition https://lnkd.in/gThGdz-i #Solarbank #SUUN #BESS #batteryenergystorage #solarpower #solarpanels #solarenergy #greenpower #greenenergy #mw #renewableenergy #renewablepower #RBC #financing #projectfinancing #ontario #batteries