Project Finance Brief: Ashtrom, Kenlov to Acquire 1.1 GW of Solar Portfolio in the US
Summary
Greencoat Renewables has entered the Spanish market with a deal to acquire the 50 MW Torrubia solar project, currently under construction, from Lightsource bp. ThomasLloyd Energy Impact Trust has completed the acquisition of a minority stake in three solar projects in the Philippines with a combined capacity of 80 MW. Globeleq, an independent power company in Africa, and its project partners, Source Energia, a renewable energy developer, and Electricidade de Mocambique (EDM), the Mozambican national power utility, have reached financial close on the 19 MW Cuamba solar PV project with a 2 MW/7 MWh energy storage system. Sonnedix, an independent solar power producer, has completed the acquisition of a 5.6 MW operational portfolio in the city of Borna (Saxony) and Hegnenbach (Bavaria), Germany, from Danish investors. Macquarie’s Green Investment Group (GIG), a developer, sponsor, and investor, has reached financial close on a 40 MW battery storage project in Maldon, Essex.
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