financing

Independent power producer (IPP) Zelestra has closed a US$350 million credit facility for the 203 MW Reclamation Solar project in Indiana.

A round-up of the latest financing news from the US PV industry, with Maxwell Power, CleanChoice Energy and Lydian Energy securing a combined US$1.3 billion.

Independent power producer Rezolv Energy has secured a €561 million (US$637 million) financing for its 1.3GWp Dama Solar project in Romania.

The European Bank for Reconstruction and Development (EBRD) has provided a €120 million financing package for a 342MW solar-plus-storage project in Romania.

European Energy has secured finance for a renewable energy project in the UK that combines 68MW of solar PV capacity and a 47.5MW/95MWh BESS.

Solar Landscape, a US-based distributed energy infrastructure company, has secured a development financing facility of up to US$150 million.

IPP Sonnedix has closed a €730 million (US$841 million) financing for the refinancing, optimisation, and construction of renewable energy assets across Southern Europe.

Avaada has secured approximately US$1.3 billion in debt to fund a 2.15GW portfolio of hybrid and solar projects in Gujarat and Maharashtra.

Independent power producer (IPP) Avantus has closed a US$525 million financing package for its Aratina 2 solar-plus-storage project in Southern California, US.

Renewables developer Elawan Energy has closed a €760 million financing on a 1.3GW solar PV, wind and battery energy storage system (BESS) portfolio in Spain.