Nautilus, a New Jersey-based independent solar energy producer, on behalf of its affiliate Nautilus U.S. Power Holdco, announced the acquisition of 54 MW of solar projects from Seaboard, a developer of utility-scale solar projects. The portfolio, which includes nine community solar projects in New York, is expected to reach commercial operation in the fourth quarter of 2023.
Sonnedix, the global independent solar power producer, has acquired a portfolio of 26 MW of operational solar projects in Spain. The portfolio includes three projects with a total of 11 solar PV sub-projects located in different regions of Spain, including Aragon, Castilla, León, Castilla la Macha and Murcia.
Revolve Renewable Power Corporation, a developer of utility-scale solar, wind and battery storage projects, announced the sale of its 1,250 MW of solar plus storage projects to ENGIE IR Holdings, a wholly owned subsidiary of ENGIE, following the signing of a share purchase agreement. The sale includes the Parker solar and storage project with a capacity of 250 MW and the Bouse solar and storage project with a capacity of 1,000 MW.
Renewable energy company Enfinity Global acquired a 400 MW operating utility-scale solar portfolio to expand the company's presence in the US.
Norwegian sovereign wealth fund Norges Bank Investment Management has signed an agreement to acquire a 49% stake in Iberdrola's upcoming renewable energy portfolio, which includes nearly 1.3 GW of solar and onshore wind projects in Spain. The Norwegian bank will pay €600 million (US$649 million) for the stake, which values the portfolio at approximately €1.2 billion (US$1.3 billion). The transaction is expected to be completed in the first quarter of 2023.
Renewable energy developer Econergy Renewable Energy has entered into a €150 million (approximately US$157.7 million) loan agreement with Phoenix Insurance to support its solar photovoltaic projects in Romania and Poland. The loan, which was initially agreed between the two parties in February 2022, will be disbursed primarily in the form of a convertible loan (approximately EUR 110 million (approximately USD 119 million) and a further EUR 40 million (approximately USD 4,327) as a fixed loan, two-thirds of which, or EUR 100 million (approximately USD 108 million), will be used for its Romanian pipeline.