Ashtrom Renewable Energy, an independent power producer and subsidiary of the Israel-based Ashtrom Group, has secured $270 million for its 400 MW Tierra Bonita Solar Project in Texas.

The green financing was secured from a group of five banks, including BHI, the U.S operation of Bank Hapoalim Group, Bayerische Landesbank, ING Capital, Rabobank, and Societe Generale. The project is currently under construction and is expected to reach commercial operation by Q4 2024.

Munch Energie, the German-based decentralized energy supplier, secured EUR21 million ($22.12 million) in mezzanine financing, a hybrid of debt and equity financing, for a solar photovoltaic portfolio of 125 MW projects. The financing was provided by a German pension fund, which is managed by Prime Capital. The transaction was actively supported by Capcora as an exclusive financial advisor. Munch Energie has issued a bearer bond as part of a private placement. The total subordinated financing volume amounts to EUR20.7 million ($21.80 million) and is secured by 62 photovoltaic projects, which consist of mainly operational assets and some under construction.

Capital Dynamics, a private asset management firm, has acquired 170 MW of construction-ready solar photovoltaic projects located in Sicily, Italy, from a global energy service provider. The projects will be supported by long-term power purchase agreements. Once operational, the projects are estimated to generate approximately 324 GWh of clean energy per annum - equivalent to over 87,000 tons of avoided CO2 emissions and enough electricity to power over 63,500 homes annually.

Advanced Power, an independent renewable energy power producer, announced the sale of Oriana Solar LLC in Texas to Sabanci Renewables, a subsidiary of Sabanci Holdings. Oriana Solar is a 232 MWdc solar power generating facility with a co-located 60MW/120 MWh battery storage capacity in Victoria County, Texas. The project is expected to bring clean power to the Texas electricity markets and serve the load centers in the Gulf Coast region of Texas, including Houston, Corpus Christi, and Freeport.

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