Hatch Bank的动态

German green energy provider Enpal has completed a €1.1bn warehouse facility in two transactions, focusing on residential solar and heat pump securitizations, boosting the company's structured refinancing commitment to more than €3.6bn. The deals indicate progress towards the first proper residential solar #ABS, which is likely to stir excitement in the #European #securitization market. However, Béla Schramm, director of securitization at Enpal warned against "unrealistic" expectations on the timeline. Schramm told GlobalCapital that Enpal is working on a public solar ABS with the aim to bring a deal to market this year. A public heat pump ABS is unlikely to come before 2025. Sign up to read the rest of the story on Enpal's solar ABS deals: https://lnkd.in/evcGyj5j Written by Tom Lemmon, global securitization editor at GlobalCapital #capitalmarkets

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

Lightsource bp Finalizes $348 Million Financing for Texas Solar Projects Lightsource bp secures a $348 million financing package for the construction and operation of two utility-scale solar projects totaling 288 MWdc in Texas.These are: 63MW Starr Solar project located in Starr County125MW Second Division Solar project located in Brazoria County Both solar farms are currently under construction, generating a total of 400 jobs, and are expected to be operational in 2024. Lenders and financiers for this transaction include Societe Generale, ING, NatWest, Llyods Banking Group, and Allied Irish Banks. Speaking about the development, Emilie Wangerman, Head of USA, Chief Operating Officer (interim), Lightsource bp said, “This deal is an important […] Read the full story here: https://lnkd.in/djevWRDx #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #lightsourcebp #northamerica #renewableenergy #solarenergy #texas #unitedstates

Gore Street Energy Storage Fund plc, managed by Gore Street Capital, has doubled its revolving credit facility Santander Group from ￡50 million to ￡100 million. The RCF was arranged by Santander UK Corporate & Commercial Banking and Santander Corporate & Investment Banking, and remains priced at 300 basis points over SONIA, with a potential increase to 350 basis points depending on the debt-to-Gross Asset Value (GAV) ratio. The facility has a four-year term extending to 2028 and provides greater flexibility for the company to complete in-construction assets, explore potential duration expansions, or develop additional projects from its pipeline. Gore Street’s subsidiary, Big Rock ESS Assets LLC (owner of the 200 MW / 400 MWh Big Rock energy storage project in California) also completed a loan conversion which increased the project finance facility from $60 million to $90 million with First Citizens Bank. The increased project finance facility follows the completion of key construction milestones and will fund the remaining capital expenses of the Big Rock project. “I am pleased to announce the availability of these two upsized facilities to the Company,” said Dr Alex O'Cinneide, CEO of Gore Street Capital. “This ensures enhanced liquidity and the ability to continue to further scale the Company. GSF has maintained by far the lowest debt-to-GAV ratio compared to peers (gearing ratio being 11.1% of GAV, based on September-end drawings relative to the last published NAV, June-end 2024). We will continue our prudent approach and, despite the availability of these facilities, will ensure the appropriate consideration is given before any drawings are made.” The Big Rock project has secured a 12-year Resource Adequacy contract, providing a stable revenue stream of over $14 million per year, accounting for up to 40% of total project revenues. The Big Rock project is expected to benefit from Investment Tax Credits (ITCs) covering up to 30% of eligible capital costs under the US Inflation Reduction Act of 2022, significantly reducing overall capital expenses. O’Cinneide continued: “The Company has continued to execute against the targets set out to investors. “With the Resource Adequacy contract secured earlier in the month, providing over $165.0 million of contracted revenue over the life of the contract, and the securing of these facilities, we are well-positioned for the future. I look forward to updating the market regularly over the coming months with news of the energisation of the three remaining construction projects, followed by the ITC cash inflow shortly thereafter.” #cleanenergy

Arevon Energy, Inc. Secures $1.1 Billion Financial Close for Eland 2 Solar-plus-Storage Project Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, today announced it has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatt (MWdc) solar project coupled with 150 MW/600 megawatt hours (MWh) of energy storage, is under early-stage construction and is anticipated to come online in Q1 2025. Wells Fargo provided a $431 million tax equity commitment. Arevon obtained $654 million of debt financing including a construction-to-term loan, a tax equity bridge loan, and a letter of credit facilities. The Canadian Imperial Bank of Commerce […] Read the full story here: https://lnkd.in/dPd79irW #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #cibc #energystorage #financing #northamerica #renewableenergy #solar+storage #solarenergy #usa #wellsfargo

??Major Solar News!?? ?? #SUNN:Cboe/ #SUUNF:OTC/ #GY2:FRA, SOLARBANK TO ACQUIRE SOLAR FLOW-THROUGH FUNDS LTD. IN ALL STOCK TRANSACTION VALUED AT $45 MILLION?? ?Solarbank Corp. has entered into a definitive agreement with Solar Flow-Through Funds Ltd. (SFF) to acquire all of the issued and outstanding common shares of SFF through a plan of arrangement for an aggregate consideration of up to $41.8-million in an all-stock deal. The transaction values SFF at up to $45-million, but the consideration payable excludes the common shares of SFF currently held by Solarbank. ?Through the transaction, Solarbank will acquire SFF's 70 operating solar power sites, along with its pipeline of battery energy storage projects (BESS) and electric vehicle charging stations. ?Highlights and Benefits of the Transaction: ??Continues Solarbank's strategy of creating value for all stakeholders by growing its portfolio of cash-generating independent power producer assets; ??28.8 MW (megawatts) of long-life assets that have favourable feed-in tariff rates into the 2030s; ??Expansion into ownership of battery energy storage projects (14.97 MW) and electric vehicle charging stations -- both key components of the net-zero energy transition; ??All-stock transaction preserves cash for continued financing of the company's development pipeline. ?Dr. Richard Lu, President & CEO of Solarbank commented: "This acquisition advances our strategy of creating stakeholder value through growing our portfolio of high-quality cash-generating independent power producer assets. Solarbank was actively involved in the construction of many of Solar Flow-Through's projects and knows the assets well. They all have long term government power purchase agreements at favorable rates that continue into the next decade." ?Matthew Wayrynen, CEO of Solar Flow-Through commented: "Solar Flow-Through has been working closely with Solarbank for over a decade now. We look forward to aligning our efforts toward a shared mission of expanding and diversifying the Solarbank portfolio, increasing long-term shareholder value and contributing to a sustainable future....." ??Full PR https://bit.ly/3xbYW5h ??Visit SolarBank www.solarbankcorp.com #Solar #esginvesting #renewableenergy #OTCQB #CBOE

To accelerate the energy transition, communities need affordable clean energy options. EnFin, a subsidiary of Hanwha Qcells that specializes in residential solar financing, is making high-quality solar energy equipment available to households across the United States. Read about EnFin’s inaugural $252.86 million asset-backed securities (ABS) transaction:?https://bit.ly/3yOOeT2 #Hanwha | #HanwhaQcells | #EnFin | #SolarEnergy | #GreenFinancing | #SolarPower | #Sustainability?

??Major Solar News!?? ?? #SUNN:Cboe/ #SUUNF:OTC/ #GY2:FRA, SOLARBANK TO ACQUIRE SOLAR FLOW-THROUGH FUNDS LTD. IN ALL STOCK TRANSACTION VALUED AT $45 MILLION?? ?Solarbank Corp. has entered into a definitive agreement with Solar Flow-Through Funds Ltd. (SFF) to acquire all of the issued and outstanding common shares of SFF through a plan of arrangement for an aggregate consideration of up to $41.8-million in an all-stock deal. The transaction values SFF at up to $45-million, but the consideration payable excludes the common shares of SFF currently held by Solarbank. ?Through the transaction, Solarbank will acquire SFF's 70 operating solar power sites, along with its pipeline of battery energy storage projects (BESS) and electric vehicle charging stations. ?Highlights and Benefits of the Transaction: ??Continues Solarbank's strategy of creating value for all stakeholders by growing its portfolio of cash-generating independent power producer assets; ??28.8 MW (megawatts) of long-life assets that have favourable feed-in tariff rates into the 2030s; ??Expansion into ownership of battery energy storage projects (14.97 MW) and electric vehicle charging stations -- both key components of the net-zero energy transition; ??All-stock transaction preserves cash for continued financing of the company's development pipeline. ?Dr. Richard Lu, President & CEO of Solarbank commented: "This acquisition advances our strategy of creating stakeholder value through growing our portfolio of high-quality cash-generating independent power producer assets. Solarbank was actively involved in the construction of many of Solar Flow-Through's projects and knows the assets well. They all have long term government power purchase agreements at favorable rates that continue into the next decade." ?Matthew Wayrynen, CEO of Solar Flow-Through commented: "Solar Flow-Through has been working closely with Solarbank for over a decade now. We look forward to aligning our efforts toward a shared mission of expanding and diversifying the Solarbank portfolio, increasing long-term shareholder value and contributing to a sustainable future....." ??Full PR https://bit.ly/3xbYW5h ??Visit SolarBank www.solarbankcorp.com #Solar #esginvesting #renewableenergy #OTCQB #CBOE

Vesper Energy has announced the successful financing of its Hornet Solar project in Swisher County, TX. This utility-scale project spans over six square miles, boasts a nameplate capacity of 600MWac and 745MWdc, and utilizes cutting-edge bifacial photovoltaic modules on a single-axis tracking system. The project seamlessly connects to Oncor Electric's transmission system in the ERCOT region. The $590 million debt financing package was secured through a construction-to-term loan and letter of credit facility, with MUFG Bank Ltd., Nord/LB, and Santander Corporate & Investment Banking as coordinating lead arrangers. BayernLB served as the joint lead arranger, with Associated Bank as a lender. The financing structure strategically leverages Production Tax Credit (PTC) transfer funding facilitated by provisions under the Inflation Reduction Act, empowered by the monetization of over $500 million in PTCs. Navigating the complexities of securing project financing and a long-term purchase agreement for Production Tax Credits (PTCs) on a significant venture in west Texas was a formidable task, as highlighted by Vesper Energy's Chief Financial Officer, Robert Scheuermann. The successful closure reflects Vesper Energy's ability to create substantial value in the Hornet Solar asset. Blattner Energy has been entrusted with the construction of the Hornet Solar project, and the generated power is committed to four off-take partners through individual Power Purchase Agreements. Vesper Energy's portfolio extends beyond this project, encompassing ownership and operation of 100MW of solar projects. Furthermore, the company boasts a robust pipeline of over 55 renewable energy and energy storage projects, collectively contributing to an impressive generating capacity of 17GW. courtesy :- https://lnkd.in/draRRrz2 #VesperEnergy #RenewableEnergy #SolarPower #ERCOT #HornetSolar #SustainableEnergy #PTC #Financing #ProjectFinance #EnergyStorage #BlattnerEnergy #PowerPurchaseAgreements

Today, Arevon announced a $299 million financial close for our Ratts 1 Solar and Heirloom Solar Projects in Indiana! ???? Both projects are under construction and are scheduled to be fully operational by Q3 2025, adding 264 megawatts (MWdc) of #cleanenergy capacity to Pike County, Indiana. This is Arevon’s fifth transaction in the last year, surpassing more than $2.6 billion in strategic climate finance deals. Our trusted financing partners were key in helping us close this transaction: Crédit Agricole CIB, Commerzbank AG, Bank of America, Lloyds Bank, BNY, Latham & Watkins, and Milbank LLP. Arevon CEO Kevin Smith said “The Ratts 1 and Heirloom Solar Projects fortify Arevon’s reputation as a leader in spearheading innovative financial agreements and further underscore the company’s ability to successfully close project financing and drive projects into construction. I am proud of our team’s ability to manage risks appropriately, forge creative financial solutions, and maximize the potential of the #inflationreductionact to create a more sustainable energy future.” Read the announcement here: https://lnkd.in/eRZEWzEq #renewableenergy #renewables #solar #solarpower #solarenergy