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					</table><p><strong>From: <a href="https://www.mercomindia.com/project-finance-brief-ipx-power-closes-4-95-billion" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Bankinter Investment and Plenium Partners have </strong><a href="https://mercomcapital.com/bankinter-and-plenium-secure-617-million-for-130-mw-solar-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> €530 million (~$617 million) in financing for a 130 MW solar portfolio owned by Helia Renovables IV. </strong>Helia Renovables IV was launched in 2020 by Bankinter Investment, an alternative investment arm of the Spanish financial group Bankinter, and Plenium Partners, an investment company focused on power and sustainable infrastructure in Europe.</p>
<p><strong>Vesper Energy, a utility-scale solar and battery storage project developer, has </strong><a href="https://mercomcapital.com/vesper-energy-secures-236-million-financing-texas-solar-project/" target="_blank" rel="noopener"><strong>reached</strong></a><strong> financial close on $236 million in debt financing</strong> for its 201 MW Nazareth Solar project in Swisher County, Texas. The financing package includes a construction-to-term loan and a letter of credit facility.</p>
<p><strong>Renewable energy company Avaada Group has </strong><a href="https://www.mercomindia.com/avaada-group-secures-950-million-for-renewable-energy-projects" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $950 million in financing from a consortium of global and domestic banks for</strong> renewable energy projects in India. The financing covers the financial closure of its firm and dispatchable renewable energy (FDRE) project in Bikaner, Rajasthan.</p>
<p><strong>Mumbai-headquartered renewable energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) </strong><a href="https://www.mercomindia.com/cleanmax-secures-575-million-for-1-gw-solar-wind-projects" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it secured nearly $575 million to</strong> expand its solar and wind projects in India. The financing will support large-scale, Central Transmission Utility-connected renewable energy projects across Rajasthan and Karnataka.</p>
<p><strong>Solar solutions company Evolve Green Energies has </strong><a href="https://www.mercomindia.com/evolve-green-secures-%E2%82%B91-billion-debt-from-aseem-infra-for-solar-expansion" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a debt capital commitment of ₹1.05 billion (~$11 million) from Aseem Infrastructure Finance</strong> to fund the development of its 30 MW rooftop and group captive solar portfolio across India. Evolve will use this funding to accelerate the expansion of its distributed solar portfolio across government, industrial, and commercial client segments, focusing on high-credit offtakers and long-tenor power purchase agreements.</p>
<p><strong>SolarAfrica, an independent renewable power producer, has </strong><a href="https://mercomcapital.com/solarafrica-acquire-315-mw-nyakallo-solar-storage-project/" target="_blank" rel="noopener"><strong>signed</strong></a><strong> an agreement to acquire the 315 MW Nyakallo solar and battery storage project </strong>in Limpopo, South Africa, from Norsk Renewables, a Norwegian renewable energy project developer. The companies said they will continue to develop the project toward financial close and construction.</p>
<p><strong>Kyivstar Group, a subsidiary of digital operator VEON, has </strong><a href="https://mercomcapital.com/kyivstar-acquires-105-mw-solar-project-portfolio-in-ukraine/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> six solar power projects totaling 105 MW in Ukraine’s</strong> Lviv region for $80.8 million. The acquisition expands Kyivstar’s renewable energy generation portfolio nearly ninefold.</p>
<p><strong>Eelpower Energy, an energy storage project developer backed by Equitix, Aware Super, and the National Wealth Fund, has </strong><a href="https://mercomcapital.com/eelpower-energy-acquires-50-mw-battery-storage-project-in-uk/" target="_blank" rel="noopener"><strong>acquired</strong></a><strong> the</strong> 50 MW/100 MWh Stoneworthy battery storage project in Great Britain from renewable energy company RES. The Stoneworthy project is located on land south of the Pyworthy substation in Devon.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week’s project finance <a href="https://www.mercomindia.com/project-finance-brief-ipx-power-closes-4-95-billion" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Bankinter and Plenium Secure $617 Million for Solar Portfolio


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					</table><p><a href="https://eelpower.co.uk/" target="_blank" rel="noopener">Eelpower Energy</a>, an energy storage project developer backed by Equitix, Aware Super, and the National Wealth Fund, has acquired the 50 MW/100 MWh Stoneworthy battery storage project in Great Britain from renewable energy company RES.</p>
<p>The Stoneworthy project is located on land south of the Pyworthy substation in Devon. Construction is expected to begin in 2027, with commercial operations starting in 2028.</p>
<p>The acquisition is Eelpower Energy’s fourth asset purchase since the company was formed in September 2025. The company said the acquisition is part of its plan to build a distributed portfolio of grid-scale flexible storage assets across Great Britain.</p>
<p>Burges Salmon advised the company as legal counsel. Everoze provided technical due diligence, Roadnight Taylor acted as grid consultant, and Eight Advisory advised on finance/ tax matters.</p>
<p>Mark Simon, Chief Executive of Eelpower Energy, said, “Stoneworthy is an important acquisition for Eelpower Energy and a strong addition to our growing battery storage portfolio. It demonstrates our ability to originate and execute attractive opportunities with high-quality counterparties such as RES, while underlining the commitment of Equitix, Aware Super, and the National Wealth Fund to investing in the infrastructure needed for a cleaner, more flexible, and more resilient electricity system in Great Britain.”</p>
<p>Eelpower Energy plans to invest £500 million (~$635 million) in flexible battery storage assets in Great Britain. The company also aims to build, own, and operate more than 1 GW of grid-scale battery storage assets in the coming years, planning to become an owner-operator of flexibility assets on the Great Britain electricity system.</p>
<p>A total of 7.2 GW of energy storage projects were acquired in Q1 2026, a 227% increase compared to the 2.2 GW in Q1 2025, according to Mercom’s recently released Q1 2026 Energy Storage Funding and M&amp;A <a href="https://mercomcapital.com/product/q1-2026-funding-ma-report-energy-storage/" target="_blank" rel="noopener">report</a>. A growing share of acquisitions included standalone battery storage and hybrid solar-plus-storage projects.</p>
<p>In May 2026, GridStor, a developer and operator of utility-scale battery energy storage projects, <a href="https://mercomcapital.com/gridstor-acquires-199-mw-colorado-battery-storage-project-from-accelergen/" target="_blank" rel="noopener">acquired</a> the 199 MW/796 MWh Birdseye battery storage project in Adams County, Colorado, from Accelergen. The project’s commercial operations date is planned for the end of 2028, with construction expected to begin as early as 2027.</p>


Eelpower Energy Acquires 50 MW Battery Storage Project in UK

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