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					</table><p><strong>From: <a href="https://mercomcapital.com/project-finance-brief-sunraycer-secures-901m-solar-storage-projects/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Sunraycer Renewables, a developer, owner, and operator of clean energy power sites, </strong><a href="https://mercomcapital.com/sunraycer-secures-901-million-for-solar-and-storage-projects-in-texas/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> a $901 million project financing facility to support three solar and battery storage projects in Texas.</strong> The financing was provided by MUFG Bank, Ally Bank, Nomura Securities International, Norddeutsche Landesbank Girozentrale, and Société Générale. Proceeds will support the construction and operation of three projects totaling 479.5 MW of solar generation capacity and 236.5 MW of paired two-hour BESS.</p>
<p><strong>Stafford Capital Partners, an international private markets investment and advisory firm, </strong><a href="https://mercomcapital.com/stafford-capital-partners-secures-105-million-refinancing-for-solar-portfolio/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> an €89.4 million (~$105 million)</strong> refinancing facility for its STAR I solar portfolio in Italy. The portfolio includes 30 operational solar photovoltaic projects across Italy. Its installed capacity is expected to increase from approximately 75 MW to approximately 84 MW upon completion of the optimization program.</p>
<p><strong>Renewable energy solutions provider Sunstream Green Energy </strong><a href="https://www.mercomindia.com/sunstream-secures-%E2%82%B97-billion-refinancing-for-250-mw-solar-portfolio-from-sbi/" target="_blank" rel="noopener"><strong>completed</strong></a><strong> a ₹7 billion (~$72.67 million) </strong>refinancing with State Bank of India for an over-250-MW solar portfolio developed over three years across 17 sites in Maharashtra, India.</p>
<p><strong>OCI Energy, a utility-scale solar and battery storage project developer, and Arava Power, an Israeli utility-scale renewable energy company, have </strong><a href="https://mercomcapital.com/arava-power-to-acquire-50-stake-in-la-salle-solar-project/" target="_blank" rel="noopener"><strong>signed</strong></a> a Membership Interest Purchase Agreement for La Salle Solar, a 670 MW solar project in La Salle County, Texas. Under the MIPA agreement, Arava Power will acquire a 50% ownership interest in the project. OCI Energy and Arava Power will jointly finance, construct, own, and operate La Salle Solar.</p>
<p><strong>Enel, through its wholly owned subsidiary Enel Green Power North America, </strong><a href="https://mercomcapital.com/enel-to-acquire-270-mw-us-solar-portfolio-for-140-million/" target="_blank" rel="noopener"><strong>signed</strong></a><strong> an agreement with a U.S. utility to acquire seven operational solar projects</strong>. The solar portfolio has a total installed capacity of approximately 270 MW and is expected to generate an average annual output of about 0.4 TWh. The projects are located in Virginia, North Carolina, and South Carolina. Enel said the transaction would mark the group’s first entry into these three states.</p>
<p><strong>J&amp;V Energy Technology, a renewable energy project developer, agreed to </strong><a href="https://mercomcapital.com/jv-energy-to-acquire-187-mw-operational-solar-portfolio-from-gip/" target="_blank" rel="noopener"><strong>acquire</strong></a><strong> a 187 MW portfolio of operational solar projects in Taiwan from a fund managed by</strong> <strong>Global Infrastructure Partners</strong>. The portfolio comprises 42 operational solar projects located across Central and Southern Taiwan, with a combined nameplate capacity of 187 MW.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week&#8217;s project finance <a href="https://www.mercomindia.com/project-finance-brief-solar-landscape-600-million" target="_blank" rel="noopener">brief</a>.</p>


Project Finance Brief: Sunraycer Secures $901M for Solar and Storage Projects


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					</table><p><a href="https://www.staffordcp.com/" target="_blank" rel="noopener">Stafford Capital Partners</a>, an international private markets investment and advisory firm, secured an €89.4 million (~$105 million) refinancing facility for its STAR I solar portfolio in Italy.</p>
<p>BPER Corporate &amp; Investment Banking provided the financing and acted as facility agent, original lender, original account bank, bookrunner, and mandated lead arranger.</p>
<p>The multi-borrower, non-recourse project finance facility will refinance existing portfolio-level debt and fund a revamping and repowering program for the incentivized portion of the STAR I portfolio.</p>
<p>The STAR I portfolio includes 30 operational solar photovoltaic projects across Italy. Its installed capacity is expected to increase from approximately 75 MW to approximately 84 MW upon completion of the optimization program, with total annual production reaching about 130 GWh.</p>
<p>The portfolio comprises projects commissioned from 2011 and projects expected to reach commercial operation in 2026. Stafford said the assets include a range of technologies and operating profiles. Six of the 30 projects operate on a merchant basis, while the remaining benefit from incentivized revenue structures.</p>
<p>Angelo Prete, Partner, Infrastructure at Stafford Capital Partners, said: “This refinancing represents an important step in the continued evolution of the STAR I portfolio. By securing long‑term financing alongside the revamping and repowering program, we are enhancing the portfolio’s performance, extending asset life and increasing installed capacity, while maintaining a disciplined approach to risk and capital efficiency. The transaction highlights our ability to deliver complex portfolio‑wide solutions and reinforces the rationale behind our dedicated renewables strategy in core European markets.”</p>
<p>Legance Avvocati Associati conducted legal due diligence and drafted the finance documents. MFZ Partners advised the sponsor on financial structuring and the financial model. KPMG Advisory audited the financial model. Kiwa Moroni acted as technical adviser and reviewed permitting, technical, and economic aspects of the portfolio.</p>
<p>According to Mercom’s recently released Q1 2026 Solar Funding and M&amp;A <a href="https://mercomcapital.com/product/q1-2026-solar-funding-ma-report/" target="_blank" rel="noopener">report</a>, announced large-scale solar project funding increased by 61% in Q1 2026 compared with the funding raised in the same period in 2025.</p>
<p>In 2026, Bluefield Solar (BSIF), the London-listed U.K. income fund focused primarily on acquiring and managing solar energy assets, <a href="https://mercomcapital.com/bluefield-solar-secures-163-million-debt-for-solar-projects/" target="_blank" rel="noopener">reached</a> financial close on a debt raise of up to £120 million (~$163 million) term loan commitments to fund the construction of four solar projects in its development pipeline.</p>


Stafford Capital Partners Secures $105 Million Refinancing for Solar Portfolio

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