The latest renewable energy news includes announcements from CleanChoice Energy, Daiwa, Ampyr, Foresight, and others.
CleanChoice Energy Secures $85 Million Credit Facility to Expand US Solar Projects
Washington-based CleanChoice Energy has closed a term-loan facility of up to $85 million with Aiga Capital Partners to support its solar development business. The financing will help fund construction and expansion of renewable electricity generation assets across the United States. CleanChoice operates a retail electricity business supplying renewable-energy products to residential and commercial customers and is expanding into direct ownership of solar generation. The new facility provides capital for project development and construction as the company builds its generation portfolio. Aiga Capital Partners specialises in financing sustainable infrastructure projects in North America. CleanChoice did not disclose the number of projects covered, individual project capacities, financing maturity or expected commissioning schedules under the agreement.
Daiwa Acquires 49% Stake in Ampyr’s 157 MWp Solar and 80 MWh Battery Project in Germany
Japanese infrastructure investor Daiwa Energy & Infrastructure has acquired a 49 percent ownership interest in Ampyr Solar Europe’s Elsterheide renewable-energy project in Saxony, Germany. Ampyr retains the remaining 51 percent stake and will continue operating and managing the facility. The recently commissioned installation comprises 157 MWp of solar photovoltaic capacity and an 80 MWh battery energy storage system. The project was originally conceived as a 20 MWp solar development before expanding into a large hybrid renewable-energy facility. The acquisition establishes an investment partnership under which Ampyr develops and operates projects while Daiwa provides long-term infrastructure capital. The companies did not disclose the purchase price, financing structure or project revenue arrangements.
Foresight Acquires 100 MW/400 MWh Nivala Battery Storage Project in Finland from FRV
UK investment manager Foresight Group has completed the acquisition of 100 percent of the Nivala battery energy storage project from Fotowatio Renewable Ventures, part of Jameel Energy. The project, located in Nivala, North Ostrobothnia, Finland, has permitted capacity of 100 MW/400 MWh. It has secured the necessary construction approvals and a grid connection agreement with Finnish transmission operator Fingrid. Foresight acquired the project through its Energy Infrastructure Partners II investment vehicle. The four-hour battery is expected to enter commercial operation in the second half of 2028. It will participate in wholesale electricity trading, intraday markets and ancillary grid services. Financial consideration was not disclosed.
