The latest renewable energy news includes announcements on Qualitas Energy, Delta Capacity, OnPath Energy, Green Climate Fund, and others.
Qualitas Energy Secures $286 Million Financing for 259 MW Renewable Portfolio and 840 MWh Battery Storage in Chile
Spanish renewable-energy investment manager Qualitas Energy has secured $286 million in non-recourse green financing for its renewable-energy portfolio in Chile. Announced October 28, the transaction covers 259 MW of renewable generation capacity and 840 MWh of battery energy storage under Qualitas Energy Fund V. The financing package includes senior secured debt, letters of credit and a value-added tax financing facility. BNP Paribas acted as sole structuring bank, global coordinator and green loan coordinator. Banco Santander participated as administrative agent, joint lead arranger and joint bookrunner. The financing will support development and operation of renewable generation and storage assets. Individual project commissioning dates and the precise allocation of proceeds were not disclosed.
Delta Capacity Closes Financing for 250 MW/600 MWh Battery Storage Projects in Finland
Swiss-based battery storage developer Delta Capacity has achieved financial close on two Finnish battery projects with combined capacity of 250 MW/600 MWh. Announced October 28, the portfolio comprises the 125 MW/300 MWh Karppio project in Teuva and the 125 MW/300 MWh AKKU One facility in Lapinlahti. Société Générale is the sole senior lender, providing long-term financing and hedging services. Finnvera is supporting one financing facility through a counter-guarantee. The Strioga Family Foundation is investing in Karppio, while Covenergo is the majority owner of AKKU One. Both projects are under construction, with commercial operation targeted for Q4 2027. Centrica Energy has signed partial tolling agreements for both installations.
OnPath Energy Achieves Financial Close for 49 MW Solar and 100 MWh Battery Project in UK
British renewable-energy developer OnPath Energy has reached financial close on its 49 MW Common Farm solar project and 50 MW/100 MWh battery storage facility in South Yorkshire. Announced October 28, the financing was provided by NatWest through a term loan and associated facilities. The hybrid installation is under construction near Dinnington, east of Sheffield, with completion expected by mid-2027. Solar electricity will be sold under a long-term, subsidy-free agreement with an unnamed global technology company. Battery capacity will be managed through a third-party optimisation arrangement. Grupotec is responsible for engineering and construction, while AECOM is providing technical consultancy. The project is expected to generate electricity equivalent to consumption by approximately 18,800 households.
Green Climate Fund Approves $140 Million for Green Hydrogen and Industrial Decarbonisation in Africa
The Green Climate Fund has approved $140 million in catalytic financing for Climate Investor Three, a blended-finance investment platform managed by Climate Fund Managers. Announced October 28, the investment will support renewable energy, green hydrogen, green ammonia, green methanol and industrial decarbonisation projects in South Africa and Namibia. Approximately $84 million will support the SA-H2 Fund in South Africa, while $56 million will be allocated to SDG Namibia One. The Namibian allocation includes $15 million for project development and $41 million for construction equity. The Development Bank of Southern Africa will oversee the programme. Climate Investor Three is targeting $1.2 billion in total fundraising, including additional private investment.
