Connection

popular articles

France: Record penalty of EUR 6 million against Ohm Energie for abuse of rights
Further sale of Enilive by Eni in parallel with negotiations with KKR
Shell abandons blue hydrogen project in Norway for lack of demand
France: Bolloré announces a battery gigafactory in Alsace by 2030
Ecuador: 11% increase in petrol prices triggers strong reactions

MUFG and Nomura fund $388M for Greenalia’s Texas solar park

MUFG and Nomura have provided $388M in financing to Greenalia for the construction of the Misae II solar park, marking the Spanish firm’s entry into the US market.

Please share:

Financial group Mitsubishi UFJ Financial Group (MUFG) and Nomura Securities International, Inc. (Nomura) announced on April 3 a financing agreement with Greenalia S.A., a Spanish developer of renewable energy projects, for the construction of the Misae II solar park in Texas. This project marks Greenalia’s first development in the United States and aligns with its strategy to reach 1 GW of operational capacity by 2026.

The financing includes a $295M construction-to-term loan and a $93M letter of credit facility, totalling $388M. MUFG and Nomura acted as Coordinating Lead Arrangers and Bookrunners, with MUFG also serving as Administrative Agent. Located in Childress County, the park spans 3,970 acres and will develop a photovoltaic capacity of 430 MW-DC / 331.6 MW-AC. Commercial operation is scheduled for the third quarter of 2025.

A project backed by power purchase agreements

Misae II benefits from two power purchase agreements (PPAs) in the ERCOT West zone covering 65% of its energy output and associated Renewable Energy Certificates (RECs). The remaining 35% will be sold on ERCOT’s merchant market. Additionally, the project has secured a fixed-price Production Tax Credit (PTC) Transfer Agreement and a separate fixed-price deal for 40% of its RECs, offering financial stability to investors.

Targeting the US market for Greenalia

This financing represents a strategic milestone for Greenalia in executing its US expansion plan. According to Antonio Fernandez-Montells, Chief Financial Officer of Greenalia S.A., the transaction enables the company to meet capital needs for projects currently under construction. Chief Executive Officer Manuel Garcia confirmed that this development is part of the group’s targets for 2026.

Vinod Mukani, Global Head of Infrastructure and Power Business at Nomura, emphasised the structured nature of the financing, designed to deliver risk-adjusted returns. Louise Pesce, Managing Director of Project Finance at MUFG, highlighted the partners’ involvement in structuring a complex financial arrangement for a project of this scale in Texas.

Register free of charge for uninterrupted access.

Publicite

Latest news

Aker Horizons and Mitsui secure €128mn funding for Mainstream
Eni launches key tender for Kutei North Hub gas project in Indonesia
ExxonMobil appoints Matt Crocker as head of its Product Solutions division
Bulgaria launches work on “The Vertical” gas corridor
TAQA and EWEC commit to 1 GW open-cycle gas power plant in Al Dhafra

Recently published in

Innergex secures two 32 MW solar projects in Yonne through CRE approval

Canadian producer Innergex has received approval from the Energy Regulation Commission for two agrivoltaic solar projects in France, marking its entry into the national photovoltaic market.
PowerChina completes Southeast Asia’s largest floating solar power plant in Indonesia
PowerChina has completed the Cirata floating photovoltaic power plant, a pioneering project in Indonesia that now supplies a quarter of the country's renewable energy production.
en_1140290962540
PowerChina completes Southeast Asia’s largest floating solar power plant in Indonesia
PowerChina has completed the Cirata floating photovoltaic power plant, a pioneering project in Indonesia that now supplies a quarter of the country's renewable energy production.
en_1140290962540
ZNShine Solar delivers 54 MW of bifacial modules to Signal Ranch project in Texas
Photovoltaic manufacturer ZNShine Solar delivered 54.6 MW of bifacial modules for a 67 MW solar project in Texas, financially closed at the end of 2023 through non-recourse financing led by EastWest Bank.
en_1140290958540
ZNShine Solar delivers 54 MW of bifacial modules to Signal Ranch project in Texas
Photovoltaic manufacturer ZNShine Solar delivered 54.6 MW of bifacial modules for a 67 MW solar project in Texas, financially closed at the end of 2023 through non-recourse financing led by EastWest Bank.
en_1140290958540
Waaree inaugurates 5.4 GW solar gigafactory in Chikhli, strengthening India’s industrial capacity
Waaree Energies has launched its 5.4 GW solar cell plant in Chikhli, Gujarat, marking a key milestone for India’s photovoltaic industry and its local manufacturing ambitions.
en_1140290948540-22
Waaree inaugurates 5.4 GW solar gigafactory in Chikhli, strengthening India’s industrial capacity
Waaree Energies has launched its 5.4 GW solar cell plant in Chikhli, Gujarat, marking a key milestone for India’s photovoltaic industry and its local manufacturing ambitions.
en_1140290948540-22

Enlight secures $773 mn for Country Acres solar project in California

Enlight has secured $773 mn in financing for the Country Acres project, combining solar generation and storage near Sacramento, scheduled to be operational in the second half of 2026.
GreenYellow launches 4.6 MW solar project with AJP Group in South Africa
GreenYellow South Africa begins installation of 7,500 solar panels across 10 AJP Group shopping centres, targeting 7.5 GWh in annual output and a 120% reduction in energy costs over twenty years.
en_1140290958540-22
GreenYellow launches 4.6 MW solar project with AJP Group in South Africa
GreenYellow South Africa begins installation of 7,500 solar panels across 10 AJP Group shopping centres, targeting 7.5 GWh in annual output and a 120% reduction in energy costs over twenty years.
en_1140290958540-22
LONGi signs 555 MW deal for its Hi-MO X10 modules in Africa
Chinese manufacturer LONGi secured a 555 MW supply deal for its Hi-MO X10 solar modules during a professional exhibition in Johannesburg, expanding its presence in the African photovoltaic market.
en_1140290957540-22
LONGi signs 555 MW deal for its Hi-MO X10 modules in Africa
Chinese manufacturer LONGi secured a 555 MW supply deal for its Hi-MO X10 solar modules during a professional exhibition in Johannesburg, expanding its presence in the African photovoltaic market.
en_1140290957540-22
Q ENERGY starts construction of 8.5 MWc solar park in Gers
Q ENERGY has launched construction works for an 8.5 MWc photovoltaic park in Cahuzac-sur-Adour, on a former industrial site, with commissioning scheduled for late 2025.
en_1140290948540-21
Q ENERGY starts construction of 8.5 MWc solar park in Gers
Q ENERGY has launched construction works for an 8.5 MWc photovoltaic park in Cahuzac-sur-Adour, on a former industrial site, with commissioning scheduled for late 2025.
en_1140290948540-21

India revives 120 MW solar project in Sri Lanka after Adani withdrawal

New Delhi has confirmed the construction of a solar power plant in Sampur, reviving a long-delayed project following the withdrawal of a major wind farm backed by the Adani Group.
Plenitude launches construction of a 90 MW solar plant in the Region of Murcia
Italian company Plenitude has begun building a 90 MW solar plant in Fortuna, southeastern Spain, with commissioning scheduled for 2025.
en_1140290959540-20
Plenitude launches construction of a 90 MW solar plant in the Region of Murcia
Italian company Plenitude has begun building a 90 MW solar plant in Fortuna, southeastern Spain, with commissioning scheduled for 2025.
en_1140290959540-20
Masdar completes acquisition of Valle Solar, a strategic 234 MW solar project in Spain
Masdar, through its subsidiary Saeta, has acquired Valle Solar, one of the largest photovoltaic projects in the Valencia region, reinforcing its European growth strategy with a potential storage capacity of 259 MW.
en_1140290962540-9
Masdar completes acquisition of Valle Solar, a strategic 234 MW solar project in Spain
Masdar, through its subsidiary Saeta, has acquired Valle Solar, one of the largest photovoltaic projects in the Valencia region, reinforcing its European growth strategy with a potential storage capacity of 259 MW.
en_1140290962540-9
Enerfip and CARBON launch citizen fundraising for strategic solar plant
CARBON partners with Enerfip to raise at least €1 mn in citizen funding for its planned photovoltaic gigafactory in Fos-sur-Mer, an industrial project backed by the solar sector.
en_1140290948540-20
Enerfip and CARBON launch citizen fundraising for strategic solar plant
CARBON partners with Enerfip to raise at least €1 mn in citizen funding for its planned photovoltaic gigafactory in Fos-sur-Mer, an industrial project backed by the solar sector.
en_1140290948540-20

GreenYellow equips three Sanofi sites in France with 4.5 MWc of solar carport systems

GreenYellow is installing self-consumption photovoltaic carports at three Sanofi sites under 15-year power purchase agreements, totalling 4.5 MWc of installed capacity.
France: The Renewable Energy Syndicate warns of a threat to agrivoltaics
The Renewable Energy Syndicate opposes the bill adopted by the Economic Affairs Committee, arguing that its provisions would end the development of agrivoltaics in France.
en_1140290945540-21
France: The Renewable Energy Syndicate warns of a threat to agrivoltaics
The Renewable Energy Syndicate opposes the bill adopted by the Economic Affairs Committee, arguing that its provisions would end the development of agrivoltaics in France.
en_1140290945540-21
France reforms small-scale solar tariffs to contain public spending
A decree published in the Official Journal revises support for photovoltaic systems under 500 kWc by lowering certain tariffs and introducing a bank guarantee to regulate project eligibility.
en_1140290960540-19
France reforms small-scale solar tariffs to contain public spending
A decree published in the Official Journal revises support for photovoltaic systems under 500 kWc by lowering certain tariffs and introducing a bank guarantee to regulate project eligibility.
en_1140290960540-19
TOYO to double solar production capacity in Ethiopia with 2GW expansion project
TOYO Co., Ltd plans to add 2 gigawatts to its solar production capacity in Ethiopia by August 2025, responding to strong international demand with an estimated $47mn investment.
en_1140290949540-20
TOYO to double solar production capacity in Ethiopia with 2GW expansion project
TOYO Co., Ltd plans to add 2 gigawatts to its solar production capacity in Ethiopia by August 2025, responding to strong international demand with an estimated $47mn investment.
en_1140290949540-20

ZNShine Solar secures module supply deal for 50MW solar project in Honduras

ZNShine Solar will supply photovoltaic modules for the Patuca project, a 50MW facility backed by the Honduran government and scheduled to be commissioned in October 2025.
TotalEnergies withdraws from Maya solar project in French Guiana amid new PPE priorities
TotalEnergies’ withdrawal from the Maya project highlights a strategic shift in French Guiana towards distribution and territorial balance, at the expense of solar production around Cayenne.
en_1140290952540-19
TotalEnergies withdraws from Maya solar project in French Guiana amid new PPE priorities
TotalEnergies’ withdrawal from the Maya project highlights a strategic shift in French Guiana towards distribution and territorial balance, at the expense of solar production around Cayenne.
en_1140290952540-19
Energiekontor commissions 60 MW solar park in Brandenburg
German developer Energiekontor has launched operations at the Letschin solar park, adding 60 megawatts to its portfolio and reinforcing its electricity generation segment.
en_1140290954540-18
Energiekontor commissions 60 MW solar park in Brandenburg
German developer Energiekontor has launched operations at the Letschin solar park, adding 60 megawatts to its portfolio and reinforcing its electricity generation segment.
en_1140290954540-18
Bangladesh revives solar push with 2.65 GW tender amid investor concerns
The Bangladesh Power Development Board has issued a tender for 14 large-scale solar plants, following previous project failures due to investor-criticised terms.
en_1140290955540-18
Bangladesh revives solar push with 2.65 GW tender amid investor concerns
The Bangladesh Power Development Board has issued a tender for 14 large-scale solar plants, following previous project failures due to investor-criticised terms.
en_1140290955540-18

Scatec signs 25-year contract for 120 MW solar plant in Tunisia

Scatec has signed a 25-year power purchase agreement with STEG for a 120 MW solar project, strengthening its presence in Tunisia and cooperation with Japan’s Toyota Tsusho Group.
Imerys and TotalEnergies ENEOS deploy solar system in Ipoh, Malaysia
TotalEnergies ENEOS and Imerys have deployed a 1 MWp photovoltaic system in Ipoh, Malaysia.
en_1140290952540-14
Imerys and TotalEnergies ENEOS deploy solar system in Ipoh, Malaysia
TotalEnergies ENEOS and Imerys have deployed a 1 MWp photovoltaic system in Ipoh, Malaysia.
en_1140290952540-14
ACCIONA Energía launches the construction of the Daanbantayan solar plant in the Philippines
ACCIONA Energía has started the construction of the Daanbantayan solar plant, a €120 million project in the Philippines, with operations expected to begin in late 2026.
en_1140290946540-13
ACCIONA Energía launches the construction of the Daanbantayan solar plant in the Philippines
ACCIONA Energía has started the construction of the Daanbantayan solar plant, a €120 million project in the Philippines, with operations expected to begin in late 2026.
en_1140290946540-13
Acciona Energía secures €263 million financing for its solar farm in Australia
Acciona Energía has closed a €263 million syndicated loan for the construction of the Aldoga solar farm in Australia, supported by Cesce's green investment policy.
en_1140290945540-14
Acciona Energía secures €263 million financing for its solar farm in Australia
Acciona Energía has closed a €263 million syndicated loan for the construction of the Aldoga solar farm in Australia, supported by Cesce's green investment policy.
en_1140290945540-14

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS