[SMM PV Flash] Gülermak Secures £35 Million for 48 MW Hanningfield Solar Project

Low Carbon has unveiled early-stage plans for the 500 MW West Oxfordshire Energy Park, combining solar generation with battery storage and associated electrical infrastructure; the storage capacity has not yet been disclosed. Public consultation is planned for early 2027, and the project will require a Development Consent Order as a Nationally Significant Infrastructure Project. If approved, the development could generate electricity equivalent to the annual demand of around 145,000 homes and avoid up to 154,000 tonnes of CO2 emissions each year.

Finnfund and Proparco, supported by an EU guarantee, have committed $33 million to Colombian integrated solar platform ERCO as part of a broader equity financing round. The proceeds will support the construction and expansion of solar and battery storage assets while strengthening ERCO's integrated development, EPC, generation and energy-retail platform. ERCO has delivered more than 2,000 solar projects to date and is targeting approximately 1 GWp of additional solar generation capacity by 2030.

Qair has announced the first disbursement from a €37.9 million financing package for its Gassi and Lamadji projects in Chad, comprising 30 MWp of solar and 8 MWh of battery storage. The African Development Bank and Proparco each provided €15.2 million in loans, supplemented by €6 million in reimbursable grants and €1.5 million in additional funding; an €8 million partial risk guarantee supports payment obligations under the offtake arrangement. The projects are backed by a 20-year PPA with national utility Tchadelec and are expected to generate about 65 GWh annually, equivalent to the yearly electricity needs of roughly 260,000 people.