Mega First Corporation (MFCB) has raised $150m in project financing for developing the 260MW Don Sahong hydropower project in Laos.

Acting through its financial arm Mega First Investments, MFCB has raised $85m in conventional term-loan facilities from various financial institutions and $65m under an Islamic financing scheme.

Estimated to cost $500m, the Don Sahong project is expected to come online in 2019. Electricite du Laos (EDL) will offtake power generated by the plant under a power purchase agreement.

Based in Malaysia, MFCB owns and operates power generation plants.

Carnegie Clean Energy has raised project financing of A$7.5m ($5.8m) from Asymmetric Credit Partners for developing the 10MW Northam solarpower station in Western Australia.

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Carnegie undertook a corporate debt restructure and offered a A$2.8m ($2.17m) unlisted convertible note to raise the financing.

The company has agreed to issue an additional 19.6 million ordinary shares and 35 million unlisted five-year options for zero consideration, exercisable at A$0.06 ($0.046) to the convertible note holders.

“Carnegie Clean Energy has raised project financing of A$7.5m ($5.8m) from Asymmetric Credit Partners for developing the 10MW Northam solarpower station in Western Australia.”

Carnegie also plans to refinance the debt facility with a major Australian retail bank once the project is commissioned.

Oolu has raised $3.2m in a series A venture financing round led by Persistent Energy Capital and Y Combinator Management.

Oolu is a renewable energy developer based in Senegal. As well as investing in current operations in Senegal and Mali, the company also plans to use the proceeds to expand operations in a third market in 2018.

RAI Energy International has acquired a majority stake in the 70MW solarpower project in Hamilton County, Florida,.

The stake was purchased from Hamilton Energy Resource Opportunities (HERO).

Rai Energy International will serve as co-developer of the project along with Jack Levine and the HERO team.

RAI Energy International is engaged in renewable energy development, while HERO is a renewable energy portfolio company. Both the companies are based in the US.

Enertronica has raised €10.4m ($12.2m) in gross proceeds through a private placement of 1,923 convertible bonds due 2022.

The issued bonds included 428 bonds subscribed through conversion of the company’s 5% bonds due 2018.

The company engaged Banca Finnat Euramerica as lead manager and Envent Capital Markets as the arranger and placement agent for the offering. Advance SIM was the financial advisor and NCTM Studio Legale Associato was the legal advisor for the transaction.