Equinor has commenced commercial operations at its first hybrid project in Brazil, combining 140 MW of solar capacity with 223 MW of wind capacity at the Serra da Babilônia site in Bahia. The solar plant has been developed alongside the existing wind project, Serra da Babilônia Wind, operated by its subsidiary, Rio Energy. The solar plant is expected to produce 236 GWh of renewable energy annually.
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Vena Energy has progressed its Indonesia–Singapore renewable energy project by signing a framework supply agreement with battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) for the project planned in the Riau Islands. Under the agreement, Vena Energy’s Indonesian subsidiary, PT Infrastruktur Terbarukan Sedaya, will procure CATL’s EnerX battery energy storage systems with a capacity of up to 4,000 MWh.
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LS Power has completed the acquisition of bp’s onshore wind operations in US, that is bp Wind Energy North America Inc., adding around 1,300 MW of operating wind capacity across 10 projects to its portfolio. The transaction has met all the required regulatory and closing conditions. Greenberg Traurig, LLP acted as the legal advisor, while Barclays and Santander served as financial advisors to LS Power for the acquisition.
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ACWA Power and Bapco Energies have entered into a joint development agreement to collaborate on the development of a solar project integrated with a battery energy storage system in Saudi Arabia’s Eastern Province. The arrangement outlines cooperation between the two companies to jointly develop the project through multiple phases, with the planned generation capacity expected to reach up to 2.8 GW.
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AMPYR Distributed Energy (ADE), part of AGP Group, has secured a £50 million mezzanine financing facility to support its acquisitions and project funding activities in the UK’s commercial and industrial renewables market. The capital can be utilised across development, construction, and operational stages for both solar and battery energy storage system projects.
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Scatec ASA has commenced commercial operations of the 273 MW Grootfontein solar project in South Africa. The project, located in the Western Cape, will supply electricity under a 20-year power purchase agreement (PPA). It is expected to produce 700 GWh of electricity annually. The project is anticipated to offset around 630,000 tonnes of carbon emissions annually.
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The Ministry of Mines and Energy of the Colombian government has announced the formation of Gecelca Solar as a new platform to support Colombia’s energy transition. The new entity will begin with an initial solar portfolio of 650 MW, anchored by a 200 MW solar project. The region has reportedly faced persistent challenges related to high electricity costs and limited energy access.
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Deutsche Bahn (DB), through its subsidiary DB Energie, has entered two long-duration power purchase agreements with Blue Elephant Energy GmbH (BEE) for the supply of around 2.5 TWh of solar power. The power will come from two large solar projects planned in Bavaria and Baden-Württemberg. Both projects are scheduled to become operational by mid-2027. The agreements run for up to 13 years.
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Zelestra has signed an agreement to sell its Latin America platform to Promigas S.A. The platform comprises 1,400 MW of contracted solar and battery storage capacity, of which 1,000 MW includes projects that are either operational or under construction. Additionally, the company has a development pipeline of more than 2,100 MW of renewable capacity across 19 projects across Chile, Peru and Colombia.
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Citicore Renewable Energy Corporation (CREC) has entered into a Php 3.975 billion project finance loan facility with the Bank of the Philippine Islands (BPI) to support the completion of the 113 MWp Citicore Solar Pangasinan 2 project in Binalonan, Pangasinan. BPI Capital Corporation acted as the sole lead arranger for this financing transaction. Furthermore, the has received a Certificate of Energy Project of National Significance.
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The European Commission (EC) has opened three funding windows under the Innovation Fund, supported by €5.2 billion in EU Emissions Trading System revenues. These include a €2.9 billion call for net-zero technologies, a €1.3 billion auction under the European Hydrogen Bank for renewable and low-carbon hydrogen production, and a €1 billion auction dedicated to industrial process heat decarbonisation.
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Data centers and other large loads cannot wait years for traditional generation and infrastructure upgrades. Virtual power plants offer a faster, cheaper, and more flexible alternative. The commercial models proposed in this paper can unlock large load-driven VPPs at scale by more efficiently allocating risk among utilities, VPP developers, and large customers — aligning incentives and unlocking new pathways for rapid deployment. In turn, this could benefit us all — strengthening reliability, lowering costs, and powering the next wave of US economic growth.
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When we started looking seriously at green hydrogen, the industry was largely theoretical. It sat in the background of energy discussions, viewed as something that might one day become relevant. What has changed over the past decade is that hydrogen has shifted from concept to accepted necessity. Heavy industry, steel, shipping, fertilisers and future fuels all need a solution that electricity alone cannot provide, and green hydrogen fits that role. The biggest evolution has been the move from hype to grounded delivery.
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It’s easy to be discouraged by the negative news coming out of COP30 and the climate space writ large. But beneath the headlines, progress is happening. Clean energy and electrified transport are growing at rates that were unimaginable a decade ago. Countries investing in a green transition are reaping the benefits, from new jobs and growing economies to better energy access and cleaner air. Whatever the twists and turns of climate negotiations, the economic transition is underway. The question is, how fast it will be and who will benefit? Now is the time for all actors to pick up the pace and drive towards a just transition.
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EDF power solutions Canada and Énergie Renouvelable Granit Inc have announced thatthe Haute-Chaudière wind project in Quebec, Canada has secured non-recourse construction and term financing. The 124 MW project received the funding from a group of lenders that includes National Bank of Canada, Canadian Imperial Bank of Commerce, Desjardins Group, KfW IPEX-Bank, and Sumitomo Mitsui Trust Bank.
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Renova has completed a project finance arrangement totalling 22.3 billion yen to support a portfolio of decentralised solar projects. The financing was executed through First Solar Power G.K., and will cover around 1,300 sites with a combined capacity of 170 MWdc. The financing package has been structured with Sumitomo Mitsui Trust Bank as the arranger, alongside The Bank of Fukuoka as joint arranger, and Resona Bank as co-arranger.
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Italy’s energy management agency has released the results for wind and solar projects under the FER-X Transitory decree. A total of around 940 MW has been allocated to 29 wind projects, with a weighted average award price of €72.851 per MWh. Additionally, approximately 7,700 MW has been awarded to 474 solar projects, with a weighted average award price of €6.825 per MWh.
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The Ministry of Energy of Azerbaijan and Clean Energy Capital LLC, a subsidiary of Azerbaijan Green Energy Company LLC, have entered into an implementation agreement for an offshore wind project. The agreement covers the evaluation, planning, and execution of an offshore wind project in the Caspian Sea. The initial phase of the project will have a capacity of 200 MW, with the total planned capacity of the project being 600 MW.
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The Federal Network Agency has released the outcomes of the auctions conducted on October 1, 2025, for biomass plants and solar projects located on buildings and noise barriers. For biomass, the tendered capacity was 813 MW. A total of 807 bids amounting to 940 MW were received. The auction for solar installations on buildings and noise barriers received 140 bids totalling 310 MW against the tendered capacity of 283 MW.
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BrightNight along with its joint venture partner Cordelio Power have completed financial close for the Greenwater energy storage project. The 200 MW/800 MWh battery energy storage system (BESS) project, located in Pierce County, Washington, will supply firm capacity and grid support to Puget Sound Energy. The project has secured this financing of nearly $400 million from a group of banks.
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