Month: May 2026

Sunraycer secures $901 million for Texas solar and BESS projects

Sunraycer Renewables has secured a $901 million project financing facility from MUFG Bank Limited., Ally Bank, Nomura Securities International, Inc., Norddeutsche Landesbank Girozentrale, and Societe Generale. It will support the construction and operation of three solar and battery energy storage system (BESS) projects in Texas, aggregating 479.5 MWac of solar generation capacity and 236.5 MWac of two-hour BESS.

Read More

Iberdrola to commission 195 MW wind farm in Portugal

Iberdrola has commissioned the 195 MW Tâmega Norte wind farm in Portugal. Located between Braga and Vila Real, in the municipalities of Cabeceiras de Basto and Montalegre, theTâmega Norte wind farm is an onshore wind project consisting of 27 Vestas wind turbines, each with a capacity of 7.2 MW and a rotor height of 172 metres. Furthermore, the project is the first of two wind farms that form part of the grid-connected wind-hydro hybrid project, Tâmega Complex.

Read More

Optimising US Transmission Network: Paper 

Grid-enhancing technologies are playing a critical role in modernising the US power system by improving transmission efficiency, increasing grid reliability, and enabling greater integration of renewable energy resources. The report highlights the need to modernise and optimise the US electricity transmission network amid rising power demand, ageing infrastructure, growing renewable energy integration, and increasing grid congestion. Power grid enhancement solutions can unlock substantial additional transmission capacity from existing infrastructure, often at a fraction of the cost of building new infrastructure and in months rather than years.

Read More

India’s AgriPV Potential: Report 

The report presents India’s GIS-Based AgriPV potential assessment, evaluating the country’s agricultural lands through multiple filters-slope, soil productivity, solar resource, flood risk, landuse, and protected area buffers. 47.35 million hectares of “restricted cropland” considering all crop categories, out of which around 2.835 million hectares of land is available for selected crop categories suitable for AgriPV. Considering validated AgriPV power density values ranging 0.42-0.75 MW/ha, the national AgriPV potential ranges from 1,192 GW to 2,129 GW.

Read More

Germany’s Battery Opportunity: Report 

Germany hosts around a quarter of the EU’s total large-scale battery capacity, with over 2.5 GW operational by the end of 2025 which is more than double the capacity of just two years earlier. Germany has a strong grid-scale battery pipeline, but the lack of an ambitious clean flexibility strategy and the preferential treatment of gas in forthcoming auctions risk slowing deployment, causing the country to forego the benefits of batteries and remain locked into gas import dependency for decades. Empowering batteries will help fortify Germany’s energy security. 

Read More

Mainstream achieves commercial operations for Ckhúri wind farm in Chile

Mainstream Renewable Power has announced that it has received commercial operations date (COD) certification for the Ckhúri Wind Farm from the National Electricity Coordinator. The project is located in Calama in the Antofagasta Region, Chile. The project has an installed capacity of 109.2 MW and comprises 26 Vestas turbines. Furthermore, the project is expected to supply clean energy sufficient to power approximately 166,000 Chilean homes.

Read More

Envision and Menderes join forces for 120 MW wind power project in Turkey 

Envision Energy has partnered with Menderes Tekstil for the Beğendik wind power project. The project, located in Edirne Province, Turkey, has an installed capacity of 120 MW. The project will deploy 15 units of Envision’s EN-182/8.0 MW wind turbines. The project is also expected to generate around 360 million kWh of clean electricity annually. Additionally, the project is expected to offset carbon emissions by approximately 225,000 tonnes on an annual basis.

Read More

OCI Energy and Arava Power sign agreement for 670 MWdc Texas solar project  

OCI Energy andArava Power have signed a membership interest purchase agreement (MIPA) for the 670 MWdc La Salle Solar project. The project is located in La Salle County, Texas. Under the agreement, Arava Power will acquire a 50 per cent stake in the project, with both companies jointly financing, constructing, owning, and operating the plant. The agreement marks the third collaboration between the two companies in the Texas renewable energy market.

Read More

J&V Energy Technology to acquire 187 MW solar portfolio in Taiwan 

J&V Energy Technology Co., Ltd. has signed an agreement to acquire a portfolio of operational solar plants in Taiwan. The portfolio includes 42 operating solar plants located across Central and Southern Taiwan with a combined capacity of 187 MW. The portfolio will be acquired from a fund managed by BlackRock’s Global Infrastructure Partners. Furthermore, the plants are expected to generate around 270 million kWh of clean electricity annually which is sufficient to power nearly 80,000 households for more than 15 years.

Read More

Meta and DESRI sign 850 MW clean power PPAs in US

DESRI and Meta have signed 850 MW of solar and battery storage power purchase agreements (PPAs) in US. The agreement includes 500 MW in Oklahoma, 200 MW in Texas and 150 MW in Mississippi. With these agreements, the total contracted solar and battery storage capacity between the companies has increased to approximately 2,575 MW in US. Previously contracted projects between the companies include 150 MW in Texas, 300 MW in Utah and 100 MW in New Mexico.

Read More

Germany awards 2.2 GW of solar capacity 

The Federal Network Agency of Germany has announced the results of its March 1, 2026 solar PV auction which was oversubscribed. The tender covered 2,295 MW of ground-mounted and special-structure solar projects. A total of 532 bids of 4,622 MW capacity were submitted, while 268 bids totaling 2,299 MW secured awards. Additionally, 39 bids were excluded from the auction process.

Read More

Rezolv Energy commissions 225 MW solar park in Bulgaria

Rezolv Energy has commissioned the 225 MW St. George solar park in Silistra, Bulgaria. The project represents an investment of $300 million. The project incorporates 400,000 solar panels along with a 90 MW/240 MWh battery energy storage system supported by the EU’s Next GenerationEU programme. Furthermore, the project is expected to generate around 313 GWh of electricity annually for at least 30 years.

Read More

Grenergy secures $268 million for solar plus storage project in Chile

Grenergy has secured $268 million in non-recourse financing for the Monte Águila solar plus storage project in Chile. The financing was arranged through an international banking syndicate led by BNP Paribas, alongside KfW IPEX-Bank, Rabobank, Natixis, and Scotiabank. The Monte Águila project also benefits from a 12-year daytime power purchase agreement.

Read More

YEC inks solar PPA with Rio Tinto for Pilbara project

Yindjibarndi Energy Corporation (YEC) has achieved financial close and signed a 30-year power purchase agreement (PPA) with Rio Tinto for the Jinbi Solar Project. The project is located in Pilbara, Australia. Under the agreement, YEC will supply 100 per cent of the electricity generated from the project to support decarbonisation of Rio Tinto’s Pilbara iron ore operations. 

Read More

MorGen Energy secures EU grant for green hydrogen project in Denmark

MorGen Energy, a subsidiary of Trafigura, has secured a conditional grant of up to €422.75 million under the European Hydrogen Bank auction funded by the EU Innovation Fund. The grant supports the future operations of the Njordkraft green hydrogen project which is located in Esbjerg, Denmark. The project is expected to produce around 45,500 tonnes of renewable hydrogen annually for sectors including steel, refining and energy-intensive manufacturing.

Read More

Elements Green acquires 300 MW BESS project in Scotland

Elements Green has acquired the Newarthill battery energy storage system (BESS) project located near Motherwell in Scotland. The project, acquired from Geocore, has a 300 MW storage capacity with a planned two-hour duration and the potential to expand to four hours duration. The project received planning approval in February 2025. The project will connect through an adjacent 275kV substation, with a grid offer secured from NESO under the ongoing grid reform process.

Read More

Australian Energy Market Dynamics: Report 

East Coast Australian energy dynamics from the report indicate that operational demand remained steady, with distributed PV growth offsetting underlying demand growth. Renewables supplied a higher share of NEM generation, reaching new Q1 highs. Expanded battery capacity reshaped supply patterns across the day. WEM supply mix shifted further towards renewables, while battery storage reshaped intraday supply patterns while average WEM energy prices remained consistent year-on-year, with lower volatility, and essential system services costs declined for the west coast energy market. 

Read More

Colorado’s EV Ecosystem: Paper

The paper evaluates the number, type, and distribution of EV chargers needed to achieve Colorado’s goal of 940,000 electric vehicles (EVs) on its roads by 2030 and 2.1 million by 2035. It was found that the number of non-home Level 2 chargers will need to increase to more than 35,000 by 2030, while non-home DC fast chargers will need to increase to around 2,900 by the same year. By 2035, approximately 55,000 non-home Level 2 and about 4,200 DC fast chargers will be needed to support the growing EV fleet.

Read More

Climate Finance Landscape in Ethiopia: Report 

Ethiopia’s climate finance has gradually increased but must rise by at least fourfold to meet identified needs. Tracked flows averaged USD 2.3 billion annually in 2022/23, equivalent to approximately 1.7% of GDP. This is an 11% increase from the annual average of USD 2.1 billion in 2020/21 but still well below the estimated USD 10.6 billion annual requirement under the NDC 3.0 (2025-2035). Ethiopia’s heavy reliance on international public sources exposes its climate agenda to the constraints of external concessional finance.

Read More

SEG announces 4 GW solar module factory in US

SEG Solar has announced plans to establish a 4 GW solar module manufacturing facility in Houston, US. The facility represents an investment of more than $200 million, expanding SEG’s total annual US solar module production capacity to approximately 6 GW. The facility is expected to commence operations in the third quarter of 2026. Furthermore, the expansion follows SEG’s plans for a 5 GW ingot and wafer manufacturing facility in Indonesia, strengthening its fully integrated solar supply chain across ingots, wafers, and cells. 

Read More