CIM Group’s Permanent Power Company has secured approximately $600 million in construction financing for its Grape solar and battery storage project. The project is located in California. The project includes 246.4 MWac of solar PV capacity and a 150 MW/600 MWh battery energy storage system (BESS) located within Westlands Solar Park.
Read More
The report presents a comprehensive, data-driven assessment of India’s FSPV potential. The study estimated India’s total floating solar potential at approximately 102.18 GWp, with a constraint of using only 20% of the reservoir area. The potential is unevenly distributed across states, with particularly high concentrations in Maharashtra, Madhya Pradesh, Karnataka, Odisha, Telangana, and Gujarat, reflecting the availability of large, technically suitable reservoirs and inland water bodies. By optimising the use of underutilised water surfaces, floating solar can help overcome land constraints, enhance energy security, support water conservation objectives, and accelerate progress toward national renewable energy and climate targets.
Read More
Salt River Project and Aypa Power have commissioned the Pediment Battery Energy Storage System (BESS) located in Mesa, Arizona. The BESS has an installed capacity of 250 MW/1,000 MWh. The facility can supply enough electricity to power up to 56,250 homes for four hours. The Pediment project is the first of two BESS projects being developed by Aypa Power under contract with SRP.
Read More
BLT Energy has received development approval from the Regional Development Assessment Panel for its Red Gully Battery Energy Storage System (BESS) project in Western Australia. The project has a total capacity of 800 MW/4,800 MWh of energy storage. Phase 1 of the project will provide up to 400 MW of power and 2,400 MWh of storage capacity to the South West Interconnected System.
Read More
A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II), has signed an agreement to acquire Mainstream Renewable Power South Africa. Mainstream Renewable Power was established in 2009. It has a portfolio comprising 148 MW of operating and under-construction assets, 351 MW of construction-ready projects, and an approximately 11.6 GW pipeline of solar, wind, and battery storage projects.
Read More
Fotowatio Renewable Ventures (FRV) has secured 2.3 GW of grid capacity in Germany to support a portfolio of battery energy storage, solar PV, and hybrid renewable energy projects. The portfolio forms part of FRV’s broader international pipeline spanning solar, energy storage, hybrid systems, green hydrogen, and data center developments, with projects targeting ready-to-build (RTB) status between 2026 and 2029.
Read More
Ohmium International and Hynfra P.S.A. have signed a cooperation agreement to advance green hydrogen and green ammonia projects in Mauritania, Jordan, and Oman. The agreement covers the FEED stage and establishes a framework for continued collaboration across the three projects. Under the partnership, Ohmium will provide technical support and expertise in PEM electrolyser technology during the FEED and project development phases.
Read More
Nautilus Solar Energy has renewed its construction debt facility with a total commitment of $600 million in US. The financing will support the construction of approximately 200 MW of community solar projects across Nautilus’s portfolio. Co-lead arrangers for the facility include National Bank of Canada Capital Markets, Royal Bank of Canada, and Export Development Canada.
Read More
Ignitis group has secured a €150 million loan from the European Investment Bank (EIB) to support the financing of the Kelmė Wind Farm. The wind farm has a combined installed capacity of 313.7 MW and is located in Lithuania. The project reached commercial operations in June 2025. With this, the total investment in the Kelmė Wind Farm, including acquisition and construction costs, is expected to reach up to €550 million.
Read More
Frontier Power Energy Holdings has acquired the rights to the Ayr and Busby long-duration energy storage (LDES) projects from Apatura Energy. The projects will provide a combined capacity of 350 MW/2.8 GWh, with the Ayr project planned at 200 MW (1,600 MWh) and the Busby project at 150 MW (1,200 MWh). Both projects are expected to deploy long-duration battery systems supplied by Eos Energy Enterprises, including its Z3 technology platform.
Read More
The US solar industry installed 7.8 GWdc of capacity in Q1 2026, a 27% decline from Q1 2025 and a 42% decline compared with Q4 2025. The residential segment installed 1,179 MWdc of solar capacity, increasing 6% year-over-year and declining 15% quarter-over-quarter. The commercial segment installed 523 MWdc, declining 4% year-over-year and 25% quarter-over-quarter. The community solar segment installed 247 MWdc, declining 4% year-over-year and 67% quarter-over-quarter. The utility-scale segment installed 5.9 GWdc, declining 34% year-over-year and 45% quarter-over-quarter.
Read More
The offshore wind sector in the UK has experienced a year of significant progress, policy innovation and industrial expansion, reinforcing the country’s position as a leading market. Against a backdrop of heightened geopolitical uncertainty and renewed focus on energy security, the government has accelerated efforts to expand offshore wind deployment, strengthen domestic supply chains and reform the electricity system to integrate much larger volumes of renewable generation. The UK has also continued to make progress in floating offshore wind, with the AR7 auction securing two commercial-scale floating projects.
Read More
California’s electricity demand is projected to rise sharply driven by the rapid expansion of large data centres, industrial growth, as well as transport and building electrification. Meeting this demand will require installed capacity additions of over 74 GW and 107 GW, respectively. These additions are also critical to achieving the state energy goals established under the Senate Bill (SB) 100, which mandates a renewables share of 50 per cent by 2026, 60 per cent by 2030 and 100 per cent by 2045. In April 2026, CAISO released its draft 2025-26 Transmission Plan, recommending 38 transmission upgrades with an estimated total cost of $7 billion, phased in over lead times of up to 8-10 years and translating to approximately 0.5 cents per kWh over the life of the projects.
Read More
ENGIE and European Energy have signed an agreement to develop a large-scale renewable hydrogen project in Aabenraa Municipality, Denmark. The project will feature an electrolyser with a capacity of up to 150 MW and is planned to connect to the future Danish-German Hydrogen Backbone infrastructure. The facility will be developed close to an industrial-scale e-methanol plant, owned by Mitsui & Co. and European Energy.
Read More
Pacifico Energy Korea has signed a memorandum of understanding (MoU) with Hana Bank and Hana Securities to explore financing solutions for the 3.2 GW Jindo Offshore Wind Project Cluster in South Korea. The MoU will involve the three parties collaborating on funding strategies covering the development, construction and operation phases of the offshore wind portfolio, while also developing a financing model for Korea’s offshore wind industry.
Read More
Sembcorp Industries has completed the full acquisition of Alinta Energy. The acquisition was completed through Sembcorp’s wholly owned subsidiaries – Sembcorp Energy Australia Pty Ltd and Sembcorp Energy Australia Pte Ltd. The acquisition follows Sembcorp’s announcement in December 2025 to acquire Alinta from Chow Tai Fook Enterprises. Alinta Energy has been under the ownership of Chow Tai Fook since 2017.
Read More
Germany’s Federal Network Agency has released the results of the onshore wind and innovation auction. The onshore wind auction awarded approximately 2.5 GW across 270 winning bids from 628 submissions totaling roughly 6.4 GW, significantly oversubscribing the 2.5 GW tender. Successful bid prices ranged from 4.44 ct/kWh to 5.19 ct/kWh, with a volume-weighted average of 5.06 ct/kWh, down from 5.54 ct/kWh in the previous round.
Read More
Acwa Power Philippines has signed a lease agreement with the Bases Conversion and Development Authority (BCDA) to develop a utility-scale solar and battery energy storage system (BESS) project in New Clark City. The project is expected to reach up to 500 MW of solar PV and battery storage capacity upon full development, subject to regulatory approvals and future expansion phases.
Read More
RWE and Meta have signed a long-term power purchase agreement (PPA) for the 298 MWac Rabbit’s Foot Solar project in Bowie County, Texas. The project is currently under construction and is expected to commence commercial operations by the end of 2027. Once operational, the facility will supply clean electricity to support Meta’s commitment to matching its operations with 100 percent renewable energy.
Read More
Masdar has agreed to acquire a 49.99 percent stake in Repsol’s 705 MW renewable energy portfolio in Spain in a deal valuing the assets at €849 million. The portfolio comprises 13 wind farms with a combined capacity of 402 MW and 6 solar parks totaling 303 MW, all of which became operational in 2025 and the first quarter of 2026. It also includes a pipeline of more than 565 MW of potential hybrid projects involving wind, solar and battery storage.
Read More