Category: Big Moves

Statkraft and Hydro Energi sign 8.8 TWh PPA in Norway

Statkraft and Hydro Energi sign 8.8 TWh PPA in Norway

August 24, 2026 | , ,

Statkraft and Hydro Energi have signed a long-term power purchase agreement (PPA) in Norway. The agreement covers the supply of 876 GWh annually from 2031 to 2040, totalling to approximately 8.8 TWh over the contract period. The agreements will supply power to Hydro’s aluminium plants, with deliveries in NO5 electricity price area. The agreement follows two long-term PPAs signed by Hydro and Statkraft in April 2026 for the delivery of 0.9 TWh annually in 2029 and 2030, and 1.3 TWh annually from 2031 to 2038.

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Germany awards 2.1 GW solar projects

Germany awards 2.1 GW solar projects

August 18, 2026 | , ,

Germany’s Federal Network Agency has announced the results of the oversubscribed auction held in July 2026 for ground-mounted and non-building solar photovoltaic installations. The auction offered a total capacity of 2,135 MW. A total of 401 bids representing 3,170 MW were submitted, of which 48 bids were disqualified with 261 bids being successful in the pay-as-bid auction.

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Dimension Energy secures $857 million for US distributed solar projects

Dimension Energy secures $857 million for US distributed solar projects

August 17, 2026 | , ,

Dimension Energy has secured $857 million in additional financing to accelerate the expansion of its distributed solar platform. The financing package includes a $200 million increase in its corporate credit facility and $657 million in construction-to-term debt and tax equity financing. The financing will support 29 distributed solar projects totalling 149 MW across Illinois, New Jersey, New York, Pennsylvania and Virginia. 

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RWE secures approval for 1.1 GW Australian wind farm

RWE secures approval for 1.1 GW Australian wind farm

July 15, 2026 | , ,

RWE has received federal environmental approval for its 1.1 GW Theodore wind farm. The project is located in Central Queensland, Australia. The project secured State Development Approval in June 2025 and was awarded the Capacity Investment Scheme contract under Tender 7 in May 2026. The project, valued at A$3 billion, will comprise up to 170 wind turbines and a battery energy storage system (BESS).

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TotalEnergies divests European distributed solar portfolio 

TotalEnergies divests European distributed solar portfolio 

July 14, 2026 | , ,

TotalEnergies has completed the divestment of its 170 MW distributed solar portfolio, comprising mainly rooftop installations across seven European countries (France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg). The portfolio has been divested to Amarenco and AMPYR Distributed Energy. The divested assets will continue to be operated by Amarenco and AMPYR Distributed Energy.

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Shell sells 5 GWp Sprng Energy to Aditya Birla Renewables

Shell sells 5 GWp Sprng Energy to Aditya Birla Renewables

July 14, 2026 | ,

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has entered into an agreement to sell 100 per cent of Solenergi Power Private Limited, which includes the Sprng Energy platform, to Aditya Birla Renewables Limited. The deal is valued at $1.8 billion. The acquisition will be financed through a combination of debt and equity infusion from Grasim and funds managed by Global Infrastructure Partners. 

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EQT Infrastructure VII to acquire Copia Power in US

EQT Infrastructure VII to acquire Copia Power in US

July 13, 2026 | ,

EQT Infrastructure VII has agreed to acquire Copia Power from Carlyle in US. Copia Power develops integrated energy campuses that combine power generation, high-voltage transmission, and data centers at a single grid interconnection point. Copia has over 2.6 GW of energy generation and storage assets in operation or under construction and is developing more than 9 GW of grid-connected data centers supported by over 25 GW of solar and battery storage capacity.

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Polaris signs agreement for renewable energy projects in Mexico

Polaris signs agreement for renewable energy projects in Mexico

July 8, 2026 | , , ,

Polaris Renewable Energy has signed a 30-year mixed investment agreement with CFE for the development, financing, construction and operation of three renewable energy projects in Mexico. The portfolio comprises approximately 250 MWdc of solar capacity and 61.6 MW/192 MWh of BESS across Quintana Roo, Tlaxcala and Sinaloa. The projects include the 132.57 MWdc Los Girasoles solar project paired with 101.5 MWh of BESS, 91.06 MWdc of Solar Energía Tres Hermanos solar project paired with 71.6 MWh of BESS and 25.3 MWdc of  Don Humberto solar project along with 18.9 MWh BESS. 

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Metacon secures funding for green hydrogen project in Sweden

Metacon secures funding for green hydrogen project in Sweden

July 6, 2026 | , ,

Metacon AB has secured up to SEK 111 million in Klimatklivet funding to develop a 10 MW green hydrogen electrolysis plant at the Hovgården waste management facility in Uppsala, Sweden, covering 55 per cent of the SEK 202 million project cost. The facility is expected to produce around 1,480 tonnes of green hydrogen annually, supplying industrial users and hydrogen refuelling stations across Central Sweden.

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World Bank backs 300 MW pumped hydro project in Morocco

World Bank backs 300 MW pumped hydro project in Morocco

July 2, 2026 | , ,

The World Bank has approved $265 million to support the Ifahsa pumped hydropower storage project. The project has an installed capacity of 300 MW and is located near Chefchaouen in Morocco. The project will enhance grid flexibility and enable the integration of at least 1 GW of additional solar and wind capacity. The project is  also expected to attract around $1 billion in private investment while replacing approximately 3 TWh of fossil fuel-based electricity annually. 

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South Korea awards 1.7 GW offshore wind projects 

South Korea awards 1.7 GW offshore wind projects 

July 1, 2026 | , ,

South Korea has awarded five offshore wind projects totaling 1.78 GW in its first-half 2026 offshore wind auction. The auction attracted bids for 3.65 GW across nine projects, and achieved a competition ratio exceeding 2:1. The selected portfolio includes more than 1.2 GW of fixed-bottom capacity, 532 MW of floating offshore wind, and a 160 MW public-led project. 

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IPX gets $4.95 billion for California solar and BESS project 

IPX gets $4.95 billion for California solar and BESS project 

June 30, 2026 | , , ,

IPX Power has secured $4.95 billion in committed financing for the construction and operation of the Darden solar and storage projects located in Fresno County, California. The project will feature 1.15 GWac of solar capacity and 4.6 GWh of battery energy storage (BESS). Commercial operations for the project are expected to commence in 2028.

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KKR to acquire EDF’s US and Canada business

KKR to acquire EDF’s US and Canada business

June 29, 2026 | ,

EDF has signed an agreement under which KKR has agreed to acquire the US and Canadian operations and assets of EDF power solutions. The agreement is subject to regulatory approvals and employee consultation procedures. The agreement also grants EDF power solutions the option to sell these assets under the agreed terms. As of March 2026, EDF operates a renewable energy portfolio with a total net installed capacity of 5.6 GW across US and Canada.

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SunAsia and VinEnergo plan 422 MWp floating PV in Philippines

SunAsia and VinEnergo plan 422 MWp floating PV in Philippines

June 25, 2026 | , ,

SunAsia Energy Inc. and VinEnergo have partnered to develop a 422-MWp solar on Water portfolio across Pampanga and Negros Occidental, Philippines. The portfolio comprises three floating solar projects representing an estimated investment of $406 million. The projects are targeted for commercial operation between 2027 and 2028. Once operational, the projects are expected to generate clean electricity to power more than 278,000 homes annually.

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ContourGlobal acquires 2,000 MWh Wallace BESS in UK 

ContourGlobal acquires 2,000 MWh Wallace BESS in UK 

June 24, 2026 | , ,

ContourGlobal has entered the UK market with the acquisition of 500 MW/2,000 MWh Wallace battery energy storage (BESS) from a consortium of sellers including New Energy Partnership Limited. It is a four-hour-duration BESS. The project is expected to participate in the upcoming UK Capacity Market auction. The project also benefits from a full planning consent, a secured land option, and allocated Gate 2 status under the UK grid connection reform process. 

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Matrix Renewables secures $1.3 billion for US renewable portfolio 

Matrix Renewables secures $1.3 billion for US renewable portfolio 

June 23, 2026 | , , ,

Matrix Renewables has closed a $1.3 billion financing package for a US portfolio comprising 859 MWdc of solar and 167 MWh of battery energy storage projects (BESS) across Texas, California, and Idaho. The transaction includes over $470 million in construction-to-term loans, around $400 million in tax equity bridge financing, and approximately $100 million in letters of credit.

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Skyborn and Amazon sign 600 MW offshore wind PPA in Germany 

Skyborn and Amazon sign 600 MW offshore wind PPA in Germany 

June 22, 2026 | , ,

Amazon and Skyborn Renewables have signed a 600 MW power purchase agreement (PPA) for electricity from the Gennaker offshore wind farm. The project is located in the German Baltic Sea and will add up to 976.5 MW of offshore wind capacity to Germany’s power system. The project will feature 63 offshore wind turbines rated at 15 MW each. Project construction is expected to commence following financial close in summer 2026, with commercial operations targeted for late 2028.

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BLT Energy secures approval for 4,800 MWh Australian BESS

BLT Energy secures approval for 4,800 MWh Australian BESS

June 18, 2026 | , ,

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.

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A.P. Moller to acquire Mainstream Renewable Power South Africa 

A.P. Moller to acquire Mainstream Renewable Power South Africa 

June 18, 2026 | , , , ,

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. 

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