Category: Big Moves

Foxconn and Brookfield to develop 1 GW renewables in Vietnam

Foxconn and Brookfield have partnered to develop renewable energy projects in Vietnam to support Foxconn’s operations and supply chain partners. The collaboration aims to develop up to 1 GW of utility-scale wind, solar, and battery storage capacity across the country. The projects will be backed by long-term power purchase agreements and jointly managed by both companies.

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EBRD finances 400 MW renewables across south-east Europe

The European Bank for Reconstruction and Development (EBRD) is providing a €175 million loan to Public Power Corporation (PPC) to support renewable energy development across Bulgaria, Greece, and Romania. The financing will help develop approximately 400 MW of new wind and solar capacity across the three countries. The financing is backed by the EU-supported InvestEU. 

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Google and Voltus sign 100 MW VPPA in US

Voltus has signed a three-year bring your own capacity (BYOC) agreement with Google. Under the agreement, Voltus will aggregate up to 100 MW of distributed energy resources annually across the PJM grid region. The Google-funded virtual power plant will combine assets such as batteries, smart thermostats, and other flexible energy resources from homes and businesses.

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Fidra acquires up to 1 GW BESS project in UK 

Fidra Energy has acquired the Enderby battery energy storage (BESS) project from Innova in Leicestershire, UK.  Once operational, the project is expected to deliver up to 1,025 MW of storage capacity. The acquisition expands Fidra Energy’s UK battery storage pipeline to more than 4 GW. The project received planning consent in May 2025, with a regulatory decision expected in summer 2026.

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SEG Solar to build 4.6 GW solar module factory in Texas 

SEG Solar has announced plans to build a 4.6 GW solar module manufacturing facility in Greater Houston, Texas. The facility will increase SEG’s US solar module manufacturing capacity to 10.6 GW and will support next-generation heterojunction (HJT) solar module production. The facility’s construction is expected to be completed by March 2027 with commercial operations commencing in May 2027. 

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BII and CIP launch $300 million Indian clean energy platform

BII has announced the launch of North Star. It is a $300 million platform aimed at accelerating the development of clean energy in India. BII will invest $150 million in the platform, while another $150 million will be provided by Copenhagen Infrastructure Partners through its Growth Markets Fund II. The platform is the first investment under British Climate Partners, a £1.1 billion climate finance initiative launched by BII.

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OnPath Energy to invest £1 billion in Scottish onshore wind

OnPath Energy has planned to invest around £1 billion for onshore wind project developments in partnership with Wilson Forest Products over the next five years. This includes the development of the Bankend Rig II, Bankend Rig III, and Hawkwood Wind Farm projects in Southern Scotland. The projects will include a total of 18 turbines with a combined generation capacity of 121 MW and will generate enough electricity to supply around 150,000 homes annually. 

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Ford and EDF sign upto 4 GWh BESS supply agreement

Ford Motor Company, a subsidiary of Ford Energy andEDF Power Solutions North America have signed a five-year framework agreement for large-scale battery energy storage (BESS) procurement in US. Under the agreement, EDF may procure up to 4 GWh of DC Block BESS annually from Ford Energy. The partnership represents a total potential deployment volume of up to 20 GWh over the five-year term.

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European Energy begins construction on Sicilian AgriPV project

European Energy has commenced construction of a 225.5 MW agrivoltaic project in Sicily, Italy, following a final investment decision of more than €200 million. The project is expected to generate around 405 GWh of electricity annually, sufficient to power more than 135,000 households. European Energy will manage engineering, procurement and construction activities. The project is part of European Energy’s portfolio supported under Italy’s FER X Transitional Contract for Difference auction scheme.

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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. 

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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. 

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Flower advances its 400 MWh BESS project in Hamburg 

Flower has advanced its internally developed battery energy storage system (BESS) project located in Bergedorf, Hamburg, to ready-to-build status after securing land, grid connections, and permits. The project has an installed capacity of 100 MW/400 MWh. The project is expected to commence operations in late 2028 and represents a major step in the company’s expansion strategy in Germany.

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New York launches a new onshore renewable energy tender

The New York State Energy Research and Development Authority (NYSERDA) has launched the 10th annual Renewable Energy Standard solicitation, RESRFP26-1, to accelerate clean energy deployment across New York. The solicitation, issued on April 24, 2026, seeks Tier 1-eligible renewable energy certificates (RECs) from projects with a near-term path to commercial operation. The procurement process will follow a two-step structure comprising a step one eligibility application and a step two competitive bid proposal process.

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EWEC and Masdar join forces for 30 GW solar and 8 GW BESS

Emirates Water and Electricity Company (EWEC) has signed a collaboration framework agreement (CFA) with Masdar to accelerate the development of renewable energy projects across the UAE. The agreement supports EWEC’s plans to deploy more than 30 GW of solar PV capacity and over 8 GW of battery energy storage aligning with Abu Dhabi’s Clean Energy Strategy 2035 and the UAE Net Zero 2050 initiative. 

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CIP launches Perigus post Ørsted deal

CIP has launched Perigus Energy following the acquisition of Ørsted’s European onshore renewables business through its fifth flagship fund Copenhagen Infrastructure V (CI V). Perigus Energy currently has 826 MW of operational and under-construction renewable energy capacity. Perigus Energy will develop, build, and operate onshore wind, solar, and battery storage projects across Ireland, Germany, the UK, and Spain.

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