Category: Hybrids and Energy Storage

HAU Energy and Infinity Power secure financing for solar with BESS project in Egypt

HAU Energy and Infinity Power have secured debt financing of up to $566 million for the development of the Nefer Minya solar photovoltaic project in Minya, Egypt. The financing package includes up to $265 million arranged by the European Bank for Reconstruction and Development (EBRD). The EBRD-arranged financing includes $160 million from its own funds, $75 million mobilised from the Bank of Jordan, and up to $30 million in concessional financing from the Clean Technology Fund.

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IGNIS sells 656 MW renewable energy portfolio in Italy 

IGNIS has completed the sale of a 656 MW portfolio of renewable energy projects in Italy. The portfolio has been acquired by flyRen Energy Group SpA, which is backed by Foresight Energy Infrastructure Partners II. The portfolio comprises 28 projects, including solar photovoltaic (PV), battery-hybrid, and wind projects at various stages of development. The sale is part of the company’s asset rotation strategy, with ValeCap serving as financial adviser and Green Horse Legal Advisory and DWF as legal advisers.

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METLEN and Karatzis Group inaugurate 790 MWh BESS in Greece

METLEN and Karatzis Group have inaugurated a standalone battery energy storage system (BESS) in Larissa, Thessaly, Greece. The facility has an installed capacity of 330 MW/790 MWh. The project was developed through a joint investment vehicle in which METLEN and Karatzis Group hold 49 per cent and 51 per cent stakes, respectively. METLEN was responsible for the construction, operation, and maintenance of the facility.

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Leader Energy begins construction of 400 MWh BESS in Malaysia

Malaysia-based Leader Energy Group Berhad has commenced construction of a 100 MW/400 MWh battery energy storage system (BESS) in Pajam, Negeri Sembilan, with commissioning scheduled for 2027. The project is being developed under Malaysia’s Battery Energy Storage System bidding programme (MyBeST). Administered by Malaysia’s Energy Commission, MyBeST comprises four grid-connected BESS projects, each with 100 MW of power capacity and 400 MWh of storage capacity.

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Grenergy secures $457 million for solar and storage projects in Chile

Grenergy has secured $457 million in non-recourse senior financing for a portfolio of projects in Chile with a total solar capacity of 446 MW and energy storage capacity of 1.8 GWh. The financing covers Algarrobal, the fifth phase of the Oasis de Atacama project, which has 242 MW of solar capacity and 1,480 MWh of energy storage, and the Palmas cluster, comprising 21 distributed generation solar projects with a combined capacity of 204 MW and 289 MWh of storage.

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Enery and Coca-Cola sign hybrid PPA in Bulgaria

Enery and Coca-Cola HBC Bulgaria EAD have signed a long-term physical power purchase agreement (PPA) for the supply of renewable electricity from the Knizhovnik hybrid power plant in southern Bulgaria. Under the agreement, Enery will supply clean electricity generated locally from renewable sources to Coca-Cola HBC Bulgaria every year, based on a fixed solar generation profile.

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CIP refinances MaxSolar’s 1.3 GW clean energy portfolio

MaxSolar has secured €155 million HoldCo debt financing from funds managed by Copenhagen Infrastructure Partners (CIP). The facility will refinance MaxSolar’s existing HoldCo debt and provide additional capital for the development of its solar photovoltaic (PV) and battery energy storage system (BESS) portfolio in Germany. The financing will support an approximately 1.3 GW portfolio, of which 465 MW is already operational.

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Linea Energy closes financing for 500 MWh BESS in Texas

Linea Energy has closed project debt financing and secured a preferred equity commitment for the 250 MW/500 MWh Mesa View standalone battery energy storage system (BESS) in Upton County, Texas. The debt financing includes a construction-to-term loan, a tax equity bridge loan and a letter of credit facility. Furthermore, D.E. Shaw Renewable Investments provided the preferred equity commitment.

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Wärtsilä and RCT launch Valo in Australia

Wärtsilä and RCT Solutions GmbH have launched Valo, a new global battery energy storage system (BESS) integrator with 7.5 GWh of projects in Australia. The joint venture will provide end-to-end solutions for utility-scale battery energy storage projects. Wärtsilä’s Energy Storage business will contribute utility-scale storage technology, controls and optimisation software, system integration expertise and lifecycle services.

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Atmos Renewables reaches financial closure for 870 MW wind and BESS projects in Australia 

Atmos Renewables, the Australian renewables business of Igneo Infrastructure Partners, has reached financial closure on two projects supported by the Australian Government’s Capacity Investment Scheme (CIS). The projects are the 400 MW/1,600 MWh Teebar battery energy storage system (BESS) project in Queensland and the 470 MW Parron Maam Marang wind farm in Western Australia.

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Alight acquires 2 GW solar and storage pipeline from Soltech in Sweden

Alight has acquired a portfolio of 40 large-scale solar projects in southern Sweden from Soltech Energy Solutions. The acquired portfolio has a cumulative planned solar capacity of around 2 GW. Most of the projects also have options for co-located battery storage. The projects are located across Sweden’s SE3 and SE4 electricity price areas. The transaction has been completed following approval from the Inspectorate of Strategic Products.

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Germany awards 480 MW clean energy projects

Germany’s Federal Network Agency has announced results of its September 2026 innovation and biomethane auction. The innovation auction for solar photovoltaic combined with energy storage was significantly oversubscribed, attracting 53 bids totalling 678 MW against the 475 MW offered. Of these, 32 bids totalling 480 MW were awarded, with prices ranging from 4.50-5.40 ct per kWh and a volume-weighted average of 5.14 ct per kWh.

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New York awards 1.7 GW clean energy projects 

New York State Energy Research and Development Authority (NYSERDA) has awarded contracts to eight battery storage projects and 13 large-scale renewable energy projects. Together, these projects represent 1.7 GW of new capacity and over $3.7 billion in private investment. BESS projects will add 950 MW of capacity, with durations ranging from four to eight hours while the 13 renewable energy projects will add over 719 MW of capacity and comprise solar, onshore wind, and hydropower. The projects are expected to be operational by the end of 2030.

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ESR to acquire Aquila Clean Energy APAC 

ESR has signed an agreement to acquire 100 per cent of Aquila Clean Energy APAC from Aquila Group. Aquila Clean Energy APAC develops, owns and operates solar, battery storage and wind projects across Asia-Pacific. The platform has a 1.6 GW portfolio of operational, under-construction and advanced-development assets across Australia, New Zealand, South Korea, Japan and Taiwan.

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Greenvolt Power begins construction on 2.4 GWh BESS in Poland

Greenvolt Group, through Greenvolt Power, has commenced construction of the Siedlce battery energy storage system (BESS) in Poland. The project has an installed capacity of 600 MW/2.4 GWh and is part of Greenvolt’s 4.6 GW probability-weighted BESS pipeline, including around 2.4 GW in Poland. Commercial operations for the project are targeted by the end of 2027.

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Energy Vault acquires over 2.3 GW BESS projects in US

Energy Vault has acquired over 2.3 GW portfolio of 15 battery energy storage system (BESS) development projects from Goshe Energy Storage in US. The portfolio is anchored by two ready-to-build projects of 150 MW and 200 MW, totalling  350 MW. The projects are expected to commence operations in the first quarter of 2028. Furthermore, the projects are expected to   generate approximately $30 million in combined annual run-rate EBITDA.

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Taaleri Energia invests in 420 MWh BESS in Estonia

Taaleri Energia, through its SolarWind III Fund and KJK Fund III, has invested in the Raudsepa battery energy storage system (BESS) located in Estonia. The project has an installed capacity of 192 MW/420 MWh. The project construction will commence in September 2026 and will reach full operation by November 2027. Furthermore, the project, developed by Evecon and Corsica Sole, will feature LG Energy Solution batteries and Power Electronics inverters.

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GridStor reaches financial close for 400 MWh BESS in Arizona

GridStor has closed a $220 million financing agreement for the development of the White Tank battery energy storage system (BESS) in Maricopa County, Arizona. The project has an installed capacity of 100 MW/400 MWh. The project financing comprises tax equity bridge, construction and term debt with participation from ING Capital, KeyBank and Zions Capital Markets. Furthermore, the project will operate under a 20-year tolling agreement with Arizona Public Service and is expected to be commissioned in the first half of 2027.

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Actis launches Yeltica Energy in Mexico

Actis has launched Yeltica Energy, a greenfield renewable energy platform in Mexico. The platform targets more than 2 GW of solar, wind and battery energy storage system (BESS) capacity. The platform is anchored by three solar-plus-storage projects awarded under Mexico’s first Mixed Investment Tender by the Comisión Federal de Electricidad (CFE). These projects together comprise approximately 330 MWp of solar  photovoltaic and 255 MWh of BESS.

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