Econergy has signed financing agreements of approximately €229 million for its Părău 2 hybrid project in Romania. The project combines a 342 MWp solar plant with a 150 MW co-located battery energy storage system (BESS). The project is currently under construction and is expected to commence operations in late 2027 or early 2028. Financing close of the project is expected to be completed by November 2026.
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Sungrow has partnered with GOLDBECK SoLAR on a utility-scale solar project in Poland, alongside an agreement for a battery energy storage system (BESS) pipeline. The solar framework spans Dobrowo, Kikowo and Sidlowo, Poland. The solar project has an installed capacity of 722 MWp while the BESS pipeline is of 1 GWh capacity. Sungrow will supply 1+X utility inverters and medium-voltage solutions for the project.
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Singapore’s Energy Market Authority (EMA) has granted conditional approvals to Sembcorp Utilities Pte Ltd and Southern Solar Alliance Pte Ltd to import a combined 900 MW of electricity from Peninsular Malaysia. Sembcorp Utilities has received approval for a proposed capacity of 300 MW, while Southern Solar Alliance, a wholly owned subsidiary of Malaysian developer Ditrolic Energy Holdings Sdn Bhd, has received approval for 600 MW.
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BW ESS has acquired the Yanco battery energy storage system (BESS) project in New South Wales, Australia. The project has been acquired from ACEnergy. The project has an installed capacity of 250 MW/1,200 MWh and will connect to the Yanco 132 kV substation. Project construction is expected to commence later in 2026, with commercial operations targeted for 2028.
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Noon Energy and Sabanci Renewables have signed an agreement to co-develop up to 1 GW/100 GWh of ultra-long-duration battery energy storage projects in US. The projects will provide round-the-clock clean power for AI infrastructure. The projects will combine Sabanci’s renewable generation with Noon’s reversible electrofuels battery technology, structured through power purchase agreements.
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Scatec has reached commercial operations date for the second phase of the Obelisk solar and battery storage project in Egypt. The second phase of the project adds 564 MW of solar capacity, taking the total project solar capacity to 1.1 GW alongside the 100 MW/200 MWh BESS. The project is expected to generate more than 3,000 GWh of clean electricity annually which will be supplied to the Egyptian Electricity Transmission Company.
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Arevon Energy has commenced operations of the Nighthawk battery energy storage system (BESS) project. The project is located in Poway, California. The project has an installed capacity of 300 MW/1,200 MWh. The project uses lithium iron phosphate battery technology. The project can provide enough energy to power up to 385,000 homes for up to four hours duration.
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ContourGlobal has signed a 3 GWh battery energy storage system (BESS) supply agreement with CATL. The agreement spans across projects located in the UK, Greece and Chile. The deal covers 526 containers of 5.64 MWh each, all configured for four-hour discharge. The systems will use CATL’s liquid-cooled, containerized BESS technology based on large-format lithium iron phosphate cells.
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Verdant Energy and Aura Power Developments Limited have merged to create an independent power producer focused on solar and battery energy storage systems (BESS) in UK. The combined platform brings together Verdant’s operating and under-construction solar and BESS assets with Aura Power’s complementary contracted portfolio. The platform will have around 1 GW of solar and BESS capacity.
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Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has reached final investment decision (FID) and financial close on La Esperanza hybrid project located in Campeche, Mexico. The project comprises a 420 MWdc solar project with a 150 MW/750 MWh five-hour duration battery energy storage system. Project construction is currently underway, with commercial operations expected to commence in 2028.
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Utilitas Wind has commenced construction of the 117 MW Lode hybrid renewable energy park located in Valmiera municipality, Latvia. The project comprises 18 Vestas wind turbines of 6.5 MW each, delivering a total installed wind capacity of 117 MW. The project will also include a 60 MW/240 MWh battery energy storage system (BESS). The wind farm is expected to generate around 330 GWh of electricity annually.
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The European Commission has approved a €59 million state aid scheme in Slovenia. The funding aims to support the installation of at least 370 MWh of new stand-alone battery energy storage capacity (BESS) across. The scheme was approved under the Clean Industrial Deal State Aid Framework (CISAF) which was adopted by the European Commission on 25 June 2025.
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The Clean Energy Finance Corporation (CEFC) has committed $100 million to support Australia’s mid-scale clean energy transition. The investment will be deployed in partnership with Infradebt under the Distribution Connected Accelerator Program (DCAP). The program aims to finance the development of up to 16 hybrid solar, battery energy storage, and battery retrofit projects.
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ContourGlobal has commenced construction of the Los Maitenes hybrid renewable energy project in Chile. The project will combine 131 MWp of solar photovoltaic (PV) capacity along with a 90 MW/360 MWh battery energy storage system (BESS). Furthermore, the project is expected to generate around 220 GWh of clean electricity annually. Project completion is expected by the end of 2027.
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Sonnedix has secured €730 million in financing for renewable energy projects across France, Italy, Portugal and Spain. The financing will be used for the refinancing, optimisation and construction of the projects across the four countries. The financing covers around 540 MW of solar capacity and two battery energy storage system (BESS) projects.
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Utility-scale batteries are particularly well suited to energy arbitrage, whereby they charge during periods of low or negative prices and discharge during periods of high prices. This is their primary source of revenue. They are also the leading providers of frequency control ancillary services (FCAS), including regulation services and contingency reserves that help maintain system frequency close to 50 Hz. These services require rapid response times, giving lithium-ion batteries a significant competitive advantage. Batteries typically charge during periods of strong daytime solar generation and low electricity prices, then discharge during the evening when solar output declines and demand remains elevated, enabling energy arbitrage while supporting grid stability and limiting curtailment.
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Brookfield has launched Lumara, a new renewable energy platform focused on accelerating the development and construction of renewable energy projects. The platform aims to address key market bottlenecks, including delays in power purchase agreement contracting, slow grid connection queues, and prolonged land acquisition timelines. Lumara will deploy approximately $600 million, anchored by an initial portfolio of more than 6 GW across solar, wind, and battery energy storage system projects.
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Eolian has commenced construction of the Flint Grid Project located in Licking County, Ohio. The project includes a 200 MW grid-scale battery energy storage system (BESS). The project is also located adjacent to the New Albany data centre and industrial load, and will provide more than five hours of energy storage. Furthermore, the project has qualified for the PJM capacity market and the 2027/28 PJM Residual Capacity Auction.
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RWE has commenced construction of a battery energy storage system (BESS) project at the Hambach opencast mine near Niederzier in Germany. The project has an installed capacity of 236 MW/470 MWh. Preparatory work for the project commenced at the end of 2025. The first of 128 lithium-ion battery containers for the project has already been delivered to the project site.
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ContourGlobal has signed a long-term power purchase agreement (PPA) with Tesla for Project Sterling in Arizona. The project features a 450 MWac solar PV and 360 MW/1.4 GWh of four-hour duration battery energy storage system. The project is expected to generate more than 1.1 TWh of electricity annually. The agreement covers approximately 1 TWh of electricity annually, representing about 90 per cent of the project’s output.
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