Trina Storage, the energy storage arm of Trinasolar, has finalised an agreement for a 50 MW/200 MWh battery energy storage system (BESS) project in Amyntaio, Western Macedonia, Greece. The BESS projects will be supplied on a full turnkey AC basis. It will include DC battery cabinets, power conversion systems (PCS), medium-voltage (MV) skids, and a power plant controller.
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Envision Energy has partnered with Statera Energy to deliver a 680 MW/1,360 MWh battery energy storage system (BESS) for the Carrington storage project in Greater Manchester in UK. The project, located at Trafford Low Carbon Energy Park, is expected to be energised by late 2026. It involves collaboration among several stakeholders, including Lloyds, Statkraft, NatWest, Santander, Siemens Bank, SEB, and Mizuho.
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Masdar has signed a battery storage service agreement with JSC Uzenergosotish to develop a standalone battery energy storage system (BESS) project in Uzbekistan. The 300 MW/600 MWh Zarafshan BESS project in Navoiy will be connected to the Murunau substation and forms the first phase of a broader national battery storage programme. The project is expected to be operational in the third quarter of 2028.
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Enlight Renewable Energy has finalised a $1.44 billion debt financing arrangement for its Snowflake A project located near Holbrook, Arizona. The project comprises 600 MW of solar generation with 1,900 MWh of energy storage capacity. It is scheduled to commence commercial operations in the second half of 2027. The project has a 20-year busbar power purchase and energy storage agreement with Arizona Public Service.
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Plus Power has secured $160 million in tax equity investments from Morgan Stanley for two standalone battery energy storage system (BESS) projects in New England. The financing includes $95 million for the 150 MW/300 MWh Cranberry Point energy storage facility in Carver, Massachusetts, and $65 million for the 175 MW/350 MWh Cross Town energy storage facility in Gorham, Maine.
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Clearway Energy Group has signed a 20-year power purchase agreement (PPA) and a 20-year energy storage agreement with the Public Utility District No. 2 of Grant County (Grant PUD) for the Royal Slope Energy Center project. The project is located in Grant County, Washington and comprises a 260 MW solar plant and a 260 MW battery energy storage system. It is expected to reach commercial operation by the end of 2027.
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Enlight Renewable Energy has finalised a tax equity financing agreement worth nearly $150 million for its Quail Ranch project in New Mexico. The financing was arranged through Wells Fargo Bank under a structure that includes a contribution of $131 million after the project reaches commercial operation, which is expected to rise to nearly $150 million over the first 10 years through pay-go contributions.
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Iberdrola has issued €1 billion in green hybrid bonds to refinance a hybrid bond maturing early next year. The bond, perpetual in nature, includes a repurchase option starting in August 2031 and carries a coupon of 3.75 per cent. The issuance complies with both the International Capital Market Association’s Green Bond Principles and the European Union Green Bond Standard. Investor demand for the issuance reached €8 billion.
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The European Bank for Reconstruction and Development (EBRD) has announced a financing package worth $142 million for two special-purpose vehicles (SPVs) developing a solar-plus-storage project in Uzbekistan. The project involves constructing 1,000 MW of solar photovoltaic capacity and 1,336 MWh of battery energy storage system (BESS) across two sites in the Samarkand and Bukhara regions.
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Austin Energy has entered into an agreement with Jupiter Power to supply up to 100 MW of electricity from a utility-scale battery energy storage system (BESS) project in Houston, Texas. The contract is valued at approximately $14.4 million per year, with a duration of up to 20 years. This amounts to a total of around $288 million over the contracted period. The BESS will store electricity during low-demand periods and release it when demand peaks.
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Pentagreen Capital is backing Citicore Renewable Energy Corporation (CERC) with a $55 million development and construction loan to support solar and battery energy storage system (BESS) projects in the Philippines. The financing will be used for the construction and development of solar, hybrid solar, and BESS projects with a cumulative generation capacity of up to 2 GW and storage capacity of up to 760 MWh.
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Bridge Renewable Energy has closed an $80 million delayed draw term loan facility along with a $5 million revolving credit facility. The facility primarily includes a construction-to-term loan, along with provisions for preferred equity bridge and tax credit bridge loan capacity. The financing has been arranged in partnership with Investec Bank, with additional commitments from Amalgamated Bank and Farmer Mac.
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Eos Energy Enterprises has entered into a supply agreement with MN8 Energy to provide up to 750 MWh of battery energy storage systems across a range of renewable projects in US. The partnership will utilise Eos’ next-generation Z3 energy storage systems to support projects designed to deliver dispatchable power for large energy consumers. The initial phase of deployment will include 200 MWh of BESS with 10-hour discharge.
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Atlas Renewable Energy has closed a $475 million financing package for the Copiapó solar project, a hybrid solar and battery energy storage system (BESS) located in Chile’s Atacama region. The company collaborated with BBVA, Banco de Crédito e Inversiones (BCI), Crédit Agricole Corporate and Investment Bank (CACIB), Natixis Corporate and Investment Banking (Natixis CIB), SMBC, and Société Générale to secure the financing.
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The trajectory of Chile’s lithium mining industry is important for both the global battery electric vehicle transition and the country’s sustainable economic development ambitions. The report explores the economic potential of lithium mining and estimates the additional revenue and job potential if Chile were to onshore additional parts of the battery production supply chain. Further, the analysis assesses the GHG emissions intensity, water consumption, and social impacts of lithium mining and battery production in Chile.
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Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure IV, has inked an agreement to sell a 50 per cent stake in the 500 MW Coalburn 2 battery energy storage system (BESS) project to funds managed by AIP Management. Located in South Lanarkshire, southern Scotland, Coalburn 2 is a two-hour duration lithium-ion storage facility currently under construction.
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Fluence Energy and Torch Clean Energy have announced a partnership for the Winchester solar-plus-storage project in Cochise County, Arizona. The project, being developed by Torch Clean Energy, will use Fluence’s Gridstack Pro 5000 energy storage system. The project will feature two identical battery energy storage systems (BESS) providing a combined capacity of 160 MW/640 MWh, alongside two 80 MW solar projects.
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Eolian has secured a $463 million financing package, arranged by Natixis Corporate & Investment Banking, to advance the construction of its Padua 2 and Padua 3 battery energy storage system (BESS) projects in Bexar County, Texas. The financing includes construction, term loan, and letter of credit facilities, ensuring both projects progress on schedule for commissioning between winter and spring 2026.
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Nexamp has closed a three-year $330 million construction warehouse facility (CWF) with a consortium of financial institutions to develop, construct, and finance around 20 distributed generation assets across US. The financing will facilitate the addition of more than 120 MW of new clean energy capacity to the national grid. The CWF provides flexible construction capital for Nexamp’s upcoming solar and battery energy storage projects.
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Enfinity Global has finalised an equity and development partnership with an unnamed European investor for the completion of a 486 MW battery energy storage system (BESS) project in Italy. The project, located in the Emilia Romagna region, will have a total storage capacity of 1,944 MWh with a four-hour duration. Enfinity Global will continue overseeing the permitting process to ensure timely project execution and commissioning.
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