rPlus Energies has secured the close of tax equity financing commitment with RBC Community Investments and a syndicate of investors. The tax equity financing commitment exceeds $500 million and will support the Green River Energy Center, situated in Emery County, Utah. It is a solar-plus-storage project. The Green River Energy Center includes 400 MWac of solar PV and 400 MWac/1,600 MWh of battery storage.
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Enfinity Global has sold 49 per cent stake in two battery energy storage system (BESS) projects to Daiwa Energy & Infrastructure Ltd. (DEI). The projects have a total capacity of 380 MW. Enfinity Global will retain a 51 per cent controlling stake and will complete the development, construction, and serve as the long-term asset manager for the two projects. The first project is a 250 MW BESS with a two-hour duration and 500 MWh capacity.
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TotalEnergies has acquired a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects with a capacity of 85 MW from Low Carbon. The solar projects are in the advanced stage of development and are expected to be operational by 2028. Furthermore, the solar projects will produce over 350 GWh/year of renewable electricity. The renewable electricity produced is equivalent to the electricity consumption of around 1,00,000 UK households.
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Scatec ASA has secured preferred bidder status for the Haru BESS battery energy storage project. The project has a capacity of 123 MW/492 MWh and is situated in South Africa. The preferred bidder status has been secured in the third bid window of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP) by South Africa’s Department of Mineral Resources and Energy.
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The report “The State Of Clean Energy Manufacturing” by American Clean Power summarises that American clean power is leading a manufacturing renaissance across the country. Solar cells and modules made in Ohio, manufactured steel in New Mexico, advanced batteries in West Virginia, offshore service vessels built in Louisiana, and wind turbine blades in Iowa are just a few examples of the output from the 200 manufacturing facilities actively building primary clean power components to supply booming U.S. demand for new energy.
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RGE and TotalEnergies have entered into a co-investment agreement to develop, build, and operate a solar photovoltaic power plant with a battery energy storage system in Riau Province, Indonesia. The two companies have entered into this agreement through their equally owned joint venture, Singa Renewables. The utility-scale project will be constructed in phases. Upon completion, the project will provide clean solar energy export to Singapore.
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OCI Energy, CPS Energy, and LG Energy Solution Vertech, which is the US energy storage division of LG Energy Solutions, have inked a memorandum of understanding (MoU) for the Alamo City battery energy storage system (BESS) project. The project has a capacity of 120 MW/480 MWh and is currently under development in Bexar County, Texas. OCI Energy is the project developer. The project is expected to reach commercial operation in 2027.
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Sungrow and Globeleq have inked a BESS supply and a 15-year long-term service term sheet for the Red Sands battery energy storage system (BESS) project. The project is situated in South Africa and has a capacity of 153 MW/612 MWh. The project is a part of South Africa’s inaugural Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). It is expected to reach financial close in 2025 and will begin operations in 2027.
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Metlen Energy & Metals (METLEN) has inked new engineering, procurement, and construction (EPC) contracts for renewable energy projects in UK with a combined capacity of 313.4 MW. The contracts are for five solar parks and one battery energy storage system (BESS). Construction on the projects is set to commence at various stages throughout 2025, and all units are expected to be completed by the end of 2026.
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BW ESS has secured debt financing for the 100 MW/331 MWh Bramley battery energy storage system (BESS) asset in Bramley, Hampshire. Under this agreement, the Australian bank Westpac and UOB will contribute 50 per cent each for the debt facility. The transaction follows a competitive financing process. The BESS project benefits from a market-first seven-year tolling agreement with Shell Energy Europe. It was inaugurated in February 2025.
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Sungrow has inked an agreement with Zelestra to provide battery storage technology for a battery energy storage system (BESS) project being delivered in Latin America. Under the agreement, Sungrow will provide its PowerTitan 2.0 liquid-cooled BESS and its MV power conversion units for the BESS project with a storage capacity of 1 GWh. The project forms part of the hybrid Aurora scheme in Tarapacá, Chile, which is currently under construction.
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With the rise of clean energy technologies, renewables in the region are set to grow exponentially to meet increasing demand. There is no better time than now for ASEAN member countries to focus on stronger grids to keep pace with competition for foreign investments with requirements for clean energy, namely modernisation, expansion, adoption of flexibility options, regional integration, market reforms, and mobilisation of finance. Additionally, ASEAN’s commitment to ensure all member countries grow together means market-level development in the renewable energy sector is fuelling larger demand for interconnections. Sharing of renewable energy resources will happen at a more rapid pace in the future. Grids and interconnections, as enablers of these evolving dynamics, will bring cost reduction potential, faster net-zero emission vision, enhance energy security, attract more investment and create more jobs.
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ENGIE North America (ENGIE) has formed a partnership with funds managed by CBRE Investment Management (CBRE IM) for a portfolio of battery storage assets across Texas and California. The 2.4 GW portfolio encompasses 31 operational projects in the Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) territories. ENGIE will retain a controlling stake in the portfolio.
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NHOA Energy and ENGIE have commenced construction on a 400 MWh battery energy storage system (BESS) in Kallo, located in the municipality of Beveren. The project is being executed by NHOA Energy under a supply contract and long-term service agreement with ENGIE. The project stems from ENGIE’s successful participation in the fourth Capacity Remuneration Mechanism (CRM) auction conducted by Elia, Belgium’s transmission system operator.
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Aypa Power has secured $535 million in debt financing to support the development of its Vidal hybrid renewable energy project, located in San Bernardino County, California. The project comprises a 160 MW solar photovoltaic facility co-located with a 160 MW/640 MWh battery energy storage system (BESS). The project is scheduled to become operational in 2026.
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Northland Power has commenced commercial operations at the 250 MW/1,000 MWh Oneida Energy Storage Project, located in Haldimand County, Ontario. This project is the company’s first operational energy storage asset in Canada. The project was completed at a final cost of approximately $700 million, below the initial estimate of $800 million set at financial close in 2023.
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Octopus Energy Generation, the renewables investment arm of Octopus Energy Group, has acquired Hamburg-based green energy developer MN projects GmbH, adding a 2 GW pipeline of solar and battery storage projects in Germany to its portfolio. MN projects is currently developing over 70 renewable energy sites across the country, with the first projects ready for construction and more expected to reach that stage over the coming months and years.
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The energy storage platform backed by Stonepeak and CHC has secured 20-year fixed revenue contracts for five BESS projects. These projects have a total capacity of 348 MW and were awarded in Japan’s latest long-term decarbonisation auction. This is the platform’s second consecutive success in the government tender.
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AXA IM Alts has signed an agreement to acquire a 50 per cent stake in Coalburn 1 project from Copenhagen Infrastructure Partners (CIP). Coalburn 1 is a 500 MW and two-hour duration lithium-ion BESS facility. The project is located in South Lanarkshire, in southern Scotland. The agreement will take effect upon the site’s commissioning. The project is expected to begin commercial operations in early 2026.
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As the electricity sector relies more on variable energy sources like wind and solar, grid-connected energy storage will become increasingly important to support reliable electricity supply. Storage can transfer electricity generated during hours when renewable energy is plentiful to meet demand at other times of the day. Grid-scale storage specifically can also provide key grid services, such as reserve power, frequency response, and flexible ramping, to support grid stability. As the needs of the grid evolve, storage can provide effective solutions, but it does not always fit neatly into the market designs and operating practices in the electricity sector. This extract focuses on policies in place and under discussion that could have an impact on grid-scale storage deployment and the market structures that affect storage operations and incentives.
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