Category: Hybrids and Energy Storage

Pacific Green divests 100 per cent stake in BESS project in Australia

Pacific Green divests 100 per cent stake in BESS project in Australia

February 25, 2025 | , ,

Pacific Green has inked binding documents to sell 100 per cent of its shares in the Limestone Coast North Energy Park to Intera Renewables. This transaction is valued at $ 293 million. The Limestone Coast North Energy Park is a 250 MW/ 500 MWh battery energy storage system (BESS) project located at the Limestone Coast region of South Australia. Furthermore, as part of this transaction, Pacific Green will be retained to manage the project’s construction until it reaches commercial operations.

Read More
BYD inks 12.5 GWh energy storage contracts in Saudi Arabia

BYD inks 12.5 GWh energy storage contracts in Saudi Arabia

February 20, 2025 | , ,

BYD Energy Storage and Saudi Electricity Company have inked 12.5 GWh of grid-scale energy storage project contracts. This new contract along with a previously delivered 2.6 GWh project combines to a total of 15.1 GWh of projects between the two companies. The battery energy storage system (BESS) equipment for the projects will be deployed across five sites in the country. Furthermore, BYD Energy Storage will supply MC Cube-T ESS that adopt cell-to-system (CTS) super-integrated technology.

Read More
Constantine Energy Storage and Habitat Energy partner for 462 MWh BESS projects in UK

Constantine Energy Storage and Habitat Energy partner for 462 MWh BESS projects in UK

February 19, 2025 | , ,

Constantine Energy Storage has partnered with Habitat Energy for optimisation of three new transmission-connected battery energy storage systems (BESS) in the UK. The three projects are the Ocker Hill near Birmingham, the Whitegate near Manchester, and the Monk Fryston near Leeds. Furthermore, each of these projects has a capacity of 57 MW and a 2.7 hour battery energy storage system. They have 171 MW/462 MWh of flexible capacity in total. These projects are expected to become operational by the summer of 2025.

Read More
Hydrostor secures $200 million to develop compressed air energy storage projects 

Hydrostor secures $200 million to develop compressed air energy storage projects 

February 17, 2025 | , ,

Hydrostor has secured a $200 million investment for the development of Advanced Compressed Air Energy Storage (A-CAES) projects in Canada and around the world. This investment was secured from Canada Growth Fund (CGF), Goldman Sachs Alternatives, and Canada Pension Plan Investment Board (CPP Investments). The investment includes a $150 million convertible note financing commitment from these investors. Additionally, CGF has provided a $50 million convertible development expenditure loan facility.

Read More
Enel North America commences operation of solar plus storage project in Texas

Enel North America commences operation of solar plus storage project in Texas

February 12, 2025 | , , ,

Enel North America has commenced operations of the Estonian solar-plus-storage plant which is situated in Delta County, Texas. This solar plus storage project consists of a 202 MW solar photovoltaic facility along with a 104 MW battery energy storage system. Furthermore, Estonian Solar is supported by a power purchase agreement (PPA) with BXP Inc. and Capri Holdings Limited. The project is expected to generate approximately 499 GWh of clean electricity each year.

Read More
CIP begins construction of 240 MW BESS project in Australia 

CIP begins construction of 240 MW BESS project in Australia 

February 11, 2025 | , ,

Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, has commenced construction of the 240 MW/960 MWh Summerfield battery in Australia. This decision follows the financial investment decision made in September 2024. The project is situated in South Australia near existing transmission infrastructure. Furthermore, Summerfield has entered into a 10-year offtake agreement with Origin Energy.

Read More
BrightNight and Cordelio Power ink PPA with Arizona Public Service  

BrightNight and Cordelio Power ink PPA with Arizona Public Service  

February 7, 2025 | , ,

BrightNight and Cordelio Power have inked a power purchase agreement (PPA) with Arizona Public Service (APS). Under this agreement, APS will procure carbon-free energy from BrightNight and Cordelio’s clean energy center. This is a hybrid facility featuring 300 MW of solar capacity and 1,200 MWh of battery energy storage. The facility will deliver reliable, affordable, and clean electricity to APS customers, support the region’s growing energy needs, and enhance grid resilience. 

Read More
Enfinity Global adds 425 MW of BESS projects to its portfolio in US

Enfinity Global adds 425 MW of BESS projects to its portfolio in US

January 31, 2025 | , ,

Enfinity Global has expanded its battery energy storage systems (BESS) portfolio through two new projects in Texas. These projects have a total power capacity of 425 MW. Construction of these projects is expected to commence in the second and fourth quarters of 2025. These new additions will bring the company’s total BESS pipeline in US to 6.6 GW. Furthermore, these projects have a combined capacity of 850 MWh and a two-hour duration.

Read More
Plenitude to acquire solar and storage plants from EDP Renewables in US

Plenitude to acquire solar and storage plants from EDP Renewables in US

January 20, 2025 | , , ,

Plenitude, through its US subsidiary Eni New Energy, has inked an agreement with EDP Renewables North America LLC. Under this agreement, Plentitude will acquire a 49 per cent equity stake in two photovoltaic plants and an electricity storage facility currently under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, as well as the Sandrini BESS storage facility.

Read More
Statera acquires 680 MW BESS project in England

Statera acquires 680 MW BESS project in England

January 14, 2025 | , ,

Statera Energy has acquired a 680 MW battery energy storage system (BESS) project at Trafford Low Carbon Energy Park in Greater Manchester. The project is known as Carrington Storage and is expected to be fully energised in 2026. The project will be over twice the size of Statera’s upcoming 300 MW Thurrock Storage project. Furthermore, Carrington Storage will account for nearly a quarter of the installed energy capacity of the UK’s operational BESS fleet.

Read More
CIP and Alcemi announce FID for BESS project in Scotland

CIP and Alcemi announce FID for BESS project in Scotland

January 10, 2025 | , ,

Copenhagen Infrastructure Partners (CIP) has reached a final investment decision (FID) for two energy storage projects in Scotland. This investment decision is being made through CIP’s flagship fund, CI IV. These projects have a capacity of 500 MW / 1,000 MWh each. The projects are being developed as part of Alcemi’s partnership with CIP to deploy 4GW of energy storage projects across the UK at strategic locations.

Read More
Grenergy secures $324 million financing for Oasis de Atacama battery project in Chile

Grenergy secures $324 million financing for Oasis de Atacama battery project in Chile

January 9, 2025 | , ,

Grenergy has secured approximately $324 million in financing for a battery project Oasis de Atacama. The company has secured this financing for phase four of the project named Gabriela from international financial institutions BNP Paribas, Natixis Corporate & Investment Banking, Société Générale, Bank of Nova Scotia, and SMBC. This phase has an estimated capacity of 269 MW of solar and 1.1 GWh of storage.

Read More
AMEA Power secures BESS projects in South Africa

AMEA Power secures BESS projects in South Africa

January 8, 2025 | , ,

AMEA Power has secured two Battery Energy Storage System (BESS) projects under Bid Window 2 of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). This programme was organised by South Africa’s Department of Electricity and Energy. The two projects are the Gainfar project and the Boitekong project each with a capacity exceeding 300 MWh.

Read More
ContourGlobal acquires solar plus storage project in US

ContourGlobal acquires solar plus storage project in US

January 3, 2025 | , , ,

ContourGlobal has acquired a solar plus storage project in US. The project is currently in its advanced stage and will be developed in two phases. It will feature a combined capacity of 567 MWp of solar PV and 321 MW/1.3 GWh of BESS. Once completed, it will provide a total hybrid capacity of 888 MW. Furthermore, the project is connected to Arizona’s WAPA grid and includes firm transmission rights to deliver power to CAISO.

Read More
Enlight Renewable Energy secures financing for solar and energy storage projects in US

Enlight Renewable Energy secures financing for solar and energy storage projects in US

December 26, 2024 | , ,

Enlight Renewable Energy Ltd. has secured debt financing for the Roadrunner project located in Arizona, US.  As a part of this debt financing, Enlight through its subsidiary Clenera Holdings LLC, has entered into a $550 million loan agreement with four global banks: BNP Paribas Securities Corp, Crédit Agricole, Natixis CIB, and Norddeutsche Landesbank Girozentrale (Nord/LB). This financing is expected to convert into a $290 million term loan and $320 million in tax equity funding upon the project’s COD.

Read More
LG Energy Solution Vertech to supply 7.5 GWh energy storage to Excelsior Energy Capital

LG Energy Solution Vertech to supply 7.5 GWh energy storage to Excelsior Energy Capital

December 24, 2024 | , ,

LG Energy Solution Vertech has inked a multi-year agreement with Excelsior Energy Capital to deliver 7.5 GWh of fully integrated lithium-ion energy storage projects. These projects will be supported by integration and lifecycle services provided by LG Energy Solution Vertech. Under this agreement, all projects will meet the US domestic content requirements. The first delivery is scheduled for April 2026.

Read More
Role of BESS in Achieving 82% Renewables in Australia by 2030

Role of BESS in Achieving 82% Renewables in Australia by 2030

December 19, 2024 | , ,

This extract is from a recent report by Climate Energy Finance. The report highlights the rapid progress in Australia’s electricity sector transition, emphasising that the nation is on track to achieve its ambitious target of 82% renewable energy by 2030. It underscores the pivotal role of sustained investment, strong policy support, and streamlined planning, evaluation, and approval processes. In particular, it highlights the growing importance of Battery Energy Storage Systems (BESS) in ensuring grid stability and supporting the integration of renewable energy into the electricity network.

Read More
CREC and Sungrow partner for 1.5 GWh BESS project

CREC and Sungrow partner for 1.5 GWh BESS project

December 10, 2024 | , ,

Ciiticore Renewable Energy Corporation (CREC) has inked a supply and services agreement with Sungrow for the development of its Battery Energy Storage Systems (BESS). As a part of this agreement, CREC will procure 1.5 GWh of BESS from Sungrow to support its solar power projects. Sungrow will contribute to the project’s engineering and construction design to optimize the integration of BESS into CREC’s solar facilities.

Read More
ADB, Gulf ink $820 million loan for solar and battery storage in Thailand

ADB, Gulf ink $820 million loan for solar and battery storage in Thailand

December 3, 2024 | , , ,

The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited have finalised an $820 million loan to provide construction financing for 12 renewable energy projects in Thailand. The portfolio includes eight ground-mounted solar photovoltaic (PV) plants with a contracted capacity of 393 MW and four solar PV plants with battery energy storage systems totaling 256 MW of contracted capacity and 396 MWh of energy storage. 

Read More