Trinasolar has announced plans to expand its hybrid solar initiatives across Southeast Asia (SEA) after successfully launching Malaysia’s largest hybrid solar project. The hybrid project is located in Merchang, Terengganu, the 100 MWac project combines 35 MW of floating solar panels with 65 MW of ground-mounted panels, designed to offset 202,024 tonnes of carbon emissions annually.
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Ørsted has revealed a strategic collaboration with Mission Clean Energy to develop four independent battery energy storage systems in the Midwest. Mission Clean Energy seeks to utilise Ørsted’s vast operational expertise and resources to make these projects a reality. Ørsted will use its funds to obtain and uphold interconnection queue positions for the four storage projects owned by Mission, as Mission will still be in charge of developing the projects.
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KGAL ESPF 5, a renewable energy fund has established a joint venture (JV) with IMCS to collaborate on developing battery energy storage systems (BESS) in Italy. There is growing political backing for the developing energy storage system market, as BESS can help offset the rising variability in renewable energy electricity generation. The plan is to develop four battery energy storage systems, with a total capacity of 1,100 MW. The JV offers the opportunity to build the BESS projects at an early stage and sell them when they are at ready-to-build status.
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Aypa Power has got $323 million in financing for its Kuna project. The Kuna project is a 150 MW / 600 MWh facility situated in the City of Kuna just north of Boise. It will be Idaho’s largest battery energy storage project and will be online in mid-2025. The financing package includes a $233 million green loan, which consists of a construction and term loan, a tax equity bridging loan, and a letter of credit facility. Additionally, the project received $90 million in tax equity, bringing the total funding to $323 million.
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The Electricity Generating Authority of Thailand (EGAT) has launched a tender for a hydro-floating solar hybrid project to be developed at the Srinagarind Dam in Kanchanaburi province. The project will involve the design, supply, construction, and commissioning of an 182 MW floating solar power plant.
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Fluence Energy and Excelsior Energy Capital have announced plans to deploy 2.2 GWh of battery storage projects across US starting in 2025. These projects will feature batteries, modules, and supporting systems manufactured domestically. Under the agreement, Fluence’s Gridstack Pro product line will be deployed by Excelsior to deliver firm capacity and flexible power to enhance the resilience of the U.S. electricity grid.
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BrightNight has secured approval from the Australian Energy Market Operator (AEMO) to connect its 360 MW Mortlake Energy Hub to the National Electricity Market. The Energy Hub is BrightNight’s first hybrid renewable energy project and the largest in Victoria, Australia, includes a 360 MW solar generation capacity and a 300 MW battery energy storage system (BESS).
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Clearway Energy Group has secured over $700 million in financing and begun construction on two major projects in California: the 200 MW Luna Valley solar project in Fresno County and the 113.5 MW Daggett Storage battery project in San Bernardino County, which finalises up the 482 MW Daggett Solar + 394 MW Storage complex. San Diego Gas & Electric inked 15-year contracts for equal amounts of solar power and energy storage from both the Luna Valley and Daggett Storage 1 projects.
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Tesla and Intersect Power have signed a contract to supply 15.3 GWh of Tesla’s Megapack battery energy storage systems for Intersect Power’s solar + storage project portfolio . By the end of 2027, Intersect Power is expected to deploy 10 GWh of large-scale energy storage. Intersect Power plans to use over half of the new Megapacks order for four projects in California and Texas, which are anticipated to be operational by the end of 2027.
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Intersect Power has secured $837 million through two separate transactions to finance the construction and operation of three standalone Battery Energy Storage Systems (BESS) in Texas. This financing includes portfolio-level construction debt, tax equity, and term debt, provided by leading industry partners. The three BESS projects – Lumina I, Lumina II, and Radian are scheduled to be operational in 2024.
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Sungrow has entered into three energy storage agreements with Algihaz Holding, an investment group in Saudi Arabia. Each project will have a capacity of 2.6 GWh, amounting to a total of 7.8 GWh. The storage projects will be located in Najran, Madaya, and Khamis Mushait, Saudi Arabia. Furthermore, deliveries are set to begin this year. The grid connection for the projects is expected by 2025.
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The Orana battery energy storage system (BESS) project in New South Wales, Australia, has reached an agreement for A$650 million with Akaysha Energy. Situated in the Central West Orana renewable energy zone, the Orana project will be built with funding from the three-year facility. The project is scheduled to be online in 2026 with a 1,660 MWh of projected capacity.
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Low Carbon, a UK renewables investor, has won development clearance for a project in Lincolnshire, England, to build a 500-MW solar complex and an energy storage facility. According to the statement, the British Department for Energy Security and Net Zero approved the proposal.
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Pacific Green Technologies has announced plans to buy a majority stake in two large-scale in-development battery energy storage system (BESS) projects from an international developer in Poland, Europe. Furthermore, the balance of shares in each 50 MW project will be purchased, after certain project milestones are met. The acquisition of two 50MW projects totalling 400 MWh of capacity marks the company’s entry into Poland.
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Recurrent Energy has secured $513 million project financing for the 1,200 MWh Papago Storage project situated in Maricopa County, Arizona. Construction of the project is expected to begin in the third quarter of 2024 and commercial operations are anticipated to commence in the second quarter of 2025.
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Plus Power has secured $133 million financing for the 150 MW / 300 MWh Cranberry Point facility in Carver, Massachusetts. It is a utility-scale standalone battery storage system in construction on the New England grid. The financing includes a construction-to-term loan, bridge loan, and letter of credit facility.
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Gensol Engineering Limited has bagged 250 MW/ 500 MWh standalone battery energy storage system (BESS) tender, Phase III, worth Rs 13.4 billion. Awarded by Indian state-owned utility Gujarat Urja Vikas Nigam Limited (GUVNL), the project will be developed by Gensol on the basis of build, own, and operate model.
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Arise, through its Finnish subsidiary Pohjan Voima, has entered into a co-operation agreement with Finsilva. The co-operation expands opportunities for the development of new wind and solar projects, which may also include battery storage. Pohjan Voima and Finsilva have pinpointed five new project areas suitable for developing approximately 500 MW of wind and solar power. These early-stage projects will now be incorporated into Arise’s portfolio.
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UEM Group Berhad through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra) has inked an agreement with Blueleaf Energy and ITRAMAS Corporation Sdn Bhd (ITRAMAS) for the development of a 500 MW hybrid solar power plant in Malaysia. It is part of the larger 1 GW hybrid solar power plant flagship venture.
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Entergy and NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. have entered into a joint development agreement to develop up to 4.5 GW of new solar generation and energy storage projects.As per the company’s statement, the agreement will help Entergy provide renewable energy to more than 3 million customers in Mississippi, Arkansas, Louisiana and Texas. Furthermore, it is a five-year joint development agreement.
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