Palisade Investment Partners, via Intera Renewables, has acquired a 100 per cent interest in the 240 MW/960 MWh Summerfield battery energy storage system (BESS) from Copenhagen Infrastructure Partners (CIP). The facility located east of Adelaide, is currently under construction with a scheduled completion date in late 2026. This acquisition bolsters Palisade’s total renewable energy portfolio to 2.5 GW.
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Energy Vault Holdings has acquired an 850 MW battery energy storage (BESS) development portfolio from a domestic developer in Japan. The portfolio includes 350 MW of advanced-stage projects expected to begin construction in the second half of 2027 and operations in the second half of 2028, along with 500 MW of early-stage projects.
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CFE Calificados, a subsidiary of Federal Electricity Commission (CFE), has signed power purchase agreements (PPAs) with Copenhagen Infrastructure Partners (CIP), in partnership with Sunstone Power, for two solar-plus-storage projects in Campeche, Mexico. The projects include Alegría Solar, comprising 600 MW of solar and 300 MW of storage, and Esperanza Solar, comprising 300 MW of solar with 150 MW of storage.
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Levanta Renewables has announced the signing of an engineering, procurement, and construction (EPC) contract with the China Energy Engineering Group (CEEC) for the development of the Barotac solar and battery energy storage system (BESS) project in the Visayas, Philippines. The contract covers the full EPC scope for the project, which will integrate 166 MWp of solar capacity with an 80 MWh of BESS capacity.
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ENGIE has acquired two battery energy storage system (BESS) projects in Andalusia totaling 278 MW/1.1 GWh. These facilities located in Álora (78 MW/312 MWh) and Tarifa (200 MW/800 MWh) provide four hours of storage and utilise synchronous condensers to stabilise the grid through inertia and reactive power management. Construction on the projects is scheduled to commence in 2027, with the projects expected to be commissioned in 2028.
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Zelestra and EDP have signed a power purchase agreement (PPA) to hybridise an operational solar plant with battery storage. As per the agreement, Zelestra will add a 160 MWh BESS to the 50 MW Pizarroso solar plant in Cáceres. The solar plant has been operational since 2023. EDP, the current offtaker for the solar plant, will use the battery storage to improve energy management and enhance system flexibility.
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Neoen has announced investment in the 100 MW/400 MWh Japan Ako Battery project. Neoen is partnering with Equans and Toho for the project, and secured a grid connection agreement with Kansai Electric Power Company in January 2026. The project is a four-hour battery system and is scheduled to become operational in 2028.
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TotalEnergies and Masdar have signed a $2.2 billion 50/50 JV agreement to merge their onshore renewable activities in Asia. The JV will manage 3 GW of operational assets and 6 GW under advanced development that are expected to commence operation by 2030. The JV will be the sole platform for developing, building, owning and operating onshore solar, wind and battery storage projects.
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Georgia Power has begun construction of a 260 MW battery energy storage system (BESS) project in Jefferson County, Georgia. The BESS is designed to supply stored energy over a four-hour period and is being built by Burns & McDonnell. The project has also received approval from the Georgia Public Service Commission and is expected to be completed in 2027.
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Arevon Energy, Inc. has commenced construction of the 250 MW/1,000 MWh Cormorant energy storage project in Daly City, California. The project involves an investment of approximately $600 million. The company will own and operate the project, which is scheduled to become operational in 2027. Once completed, it is expected to supply electricity to around 321,000 homes for up to four hours.
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Egypt has formalised a series of renewable agreements covering wind, solar, and battery energy storage system projects. These include plans to establish standalone battery energy storage systems with a total capacity of 5,620 MW. One of the agreements grants land usufruct rights for the 900 MW Shokeir wind project in Ras Shokeir. Furthermore, multiple other PPAs have been signed for several renewable projects across the country.
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The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB), and Sunprime Holdings S.r.l. have finalised a project finance agreement of up to €507 million to support Project Sophocles in Italy. The project involves the development and operation of nearly 200 solar plants with a combined capacity of 290 MWp, along with 350 MW of battery energy storage systems (BESS).
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rPlus Energies has secured financing commitments exceeding $650 million for the Blacks Creek Energy Center, a 400 MWac, or 520 MWdc solar project with 200 MW of storage located in Ada County, Idaho. The financing includes debt facilities and tax equity commitments to support the construction of the project. The debt financing facility is being led by Santander Corporate & Investment Banking and KeyBanc Capital Markets, Inc.
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Flow Power has entered into a foundational offtake agreement with Octopus Australia for the Blind Creek solar farm and battery energy storage system (BESS) project in Australia. The project is located in Bungendore, New South Wales, and comprises 300 MW of solar capacity with a BESS of 243 MW/486 MWh. It is being developed in collaboration with local landholders under an agri-solar framework.
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Prime Infra has secured financing agreements worth approximately Php 273.47 billion to support the development of a pumped storage project (PSP) portfolio with a combined capacity of 2,000 MW. The financing package includes two separate agreements. One agreement involves project financing of about Php 214.87 billion arranged through a bank syndicate. Another agreement is a dual-currency equity standby letter of credit facility.
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Grenergy has secured capacity contracts for four battery energy storage system (BESS) projects in UK with a combined capacity of 190 MW/760 MWh. The contracts were awarded in the latest auction conducted by NESO, the country’s energy system operator, and will remain in effect for 15 years. The projects include two hybrid projects and two standalone BESS projects, namely Scalm Park, Spring Lane, Buxton Road, and Fibden Farm.
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Cypress Creek Renewables has acquired the Steel River project from Swift Current Energy. The project is currently under development in Mississippi county, Arkansas. Once completed, the project will comprise 2.45 GW of solar capacity combined with 720 MW/2,900 MWh of battery energy storage system (BESS) capacity. The project will be developed and constructed in three phases.
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Aypa Power, a Blackstone portfolio company, together with Six Nations of the Grand River Development Corporation (SNGRDC), has reached financial close for approximately $512 million to support the Elora and Hedley battery energy storage system (BESS) projects in Ontario, Canada. The financing package has been arranged through an eight-bank syndicate of international and domestic lenders.
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The European Commission (EC) has approved a €150 million Romanian state aid scheme to support electricity storage deployment, in line with the Clean Industrial Deal. The scheme will support the installation of at least 2,174 MWh of new electricity storage capacity in Romania. Additionally, the support will be provided as investment aid in the form of direct grants for the development of new standalone battery energy storage systems (BESS).
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The Republic of Tunisia’s Ministry of Industry, Mines and Energy has floated a tender for the development of a solar-plus-storage project. It will consist of a 300 MW solar plant with a 150 MW/540 MWh battery energy storage system. Located in Bazma in the governorate of Kebili, it is a part of the country’s national renewable energy development programme. The deadline for bid submission is October 14, 2026.
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