Grenergy has finalised a $355 million senior non-recourse financing facility for the Gran Teno, Tamango, and Planchón projects, which form part of its Central Oasis complex in Chile. The funding has been arranged through an international banking syndicate led by BNP Paribas as the coordinating bank, along with Banco Santander and Rabobank. The assets together account for 398 MW of solar and 1.4 GWh of battery storage capacity.
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Alight has acquired two large-scale solar projects in eastern Finland from Finnish developer 3Flash, adding more than 200 MW of planned solar capacity along with an associated battery energy storage system (BESS). The two projects have planned capacities of approximately 75 MW and 150 MW. Alight and 3Flash will jointly advance the projects until they achieve ready-to-build status.
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Gulf Development Public Company Limited (GULF) has secured loan facilities worth approximately $1.9 billion to support the development of 27 renewable projects in Thailand with a total generation capacity of 939 MW. The financing has been arranged through the company’s renewable energy and waste-to-energy subsidiaries. The portfolio comprises 15 solar and solar-plus-storage projects along with 12 waste-to-energy plants.
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Zelestra has finalised a syndicated equity-bond facility worth approximately €130 million with Santander, with support from Instituto de Credito Oficial and Compañía Española de Seguros de Crédito a la Exportación. The financing arrangement is structured to align with the company’s Green Financing Framework, and is expected to support around 500 MW of contracted projects located in Italy, Germany, and US.
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Clearway Energy Group has achieved financial close and commenced construction on the Spindle Energy Center, a 199 MW battery energy storage system (BESS) project located in Weld County, Colorado. The project will deploy American-made Tesla battery systems with a two-hour duration, enabling storage of up to 398 MWh of dispatchable electricity. It represents a total investment of $261 million.
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Revera Energy, an independent energy infrastructure platform backed by Carlyle, has completed the expansion of its credit facility to $150 million. The expanded facility is intended to support the development and construction of battery energy storage system (BESS), solar, and green hydrogen projects in pipeline across Australia’s National Energy Market (NEM) and UK.
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AEMO Services Limited (ASL), a subsidiary of the Australian Energy Market Operator (AEMO), has awarded long-term energy service agreements to six battery energy storage system (BESS) in New South Wales through Tender Round 6. All six projects are based on lithium-ion technology, with storage durations ranging from 8.7 hours to 11.5 hours. The projects together account for 1,170 MW of capacity and 11.98 GWh of storage.
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Copenhagen Infrastructure Partners, through its fifth flagship fund Copenhagen Infrastructure V (CI V), has reached an agreement to acquire Ørsted’s European onshore renewable energy business. The transaction covers more than 800 MW of renewable capacity, consisting of 578 MW operational and 248 MW under construction project, along with a multi-GW development pipeline.
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Iberdrola Renewables Polska, a subsidiary of Iberdrola Group, has secured funding of about €44 million for the development of three battery energy storage system (BESS) projects in Poland. The funding has been provided by the Polish National Fund for Environmental Protection and Water Management. The projects will together deliver a total installed capacity of 160 MW
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The European Commission has approved nearly €650 million in grants under the Connecting Europe Facility (CEF) to support 14 cross-border energy infrastructure projects. The allocation aligns with the European Grids Package. Additionally, this funding round includes support for protecting critical energy infrastructure and advancing hydrogen-related projects.
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Younan Company has announced the development of a large utility-scale solar and battery storage project in California under Soleil Renewable Energy, LLC. The project is planned in East Kern county, on approximately 3,200 acres of owned land. It will have a solar generation capacity of 880 MWdc, equivalent to 700 MWac, paired with a 460 MW battery energy storage system. Commercial operations are targeted for mid-2028.
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Westbridge Renewable Energy Corporation has received regulatory approval from the Alberta Utilities Commission (AUC) for its Red Willow solar and battery energy storage project in Stettler county, Alberta, Canada. The approval includes authorisation for both the power plant and the associated battery energy storage system (BESS), along with a permit and licence for the Birch 1075S substation.
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Enlight Renewable Energy Limited has entered into an agreement to acquire a majority stake in Project Jupiter, a large-scale co-located solar and energy storage project in Germany, in partnership with Prime Capital AG, acting through its Prime Green Energy Infrastructure Fund II (PGEIF II). The project is located in Brandenburg and is planned to include up to 150 MWp of solar capacity and 2,000 MWh of energy storage.
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Rye Development and Copenhagen Infrastructure Partners, through its Flagship Fund CI V, have announced that the Federal Energy Regulatory Commission (FERC) has issued a 40-year licence for the Goldendale energy storage project in Washington. Once operational, the closed-loop hydropower pumped storage project (PSP) is designed to store electricity for up to 12 hours and deliver 1,200 MW of on-demand power.
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Juniper Green Energy Limited (Juniper) has completely commissioned its 100 MWh merchant battery energy storage system (BESS) project in Bikaner, Rajasthan, through its subsidiary, Juniper Green Cosmic Private Limited. Of the total capacity, 60 MWh was commissioned earlier in December 2025. Trial operations have been completed, and approval has been secured from the Northern Regional Load Despatch Centre.
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METLEN and the Tsakos Group have entered into a strategic partnership to jointly develop, construct, operate, and commercially manage a large hybrid power generation project in Greece. The project will be implemented through a special purpose vehicle structured as a joint venture (JV), with the Tsakos Group holding a 60 per cent stake and METLEN holding 40 per cent.
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Estuary Power has completed all phases of the Escape Solar and Storage project in Lincoln county, Nevada, reaching final completion in December 2025. The project has 185 MW of solar capacity along with 400 MWh of battery storage. Construction of the solar plants was carried out by Bechtel Infrastructure and Power Corporation. Power from the project is being supplied to four customers in Nevada under long-term arrangements.
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The state-owned power utility, Saudi Electricity Company (SEC), has completed the grid connection of a 7.8 GWh battery energy storage system (BESS) project across three sites in south-western Saudi Arabia. These projects comprise three BESS installations of 2.6 GWh each, located in Najran, Khamis Mushait, and Madaya. The BESS project is owned by SEC, with its subsidiary National Grid SA acting as the offtaker.
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Grenergy has secured capacity contracts for five standalone battery energy storage system (BESS) projects in Poland through the latest auction conducted by Polskie Sieci Elektroenergetyczne (PSE), the national electricity system operator. The awarded projects have a combined power capacity of 534 MW, translating into 2.1 GWh of storage, and will function as reserve capacity when minimum system availability cannot be ensured.
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Scatec ASA has entered into a long-term power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for the development of a solar-plus-storage project in Egypt. The agreement covers 1.95 GW of solar generation capacity and 3.9 GWh of battery storage. As per this arrangement, Scatec will develop one integrated solar and battery storage hybrid project, alongside two standalone battery energy storage systems.
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