Category: Hybrids and Energy Storage

Actis acquires Klara Renewables in Poland

Actis acquires Klara Renewables in Poland

July 2, 2026 | , , ,

Actis has agreed to acquire Klara Renewables from CVC DIF. Klara Renewables is a 171 MW operational onshore wind portfolio located in Poland. The portfolio also offers around 275 MW of hybridisation potential through co-located solar PV and battery energy storage. The portfolio also has a long-term target of 1.5 GW of renewable capacity. The portfolio comprises six operational wind projects supported by contracts for difference through 2038-39, including three projects in Wielkopolska, two in Kujawy-Pomorze, and one in Podlasie, all powered by Vestas turbines.

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Grenergy signs 1 TWh power supply deal in Chile 

Grenergy signs 1 TWh power supply deal in Chile 

July 1, 2026 | , ,

Grenergy has signed a power purchase agreement (PPA), securing a 15-year contract to supply 1 TWh of electricity annually to an investment-grade global utility in Chile. The agreement will be effective between July and October 2026. The agreement involves supply of electricity during non-solar hours from the Elena battery energy storage  (BESS) project in the Antofagasta region. 

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IPX gets $4.95 billion for California solar and BESS project 

IPX gets $4.95 billion for California solar and BESS project 

June 30, 2026 | , , ,

IPX Power has secured $4.95 billion in committed financing for the construction and operation of the Darden solar and storage projects located in Fresno County, California. The project will feature 1.15 GWac of solar capacity and 4.6 GWh of battery energy storage (BESS). Commercial operations for the project are expected to commence in 2028.

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rPlus Energies commissions 400 MW solar plus BESS project in Utah

rPlus Energies commissions 400 MW solar plus BESS project in Utah

June 25, 2026 | , , ,

rPlus Energies has commenced commercial operations at the Green River Energy Center located in Emery County, Utah. The project features 400 MW of solar generation capacity and a 400 MW/1,600 MWh battery energy storage system (BESS). The project is expected to generate over $55 million in property tax revenue to support local schools and public services. The project was commissioned on June 22, 2026. 

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ContourGlobal acquires 2,000 MWh Wallace BESS in UK 

ContourGlobal acquires 2,000 MWh Wallace BESS in UK 

June 24, 2026 | , ,

ContourGlobal has entered the UK market with the acquisition of 500 MW/2,000 MWh Wallace battery energy storage (BESS) from a consortium of sellers including New Energy Partnership Limited. It is a four-hour-duration BESS. The project is expected to participate in the upcoming UK Capacity Market auction. The project also benefits from a full planning consent, a secured land option, and allocated Gate 2 status under the UK grid connection reform process. 

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ADB to fund 500 MWh BESS project in Cambodia

ADB to fund 500 MWh BESS project in Cambodia

June 24, 2026 | , ,

The Asian Development Bank (ADB) has approved a $63.44 million financing package to support the deployment of a 250 MW/500 MWh battery energy storage system (BESS) at Cambodia’s Takeo substation. The financing package comprises a $40 million concessional loan and a $5 million grant from ADB, alongside $18.44 million in co-financing from the Green Climate Fund and the UK through the ASEAN Catalytic Green Finance Facility.

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I Squared Capital and GS E&C to develop 1.5 GW renewables in South Korea

I Squared Capital and GS E&C to develop 1.5 GW renewables in South Korea

June 23, 2026 | , , ,

I Squared Capital and GS E&C have signed a memorandum of understanding to establish a joint venture (JV) focused on developing solar and battery energy storage projects in South Korea. The partnership aims to secure and develop 1.5 GW of renewable energy capacity by 2035, including approximately 820 MW of solar projects. The collaboration aligns with South Korea’s energy transition goals as it targets renewable energy sources to contribute at least 20 percent of total electricity generation by 2030.

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Matrix Renewables secures $1.3 billion for US renewable portfolio 

Matrix Renewables secures $1.3 billion for US renewable portfolio 

June 23, 2026 | , , ,

Matrix Renewables has closed a $1.3 billion financing package for a US portfolio comprising 859 MWdc of solar and 167 MWh of battery energy storage projects (BESS) across Texas, California, and Idaho. The transaction includes over $470 million in construction-to-term loans, around $400 million in tax equity bridge financing, and approximately $100 million in letters of credit.

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Permanent Power Company secures financing for Grape solar and storage project in California

Permanent Power Company secures financing for Grape solar and storage project in California

June 19, 2026 | , , ,

CIM Group’s Permanent Power Company has secured approximately $600 million in construction financing for its Grape solar and battery storage project. The project is located in California. The project includes 246.4 MWac of solar PV capacity and a 150 MW/600 MWh battery energy storage system (BESS) located within Westlands Solar Park.

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SRP and Aypa Power commission 1,000 MWh Pediment BESS in Arizona

SRP and Aypa Power commission 1,000 MWh Pediment BESS in Arizona

June 18, 2026 | , ,

Salt River Project and Aypa Power have commissioned the Pediment Battery Energy Storage System (BESS) located in Mesa, Arizona. The BESS has an installed capacity of 250 MW/1,000 MWh. The facility can supply enough electricity to power up to 56,250 homes for four hours. The Pediment project is the first of two BESS projects being developed by Aypa Power under contract with SRP.

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BLT Energy secures approval for 4,800 MWh Australian BESS

BLT Energy secures approval for 4,800 MWh Australian BESS

June 18, 2026 | , ,

BLT Energy has received development approval from the Regional Development Assessment Panel for its Red Gully Battery Energy Storage System (BESS) project in Western Australia. The project has a total capacity of 800 MW/4,800 MWh of energy storage. Phase 1 of the project will provide up to 400 MW of power and 2,400 MWh of storage capacity to the South West Interconnected System.

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A.P. Moller to acquire Mainstream Renewable Power South Africa 

A.P. Moller to acquire Mainstream Renewable Power South Africa 

June 18, 2026 | , , , ,

A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II), has signed an agreement to acquire Mainstream Renewable Power South Africa. Mainstream Renewable Power was established in 2009. It has a portfolio comprising 148 MW of operating and under-construction assets, 351 MW of construction-ready projects, and an approximately 11.6 GW pipeline of solar, wind, and battery storage projects. 

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FRV secures grid capacity for 2.3 GW renewables in Germany

FRV secures grid capacity for 2.3 GW renewables in Germany

June 17, 2026 | , , ,

Fotowatio Renewable Ventures (FRV) has secured 2.3 GW of grid capacity in Germany to support a portfolio of battery energy storage, solar PV, and hybrid renewable energy projects. The portfolio forms part of FRV’s broader international pipeline spanning solar, energy storage, hybrid systems, green hydrogen, and data center developments, with projects targeting ready-to-build (RTB) status between 2026 and 2029.

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Frontier acquires 2.8 GWh UK energy storage projects 

Frontier acquires 2.8 GWh UK energy storage projects 

June 16, 2026 | , ,

Frontier Power Energy Holdings has acquired the rights to the Ayr and Busby long-duration energy storage (LDES) projects from Apatura Energy. The projects will provide a combined capacity of 350 MW/2.8 GWh, with the Ayr project planned at 200 MW (1,600 MWh) and the Busby project at 150 MW (1,200 MWh). Both projects are expected to deploy long-duration battery systems supplied by Eos Energy Enterprises, including its Z3 technology platform.

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Acwa Power Philippines to develop 500 MW hybrid project

Acwa Power Philippines to develop 500 MW hybrid project

June 12, 2026 | , , ,

Acwa Power Philippines has signed a lease agreement with the Bases Conversion and Development Authority (BCDA) to develop a utility-scale solar and battery energy storage system (BESS) project in New Clark City. The project is expected to reach up to 500 MW of solar PV and battery storage capacity upon full development, subject to regulatory approvals and future expansion phases.

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Masdar buys stake in 705 MW Spanish renewables portfolio 

Masdar buys stake in 705 MW Spanish renewables portfolio 

June 12, 2026 | , , , ,

Masdar has agreed to acquire a 49.99 percent stake in Repsol’s 705 MW renewable energy portfolio in Spain in a deal valuing the assets at €849 million. The portfolio comprises 13 wind farms with a combined capacity of 402 MW and 6 solar parks totaling 303 MW, all of which became operational in 2025 and the first quarter of 2026. It also includes a pipeline of more than 565 MW of potential hybrid projects involving wind, solar and battery storage.

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Grenergy inaugrates 3.5 GWh Elena BESS in Chile

Grenergy inaugrates 3.5 GWh Elena BESS in Chile

June 10, 2026 | , ,

Grenergy has inaugurated the 3.5 GWh Elena battery energy storage system (BESS) project in Chile. The project currently includes 624 battery containers and 6,240 batteries, with plans to expand capacity to 7 GWh by 2028. The project forms part of the Oasis de Atacama platform, which combines 2.5 GW of solar capacity with 14.1 GWh of storage. Across the OASIS platforms, the company’s pipeline totals 5 GW of solar and 22 GWh of storage.

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Foxconn and Brookfield to develop 1 GW renewables in Vietnam

Foxconn and Brookfield to develop 1 GW renewables in Vietnam

June 9, 2026 | , , , ,

Foxconn and Brookfield have partnered to develop renewable energy projects in Vietnam to support Foxconn’s operations and supply chain partners. The collaboration aims to develop up to 1 GW of utility-scale wind, solar, and battery storage capacity across the country. The projects will be backed by long-term power purchase agreements and jointly managed by both companies.

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CIP divests minority stake in 500 MW BESS project in Europe 

CIP divests minority stake in 500 MW BESS project in Europe 

June 8, 2026 | , ,

Copenhagen Infrastructure Partners (CIP) has agreed to divest minority stakes in its 500 MW Devilla battery energy storage (BESS) project to the Scottish National Investment Bank and Nuclear Liabilities Fund. The project, located in Kincardine, Scotland, is a two-hour-duration lithium-ion BESS. CIP will retain a majority stake and continue to oversee the project construction.

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