OX2 has taken a final investment decision to develop energy storage projects with a combined capacity of 235 MW/470 MWh, in Finland. The projects will be co-located with the Kannisto and Korkeamaa wind power projects, both of which reached investment decisions in December 2025. Construction is scheduled to begin immediately, with commissioning expected in 2028.
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Alpiq has acquired the Navaleo hydro pumped storage project (PSP) in Castilla y León, Spain. The project was developed by Erbienergía and is currently at an advanced stage, with commercial operations planned for the early 2030s. The project is expected to provide 535 MW of flexible capacity to the Spanish grid, supporting system stability and enabling higher renewable energy integration.
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Waaree Energy Storage Solution Limited (WESSL), a subsidiary of Waaree Energies Limited, will establish a 16 GWh lithium-ion battery gigafactory. The facility will cover cell manufacturing, battery packs, and large-scale battery energy storage systems (BESS). It will be situated at Rambilli in the Anakapalli district of Andhra Pradesh, India. WESSL will invest Rs 81.75 billion in the gigafactory.
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Hecate Energy Group has completed the sale of its up to 2,000 MW Cereza solar and storage project to Savion. The project is located at the US Department of Energy’s Hanford Site in southeastern Washington and was originally secured by Hecate in 2024. Under the agreement, Savion will take the lead on project development, with continued support from Hecate.
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The Egyptian Cabinet approved the implementation of four renewable energy projects by Kemet Industries Group, the executive arm of United Egypt Group for National Industries The approved portfolio comprises two solar plants in Bahariya Oasis with capacities of 320 MW and 400 MW. It also includes a 2,000 MWh standalone battery energy storage system in Nagaa Hammadi and a 2,000 MW solar plant in the same location.
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Lydian Energy has secured $689 million in financing for two solar projects, AC Ranch 1 and Yellow Viking, along with the Faraday battery energy storage system (BESS) project. The financing package is backed by CIBC and MUFG. It includes a construction-to-term loan, tax credit bridge loan, co-investment bridge loan, and a letter of credit facility. The projects are part of Lydian’s portfolio backed by Excelsior Energy Capital.
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AES Indiana, a subsidiary of AES Corporation, has commissioned the Petersburg Energy Center in Pike county. The Petersburg Energy Center includes 250 MW of solar capacity installed through over 515,000 solar panels, along with 180 MWh of battery energy storage system (BESS). The project will generate enough renewable electricity to power more than 100,000 homes.
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NHOA Energy, along with EnergyAustralia and Enerven, have announced the official launch of a 245 MWh battery energy storage system (BESS) in Hallett, South Australia, following financial close and the project’s transition into the delivery phase. The Hallett BESS is owned and developed by EnergyAustralia near the town of Canowie, and is being deployed adjacent to the existing Hallett gas-fired power station.
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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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