Pentagreen Capital is backing Citicore Renewable Energy Corporation (CERC) with a $55 million development and construction loan to support solar and battery energy storage system (BESS) projects in the Philippines. The financing will be used for the construction and development of solar, hybrid solar, and BESS projects with a cumulative generation capacity of up to 2 GW and storage capacity of up to 760 MWh.
Read More
Bridge Renewable Energy has closed an $80 million delayed draw term loan facility along with a $5 million revolving credit facility. The facility primarily includes a construction-to-term loan, along with provisions for preferred equity bridge and tax credit bridge loan capacity. The financing has been arranged in partnership with Investec Bank, with additional commitments from Amalgamated Bank and Farmer Mac.
Read More
Atlas Renewable Energy has closed a $475 million financing package for the Copiapó solar project, a hybrid solar and battery energy storage system (BESS) located in Chile’s Atacama region. The company collaborated with BBVA, Banco de Crédito e Inversiones (BCI), Crédit Agricole Corporate and Investment Bank (CACIB), Natixis Corporate and Investment Banking (Natixis CIB), SMBC, and Société Générale to secure the financing.
Read More
Eos Energy Enterprises has entered into a supply agreement with MN8 Energy to provide up to 750 MWh of battery energy storage systems across a range of renewable projects in US. The partnership will utilise Eos’ next-generation Z3 energy storage systems to support projects designed to deliver dispatchable power for large energy consumers. The initial phase of deployment will include 200 MWh of BESS with 10-hour discharge.
Read More
The trajectory of Chile’s lithium mining industry is important for both the global battery electric vehicle transition and the country’s sustainable economic development ambitions. The report explores the economic potential of lithium mining and estimates the additional revenue and job potential if Chile were to onshore additional parts of the battery production supply chain. Further, the analysis assesses the GHG emissions intensity, water consumption, and social impacts of lithium mining and battery production in Chile.
Read More
Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure IV, has inked an agreement to sell a 50 per cent stake in the 500 MW Coalburn 2 battery energy storage system (BESS) project to funds managed by AIP Management. Located in South Lanarkshire, southern Scotland, Coalburn 2 is a two-hour duration lithium-ion storage facility currently under construction.
Read More
Fluence Energy and Torch Clean Energy have announced a partnership for the Winchester solar-plus-storage project in Cochise County, Arizona. The project, being developed by Torch Clean Energy, will use Fluence’s Gridstack Pro 5000 energy storage system. The project will feature two identical battery energy storage systems (BESS) providing a combined capacity of 160 MW/640 MWh, alongside two 80 MW solar projects.
Read More
Eolian has secured a $463 million financing package, arranged by Natixis Corporate & Investment Banking, to advance the construction of its Padua 2 and Padua 3 battery energy storage system (BESS) projects in Bexar County, Texas. The financing includes construction, term loan, and letter of credit facilities, ensuring both projects progress on schedule for commissioning between winter and spring 2026.
Read More
Nexamp has closed a three-year $330 million construction warehouse facility (CWF) with a consortium of financial institutions to develop, construct, and finance around 20 distributed generation assets across US. The financing will facilitate the addition of more than 120 MW of new clean energy capacity to the national grid. The CWF provides flexible construction capital for Nexamp’s upcoming solar and battery energy storage projects.
Read More
Enfinity Global has finalised an equity and development partnership with an unnamed European investor for the completion of a 486 MW battery energy storage system (BESS) project in Italy. The project, located in the Emilia Romagna region, will have a total storage capacity of 1,944 MWh with a four-hour duration. Enfinity Global will continue overseeing the permitting process to ensure timely project execution and commissioning.
Read More
Advanced Power has completed the sale of Rock Rose Energy Storage LLC. The Rock Rose Energy Storage project is a standalone 200 MW/400 MWh battery energy storage system (BESS) project located in Fort Bend County, Texas. Advanced Power received financial advisory support from PEI Global Partners for the transaction. The project is scheduled to commence operations in 2027.
Read More
Germany’s Federal Network Agency has released the results of the innovation auction that concluded on September 1, 2025. The auction, which invited bids for hybrid renewable and storage projects, was oversubscribed by four times. The tendered capacity was 486 MW, with the auction receiving bids with a total capacity of 2,182 MW. The total number of bids received was 163, of which 33 bids with a cumulative capacity of 490 MW were awarded.
Read More
Xcel Energy has proposed a large-scale distributed battery storage network across Minnesota to address rising electricity demand and improve grid efficiency. Under its Capacity*Connect proposal, the company plans to install up to 200 MW of battery storage at selected sites by 2028 in partnership with Sparkfund. The distributed storage units will be installed at commercial, industrial, and nonprofit locations across the state.
Read More
Founder Group Limited (FGL) has signed a heads of agreement with Planet QEOS Sdn Bhd to jointly develop a renewable energy project in Sarawak, Malaysia. The project has an estimated value of up to $276 million. It will include a 310 MWp ground-mounted solar photovoltaic project along with a 620 MWh battery energy storage system. The initiative is part of the Baram DeepTech Energy programme.
Read More
Enlight Renewable Energy, through its US subsidiary Clēnera Holdings, has completed two tax equity partnership agreements for the Roadrunner solar and battery energy storage system (BESS) project in Tucson, Arizona. The solar component has been backed by J.P. Morgan with a tax equity contribution at commercial operation date (COD). The storage component received tax equity financing from M&T Bank and First Citizens Bank at COD.
Read More
Nama Power and Water Procurement has signed a power purchase agreement with a consortium for the development of the Ibri III Solar Independent Power Project in Oman. The project comprises a 500 MW utility-scale solar plant, integrated with a 100 MWh battery energy storage system. The consortium that will develop the project includes Masdar, OQ Alternative Energy, Al Khadra Partners, and Korea Midland Power Co. Ltd.
Read More
Georgia Power has announced its 2025 Request for Proposals (RFP) to procure 500 MW of energy storage system (ESS) capacity. The RFP was approved by the Georgia Public Service Commission (PSC), as part of the 2022 Integrated Resource Plan. Additionally, it seeks to bring the ESS projects online by 2031. The RFP will be managed by Ascend Analytics as an independent evaluator on behalf of Georgia Power.
Read More
OCI Energy has closed construction financing for Project Alamo City, a standalone battery energy storage system (BESS) project in Bexar County, Texas. The financing package consists of a construction-to-term loan, a tax equity bridge loan, and letters of credit. The debt was underwritten by ING, which acted as sole coordinating lead arranger, bookrunner, and green loan coordinator, in addition to serving as administrative agent.
Read More
GridStor has acquired the 100 MW/400 MWh White Tank battery energy storage system (BESS) project in Arizona from Strata Clean Energy. The project, located in Maricopa County, will operate under a 20-year tolling agreement with Arizona Public Service (APS). The project is scheduled to begin operations in the first half of 2027, with Strata continuing to provide consultative support until commercial operations commence.
Read More
Grid-scale battery storage projects have rapidly expanded in recent years across the globe. This expansion is driven by the sharp decline in battery costs and the large-scale integration of VRE, which has significantly enhanced the competitiveness of grid-scale batteries as a means of providing system flexibility. With the increasing deployment of VRE, the structure of grid operation, transmission and distribution businesses, and thermal power generation businesses may experience structural transformations.
Read More