Category: News

Covenergo and Delta Capacity partner on 300 MWh BESS in Finland

Covenergo and Delta Capacity have collaborated to deliver the standalone AKKU One battery energy storage system (BESS) project in Lapinlahti, Finland. The project has an installed capacity of 125 MW/300 MWh. The project is expected to be commissioned by the fourth quarter of 2027, with project construction under way. The project was acquired as a ready-to-build asset from Helios Nordic Energy with Covenergo holding the majority stake in the project. 

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Hy24 and COFIDES acquire stake in Onuba green hydrogen project 

Moeve has announced that Hy24 and COFIDES have acquired a combined 29 per cent stake in the Onuba green hydrogen project in Andalusia, Spain. Moeve will retain a majority 51 per cent stake in the project alongside minority partners Enagás Renovable and Alter Enersun. The project marks the first phase of the 2 GW Andalusian Green Hydrogen Valley project in Europe and will feature 300 MW of electrolysis capacity, with an option to add a further 105 MW, subject to grid capacity and board approval.

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Actis launches Yeltica Energy in Mexico

Actis has launched Yeltica Energy, a greenfield renewable energy platform in Mexico. The platform targets more than 2 GW of solar, wind and battery energy storage system (BESS) capacity. The platform is anchored by three solar-plus-storage projects awarded under Mexico’s first Mixed Investment Tender by the Comisión Federal de Electricidad (CFE). These projects together comprise approximately 330 MWp of solar  photovoltaic and 255 MWh of BESS.

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Malaysia announces 250 MW renewable energy FiT quota for 2027

The Government of Malaysia has announced a 250 MW renewable energy Feed-in Tariff (FiT) quota for 2027 to support clean energy generation and attract investment. The quota will be allocated through an online bidding process for biogas, biomass and small hydropower projects in Peninsular Malaysia and the Federal Territory of Labuan. The allocation includes 30 MW for biogas, 120 MW for biomass and 100 MW for small hydropower.

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Arevon advances construction on 1,000 MWh Cormorant BESS in California

Arevon Energy has made construction progress on the Cormorant battery energy storage system (BESS) project in Daly City, California. The project has an installed capacity of 250 MW/1,000 MWh and is expected to commence operations in 2027. The project will use lithium iron phosphate battery technology and can supply power to 321,000 homes for up to a four hour duration.

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Stargate Hydrogen secures EU grant for expansion

Stargate Hydrogen has signed a €20.6 million EU Innovation Fund grant agreement to expand its green hydrogen electrolyser manufacturing facility in Tallinn, Estonia. The facility will produce alkaline electrolyser electrodes, pressurised alkaline stacks and electrolyser systems with annual capacities of 250 MW, 150 MW and 66 MW, respectively. The facility is expected to avoid around 3 million tonnes of carbon emissions over its first 10 years of operation.

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Econergy acquires Escofi for €134.3 million 

Econergy has acquired Escofi, a French wind energy platform for €134.3 million. The platform has a portfolio of 740 MW, including 128 MW operational, 34 MW under construction, 147 MW in advanced development and 432 MW in early and mid-stage development, with the projects concentrated in France’s Hauts-de-France and Grand Est regions. Escofi has an effective project ownership of approximately 91 per cent.

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Generate Capital secures financing for US community solar projects

Generate Capital has closed a term debt facility of $117 million with MUFG to finance its Community Solar Fund 11. The fund comprises 18 community solar projects totalling 114 MWdc across Illinois and New York. The transaction follows the company securing approximately $1.4 billion in financing commitments during the first half of 2026, including financing for a 104 MW community solar portfolio with Monarch Private Capital and a $61 million senior secured US private placement.

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Central Queensland Power secures approval for 360 MW wind project 

Central Queensland Power (CQP) has received approval for the Moah Creek wind project from the Australian Government under the Environment Protection and Biodiversity Conservation (EPBC) Act 1999. The project, located about 30 km west of Rockhampton, will comprise up to 60 wind turbines with a capacity of 360 MW. The project will also provide more than $33 million in community benefits over its operating life.

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Georgia Power secures approval for 1,137 MW solar PPAs 

Georgia Power has received approval from the Georgia Public Service Commission (PSC)  for 1,137 MW of new solar power purchase agreements (PPAs) under the Clean and Renewable Energy Subscription (CARES) 2023 and CARES 2025 request for proposals (RFP) programmes. The CARES programme enables eligible customers to purchase subscriptions linked to their pro-rata share of renewable energy production.

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SDG Namibia One to develop Dâures green fertiliser project

SDG Namibia One has signed a development funding agreement with Enersense Energy Namibia, to advance the development of the Dâures green fertiliser project in Namibia’s Erongo region. The project will use renewable power and green hydrogen to produce up to 20,000 tonnes of green ammonia annually and up to 80,000 tonnes of ammonium sulphate fertiliser annually.

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SunAsia Energy to develop 1 GW Laguna Lake floating solar project 

SunAsia Energy has partnered with Gunkul Engineering Public Company Limited to develop a floating solar project on Laguna Lake in the Philippines. The project will have an installed capacity of about 1 GW and represents an investment of more than $1 billion. The project is expected to commence commercial operations by the end of 2027. Furthermore, the project forms part of SunAsia’s broader Laguna Lake floating solar development, which has secured 10 solar energy operating contracts from the Department of Energy.

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Vattenfall takes FID on 1,000 MWh BESS project in Germany

Vattenfall has taken the final investment decision (FID) to build a standalone battery energy storage system (BESS) project at the former Brunsbüttel nuclear power plant site in Germany. The project will have an installed capacity of 254 MW/1,000 MWh and will be connected to the 50Hertz 380 kV transmission grid. The project, expected to be operational by the end of 2028, will nearly double Vattenfall’s BESS capacity.

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Enel acquires 810 MW US solar projects 

Enel has completed the acquisition of a solar portfolio from Excelsior Energy Capital for approximately $760 million in US. The projects have a combined installed capacity of 810 MW and are expected to generate around 1.6 TWh of electricity annually. The acquisition, funded through Enel’s operating cash flows, is expected to increase its ordinary EBITDA by approximately $90 million annually.

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Skyborn reaches financial close on 976.5 MW Gennaker offshore wind farm 

Skyborn Renewables has achieved financial close for the Gennaker offshore wind farm located in Germany’s Baltic Sea. The project has an installed capacity of up to 976.5 MW. The project has secured a €2.1 billion non-recourse financing package from a consortium of 16 commercial lenders and the European Investment Bank, with the total investment exceeding €3 billion. The project is targeted for commercial operations by the end of 2028.

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Alcazar Energy achieves financial close for Štip wind farm in North Macedonia 

Alcazar Energy Partners (AEP) has achieved financial close for the 131.25 MW Štip wind farm in North Macedonia, securing approximately €115 million in senior debt financing from the European Bank for Reconstruction and Development, International Finance Corporation, and Erste Group Bank AG, as well as a separate local VAT facility by Sparkasse Bank AD Skopje.

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Invenergy and HASI close equity deal for 2.7 GW renewable portfolio in US

Invenergy and HA Sustainable Infrastructure Capital, Inc. (HASI) have closed a strategic equity partnership to support a 2.7 GW renewable portfolio of solar, solar-plus-storage and wind projects across the US. The portfolio comprises 10 projects spread across seven states: Arizona, New Mexico, Texas, Arkansas, Indiana, Ohio and New York, and six major US power markets.

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​Tunisia awards 455 MW solar projects

Tunisia’s Ministry of Industry, Mines and Energy has announced the results for the sixth round of its solar photovoltaic authorization scheme. The selection includes 309 approved projects with a total capacity of 455 MW, split into one hundred eighty-seven 1 MW capacity projects, one hundred nineteen 2 MW developments, and three 10 MW installations.

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Suniva secures $835 million to expand US solar cell manufacturing

Suniva has secured $835 million debt and equity financing to support the expansion of its US solar cell manufacturing capacity. The capital will fund Suniva’s second US solar cell manufacturing facility located in Laurens County, South Carolina. The new facility has a capacity of 4.5 GW and will expand Suniva’s total US-made solar cell capacity to 5.5 GW. The facility construction is underway, with completion expected by late 2027, followed by a full production ramp-up in 2028.

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SRE signs CPPA for 800 MW Taiwanese offshore wind project 

Synera Renewable Energy Group (SRE) has signed a corporate power purchase agreement (CPPA) for its Formosa 6 offshore wind project with Star Trade in Taiwan. The project was awarded 800 MW in Taiwan’s second auction round under the Phase 3 Zonal Development programme in 2024. This project marks SRE’s fourth offshore wind project in Taiwan. Furthermore, the project is expected to generate sufficient clean electricity to supply approximately 860,000 households annually.

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