Greenfield Global and European Energy have signed a joint venture (JV) agreement to develop an e-methanol production facility near Montréal, Québec, Canada. The proposed facility will have an annual production capacity of 48,000 tonnes and will utilise renewable electricity and biogenic carbon dioxide from Greenfield Global’s existing ethanol operations.
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Delta Capacity has reached financial close on two standalone battery energy storage system (BESS) projects in Finland with a combined capacity of 250 MW/600 MWh. The Karppio BESS project in Teuva has a capacity of 125 MW/300 MWh and is being developed with Strioga Family Foundation, while the 125 MW/300 MWh AKKU One project in Lapinlahti is being developed with COVENERGO.
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Climate Fund Managers has secured approval for $140 million in financing from the Green Climate Fund (GCF) for Climate Investor Three (CI3), a blended finance facility focused on industrial decarbonisation, including green hydrogen infrastructure. Under the GCF-supported programme, CI3 will invest in green hydrogen production, downstream products such as green ammonia and green methanol, and the decarbonisation of hard-to-abate industries in South Africa and Namibia.
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Qualitas Energy has secured a US$286 million non-recourse financing package for its Chilean portfolio under Qualitas Energy Fund V (QE V). The portfolio comprises eight assets with a combined renewable energy generation capacity of 259 MW and battery storage capacity of 840 MWh. These include 66 MW of operational run-of-river hydropower assets, a 154 MWp solar photovoltaic project integrated with 840 MWh of battery energy storage systems (BESS), and 39 MW of onshore wind capacity.
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JERA Co., Inc. (JERA) and AM Green Ammonia (India) Private Limited (AM Green) have signed an agreement for the supply of approximately 70,000 tonnes of green ammonia annually over five years, with an option to extend the term. The ammonia will be produced at AM Green’s Kakinada facility in Andhra Pradesh, using advanced alkaline electrolysis technology supported by round-the-clock renewable energy and pumped hydro storage.
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SAMSUNG SDI America, the Michigan-based subsidiary of SAMSUNG SDI, has signed a 1 GWh agreement to supply energy storage systems (ESS) to Alpha Omega Power. Under the agreement, SAMSUNG SDI will supply its Samsung battery box 1.7, an integrated ESS that uses nickel-cobalt-aluminum batteries. Furthermore, the battery cells and modules will be manufactured at the StarPlus Energy plant in Kokomo, Indiana, and delivered by the end of this year.
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Elgin plans to invest nearly £400 million across five renewable energy projects in the UK, with a combined capacity of 230 MW. The projects are located in Suffolk, Buckinghamshire, Leicestershire and Staffordshire and are part of Elgin’s portfolio of solar and energy storage projects. All the projects are expected to reach final investment decision by the end of the first quarter of 2027.
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The Freeport of Riga Authority, South Korea-based ECOMETHANOL and Latvia based SIA AE Risinājumi have signed a memorandum of cooperation for a green methanol production facility at the Port of Riga in Latvia. ECOMETHANOL and AE Risinājumi will jointly develop the production project, with the Freeport of Riga Authority facilitating integration with port infrastructure and logistics facilities.
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Masdar has signed an agreement to acquire a solar photovoltaic project in Greece with a capacity of more than 550 MW. The project is being acquired from Lightsource bp and is expected to become operational by the end of 2026. Furthermore, Masdar plans to integrate battery storage into the solar project to support grid stability. The transaction also includes two privately owned substations connecting the project to the electricity transmission system.
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Singapore’s Energy Market Authority has given conditional approval to the Vietnam-Malaysia-Singapore renewable electricity initiative. The approval was granted to Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries and the designated importer for the proposed project. The initiative plans to import up to 1.3 GW of renewable electricity into Singapore through a regional power corridor connecting Vietnam, Malaysia and Singapore.
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ENNA Solar, part of ENNA Group, has signed an agreement to acquire the Medgidia project, located in Constanța County, in Romania. The Medgidia project comprises 166 MWp solar plant with a 612 MWh battery energy storage system. The acquisition involves ENNA Solar acquiring a 100 per cent equity stake in CIC GREEN ENERGY MEDGIDIA S.R.L., holding the rights to develop the project.
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Greenvolt Group, through Greenvolt Power, has agreed to sell two standalone battery energy storage system (BESS) projects in Poland to A&R Investments. The projects are located in Ełk and Turośń Kościelna in north-eastern Poland, and have a total installed capacity of 400 MW/1,600 MWh. Both projects were completed in the third quarter of 2026 and have received the required permits for use.
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Scatec and the European Bank for Reconstruction and Development (EBRD) have signed a share purchase agreement to establish a renewable energy investment platform in Egypt. Scatec will own 60 per cent of the platform, while EBRD will hold the remaining 40 per cent. EBRD has committed up to $221 million to the platform, including about $170 million in equity and the rest through project-level guarantees.
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Encavis has signed a hybrid power purchase agreement (PPA) with Visalia in Spain. Under the three-and-a-half-year agreement, Encavis will supply 60 GWh of renewable electricity annually from its 199 MW Aragon portfolio near Zaragoza. The portfolio consists of two solar parks and three wind farms. Visalia operates more than 500 urban renewable energy generation facilities, along with over 1,000 km of electricity distribution and high-speed fibre-optic networks.
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Nordex Group has received an order from Mercury for 40 N133/4.8 wind turbines with a total capacity of 192 MW. The turbines will be installed at the Puke Kapo Hau wind farm in the Otago region on New Zealand’s South Island. Furthermore, Nordex and Mercury have signed a 30-year service agreement for the project. Installation of the first turbine, which will be mounted on a 90-metre tubular steel tower, is expected to begin in early 2028, with the first unit scheduled to be commissioned by mid-2028.
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Deriva Energy has closed approximately $540 million in financing for the Sullivan County Power Project in Indiana. The project is a 350 MW solar power project currently under construction in Sullivan County. The financing will support the continued development and construction of the project. Financing was arranged by Deriva Energy’s Capital Markets team and includes commitments from five banks: Royal Bank of Canada (RBC), DNB Bank ASA, Mizuho Bank Ltd., National Westminster Bank PLC, and Wells Fargo Securities LLC.
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The European Commission has selected 77 European net-zero technology projects to receive €3.4 billion in funding under the Innovation Fund. The call supports projects across five areas, including large-, medium-, and small-scale decarbonisation, clean-tech manufacturing and pilot projects. The projects are spread across 23 countries in the European Economic Area.
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HAU Energy and Infinity Power have secured debt financing of up to $566 million for the development of the Nefer Minya solar photovoltaic project in Minya, Egypt. The financing package includes up to $265 million arranged by the European Bank for Reconstruction and Development (EBRD). The EBRD-arranged financing includes $160 million from its own funds, $75 million mobilised from the Bank of Jordan, and up to $30 million in concessional financing from the Clean Technology Fund.
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IGNIS has completed the sale of a 656 MW portfolio of renewable energy projects in Italy. The portfolio has been acquired by flyRen Energy Group SpA, which is backed by Foresight Energy Infrastructure Partners II. The portfolio comprises 28 projects, including solar photovoltaic (PV), battery-hybrid, and wind projects at various stages of development. The sale is part of the company’s asset rotation strategy, with ValeCap serving as financial adviser and Green Horse Legal Advisory and DWF as legal advisers.
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The Asian Development Bank (ADB) and the Government of Japan have signed financing agreements with AM Green Ammonia (India) Private Limited for the development of a 1.1 million tonne per annum (TPA) green ammonia production facility in Andhra Pradesh, India. The financing includes a $100 million loan from the Leading Asia’s Private Infrastructure Fund 2, financed by the Japan International Cooperation Agency and administered by ADB.
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