Category: News America

Panamint Capital secures green loan for 1.2 GW solar project in Texas

Panamint Capital secures green loan for 1.2 GW solar project in Texas

November 4, 2026 | , ,

Panamint Capital LLC has achieved financial close on the first phase of a $1.8 billion green loan to finance the construction of the 1.2 GWdc Big Rooter Power solar photovoltaic (PV) project in Robertson County, Texas, US. The project is being developed at the company’s Twin Oaks Power Station and Calvert Mine. The first phase involves $769 million and will fund the ongoing construction of Big Rooter West, which has a capacity of 491 MWdc.

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EIG and Acwa to invest $4 billion in US power sector 

EIG and Acwa to invest $4 billion in US power sector 

October 30, 2026 | ,

EIG and Acwa Power have entered into definitive agreements to establish Plenum Power, a strategic partnership focused on investing in the U.S. power sector. The partnership is expected to launch with an initial equity commitment of approximately $4 billion. Plenum Power will combine Acwa’s capabilities in developing, financing, constructing, and operating large-scale power projects with EIG’s experience in financing and scaling energy infrastructure platforms.

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Qualitas Energy secures $286 million for Chilean renewables portfolio 

Qualitas Energy secures $286 million for Chilean renewables portfolio 

October 28, 2026 | , , , ,

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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SAMSUNG SDI signs 1 GWh ESS deal with Alpha Omega Power

SAMSUNG SDI signs 1 GWh ESS deal with Alpha Omega Power

October 27, 2026 | , ,

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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Deriva Energy secures $540 million for 350 MW solar project in US

Deriva Energy secures $540 million for 350 MW solar project in US

October 22, 2026 | , ,

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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Nel Hydrogen secures $12 million PEM Electrolysers order

Nel Hydrogen secures $12 million PEM Electrolysers order

October 15, 2026 | , ,

Nel Hydrogen US, a subsidiary of Nel ASA, has received a purchase order from a US-based global technology company for multiple containerised PEM electrolysers from its MC-series, along with related services. The order is valued at approximately $12 million. Furthermore, the electrolyser stacks will be manufactured at Nel’s facility in Wallingford, Connecticut, US. The units are expected to be delivered in 2027.

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New York announces $200 million for 565 MW solar projects

New York announces $200 million for 565 MW solar projects

October 14, 2026 | , ,

The New York State Energy Research and Development Authority (NYSERDA) has announced a framework to deploy $200 million through the state’s Sustainable Future Program to expand access to affordable solar energy. The funding will be administered through the NY-Sun Program, with incentives disbursed after project completion. It is expected to support the deployment of approximately 565 MW of solar capacity.

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Arevon signs REC contracts for 200 MW solar project in Illinois

Arevon signs REC contracts for 200 MW solar project in Illinois

October 13, 2026 | , ,

Arevon Energy has signed three 20-year indexed renewable energy credit (REC) contracts with Ameren Illinois, Commonwealth Edison Company, and MidAmerican Energy Company for its 200 MWac/275 MWdc Panther Energy Project in Perry County, Illinois. The project is expected to begin construction in 2027 and be completed in 2028. The contracts follow Panther Energy’s selection in the Illinois Power Agency’s Summer 2026 Indexed REC procurement, which the Illinois Commerce Commission approved.

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TotalEnergies and KKR to add 700 MW renewables in US

TotalEnergies and KKR to add 700 MW renewables in US

October 12, 2026 | , ,

TotalEnergies and KKR have signed an agreement to add a 700 MW portfolio of renewable energy assets to their existing 50:50 joint venture (JV) in the US, which currently holds 1.4 GW of capacity. The portfolio includes three utility-scale solar projects located in Texas and Ohio, which are expected to begin commercial operations by the first quarter of 2027. Furthermore, the electricity generated by these projects has already been sold to third parties or will be marketed by TotalEnergies.

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Generate Capital and KeyState close community solar fund

Generate Capital and KeyState close community solar fund

October 9, 2026 | , ,

Generate Capital has closed a $154.5 million tax equity fund with SOLCAP, KeyState’s tax equity investment platform, to finance 10 community solar projects across New York and Illinois, with a combined capacity of 43 MWac. This marks the sixth tax equity fund by Generate Capital and KeyState. The latest fund follows an $85 million community solar tax equity fund announced in October 2025, which is nearing final funding.

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Grenergy secures $457 million for solar and storage projects in Chile

Grenergy secures $457 million for solar and storage projects in Chile

October 9, 2026 | , , ,

Grenergy has secured $457 million in non-recourse senior financing for a portfolio of projects in Chile with a total solar capacity of 446 MW and energy storage capacity of 1.8 GWh. The financing covers Algarrobal, the fifth phase of the Oasis de Atacama project, which has 242 MW of solar capacity and 1,480 MWh of energy storage, and the Palmas cluster, comprising 21 distributed generation solar projects with a combined capacity of 204 MW and 289 MWh of storage.

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Clearway begins construction of 650 MW Swan Energy Center in Missouri

Clearway begins construction of 650 MW Swan Energy Center in Missouri

October 7, 2026 | ,

Clearway Energy Group has closed financing and started construction of the 650 MW Swan Energy Center in Bates County, Missouri. The project is backed by a 20-year power purchase agreement and is expected to begin commercial operations in 2028. Clearway secured financing for the $1.5 billion project through a bank consortium led by Canadian Imperial Bank of Commerce, DNB Bank ASA, and National Australia Bank Limited.

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Cargill signs wind VPPA in US

Cargill signs wind VPPA in US

October 7, 2026 | , ,

Cargill is expanding its renewable electricity portfolio in the US through solar and wind projects in Oklahoma and South Dakota. It has signed a 12.6-year virtual power purchase agreement (VPPA) for 87 MW of wind power from the Sweetland wind project in South Dakota. The project is expected to generate about 392,000 MWh of renewable electricity annually and support a reduction of around 162,000 metric tonnes of carbon emissions each year from Cargill’s operations.

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Linea Energy closes financing for 500 MWh BESS in Texas

Linea Energy closes financing for 500 MWh BESS in Texas

October 5, 2026 | , ,

Linea Energy has closed project debt financing and secured a preferred equity commitment for the 250 MW/500 MWh Mesa View standalone battery energy storage system (BESS) in Upton County, Texas. The debt financing includes a construction-to-term loan, a tax equity bridge loan and a letter of credit facility. Furthermore, D.E. Shaw Renewable Investments provided the preferred equity commitment.

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Enel acquires 270 MW solar portfolio in the US

Enel acquires 270 MW solar portfolio in the US

October 1, 2026 | , ,

Enel, through its wholly-owned subsidiary Enel Green Power North America, has completed the acquisition of 7 operational solar plants in the US from an unnamed utility. The plants have a combined installed capacity of approximately 270 MW, and are expected to generate around 0.4 TWh of electricity annually. The acquisition was completed for approximately $140 million.

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NYPA and EDF announce partnership for 240 MW solar project 

NYPA and EDF announce partnership for 240 MW solar project 

September 30, 2026 | , ,

EDF Power Solutions North America and the New York Power Authority (NYPA) have announced a partnership for the development of the 240 MW Rich Road solar project in Canton, St. Lawrence County, New York. Under the partnership, NYPA, through its wholly owned subsidiary New York Renewable Energy Development Holdings Corporation, will hold a 51 per cent majority stake in the project, while EDF Power Solutions will remain a minority owner.

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Constellation and Toyota sign solar PPA in Texas

Constellation and Toyota sign solar PPA in Texas

September 25, 2026 | , ,

Constellation and Toyota Motor North America have signed a 15-year renewable energy agreement to support new solar generation in US. Under the agreement, Constellation will purchase power from the 203.97 MW Milano solar project located in Milam County, Texas. The agreement covers more than 115 MW of solar capacity, representing approximately 246,000 MWh of annual generation.

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NorthStar Clean Energy completes 120 MW solar project in  Michigan

NorthStar Clean Energy completes 120 MW solar project in  Michigan

September 23, 2026 | , ,

NorthStar Clean Energy has completed the Hart Solar Project in Oceana County, Michigan. The project, with an installed capacity of 120 MW, is expected to generate over 200 GWh of electricity annually. The project will generate enough electricity to supply around 21,000 homes while offsetting 96,000 metric tonnes of carbon emissions annually. Furthermore, the project will supply clean energy through long-term power purchase agreements with Executive Energy Services and the Michigan Public Power Agency (MPPA). Project inauguration is scheduled in October 2026.

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GridStor reaches financial close for 400 MWh BESS in Arizona

GridStor reaches financial close for 400 MWh BESS in Arizona

September 22, 2026 | , ,

GridStor has closed a $220 million financing agreement for the development of the White Tank battery energy storage system (BESS) in Maricopa County, Arizona. The project has an installed capacity of 100 MW/400 MWh. The project financing comprises tax equity bridge, construction and term debt with participation from ING Capital, KeyBank and Zions Capital Markets. Furthermore, the project will operate under a 20-year tolling agreement with Arizona Public Service and is expected to be commissioned in the first half of 2027.

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