Category: News America

Cubico and CFE to develop 578 MW renewables in Mexico

Cubico Sustainable Investments has signed a joint venture (JV) agreement with Mexico’s Federal Electricity Commission (CFE) to develop 578 MWac of renewable energy projects across Mexico. The agreement includes five clean energy projects awarded to Cubico under CFE’s Mixed Investment Scheme, along with 175.7 MW/500 MWh of 3-hour duration battery energy storage. 

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Spearmint Energy secures approval for 600 MWh Minnesota BESS

Spearmint Energy has received approval from the Minnesota Public Utilities Commission (PUC) for the Midwater energy storage project. The project includes a 150 MW/600 MWh standalone battery energy storage system (BESS) located in Freeborn County, Minnesota. The project will be built on 10-20 acres of land adjacent to the Glenworth Substation. The Midwater BESS project is Spearmint’s second BESS project to secure state permitting in Minnesota, following the approved Snowshoe Energy Storage Project in Olmsted County.

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Avantus signs PPA for solar-plus-BESS project in California

Avantus has signed a 20-year power purchase agreement (PPA) with Clean Power Alliance (CPA) for the Rexford 2 solar and battery energy storage system (BESS) project. The project is located in Tulare County, California. It will combine 200 MWac of solar generation with 200 MW/800 MWh of battery energy storage. Additionally, it will supply enough clean electricity to power around 84,000 homes.

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GIP acquires majority stake in Summit Ridge Energy 

Global Infrastructure Partners (GIP), part of BlackRock, has agreed to acquire a majority and controlling stake in Summit Ridge Energy in US. Summit Ridge Energy, founded in 2017, develops, owns, and operates solar and energy storage projects across the Midwest, Mid-Atlantic, and New England.The transaction remains subject to customary regulatory approvals and closing conditions.

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PureSky Energy secures refinancing for US community solar portfolio

PureSky Energy has secured $183.7 million in investment-grade refinancing for its operating community solar portfolio in the US. The transaction combines eight debt portfolios into a single financing structure.The portfolio includes 211 MWdc of solar capacity and 58 MWh of battery energy storage system (BESS). The portfolio spans across 43 projects in Massachusetts, New York and Minnesota.

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Sol Systems reaches financial close for 123 MW US solar portfolio 

Sol Systems has achieved financial close for its 123 MWac Peoria Solar Portfolio located in Illinois, US. The projects represent an investment of $355 million and are being financed through Sol Systems’ revolving construction warehouse facility. The projects will be developed across Knox, Tazewell and Peoria Counties. The projects are expected to become operational in 2027.

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Avantus secures $525 million for Aratina 2 hybrid project in California

Avantus has secured approximately $525 million in financing for the Aratina 2 solar and battery energy storage (BESS) project located in Kern County, California. The project financing was provided by BBVA, CIBC, and Santander. The financing package includes construction funding, a tax equity bridge loan, and letters of credit. The project, currently under construction, will deliver 150 MWac of solar capacity and 452 MWh of BESS capacity by the end of 2026.

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Pattern Energy and SRP sign 600 MW PPA for SunZia wind project 

Pattern Energy and Salt River Project (SRP) have signed a power purchase agreement (PPA) for up to 600 MW of electricity from the SunZia wind project in the US Southwest. The SunZia wind project has an installed capacity of 3,650 MW. The project is supported by a 550-mile high-voltage direct current (HVDC) transmission line and represents an $11 billion clean energy investment. 

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Linea Energy closes financing for Michigan solar project 

Linea Energy has closed a tax equity financing with Crux for its 172 MWdc Watertown solar project located in Sanilac County, Michigan. The Crux investment completes the project’s financing, bringing the total capital raised to $457 million, including a previously announced $299 million debt package by Santander Corporate & Investment Banking, Société Générale, S.A., Norddeutsche Landesbank Girozentralecon, and Truist Bank.

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Opdenergy secures $227 million for Chile renewables portfolio

Opdenergy has secured $227 million in financing for its operational renewable energy portfolio in Chile. The financing was provided by SMBC, BNP Paribas and ICO and is backed by long-term DISCO and private power purchase agreements with investment-grade off-takers, comprising the 104 MWp Sol de Los Andes solar plant and 90 MW/513 MWh Sol de Los Andes BESS, both in the Atacame region.

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Scatec commissions 142 MW solar plant in Brazil

Scatec ASA has commenced commercial operations of the 142 MW Rio Urucuia solar power plant in Minas Gerais, Brazil. This project expanded Scatec’s Brazilian installed capacity to 835 MW. The project operates under a 10-year power purchase agreement (PPA) with Statkraft, covering around 75 per cent of expected generation, with the remaining output to be sold through the spot market and additional PPAs. 

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Earthrise commissions 270 MW solar project in Illinois

Earthrise Energy has commenced commercial operations at the Archtop solar project located in Illinois. The project has an installed capacity of 270 MWac and comprises the Gibson City Solar 1 and 2 facilities. The project is the first to utilise the Earthrise’s surplus interconnection strategy, enabling new solar generation to leverage the existing grid infrastructure of its Gibson City natural gas peaking plant. 

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Grenergy signs 1 TWh power supply deal in Chile 

Grenergy has signed a power purchase agreement (PPA), securing a 15-year contract to supply 1 TWh of electricity annually to an investment-grade global utility in Chile. The agreement will be effective between July and October 2026. The agreement involves supply of electricity during non-solar hours from the Elena battery energy storage  (BESS) project in the Antofagasta region. 

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Enlight secures financing for CO Bar Complex in Arizona

Clēnera Holdings, subsidiary of Enlight Renewable Energy, has secured a debt financing framework agreement for the CO Bar Complex in Arizona, US. The complex represents a total investment of $2.9-$3.05 billion, supported by $1.705 billion in term debt and expected tax equity proceeds of $1.45-$1.53 billion. Financing commitments totaling approximately $2.6 billion were provided by BNP Paribas Securities Corp., Crédit Agricole CIB, MUFG Bank, Ltd., Natixis, New York Branch, Norddeutsche Landesbank Girozentrale, New York Branch, Societe Generale, and Wells Fargo Securities, LLC. 

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Brazil’s Petrobras approves $1.2 billion renewable fuels investment

Petrobras has approved the final investment decision for the RPBC Biorefining project at the Presidente Bernardes Refinery in Cubatão, São Paulo, Brazil. The project represents an estimated investment of approximately $1.2 billion. The project involves the construction of a facility capable of producing up to 15,000 barrels per day of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel. 

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rPlus Energies commissions 400 MW solar plus BESS project in Utah

rPlus Energies has commenced commercial operations at the Green River Energy Center located in Emery County, Utah. The project features 400 MW of solar generation capacity and a 400 MW/1,600 MWh battery energy storage system (BESS). The project is expected to generate over $55 million in property tax revenue to support local schools and public services. The project was commissioned on June 22, 2026. 

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Pattern Energy commissions 3.65 GW SunZia wind project in US 

Pattern Energy Group has commenced operations at SunZia renewable energy project in US. The project comprises a 3.65 GW wind generation facility and a 550-mile high-voltage direct current transmission line, delivering renewable power from New Mexico to Arizona and across the western US grid. At full capacity, the project can generate enough electricity to power approximately one million homes annually. 

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