Category: News America

NorthStar Clean Energy completes 120 MW solar project in  Michigan

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 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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Ashmore Colombia sells 300 MW solar project to ISAGEN

Ashmore Colombia, a subsidiary of Ashmore Group, and its shareholder Patria Investments have agreed to sell 100 per cent stake in the Parque Solar Puerta de Oro project to ISAGEN. The project, located in Guaduas, Cundinamarca, is spread across 530 hectares and has an installed capacity of 360 MWp (300 MWac). The project comprises approximately 511,000 solar modules.

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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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RWE and Oracle sign 433 MW wind VPPA in Texas

RWE has signed a virtual power purchase agreement (VPPA) with Oracle for 433 MW of electricity from its Panther Creek I, II and III wind farms in West Texas. The projects, located across Sterling, Howard and Glasscock counties, form part of Oracle’s broader portfolio of over 1.7 GW of power investments in Texas. Furthermore, Panther Creek I and II projects were repowered in 2019, while Panther Creek III wind farm was repowered in 2021.

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EDF reaches financial close on 394 MW Utah Solar 1 project

EDF Power Solutions North America has achieved financial close on the Utah Solar 1 project in Millard County, Utah. The project has an installed capacity of 394 MWdc/300 MWac and is expected to enter full construction, with power delivery expected to commence in mid-2027. The project, backed by a 30-year power purchase agreement with the Southern California Public Power Authority, is expected to generate approximately 766,000 MWh of electricity annually.

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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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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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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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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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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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Headwater Energy and Meta ink 125 MW solar PPA in US 

Headwater Energy has signed a power purchase agreement (PPA) with Meta for the Orca Falls Solar project. The project has an installed capacity of 125 MW and is located in Navarro County, Texas. Project construction is expected to commence in the third quarter of 2026, with commercial operations targeted for November 2027. The project will connect with the ERCOT grid through Oncor Electric Delivery and is expected to generate over $32 million in local tax revenue.

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OCI Energy and Arava Power begin construction of 347 MWdc solar project in Texas 

OCI Energy, Arava Power and partners have broken ground on the SunRoper solar project in Wharton county, Texas. The project has an installed capacity of 347 MWdc, and is expected to commence operations in December 2027. Furthermore, the project, jointly developed by OCI Energy and Arava Power, is being financed by ING Capital, and constructed by WHC Energy Services.

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CVC DIF acquires Gabriela hybrid project in Chile

CVC DIF has completed the acquisition of the Gabriela hybrid project in Northern Chile. The project was acquired  from Grenergy. The project comprises 272 MW of installed solar photovoltaic capacity and 1,100 MWh of battery energy storage (BESS) capacity. The project is also supported by a 15-year dollar denominated, inflation-indexed hybrid power purchase agreement.

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Monarch completes solar-plus-storage projects in Texas

Monarch Private Capital announced completion of two hybrid solar and battery energy storage (BESS) projects in Texas, developed by Sunraycer Renewables, for which it provided tax equity financing. The projects include the Midpoint solar project located in Hill County and the Gaia solar project located in Navarro County. Furthermore, the Midpoint project comprises 127.05 MWdc of solar capacity and a 50 MW/100 MWh BESS while the Gaia project comprises 183.84 MWdc of solar capacity and a 75 MW/150 MWh BESS.

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ENGIE commissions 251 MW BESS projects in Chile

ENGIE has commenced commercial operations for two battery energy storage system (BESS) projects in Chile. The projects include the Libélula and Los Loros BESS, adding a combined 251 MW of storage capacity to the National Electric System. With the addition of these projects, ENGIE’s operational BESS portfolio in Chile has reached 663 MW. Furthermore, the Libélula project, located in the Metropolitan Region, includes a 203 MW/1,034 MWh five-hour duration BESS along with a 140 MW solar plant comprising 245,560 solar panels.

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Canada announces clean energy and transmission investment

The Canadian prime minister, alongside the premiers of Québec, and Newfoundland and Labrador, and the chief executive officers of Hydro-Québec and Newfoundland and Labrador Hydro have announced a package including up to CAD 10 billion in federal financial support and investments to expand clean electricity generation and transmission in Labrador through upgrades to Churchill Falls, development of the Gull Island hydroelectric project, and enabling infrastructure needed to support critical minerals development in the Labrador Trough.

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Maine PUC selects Clearway Energy Group to develop 800 MW wind project 

The Maine Public Utilities Commission (PUC) has selected Clearway Energy Group to develop a wind project in Aroostook county. The wind project will have an installed capacity of 800 MW. Additionally, the commission has selected Avangrid to develop a high-voltage transmission line connecting the project to the New England grid. Furthermore, Maine PUC plans to procure 600 MW of electricity from the project, while the remaining power will be supplied to the other New England states.

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Avantus secures $300 million for Aratina 2 project in California 

Avantus has closed a $300 million tax equity commitment from Truist Bank for the Aratina 2 project located in Kern County, California. The financing supplements more than $525 million in construction financing secured from BBVA, CIBC and Santander in July 2026. The project will provide 150 MW of solar generation and 452 MWh of battery storage to the California grid. 

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