Iberdrola has reached an agreement to purchase a 30.29 per cent stake in Neoenergia from PREVI. With this acquisition, Iberdrola will hold approximately 84 per cent of Neoenergia’s share capital. The agreed price of 32.5 BRL per share represents a total cash payment of 11.95 billion BRL, equivalent to about €1.88 billion. The completion of this transaction remains subject to the necessary regulatory approvals.
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Nautilus Solar Energy has closed a $275 million long-term debt facility. The financing will support the development of more than 25 community solar projects expected to become operational within the next year across Illinois, Maryland, Delaware, New York, and Rhode Island. These projects will reportedly add over 130 MW of capacity to local grids. Additionally, they will expand Nautilus’s total operating and managed portfolio to 700 MW.
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SK On has signed a multi-year supply agreement with Flatiron Energy. As a part of the agreement, SK On will provide up to 7.2 GWh of battery energy storage system (BESS) capacity for Flatiron’s utility-scale projects across New England and other states through 2030. SK On will first deliver containerised BESS units with 1 GWh of lithium iron phosphate (LFP) batteries for a project in Massachusetts.
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LS Energy Solutions has commenced commercial operations for the Big Rock energy storage system (ESS) project in Imperial County, California. The project has a capacity of 200 MW/400 MWh and was developed in partnership with Gore Street Energy Storage Fund (GSF). The project will be providing resource adequacy (RA) and ancillary services to the California Independent System Operator (CAISO) grid.
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Ingeteam has provided photovoltaic (PV) inverters for the Parliament Solar project located in Waller County, near Houston, Texas. The project has a capacity of 640 MWdc, and is expected to generate nearly 1,100 GWh of electricity annually. The company’s scope of delivery for the project included 149 units of its 149 INGECON® SUN 3Power Series C liquid-cooled central photovoltaic inverters.
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Scatec has entered into a 15-year power purchase agreement (PPA) with BTG Pactual Comercializadora de Energía, a Colombian energy trading subsidiary of Banco BTG Pactual S.A. Brazil. The agreement will secure about 85 per cent of the output from a 130 MW solar project, while the rest of it will be traded in Colombia’s electricity market. The project will be Scatec’s first in Colombia. The total capital expenditure is estimated at $110 million.
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Ferrovial has announced plans to develop a 250 MW solar photovoltaic facility in Milam County, Texas, representing an investment of approximately $355 million, including debt. The company will handle the construction, operation, and maintenance of the plant, which will supply reliable electricity to the Texas grid.
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New York has awarded more than $11 million to five clean hydrogen research and development (R&D) projects aimed at demonstrating newer technological designs, reducing costs in the storage and distribution of clean hydrogen, and deploying hydrogen-powered transportation. The projects have been funded through the New York state’s $6 billion Clean Energy Fund, which spans a 10-year period.
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The US Department of Commerce has launched a national security investigation into imports of wind turbines and their components under Section 232 of the Trade Expansion Act of 1962. The investigation was initiated on August 13, 2025, and is intended to assess the impact of such imports on the country’s security. Public comments, data, and analyses related to the matter should be submitted to the Bureau of Industry and Security.
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The Government of Canada has announced an investment of more than $13 million for five projects aimed at electricity grid modernisation in Ontario. The funding is being provided under the Energy Innovation programme – Smart Grids Demonstration call for proposals. Funding support includes $6 million for a project in Mississauga by Alectra Utilities Corporation, as well as $3.14 million for a Toronto-based platform by Peak Power Inc.
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Diamond Infrastructure Solutions has signed an agreement with Third Pillar Solar, granting access to its Texas reservoir system for the assessment and potential deployment of utility-scale floating solar projects. The collaboration is expected to reach a capacity of up to 500 MW. The projects will utilise unused reservoir surfaces to generate clean energy along with reducing freshwater loss from evaporation.
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Sabanci Renewables has acquired the Lucky 7 Solar project from OCI Energy. Lucky 7 Solar is a 100 MWac/130 MWdc solar project located in Hopkins County, Texas, within the ERCOT-North market. The project spans about 745 acres and will supply electricity to the grid to support rising demand in the region. It is expected to begin commercial operations in 2027. The project was developed by OCI Energy before the transaction.
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The US Internal Revenue Service has released new regulations outlining stricter requirements on when construction of wind and solar projects is considered to have begun, for determining whether such projects are subject to the credit termination provisions in line with the One Big Beautiful Bill Act. The legislation terminates the clean electricity production and investment credits for projects placed in service after December 31, 2027.
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Copenhagen Infrastructure Partners (CIP), through its flagship fund CI V, has acquired 100 per cent stake in the Beehive battery energy storage system (BESS) from EDF Power Solutions North America. The project has a capacity of 250 MW with a four-hour duration, equal to 1,000 MWh, and is located in Peoria, Arizona. Construction for the project began in early 2025 under EDF, and CIP will now oversee the remaining work.
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The International Finance Corporation (IFC) has approved a corporate loan of up to $600 million for ENGIE Energía Perú. The financing is directed towards renewable energy development and energy transition. The first tranche ($120 million) is structured as a green and sustainability-linked loan. Proceeds from the financing will be directed toward three projects. Moreover, the loan is linked to three performance indicators.
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Vestas has received a 274 MW order from EDF Power Solutions North America for the Madawaska wind project in Québec, Canada. The order includes the supply of 25 EnVentus V162-6.0 MW wind turbines and 20 EnVentus V162-6.2 MW wind turbines. Furthermore, the agreement covers a 10-year active output management 5000 service contract. Delivery of the turbines is scheduled to begin in the third quarter of 2026, with commissioning scheduled for the fourth quarter of 2027.
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Energy Vault has signed an agreement with Consumers Energy to deliver two battery energy storage system (BESS) projects totalling 75 MW/300 MWh in Michigan. The projects will be located in Iosco and Bay counties. Battery deliveries are scheduled to begin in the fourth quarter of 2025. Construction will begin in the first quarter of 2026, and commercial operations will commence by the fourth quarter of 2026.
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Scatec ASA has reached financial close for its 142 MW solar PV plant currently under construction in Minas Gerais, Brazil. The non-recourse project financing includes $27 million from Banco de Nordeste do Brasil, covering 30 per cent of the total estimated capital expenditure of $91 million. The project is expected to achieve commercial operation in the first half of 2026.
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Arevon Energy has commenced construction on the Nighthawk Energy Storage Project in Poway, California. The standalone battery energy storage system (BESS) will have a capacity of 300 MW/1,200 MWh and will support grid reliability by supplying power during peak demand for up to four hours daily. The project is being developed, owned, and operated by Arevon at an estimated cost of $600 million.
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Fotowatio Renewable Ventures (FRV) has partnered with Envision to develop the H2 Cumbuco green ammonia project located at the Port of Pecém, Brazil. Envision has been selected for its expertise in integrated renewable energy systems, coordinated through AI-based technology. The H2 Cumbuco project will consist of an electrolysis plant of up to 500 MW capacity and an integrated ammonia plant.
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