Category: News America

Bridge Renewable Energy secures loan for solar and storage project portfolio

Bridge Renewable Energy secures loan for solar and storage project portfolio

October 24, 2025 | , , ,

Bridge Renewable Energy has closed an $80 million delayed draw term loan facility along with a $5 million revolving credit facility. The facility primarily includes a construction-to-term loan, along with provisions for preferred equity bridge and tax credit bridge loan capacity. The financing has been arranged in partnership with Investec Bank, with additional commitments from Amalgamated Bank and Farmer Mac. 

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LRE commences operations of 177 MW solar project in Tennessee

LRE commences operations of 177 MW solar project in Tennessee

October 23, 2025 | , ,

Leeward Renewable Energy (LRE) has completed construction and commenced commercial operations at the 177 MW Ridgely solar project in Lake County, Tennessee. The facility supplies power to the Tennessee Valley Authority under a long-term agreement aimed at meeting the growing electricity demand in the region. The project is expected to generate around Rs 250 million in property tax revenue over its operational life. 

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Eos Energy and MN8 Energy ink 750 MWh BESS supply agreement

Eos Energy and MN8 Energy ink 750 MWh BESS supply agreement

October 22, 2025 | , ,

Eos Energy Enterprises has entered into a supply agreement with MN8 Energy to provide up to 750 MWh of battery energy storage systems across a range of renewable projects in US. The partnership will utilise Eos’ next-generation Z3 energy storage systems to support projects designed to deliver dispatchable power for large energy consumers. The initial phase of deployment will include 200 MWh of BESS with 10-hour discharge.

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Atlas Renewable Energy secures financing for solar-plus-storage project in Chile 

Atlas Renewable Energy secures financing for solar-plus-storage project in Chile 

October 22, 2025 | , , ,

Atlas Renewable Energy has closed a $475 million financing package for the Copiapó solar project, a hybrid solar and battery energy storage system (BESS) located in Chile’s Atacama region. The company collaborated with BBVA, Banco de Crédito e Inversiones (BCI), Crédit Agricole Corporate and Investment Bank (CACIB), Natixis Corporate and Investment Banking (Natixis CIB), SMBC, and Société Générale to secure the financing.

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Fluence and Torch join forces for 160 MW BESS project in Arizona

Fluence and Torch join forces for 160 MW BESS project in Arizona

October 16, 2025 | , ,

Fluence Energy and Torch Clean Energy have announced a partnership for the Winchester solar-plus-storage project in Cochise County, Arizona. The project, being developed by Torch Clean Energy, will use Fluence’s Gridstack Pro 5000 energy storage system. The project will feature two identical battery energy storage systems (BESS) providing a combined capacity of 160 MW/640 MWh, alongside two 80 MW solar projects.

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Geronimo Power begins construction of solar project in Illinois

Geronimo Power begins construction of solar project in Illinois

October 15, 2025 | , ,

Geronimo Power has commenced construction at the 150 MW Bee Hollow solar project in St. Clair County, Illinois. The project, situated within the Midcontinent Independent System Operator market, is expected to deliver economic benefits to the region through tax revenue, local employment, and spending. It will be developed by Geronimo Power, with the engineering, procurement, and construction undertaken by Burns & McDonnell.

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Advanced Power sells 200 MW BESS project in Texas

Advanced Power sells 200 MW BESS project in Texas

October 10, 2025 | , ,

Advanced Power has completed the sale of Rock Rose Energy Storage LLC. The Rock Rose Energy Storage project is a standalone 200 MW/400 MWh battery energy storage system (BESS) project located in Fort Bend County, Texas. Advanced Power received financial advisory support from PEI Global Partners for the transaction. The project is scheduled to commence operations in 2027.

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Xcel Energy proposes 200 MW distributed battery storage network in Minnesota

Xcel Energy proposes 200 MW distributed battery storage network in Minnesota

October 9, 2025 | , ,

Xcel Energy has proposed a large-scale distributed battery storage network across Minnesota to address rising electricity demand and improve grid efficiency. Under its Capacity*Connect proposal, the company plans to install up to 200 MW of battery storage at selected sites by 2028 in partnership with Sparkfund. The distributed storage units will be installed at commercial, industrial, and nonprofit locations across the state.

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Brookfield raises $20 billion for Global Transition Fund II

Brookfield raises $20 billion for Global Transition Fund II

October 8, 2025 | ,

Brookfield has announced the final institutional close of its flagship energy transition strategy, Brookfield Global Transition Fund II, raising $20 billion in fund commitments and strategic capital from both existing and new investors. In addition to the fund commitments, approximately $3.5 billion has been secured through co-investments across its portfolio, bringing the total capital raised under this strategy to $23.5 billion. 

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Apollo Funds to acquire Eagle Creek Renewable Energy

Apollo Funds to acquire Eagle Creek Renewable Energy

October 8, 2025 | ,

Apollo-managed funds have reached an agreement to acquire Eagle Creek Renewable Energy, an independent owner and operator of hydroelectric power facilities across US. Reportedly, financial terms for the transaction were not disclosed. Furthermore, the transaction is subject to customary closing requirements, including regulatory clearances, and is expected to conclude in the first quarter of 2026.

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Enlight secures $340 million for solar-plus-storage project in Arizona

Enlight secures $340 million for solar-plus-storage project in Arizona

September 30, 2025 | , , ,

Enlight Renewable Energy, through its US subsidiary Clēnera Holdings, has completed two tax equity partnership agreements for the Roadrunner solar and battery energy storage system (BESS) project in Tucson, Arizona. The solar component has been backed by J.P. Morgan with a tax equity contribution at commercial operation date (COD). The storage component received tax equity financing from M&T Bank and First Citizens Bank at COD. 

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Norges Bank commits $1.5 billion to Brookfield’s Global Transition Fund II

Norges Bank commits $1.5 billion to Brookfield’s Global Transition Fund II

September 29, 2025 | ,

Norges Bank Investment Management has entered into an agreement with Brookfield Asset Management to commit $1.5 billion to Brookfield’s Global Transition Fund II (BGTF II). BGTF II will direct these investments toward business transformation, clean energy, and sustainable solutions. This is Norges Bank Investment Management’s first investment in an energy transition fund.

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New York launches ninth renewable energy solicitation round

New York launches ninth renewable energy solicitation round

September 29, 2025 | ,

The New York State Energy Research and Development Authority (NYSERDA) has announced the 2025 Land-Based Renewable Energy Standard request for proposals (RESRFP25-1) which seeks to procure large-scale wind, solar, and other renewable energy projects to boost deployment of clean energy across the state. The solicitation aims to advance large-scale renewable energy projects toward construction.

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TotalEnergies sells 50 per cent of 1.4 GW North American solar portfolio 

TotalEnergies sells 50 per cent of 1.4 GW North American solar portfolio 

September 29, 2025 | , ,

TotalEnergies has entered into an agreement with KKR-managed insurance vehicles and accounts for the sale of a 50 per cent of the 1.4 GW solar portfolio in North America. The deal values the portfolio at an enterprise value of $1.25 billion. The portfolio includes six large-scale solar projects with a cumulative capacity of 1.3 GW and 41 distributed generation projects totalling 140 MW.

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Sol Systems completes 342 MW solar project in Illinois

Sol Systems completes 342 MW solar project in Illinois

September 26, 2025 | , ,

Sol Systems has announced the completion of its Eldorado solar project located in Saline County, Southeastern Illinois. The project, developed in partnership with Nextracker as the solar tracking system supplier and SOLV Energy as the construction contractor, has a capacity of 342 MWdc. The project incorporates an agrivoltaics initiative to cultivate Kernza, a perennial grain, beneath the solar panels.

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Georgia Power issues RFP for 500 MW ESS

Georgia Power issues RFP for 500 MW ESS

September 24, 2025 | , ,

Georgia Power has announced its 2025 Request for Proposals (RFP) to procure 500 MW of energy storage system (ESS) capacity. The RFP was approved by the Georgia Public Service Commission (PSC), as part of the 2022 Integrated Resource Plan. Additionally, it seeks to bring the ESS projects online by 2031. The RFP will be managed by Ascend Analytics as an independent evaluator on behalf of Georgia Power.

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OCI Energy secures financing for Texas BESS project

OCI Energy secures financing for Texas BESS project

September 23, 2025 | , ,

OCI Energy has closed construction financing for Project Alamo City, a standalone battery energy storage system (BESS) project in Bexar County, Texas. The financing package consists of a construction-to-term loan, a tax equity bridge loan, and letters of credit. The debt was underwritten by ING, which acted as sole coordinating lead arranger, bookrunner, and green loan coordinator, in addition to serving as administrative agent.

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Nofar secures 1 GW of US solar project portfolio

Nofar secures 1 GW of US solar project portfolio

September 22, 2025 | , ,

Nofar USA, a wholly-owned subsidiary of Nofar Energy, has secured more than 1,000 MW of solar development projects across several US markets through acquisitions and exclusive development agreements. The transactions will expand the company’s portfolio to include both utility-scale and distributed generation projects. Commercial operations for these projects are scheduled between 2026 and 2029.

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GridStor acquires 400 MWh BESS in Arizona

GridStor acquires 400 MWh BESS in Arizona

September 19, 2025 | , ,

GridStor has acquired the 100 MW/400 MWh White Tank battery energy storage system (BESS) project in Arizona from Strata Clean Energy. The project, located in Maricopa County, will operate under a 20-year tolling agreement with Arizona Public Service (APS). The project is scheduled to begin operations in the first half of 2027, with Strata continuing to provide consultative support until commercial operations commence.

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