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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Leeward Renewable Energy (LRE) has commenced construction on the Twelvemile Solar 1 & 2 project portfolio. The portfolio has a combined capacity of 152 MW and is situated in southern Oklahoma, US. Power delivery by the project is anticipated to commence early in 2026. The projects are part of LRE’s 724 MW solar portfolio in the state, which also includes the Mayes County Solar Portfolio.
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Nautilus Solar Energy, on behalf of its affiliate Nautilus US Power Holdco (NUPH), has unveiled a $275 million tax equity partnership with Greenprint Capital. The investment will support around 25 to 30 community solar projects that will deliver over 130 MW of clean energy across the states of Maryland, New York, Rhode Island, and Delaware. NUPH is the long-term owner of the projects.
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Exus Renewables North America (Exus) has completed $308.2 million financing for several utility-scale renewable energy projects in US. The transactions involve the 185 MW Zia solar power solar portfolio located in New Mexico and the 169 MW Keystone wind portfolio situated in Pennsylvania. The company obtained $149.6 million for Zia Solar Power’s portfolio, which includes nine operational solar farms across New Mexico.
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Xcel Energy has announced a portfolio of new power projects. The projects will help in meeting the increasing energy demands of the company’s Texas and New Mexico service area. The portfolio consists of extensions of 521 MW of existing generation along with the addition of 17 new power projects. By 2030, the new power projects will add 5,168 MW of nameplate capacity to the region’s generation fleet.
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ACCIONA Energía has commenced construction of San José project. Located in the district of La Joya in Peru, the photovoltaic project has a capacity of 177.9 MWp. It will commence operations by the end of 2026. Furthermore, it will produce 488 GWh of clean electricity per year. The clean electricity generated will be sufficient to be supplied to 325,000 people and will avoid the annual emission of 255,000 tonnes of carbon.
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bp has agreed to sell its US onshore wind business, bp Wind Energy to LS Power. bp Wind Energy, following the close, will be owned and operated as a part of LS Power portfolio company Clearlight Energy, thereby increasing its operating fleet to around 4.3 GW. The deal is anticipated to conclude by the end of 2025. bp Wind Energy has interests in ten operating onshore wind energy assets, operating nine of them.
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Geronimo Power has commenced construction at its Portage solar project in Wisconsin, US. The project has a capacity of 250 MW. Located within the Midcontinent Independent System Operator (MISO) market, the project has joined Apple River Solar, which commenced construction earlier in 2025 in Polk County, Wisconsin. The project will deliver over $73 million in direct economic impact over its first 20 years of operation.
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Brookfield Asset Management, along with Brookfield Renewable, has signed a hydro framework agreement (HFA) with Google to deliver up to 3,000 MW of carbon-free hydroelectric capacity across US. The first contracts executed under this framework cover Brookfield’s Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, amounting to 670 MW of capacity with a total contract value of over $3 billion.
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The World Bank has approved an operation to support the green hydrogen strategy of Pecém Industrial and Port Complex Company (CIPP) and the Government of Ceará. CIPP is located in Ceará, in Northeastern Brazil, and is an industrial and logistics hub. It is also a leading location for the development of a hydrogen hub in Brazil. The initiative will enable the production of clean hydrogen in the Complex of Pecém.
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Lydian Energy has secured $233 million in project financing to support three battery energy storage system (BESS) projects in Texas’ ERCOT power market. ING and KeyBank backed the financing. The three projects are Pintail, Crane, and Headcamp, having a combined capacity of 550 MW. The projects are currently under construction and are expected to be placed in service in the fourth quarter of 2025.
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US President Donald Trump has signed an executive order for the elimination of subsidies for unreliable green energy sources like wind and solar. The move is in furtherance of the One Big Beautiful Bill Act. It directs the Secretary of the Treasury to terminate the clean electricity production and investment tax credits for wind and solar facilities. It also instructs for the implementation of the enhanced Foreign Entity of Concern restrictions.
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Ecopetrol SA (Ecopetrol) has fully acquired the shares of Compañía Wind Autogeneración SAS, which is the owner of the Windpeshi wind project. The project is situated in La Guajira between the municipalities of Uribia and Maicao. It has a capacity of 205 MW for wind energy production. Furthermore, the Windpeshi project will be integrated into the self-consumption portfolio of Ecopetrol Group.
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The US Senate has passed the One Big Beautiful Bill, bringing changes to the country’s renewable energy framework. The bill was passed with a 51-50 vote, with Vice President JD Vance casting the tie-breaking vote. The bill introduces an accelerated phase-out of tax credits for wind and solar energy projects. The projects must begin construction before June 2026 and be operational by the end of 2027 to qualify for the production and investment tax credits.
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CAF, which is the development bank of Latin America and the Caribbean, has approved a $100 million loan to aid the energy sector reform in the Bahamas. The approved resources will help the government of Bahamas in the implementation of key elements of its National Energy Policy. This includes strengthening the regulatory framework, modernising infrastructure, promoting renewable energy, and improving energy efficiency.
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Arevon Energy has secured the closing of a $600 million credit facility with an option to increase up to $850 million. The facility will enable the company to expand its development portfolio of solar and energy storage assets across US. The facility consists of a $350 million revolving loan and letter of credit facility and a $250 million project letter of credit facility. Furthermore, the facility also consists of provisions for green loan reporting and sustainability linked metrics.
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Zelestra, through a $282 million project financing package, has achieved financial close of the Aurora project in Chile. The financing package has been agreed with Natixis CIB and BNP Paribas, with a VAT facility granted by BCI. The project includes approximately 1 GWh of energy storage and a 220 MWdc solar plant. The project will produce approximately 600 GWh of renewable electricity per year.
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Arevon Energy has commenced commercial operations at its Peregrine energy storage project. It is a 200 MW/400 MWh battery storage project in San Diego, California. The $300 million project was developed and is fully owned and operated by Arevon. The project features modern lithium-iron phosphate batteries. Furthermore, it employed over 90 full-time equivalent personnel at the height of construction.
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