ENERGO-PRO has inked an agreement to purchase the large hydropower plant Baixo Iguaçu situated in Brazil. This hydropower plant has a total capacity of 350 MW. The Baixo Iguaçu plant was constructed in 2019 on the Iguaçu River in the state of Paraná. Furthermore, the purchase price of the power plant exceeds €250 million. The purchase is financed by a combination of ENERGO-PRO’s own funds and external sources.
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ENGIE Brasil Energia has inked an agreement for the acquisition of two hydropower plants. These are the Santo Antônio do Jari hydropower plant situated in the states of Amapá and Pará and the Cachoeira Caldeirão hydropower plant in the state of Amapá. The transaction is valued at approximately R$2.9 billion out of which approximately R$2.3 billion is in equity and approximately R$671 thousand in net debt.
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Invenergy has reached the commercial operations of the Sauk Valley Hydrogen facility. This is a 5 acre clean hydrogen project situated in Rock Falls, Illinois. This hydrogen facility will utilise power from Invenergy’s co-located solar facility and Ohmium International’s electrolyser technology. Furthermore, using Invenergy’s co-located solar and electrolyser facility, the green hydrogen plant can produce up to 40 metric tonnes of clean hydrogen annually.
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Nofar USA (Nofar) and Qcells have inked an agreement for the development and construction of two battery energy storage system (BESS) projects. These two projects will have a combined capacity of 350 MW and a 2 hour duration. The projects are Bracero Pecan with a capacity of 230 MW/460 MWh situated in Reeves County and Fairway with a capacity of 120 MW/240 MWh in Freestone County. These projects are in the final stages of interconnection approvals.
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Zelestra and Abastible have inked a long-term power purchase agreement (PPA) for the sale of electricity from 100 per cent renewable sources. Under this agreement, the companies will utilise a tailor-made energy solution that consists of a 220 MWdc solar PV plant and a 1 GWh battery energy storage system. Furthermore, this hybrid plant is situated in Tarapacá, Chile, and has already commenced construction.
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Verdagy has selected Black & Veatch as a front-end engineering design (FEED) contractor for its 60 MW clean hydrogen project. It has a production capacity exceeding 9,000 tonnes of clean hydrogen annually. Furthermore, FEED is targeted for completion in May 2025, and the final investment decision in July 2025. This project will utilise Verdagy’s eDynamic electrolysers and will match ESCORT’s grid’s energy variations.
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RWE and Meta have inked a power purchase agreement (PPA) for offtake from a 200 MW solar project situated in Texas. Under this agreement, Meta will purchase 100 per cent of the output from RWE’s Waterloo Solar project in Bastrop County. This project will commence construction later in 2025. Furthermore, this project once operational will support Meta’s goal of matching its operations with 100 per cent clean and renewable energy.
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Quinbrook Infrastructure Partners (Quinbrook) has reached financial close of debt financing for Cleve Hill Solar Park (Cleve Hill). This is a solar plus battery storage project currently under construction. The project has a solar capacity of 373 MW and a storage capacity of 150 MW and is expected to commence operations in 2025. Furthermore, the project financing combines a GBP 218.5 million term loan and a GBP 20 million VAT facility.
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The Canada Infrastructure Bank has achieved financial close of a $117.4 million loan for the construction of a 94.4 MW Weavers Mountain Wind Energy Project. This project is situated in Nova Scotia’s Antigonish and Pictou counties. It includes 16 Nordex turbines with a hub height of 125 meters. It also consists of anti-icing system blade technology and a 25-year power purchase agreement. Additionally, the project is expected to begin commercial operations in late 2026.
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Electric Hydrogen has partnered with Titan for the fabrication and assembly of 100 MW electrolyser plant product. This process will be carried out at Titan’s facility in Columbus, Texas. This plant enables a reduction of up to 60 per cent in total installed costs for electrolytic hydrogen. Furthermore, the hydrogen plant was pre-assembled and pre-tested before being shipped to the customer site.
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RES has completed the development phase and has commenced construction of the 168 MW Goose Harbour Lake Wind Farm in Nova Scotia on behalf of Port Hawkesbury Paper Wind Ltd (PHPW). The project is expected to reduce greenhouse gas emissions by over 350,000 tonnes annually. With a total investment of $450 million, the project is slated to begin commercial operations in 2026.
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CDPQ and Innergex Renewable Energy Inc. have inked a definitive agreement under which CDPQ will acquire all issued and outstanding common shares of Innergex for $13.75 per share in cash. This represents a 58 per cent premium over Innergex’s current share price of $8.71. Furthermore, CDPQ will also acquire all issued and outstanding preferred shares of Series A and C for $25.00 per share in cash.
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SMT Energy has secured financing for a 160 MW/320 MWH battery energy storage system project (BESS) named SMT Houston IV in Houston. The project is expected to begin commercial operations in the second quarter of 2026. Macquarie Group and KeyBanc Capital Markets were key arrangers in a $100 million financing facility for the project.
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Arevon Energy has completed financing for its 200 MW/ 400 MWh Peregrine energy storage project. Peregrine is a battery energy storage system (BESS) project located in the Barrio Logan community of San Diego, California. Arevon secured a $179 million debt package for the project, which will serve as a bridge to a preferred equity and tax credit transfer takeout. Furthermore, Santander acted as the administrative agent and coordinating lead arranger, along with CoBank and ACB, for the project.
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EDP Renewables North America (EDPR NA) has launched the 100 MW Ragsdale Solar Park (Ragsdale) in Madison Country, Mississippi. The project became operational in the fourth quarter of 2024 and will supply power directly to Entergy Mississippi’s transmission system. This project will provide sufficient energy to power around 15,700 homes in Mississippi annually. Furthermore, Amazon has contracted for entire 100 MW capacity of the project through a 15-year power purchase agreement (PPA).
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Aslan Energy Capital has signed a MoU to supply 100,000 tonnes per annum (TPA) of sustainable hydrogen to CalYan XGH. This green hydrogen will be supplied from Aslan Energy Capital’s Aslan Net-Zero Energy Mexico (ANEM) Project in Mexico. This is a solar-powered facility dedicated to producing green hydrogen and green ammonia and will be operational by 2028. The collaboration aims to establish a clean hydrogen supply chain to California. Furthermore, Aslan will oversee the delivery of hydrogen to the Southern California border.
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Hydrostor has secured a $200 million investment for the development of Advanced Compressed Air Energy Storage (A-CAES) projects in Canada and around the world. This investment was secured from Canada Growth Fund (CGF), Goldman Sachs Alternatives, and Canada Pension Plan Investment Board (CPP Investments). The investment includes a $150 million convertible note financing commitment from these investors. Additionally, CGF has provided a $50 million convertible development expenditure loan facility.
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Neoenergia, the Brazilian subsidiary of Iberdrola, has sold the Baixo Iguaçu hydroelectric power plant to EDF and STOA. Iberdrola through Neoenergia controlled 70 per cent of the hydroelectric power plant which is located in Paraná. The plant has an installed capacity of 350 MW and 172 MWm of assured energy. Furthermore, the operation is valued at €240 million. Additionally, this transaction also reinforces Iberdrola’s asset rotation strategy.
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Enel North America has commenced operations of the Estonian solar-plus-storage plant which is situated in Delta County, Texas. This solar plus storage project consists of a 202 MW solar photovoltaic facility along with a 104 MW battery energy storage system. Furthermore, Estonian Solar is supported by a power purchase agreement (PPA) with BXP Inc. and Capri Holdings Limited. The project is expected to generate approximately 499 GWh of clean electricity each year.
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BrightNight and Cordelio Power have inked a power purchase agreement (PPA) with Arizona Public Service (APS). Under this agreement, APS will procure carbon-free energy from BrightNight and Cordelio’s clean energy center. This is a hybrid facility featuring 300 MW of solar capacity and 1,200 MWh of battery energy storage. The facility will deliver reliable, affordable, and clean electricity to APS customers, support the region’s growing energy needs, and enhance grid resilience.
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