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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Invenergy and Meta have inked four agreements to supply an additional 791 MW of procured solar and wind energy. The agreements will deliver near-term energy to support Meta’s operations, data center growth, and clean energy goals. The agreements are contracted through four Invenergy developed facilities, which are the 300 MW Yellow Wood Solar Energy Center, 140 MW Pleasant Prairie Solar Energy Center, and 155 MW Decoy Solar Energy Center.
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Adapture Renewables has executed two environmental attributes purchase agreements (EAPAs) with Meta. The agreements total 360 MW across two solar projects in Texas’s ERCOT region. The projects are expected to reach commercial operation in 2027. The agreements align with Meta’s sustainability goals and build on three previously executed agreements between the two companies in 2023.
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Cadiz has inked a memorandum of understanding (MoU) with Hoku Energy Limited and its affiliates for the development of a clean energy campus at Cadiz Ranch in California’s Mojave Desert. The MoU provides Hoku Energy with a three-year exclusive option to develop the project at Cadiz Ranch. The project may include green hydrogen production facilities, large-scale renewable and low-carbon power generation, large-scale battery storage facilities.
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Sacramento Municipal Utility District (SMUD) and DESRI have inked a long-term power purchase agreement (PPA) for the Dry Creek energy storage project. The project is a 160 MW/640 MWh battery energy storage system (BESS) situated in Sacramento County. SMUD and DESRI have jointly worked on the project. The system will be charged using renewable energy and other clean sources available on SMUD’s grid.
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Imerys and Akuo have inked a power purchase agreement (PPA) for the supply of renewable electricity in US. The inked agreement will allow Akuo to construct a photovoltaic solar power plant. The solar plant will have an installed capacity of approximately 195 MW, including 57 MW dedicated to Imerys’ operations. The plant is located in Coke County, Texas, and is capable of producing 153 GWh of electricity per year.
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The California Energy Commission (CEC) has approved the Darden Clean Energy Project under the state’s Opt-In Certification program. The project will be built in western Fresno County, California. It consists of a 1,150 MW solar facility and up to 1,150 MW (4,600 MWh) of battery storage. The Opt-In Certification program provides a consolidated state permitting option for eligible clean energy projects.
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Dimension Energy has secured a $360 million construction and term financing for a new 112 MWdc portfolio. The portfolio consists of 28 community solar projects in the states of New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania in US. First Citizens Bank acted as lead debt syndicator, along with ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Additionally, Advantage Capital provided $170 million in tax equity.
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Scale Microgrids has closed $275 million in new project financing, bringing the total financing raised by the company to over $1 billion. The financing will support 140 MW of distributed generation projects, including the company’s community-scale solar and storage and battery storage installations. The projects are spread across US in New York, Pennsylvania, New Jersey, Connecticut, and California.
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DESRI has achieved financial notice to proceed, and it has commenced construction of the Catclaw solar and storage project situated in Buckeye, Arizona. The Catclaw project is a 205 MWac solar facility with a 1,000 MWh storage system. DESRI purchased the project from Avantus in 2024. BNP Paribas and Norddeutsche Landesbank Girozentrale served as coordinating lead arrangers.
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Zelestra has commenced commercial operations at the San Martín solar plant in Perú. The solar plant has a capacity of 300 MWdc and is led by Zelestra’s internal engineering, procurement, and construction (EPC) division. The solar plant comprises 450,000 modules and will generate over 830 GWh of clean energy annually. The solar project supplies clean energy to its customer, Kallpa Generación, through a long-term power purchase agreement.
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