Category: News America

OCI Energy, CPS Energy, and LG Energy Solution Vertech join forces for BESS project in Texas

OCI Energy, CPS Energy, and LG Energy Solution Vertech join forces for BESS project in Texas

May 28, 2025 | , ,

OCI Energy, CPS Energy, and LG Energy Solution Vertech, which is the US energy storage division of LG Energy Solutions, have inked a memorandum of understanding (MoU) for the Alamo City battery energy storage system (BESS) project. The project has a capacity of 120 MW/480 MWh and is currently under development in Bexar County, Texas. OCI Energy is the project developer. The project is expected to reach commercial operation in 2027.

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Energy Estate enters the US market through acquisition of San Luis Industrial Complex

Energy Estate enters the US market through acquisition of San Luis Industrial Complex

May 26, 2025 | , ,

Energy Estate has entered the US market with the acquisition of the San Luis Industrial Complex (SLIC) from San Luis Renewables and Our Energy, the co-developers of the project. SLIC is slated to receive funding through a $12.6 billion public-private partnership, the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES). ARCHES is California’s initiative to accelerate renewable hydrogen projects and infrastructure.

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Deriva Energy secures $127 million financing for renewable energy projects in US

Deriva Energy secures $127 million financing for renewable energy projects in US

May 21, 2025 | , , ,

Deriva Energy has completed $127 million debt financing for a portfolio of currently operational energy assets. The portfolio received senior secured notes from Principal Asset Management and MetLife Investment Management. The portfolio comprises the Ledyard Wind and Pisgah Ridge Solar projects, both owned and operated by Deriva Energy. The projects began commercial operations in 2022.

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Zelestra inks agreement with Sungrow for 1 GWh BESS project in Chile

Zelestra inks agreement with Sungrow for 1 GWh BESS project in Chile

May 20, 2025 | , ,

Sungrow has inked an agreement with Zelestra to provide battery storage technology for a battery energy storage system (BESS) project being delivered in Latin America. Under the agreement, Sungrow will provide its PowerTitan 2.0 liquid-cooled BESS and its MV power conversion units for the BESS project with a storage capacity of 1 GWh. The project forms part of the hybrid Aurora scheme in Tarapacá, Chile, which is currently under construction.

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Grenergy inks 390 GWh solar PPA in Chile

Grenergy inks 390 GWh solar PPA in Chile

May 19, 2025 | , ,

Grenergy has inked a long-term power purchase agreement (PPA) with a global energy company in Chile. The agreement stipulates the sale of 390 GWh of solar energy annually through a daytime PPA. This PPA will come into effect in October 2026. The solar energy will be generated by projects being developed by Grenergy in central Chile. Furthermore, out of the total 390 GWh, 110 GWh of solar energy per year will be provided over a 15-year period.

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$960 million financing secured for 400 MW wind project in Canada

$960 million financing secured for 400 MW wind project in Canada

May 16, 2025 | , ,

La Société de projet BVH1, s.e.n.c., a corporation jointly created by Boralex Inc., Énergir Développement Inc., and Hydro-Québec, has secured $960 million financing for the 400 MW Des Neiges – Secteur sud wind power project. The project is currently under construction on the private lands of Seigneurie de Beaupré. The financing for the wind project consists of a $733 million construction loan.

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ENGIE and CBRE IM join forces for 2.4 GW of battery storage assets in US

ENGIE and CBRE IM join forces for 2.4 GW of battery storage assets in US

May 16, 2025 | , ,

ENGIE North America (ENGIE) has formed a partnership with funds managed by CBRE Investment Management (CBRE IM) for a portfolio of battery storage assets across Texas and California. The 2.4 GW portfolio encompasses 31 operational projects in the Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) territories. ENGIE will retain a controlling stake in the portfolio.

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Northland Power begins commercial operations at 250 MW/1,000 MWh BESS project in Ontario

Northland Power begins commercial operations at 250 MW/1,000 MWh BESS project in Ontario

May 8, 2025 | , ,

Northland Power has commenced commercial operations at the 250 MW/1,000 MWh Oneida Energy Storage Project, located in Haldimand County, Ontario. This project is the company’s first operational energy storage asset in Canada. The project was completed at a final cost of approximately $700 million, below the initial estimate of $800 million set at financial close in 2023.

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Trina Storage and FlexGen join forces for 371 MWh BESS in Texas

Trina Storage and FlexGen join forces for 371 MWh BESS in Texas

April 25, 2025 | , ,

Trina Storage has joined forces with FlexGen Power Systems to deliver a 371 MWh battery energy storage system (BESS) in Houston, Texas, US. The project features Trina Storage’s advanced Elementa 2 solution. The project was developed by SMT Energy. FlexGen will provide system integration services and implement its HybridOS energy management software, streamlining system management and boosting operational efficiency.

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Celsia acquires 675 MW of renewable energy portfolio from Mainstream Renewable Power

Celsia acquires 675 MW of renewable energy portfolio from Mainstream Renewable Power

April 24, 2025 | , , ,

Celsia has acquired a 675 MW renewable energy portfolio from Mainstream Renewable Power. The portfolio consists of solar and wind energy projects, which are at various stages of development. The solar projects are Andromeda and Pollux, each with a capacity of 100 MW, and Aries with a capacity of 175 MW. The wind projects in the portfolio are Neptuno and Sirius, each with a capacity of 150 MW, located in La Guajira.

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CPS Energy and Avangrid expand PPA for wind farm in Texas

CPS Energy and Avangrid expand PPA for wind farm in Texas

April 23, 2025 | , ,

CPS Energy has expanded its existing power purchase agreement (PPA) with Avangrid by incorporating an additional 159.2 MW of wind energy from the Peñascal wind farm situated in Kenedy County, Texas. The Peñascal wind farm has a total capacity of 401 MW. Furthermore, with the expanded agreement, Avangrid will allocate 80 per cent of the total wind energy produced at this facility to CPS Energy’s customers.

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Palladium and Arava sell solar plus storage portfolio to Exus

Palladium and Arava sell solar plus storage portfolio to Exus

April 23, 2025 | , ,

Palladium Energy (Palladium), through its joint venture with Arava Power Company (Arava), has sold the solar plus storage portfolio to Exus Renewables North America (Exus). The portfolio has 364 MW of solar and 280 MWh of storage capacity. The portfolio includes three mid-stage projects situated in PJM and MISO. The development, construction, and asset management of the portfolio will be carried out by Exus.

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Lhyfe secures €149 million subsidy for green hydrogen production plant

Lhyfe secures €149 million subsidy for green hydrogen production plant

April 22, 2025 | , ,

Lhyfe has secured a €149 million grant from the French government for the Green Horizon project. Lhyfe intends to produce up to 34 tonnes of green hydrogen per day using the project. The production site is expected to be completed by 2029. The contract with Bpifrance outlines the terms of implementation for the public funding. Lhyfe will secure an initial advance of €18 million by June 2025.

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Enlight secures $243 million construction financing for Quail Ranch project in US

Enlight secures $243 million construction financing for Quail Ranch project in US

April 16, 2025 | , ,

Enlight Renewable Energy (Enlight) has secured $243 million in construction financing commitments for the Quail Ranch project. This has been secured through Enlight’s US subsidiary Clenera Holdings LLC. The construction loan is a part of the financial close for Quail Ranch, which is located near Albuquerque, New Mexico, USA. Furthermore, the project combines 128 MW of solar generation with 400 MWh of battery storage capacity.

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ContourGlobal commissions the Quillagua plant in Chile

ContourGlobal commissions the Quillagua plant in Chile

April 15, 2025 | , ,

ContourGlobal has commissioned the Quillagua plant, located in the municipality of Maria Elena, in the Antofagasta region of Chile. This is a 221 MWp photovoltaic solar plant with a 1.2 GWh battery storage system. Quillagua has the potential to deliver 200 MW of power for 6.2 hours after sunset. Furthermore, the Quillagua plant is a part of a larger development, which includes another project, the Victor Jara plant in the Tarapacá region.

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Atlas Renewable Energy and Colbún ink PPA for BESS project in Chile

Atlas Renewable Energy and Colbún ink PPA for BESS project in Chile

April 11, 2025 | , ,

Atlas Renewable Energy (Atlas) and Colbún have inked a power purchase agreement (PPA) for a battery energy storage system (BESS) project located in the Antofagasta Region, Chile. The project will have an installed capacity of 230 MW and a storage capacity of 920 MWh per day. This is a 15 year PPA and allows Atlas to build the BESS project and Colbún to acquire the project’s energy supply.

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