Earthrise Energy has secured close of a $630 million debt financing for the Gibson City Solar project. The project has a capacity of 270 MWac and is situated within Illinois’ MISO power market. The debt financing consists of a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. Marathon Capital acted as the financial advisor to Earthrise Energy on the overall transaction.
Read More
Soltage has secured the closing of a $260 million construction and term debt financing facility. The financing will aid the near-term deployment of solar and storage projects from Soltage’s development pipeline of over 2 GW across US. The financing structure comprises a revolving construction loan, tax equity bridge loan, and a term loan facility. The facility was structured and led by the National Bank of Canada, alongside First Citizens Bank.
Read More
Origis Energy has secured the financial closing of the Wheatland solar project with MUFG. The portfolio financing package of over $530 million supports two projects of Origis Energy. The first is the Wheatland Solar project, which will provide 150 MWac of solar capacity. It is situated in Knox County, Indiana, and is slated for completion in the first half of 2026. Additionally, it is supported by a power purchase agreement (PPA) with CenterPoint Energy.
Read More
Onyx Renewables has secured the closing of a $260 million credit facility. The credit facility will be used to support the growth of the company’s portfolio of distributed energy projects across US. The facility comprises a term loan, revolving line of credit, and a $10 million letter of credit facility that will directly support the ongoing construction and operation of Onyx Renewables’ clean energy infrastructure projects, including onsite solar PV and battery storage.
Read More
Invenergy has commenced operations of the Hardin III solar energy center. The project has a capacity of 250 MW and is situated in Hardin County, Ohio. WEC Energy Group is the majority owner of the solar facility. Additionally, Microsoft will purchase the electricity and renewable energy credits generated at the facility through a power purchase agreement. The solar facility is expected to generate $180 million of new investment in Hardin County.
Read More
Enfinity Global has sold 49 per cent stake in two battery energy storage system (BESS) projects to Daiwa Energy & Infrastructure Ltd. (DEI). The projects have a total capacity of 380 MW. Enfinity Global will retain a 51 per cent controlling stake and will complete the development, construction, and serve as the long-term asset manager for the two projects. The first project is a 250 MW BESS with a two-hour duration and 500 MWh capacity.
Read More
Avangrid has achieved commercial operations of the Powell Creek Solar project in Putnam County, Ohio. The project has a capacity of 202 MWdc (150 MWac) and is capable of generating electricity to power the equivalent of 30,000 homes annually. The project consists of over 300,000 solar panels and reached commercial operation in April. Furthermore, the project is anticipated to contribute an estimated $31 million to local taxing jurisdictions over its lifetime.
Read More
Innergex Renewable Energy (Innergex) and Mi’gmawei Mawiomi Business Corporation (MMBC) have reached financial close for the construction and operation of the Mesgi’g Ugju’s’n 2 wind project in Quebec. The wind project has a capacity of 102 MW. The wind project is located in MRC d’Avignon and is an extension of the existing 150 MW Mesgi’g Ugju’s’n wind facility, which was commissioned in 2016. The project is expected to be commissioned in 2026.
Read More
Arevon Energy has secured a $98 million tax equity commitment for its Ratts 1 and Heirloom solar projects. The tax equity commitment has been secured from Fifth Third Bank. The projects will add 265 MW of new domestic energy to Pike County, Indiana. Ratts 1 solar project has a capacity of 192 MWdc, and the Heirloom solar project has a capacity of 73 MWdc. The projects are expected to be fully operational later in 2025.
Read More
ACCIONA Energía has started commercial operations at the Forty Mile wind farm. The project has a capacity of 280 MW and is situated in Alberta, Canada. The wind farm features 49 Nordex turbines, each with a capacity of 5.7 MW and a tower height of 108 meters. The project is expected to contribute over €85 million in property tax revenues over its lifetime. Furthermore, the project will reduce carbon emissions by 6,00,000 metric tonnes per year.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
TE H2, a developer majority-owned (80 per cent) by French energy giant TotalEnergies, has filed an environmental impact assessment for its $16 billion green hydrogen and ammonia project in southern Chile. Slated to become one of the country’s largest facilities by 2030, the project is located in San Gregorio, near Tierra del Fuego.
Read More
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.
Read More
DESRI, in partnership with Ranger Power has announced the financial closure and start of construction for the Heartwood and White Tail solar projects in Michigan. The Heartwood Solar facility has a capacity of 150 MWac and is located in Hillsdale County. White Tail Solar project has a capacity of 140 MWac and is situated in Washtenaw County.
Read More