HIF Global, a leading green fuels company, announced a project to produce up to 800,000 tons per year of green methanol in Brazil. This is the company’s first such project in Brazil. It has signed a land reservation contract with Port of Açu to develop this green methanol facility. Meanwhile, the port will also provide support to HIF in several aspects related to project development.
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CI V, the flagship fund of Copenhagen Infrastructure Partners (CIP) has announced that it has acquired the 255 MW / 1,020 MWh Scatter Wash standalone battery energy storage (BESS) project from Strata Clean Energy in Phoenix, Arizona. The project began construction in early 2024 and is set to begin commercial operations in the first half of 2025.
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Origis Energy and the Tennessee Valley Authority (TVA) have entered into a power purchase agreement to expand their solar and storage projects in Mississippi. Origis will develop, construct, and manage the operations of the Hope Solar + Storage project in Clay County. The project includes a 200 MWac solar facility combined with 200 MW (800 MWh) of storage.
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Monarch Private Capital and Invenergy have announced the completion of nearly $170 million in tax equity financing for the Samson Solar Energy Center II in Lamar County, Texas. Developed by Invenergy, the project will deliver major economic benefits, and over $27 million in taxes and contributions to the county and local schools over its lifespan.
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The US Department of Energy (DOE) has finalised a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, backed by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a 70 MWh long-duration battery.
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National Grid Renewables has kicked off construction at the Dodson Creek Solar Project in Highland County, Ohio. The 117 MW solar project, part of the PJM market, will provide clean energy and is expected to bring $49 million in economic benefits to the local area. Dodson Creek is the latest addition to National Grid Renewables’ Ohio portfolio
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The Biden-Harris administration approved the Maryland Offshore Wind Project, marking the tenth commercial offshore wind energy project under President Biden’s leadership. This brings the total approved offshore wind capacity to over 15 GW, half of the 30 GW goal set for 2030. These projects are expected to supply clean energy to 5.25 million homes.
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Arevon Energy has secured $299 million in debt financing for its Ratts 1 and Heirloom Solar Projects in Pike County, Indiana. These projects will contribute 264 MW (MWdc) of renewable energy to the Midwest and MISO region. Construction has begun for these projects, and they are expected to be fully operational by the third quarter of 2025.
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WEG has inked a supply agreement with Kroma Energia for the Arapuá photovoltaic solar complex in Brazil. The complex is valued at approximately R$630 million. The Arapuá solar facility is located in Vale do Jaguaribe, Jaguaruana – CE, Brazil. The project has an installed capacity of 250 MWp and is expected to produce approximately 537 GWh annually. Commercial operations are slated to commence in the first quarter of 2026.
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Power Sustainable Energy Infrastructure (PSEI) and EDF Renewables North America (EDF Renewables) have announced the initial phase of their strategic investment. PSEI has acquired a 50 per cent share in the Desert Quartzite Solar+Storage Project. The project is currently in its construction phase and is situated in Riverside County, California.
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Avantus and Toyota Tsusho America (TAI) have officially commenced construction on the 159 MWdc/125 MWac Norton Solar Project located in Runnels County, Texas. This follows Avantus’ sale of the Norton project to TAI in November 2023, a fully-owned subsidiary of Toyota Tsusho Corporation of Japan, part of the Toyota Group. Additionally, TAI has secured construction and term financing through a deal with global financial giant Mitsubishi UFJ Financial Group.
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Tucson Electric Power (TEP) is planning to build a second large-scale battery system in southeast Tucson to store solar and other energy sources for use later in the day, meeting customers’ peak energy demands. The 200 MW Roadrunner Reserve II system will have the capacity to store 800 MW hours of energy, which is sufficient to power around 42,000 homes for four hours when operating at full capacity.
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The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a provisional agreement for a loan guarantee of up to $1.45 billion, aimed at supporting Qcells’ awaited solar supply chain manufacturing plant in Cartersville, Georgia. Once finalised, the Loan Programs Office would assist Qcells in the construction of a facility dedicated to manufacturing the entire solar supply chain.
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Ørsted has revealed a strategic collaboration with Mission Clean Energy to develop four independent battery energy storage systems in the Midwest. Mission Clean Energy seeks to utilise Ørsted’s vast operational expertise and resources to make these projects a reality. Ørsted will use its funds to obtain and uphold interconnection queue positions for the four storage projects owned by Mission, as Mission will still be in charge of developing the projects.
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JERA Nex has purchased two US solar projects with a combined capacity of 395 MW from Lightsource bp. The transaction has gained all regulatory clearances, is JERA Nex’s first since its establishment in April. It includes its first US solar assets: the 300 MW Oxbow solar farm in Louisiana and the 95 MW Happy solar farm in Arkansas. Furthermore, both the plants are commercially operational and provide renewable energy to their clients.
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Iberdrola, ICO, Sabadell, and HSBC have finalised a 15-year syndicated green loan agreement totalling €500 million. The loan is supported by Cesce through its Green Investment Policy on behalf of the State and is guaranteed by the Internationalisation Risk Reserve Fund (FRRI), which is associated with the Ministry of Economy, Trade, and Enterprise. The loan will finance wind, photovoltaic, and battery projects in the US, Australia, and Italy, with a combined capacity of 897 MW and is anticipated to be functional between 2025 and 2026.
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Eolian has announced the closing of a $315 million renewable energy green loan and a $75 million revolving credit facility with Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC. The fund raised is secured through a wide range of eligible green project assets developed by Eolian and aligns with the four pillars of the Green Loan Principles, as jointly published in the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.
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Clearway Energy Group has secured a 25-year power purchase agreement (PPA) with Puget Sound Energy (PSE) for the 315 MW Haymaker wind farm in Montana. Upon becoming operational, the Haymaker wind farm will generate sufficient electricity to supply for over 116,000 households annually. The construction of the project is set to commence in 2026, with commercial operations projected to begin by 2028.
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Clearway Energy Group has secured over $700 million in financing and begun construction on two major projects in California: the 200 MW Luna Valley solar project in Fresno County and the 113.5 MW Daggett Storage battery project in San Bernardino County, which finalises up the 482 MW Daggett Solar + 394 MW Storage complex. San Diego Gas & Electric inked 15-year contracts for equal amounts of solar power and energy storage from both the Luna Valley and Daggett Storage 1 projects.
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Tesla and Intersect Power have signed a contract to supply 15.3 GWh of Tesla’s Megapack battery energy storage systems for Intersect Power’s solar + storage project portfolio . By the end of 2027, Intersect Power is expected to deploy 10 GWh of large-scale energy storage. Intersect Power plans to use over half of the new Megapacks order for four projects in California and Texas, which are anticipated to be operational by the end of 2027.
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