Ecoener has secured two 15-year power purchase agreements (PPAs) in Guatemala. These agreements pertain to the development of the 140 MWp Cocales and 60 MWp La Hulera solar plants, with both the projects expected to begin commercial operations in 2028. The Cocales project will comprise a 20 MW/80 MWh battery energy storage system (BESS), whereas the La Hulera project will include a 10 MW/40 MWh BESS.
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Linea Energy has secured project financing for its Watertown solar project, a 172 MWdc utility-scale facility located in Sanilac County, Michigan. The financing package comprises a construction-to-term loan, a tax equity bridge loan and a letter of credit facility. It is led by Santander Corporate & Investment Banking, with participation from Société Générale, Norddeutsche Landesbank Girozentrale and Truist Bank.
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TotalEnergies has entered into settlement agreements with the US Department of the Interior to relinquish its Carolina Long Bay lease and New York Bight lease, both awarded in 2022, along with its partners. As a result, the company will discontinue the development of offshore wind projects in US. Additionally, under the terms of the agreement, TotalEnergies will recover the lease fees previously paid.
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Arevon Energy, Inc. has commenced construction of the 250 MW/1,000 MWh Cormorant energy storage project in Daly City, California. The project involves an investment of approximately $600 million. The company will own and operate the project, which is scheduled to become operational in 2027. Once completed, it is expected to supply electricity to around 321,000 homes for up to four hours.
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Equinor, through its subsidiary Rio Energy, has acquired the Esquina do Vento wind project from Vestas. The 230 MW project is located in the state of Rio Grande do Norte in northeast Brazil. Additionally, Equinor has entered into a wind turbine supply agreement with Vestas for the same project. As per the supply agreement, Vestas will supply 51 V163-4.5 MW turbines, with installation scheduled to commence in March 2027.
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Origis Energy has commenced commercial operations of the Wheatland Solar project in Knox County, Indiana. The project has a capacity of 210 MWdc, or 150 MWac, and is supported by a 20-year power purchase agreement with CenterPoint Energy. The project will supply electricity to support power reliability and resilience in CenterPoint Energy’s service area in Indiana.
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rPlus Energies has secured financing commitments exceeding $650 million for the Blacks Creek Energy Center, a 400 MWac, or 520 MWdc solar project with 200 MW of storage located in Ada County, Idaho. The financing includes debt facilities and tax equity commitments to support the construction of the project. The debt financing facility is being led by Santander Corporate & Investment Banking and KeyBanc Capital Markets, Inc.
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Manitoba Hydro has issued a request for proposals (RFP) under the Wind Call for Power initiative. The programme seeks to procure power from 600 MW of wind projects in Manitoba, Canada. Each wind project selected under the initiative must be majority owned by one or more Indigenous Nations in Manitoba. The bidding process has commenced and is scheduled to close during summer 2026.
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Actis has completed the sale of Orygen, a power generation company in Peru, to Grupo Romero through an affiliate managed by InfraCorp, the group’s energy and infrastructure investment platform. Orygen is a power generation platform in Peru with an installed capacity of 2.3 GW. Its portfolio includes wind and solar assets accounting for 28 per cent of capacity, hydro representing 34 per cent, and thermal gas contributing 38 per cent.
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Cypress Creek Renewables has acquired the Steel River project from Swift Current Energy. The project is currently under development in Mississippi county, Arkansas. Once completed, the project will comprise 2.45 GW of solar capacity combined with 720 MW/2,900 MWh of battery energy storage system (BESS) capacity. The project will be developed and constructed in three phases.
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Aypa Power, a Blackstone portfolio company, together with Six Nations of the Grand River Development Corporation (SNGRDC), has reached financial close for approximately $512 million to support the Elora and Hedley battery energy storage system (BESS) projects in Ontario, Canada. The financing package has been arranged through an eight-bank syndicate of international and domestic lenders.
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The International Finance Corporation (IFC) has announced financing support for Petroquímica Comodoro Rivadavia S.A. for the development and construction of the Olavarría wind farm in the Buenos Aires province of Argentina. The total project cost is reported at $275 million. It involves the installation of 29 wind turbines supplied by Vestas, with a total installed capacity of 185.6 MW.
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British Columbia Investment Management Corporation (BCI), Norges Bank Investment Management and Brookfield have announced the establishment of Northview Energy, a privately held renewable energy company focused on acquiring and owning contracted, operating renewable energy assets across US and Canada. The company will be equally funded and owned by the three investors.
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EverWind has secured a strategic investment of $175 million from Nuveen Energy Infrastructure Credit, the infrastructure credit investment arm of Nuveen, a global asset manager with $1.4 trillion in assets under management. The funding will support the development of EverWind’s onshore wind portfolio and the Point Tupper green fuels project in Nova Scotia.
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Boralex Inc. and Six Nations of the Grand River Development Corporation (SNGRDC) have announced the commercial commissioning of the 300 MW/1,200 MWh Hagersville battery energy storage park in Ontario, Canada. Borea and A6N General Partnerships, majority-owned by SNGRDC in partnership with Aecon, conducted construction and civil work activities at the site.
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Zelestra has initiated construction of the 242 MWdc Babilonia solar project in Arequipa, Peru. It will involve the installation of approximately 394,000 bifacial solar modules. Commercial operations are scheduled to commence in the first half of 2027. The development has been secured under a long-term power purchase agreement with Celepsa.
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Scatec ASA has achieved financial close for the 130 MW Barzalosa solar project in Colombia and has commenced construction. The project has executed a 15-year power purchase agreement with BTG Pactual Comercializadora de Energía. Scatec ASA holds a 65 per cent equity stake in the project, with Norfund providing the remaining equity participation.
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Brazil’s Ministry of Mines and Energy has announced that nine plants at the Draco solar complex have commenced commercial operations. Located in Arinos, Minas Gerais, the project forms part of the New Growth Acceleration Programme (Novo PAC) of the Brazilian government. The complex represents an investment of over R$ 2.4 billion and is designed to supply electricity to more than 500,000 homes.
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Origis Energy has announced the commissioning and commencement of operations of three Swift Air Solar plants in Texas. The projects were executed in three phases, with the final phase delivered in late 2025. The projects are located in Ector County and have a combined capacity of 500 MWdc. Origis undertook the planning, development, and construction of the solar plants.
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The 185.6 MW Forêt Domaniale wind farm has received government authorisation for construction. It will be located across forested areas within the municipalities of Cap-Saint-Ignace, Montmagny, Notre-Dame-du-Rosaire, and Sainte-Apolline-de-Patton in the Montmagny regional county municipality. The development is being undertaken through an equal partnership between EDF solutions électriques and Alliance de l’énergie de l’Est.
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